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

|About: Tesoro Corporation (TSO)|By:, SA News Editor

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.