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Tesoro - Earnings Disappoint On One-Time ChargesThe Value Investor • Wed, Nov 7, 2012
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Tesoro's Dividend, Growth Opportunities, And Cheap Valuation Make It A BuyQineqt • Thu, Aug 23, 2012
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Tesoro Subsidiary to Launch IPOZacks Investment Research • Thu, Apr 14, 2011 -
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Earnings Scorecard: Tesoro CorporationZacks Investment Research • Mon, Nov 15, 2010
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Strategy Sees Tesoro Breaking RangeoptionMONSTER • Thu, Aug 5, 2010
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Tesoro's CEO Hosts 2012 Analyst and Investor Day Conference (Transcript)Wed, Dec 12, 2012
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Tesoro Management Discusses Q2 2012 Results - Earnings Call TranscriptThu, Aug 2, 2012 • 1 Comment
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Tesoro's CEO Discusses Q1 2012 Results - Earnings Call TranscriptThu, May 3, 2012
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Tesoro's CEO Discusses Q3 2011 Results - Earnings Call TranscriptThu, Nov 3, 2011
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Tesoro's CEO Discusses Q2 2011 Results - Earnings Call TranscriptThu, Aug 4, 2011
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Tesoro's CEO Discusses Q1 2011 Results - Earnings Call TranscriptThu, May 5, 2011
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Tesoro CEO Discusses Q3 2010 Results - Earnings Call TranscriptFri, Nov 5, 2010
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Tesoro Corp Q2 2010 Earnings Call TranscriptThu, Jul 29, 2010
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Tesoro Corporation Q1 2010 Earnings Call TranscriptFri, Apr 30, 2010
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Tesoro Corp. Q4 2009 Earnings Call TranscriptWed, Feb 3, 2010 • 1 Comment
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Tesoro Corp. Q3 2009 Earnings Call Transcript.Mon, Nov 9, 2009
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Tesoro Corporation Q2 2009 Earnings Call TranscriptThu, Jul 30, 2009
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Tesoro Corporation Q1 2009 Earnings Call TranscriptThu, May 7, 2009
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at MarketWatch.com (Fri, 5:23PM)
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at MarketWatch.com (Fri, 4:58PM)
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at MarketWatch.com (Wed, 4:12PM)
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at CNBC.com (Tue, 5:43PM)
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at MarketWatch.com (Mon, 5:03PM)
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at MarketWatch.com (May 10, 2013)
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at MarketWatch.com (May 10, 2013)
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at MarketWatch.com (May 6, 2013)
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at MarketWatch.com (May 2, 2013)
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at MarketWatch.com (May 2, 2013)
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at CNBC.com (May 2, 2013)
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at CNBC.com (May 2, 2013)
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at MarketWatch.com (May 1, 2013)
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at CNBC.com (Apr 30, 2013)
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at MarketWatch.com (Apr 30, 2013)
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at MarketWatch.com (Apr 29, 2013)
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at CNBC.com (Apr 24, 2013)
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at MarketWatch.com (Apr 23, 2013)
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at CNBC.com (Apr 23, 2013)
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at MarketWatch.com (Apr 22, 2013)
TSO vs. ETF Alternatives
Company Description
Tesoro Corporation (“Tesoro”) was incorporated in Delaware in 1968. Based in San Antonio, Texas, we are one of the largest independent petroleum refiners and marketers in the United States. Our subsidiaries, operating through two business segments, primarily manufacture and sell transportation... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, December 13, 2012, 2:47 PM Tesoro (TSO +2.2%) is upgraded to Outperform from Neutral with a $60 price target (up from $53) by Credit Suisse after shares have underperformed peers and remained broadly flat since August. "While we don't have a crystal ball on the FTC approval of the acquisition of BP Carson City, we are reasonably hopeful the deal would close," the firm says. Comment! [Energy, Quick Ideas, On the Move]
- Wednesday, December 12, 2012, 3:47 PM In its analyst day presentation, Tesoro (TSO -2.2%) projects $455M in 2013 capital spending after coming in at $535M this year. TSO says it seeks to maintain a minimum cash balance of $600M-$750M, and cites a drive towards investment-grade credit a top priority. Says returns on its large capital projects are exceeding expectations; believes improvements are not fully reflected in the share price. Comment! [Energy, On the Move]
- Tuesday, December 11, 2012, 5:27 PM Tesoro Logistics (TLLP) agrees to acquire Chevron's (CVX) Northwest Products pipeline system for $400M. The pipeline receives product from five refineries and one pipeline in the Salt Lake City, Utah, area and is the primary transportation option to several other northwest U.S. areas. System delivery volumes averaged ~84K bbl/day in 2011. 2 Comments [Energy, M&A]
- Friday, November 16, 2012, 11:38 AM Consumer Watchdog accuses California refiners of “running their refineries and building inventories even when they said they were performing maintenance." It says Chevron's (CVX) Richmond refinery and Shell's (RDS.A) Martinez refinery were making gasoline even when they were said to be closed. The group also wants California's AG to block the sale of BP's Carson refinery to Tesoro (TSO). 3 Comments [Energy]
- Wednesday, October 31, 2012, 5:06 PM Tesoro (TSO): Q3 EPS of $2.05 misses by $0.25. Revenue of $8.8B beats by $290M. (PR) 2 Comments [Earnings, Energy]
- Thursday, October 11, 2012, 3:58 PM Increasing scrutiny may force Tesoro (TSO -0.2%) to sell its 97K bbl/day Los Angeles-area refinery to overcome any government antitrust opposition to the purchase of BP's 266K bbl/day Carson refinery, Bloomberg reports. If TSO sells the Wilmington plant to keep Carson, it would sacrifice plans to integrate the two refineries and cut costs it outlined when the deal was announced. Comment! [Energy, M&A]
- Wednesday, October 10, 2012, 11:41 AM Tesoro's (TSO -4.9%) proposed acquisition of Arco and its Carson refinery for $2.5B faces increasing opposition, LA Times reports, as activists say the deal would reduce competition and raise prices for motorists. The deal is drawing fire, as California's average gasoline price hits a record $4.671/gal., because it would leave 51% of the state's refining capacity with just TSO and Chevron. 1 Comment [Energy, M&A, On the Move]
- Friday, October 5, 2012, 10:57 AM Bakken oil prices in September traded at a premium to WTI for the first time in nearly a year, and analysts say the premium could continue for another year. Although it could hurt margins for Midwest refiners, pump prices could ease for drivers along the coasts. Credit goes to new rail lines and terminals built by TSO, EOG, STO and others, which are hauling the geographically isolated crude to refineries. 2 Comments [Energy]
- Thursday, October 4, 2012, 11:49 AM Crude oil futures (OIL +2.2%) bounce off yesterday's 4% drop; traders may be betting that prices fell too hard, and Middle East tensions are escalating after Turkey fired on targets in Syria. Oil servicers such as Halliburton (HAL +2.4%) and Schlumberger (SLB +0.8%) are rising, and the move is lifting refiners: TSO +3.5%, VLO +3.3%, MPC +1.3%, WNR +1.3%. Comment! [Energy, Commodities, On the Move]
- Wednesday, September 19, 2012, 11:47 AM Tesoro (TSO) is the only independent refiner Credit Suisse supports, bolstered by its California refinery acquisition, in an environment of reduced Gulf margins in 2013 and lower mid-continental crude spreads. But while the firm hikes TSO's price target to $53 from $50, it cuts ratings for MPC, PSX, DK and WNR. 1 Comment [Energy, Quick Ideas]
- Friday, September 14, 2012, 5:53 PM Tesoro (TSO) sells its Long Beach, Calif., marine terminal and Los Angeles short-haul pipelines to Tesoro Logistics (TLLP) for $210M. The asset sale follows TSO's $2.5B bid to buy BP's 266K bbl/day refinery in Carson, Calif.; TSO plans to combine the Carson plant with its 97K bbl/day Wilmington, Calif., refinery to create a West Coast refining empire. Comment! [Energy]
- Monday, September 10, 2012, 9:45 AM 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. Comment! [Energy, On the Move]
- Wednesday, August 29, 2012, 10:50 AM Valero Energy (VLO -1.1%) leads a retreat across much of the oil sector as Hurricane Isaac leaves behind less damage to the Gulf Coast's energy industry than first feared. Among refiners: COP -0.2%, TSO -1%. Big E&Ps: XOM -0.2%, CVX -0.5%, MRO -1.1%. Oilfield services: RIG -1.5%, HAL -1.2%, SLB -0.7%. Explorers: APA -0.3%, APC -0.3%. Comment! [Energy, On the Move]
- Friday, August 24, 2012, 10:59 AM Tesoro (TSO) reportedly is set to ship a jet fuel cargo from Asia to the U.S., marking its first such move this year. Profitable arbitrage economics to ship jet fuel from Asia to the U.S. after a fire shut Chevron's Richmond, Calif., refinery has encouraged traders to aggressively look to ship cargoes for the route; the supply shortfall has caused U.S. jet fuel prices to shoot up, attracting cargoes from the east. 1 Comment [Energy]
- Tuesday, August 14, 2012, 3:02 PM Tesoro's (TSO) deal for BP's California refinery still must get past the California AG office, which says it expects to take six months to "seriously look at the merger in the interest of preserving competition in the marketplace." Analysts estimate TSO would hold ~28% share of the refinery market in the state after the purchase - "high but not excessive," as Credit Suisse sees it. Comment! [Energy]
- Tuesday, August 14, 2012, 9:27 AM Tesoro (TSO) +1% premarket on top of yesterday's 9.5% gain after its bargain basement purchase of BP's California refinery. Oppenheimer raises its price target to $50 from $30 based on the deal, which it believes will boost TSO's competitive position as well as its operating and financial results and valuation. Comment! [Energy, Quick Ideas]
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Jacob Wolinsky
Morning Pre-Market News: Hussman on U.S. Recession http://bit.ly/tvUxlc $TLB $SPY $XHB $MHFI $ERO $TSO $TCB - View all 0 replies
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Bruce Whitaker
Asian refiners to benefit most from Japan disaster. TSO spike up is probably overdone. - View all 0 replies
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