Tesoro (TSO -5.3%
) amends a credit pact to allow for as much as $4B in borrowings
under a revolver that has a current capacity of $1.85B. Its Tesoro Logistics (TLLP -2.2%
) subsidiary also boosts a credit line
to $500M from $300M, with the ability to increase borrowings to $650M. Howard Weil cuts
TSO shares, along with Phillips 66 (PSX -3.2%
), Valero (VLO -2.9%
) and other refiners.