Tesoro (TSO +2%
) pushes higher after a weekend Barron's story
says the West Coast oil refiner "may have pulled off the acquisition of the year" when it reached a deal last month
to purchase a large California refinery from BP for $1.175B. Investors pushed TSO stock up ~10% afterward, but shares still look appealing, trading for 6.8x projected 2012 profit of $5.84/share.