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More on Tesoro's (TSO +9.5%) bargain basement purchase of the BP refinery: Not only does it look...

More on Tesoro's (TSO +9.5%) bargain basement purchase of the BP refinery: Not only does it look like the cheapest U.S. refinery deal in three years, TSO reckons it can achieve $250M of annual cost synergies by 2017 - savings equating to a net present value of ~$1.1B. Also, integrating Carson with TSO's nearby Wilmington refinery should improve its ability to handle California's environmental regulations.
Comments (3)
  • Please don't screw up ARCO.
    13 Aug 2012, 09:48 PM Reply Like
  • This purchase will almost certainly get a close scrutiny from regulators to see whether this will give Tresoro too much control over how much gasoline, diesel and other products are made in any one state. This deal would mean that Tresoro would exceed Chevron Corp., the current top producer in the Pacific Basin. It will be interesting to see where this goes.
    14 Aug 2012, 03:00 AM Reply Like
  • Agree with that, especially because TSO is buying the last discounter on the West Coast.
    14 Aug 2012, 03:25 PM Reply Like
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