Here is what Valero had to say about the new company’s prospects:

We believe the separated retail business will perform well and unlock value for shareholders for several reasons. First, CST Brands will be the second largest publicly traded independent retailer of fuel and convenience merchandise in North America with nearly 1,900 sites. Second, these sites are located in geographically diverse regions: the southwestern United States and Eastern Canada. Third, many of the 1,032 U.S. retail sites are in Texas and surrounding states, which have strong economic growth. Fourth, CST Brands has substantial ownership of the sites with approximately 60% owned, not leased. Fifth, there’s a long history of strong financial performance and brand recognition. And finally, CST Brands has significant growth opportunities in merchandise, food service, and new-build locations.