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Tesoro Corporation (TSO)

- NYSE
  • Aug. 29, 2013, 12:44 PM
    | 1 Comment
  • Aug. 1, 2013, 5:00 PM
    • Tesoro (TSO): Q2 EPS of $1.56, beats by $0.06.
    • Revenue $8.9B, beats by $1.1B. (PR)
    • Shares +0.9% AH.
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  • Jul. 23, 2013, 3:49 PM
    Tesoro's (TSO +1.6%) proposal to build a 120K bbl/day crude-by-rail complex at the Port of Vancouver in Washington gains approval from the port’s board of commissioners. TSO's proposal comes amid increased scrutiny over crude-by-rail projects after a train hauling crude rolled from its parking spot earlier this month and crashed in Lac-Megantic, Quebec.
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  • Jul. 19, 2013, 2:07 PM
    "The spread is dead," Global Hunter proclaims, as WTI crude (USO) rises above Brent (BNO) for the first time in nearly three years two days after the EIA reported a third consecutive weekly supply decline. Some analysts say a WTI premium may be here to stay, supported by a relatively better outlook for the U.S. economy and falling stockpiles. Brent meanwhile, may struggle amid receding geopolitical risks and global macroeconomic weakness. Refiners: ALDW -0.34%, CVI -0.22%, TSO +1.64%, HFC + 3.29%, MPC +1.32%, NTI -0.41%, DK +3.36%.
    | 17 Comments
  • Jul. 16, 2013, 1:13 PM
    Energy (XLE -1.1%) is the worst performing S&P sector today with refiners taking the biggest hit following Marathon Petroleum's (MPC -4.9%) profit warning, which came on the heels of Valero's (VLO -2%) warning a few days ago as higher oil prices alongside flattish product pricing isn't a great combination. Others: Phillips 66 (PSX -3.3%), Tesoro (TSO -2.6%).
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  • Jul. 12, 2013, 11:07 AM
    Valero Energy (VLO +3.8%) has recouped early losses following a disappointing Q2 update and is making new highs for the day, as downside guidance apparently was priced in. Most refining peers also are higher: ALJ +3.7%, WNR +3.6%, HFC +3.5%, TSO +3.2%, CVI +2.9%, ALDW +2.6%, MPC +2.6%, PSX +2.5%, DK +1.8%, CVRR +1.7%, NTI +1.7%.
    | 9 Comments
  • Jul. 11, 2013, 6:18 PM
    Shares of oil refiners are trading lower after Valero (VLO) said it expects Q2 earnings to come in below current estimates. VLO -4.1% AH to ~$33, and several refining peers also are lower: NTI -2.9%, ALJ -2.9%, WNR -2.6%, HFC -2.5%, TSO -2.4%, MPC -2.1%, PSX -1.8%.
    | 2 Comments
  • Jul. 10, 2013, 2:49 PM
    It's another rough day for the big refinery stocks, whose margins are getting squeezed in the collapse in WTI-Brent spreads. Alon USA Energy (ALJ -9.1%) is hit especially hard after Barclays warns of a possible downside surprise in its upcoming earnings. Also: ALDW -5.9%, CVI -5.4%, CVRR -5%, TSO -4.5%, HFC -3.6%, PSX -3.3%, WNR -2.6%, MPC -2.6%, NTI -2.5%, DK -2.5%, VLO -2%.
    | 4 Comments
  • Jul. 8, 2013, 2:52 PM
    Refiners are oversold, Tudor Pickering says, after margins have been squeezed as WTI prices climb much faster than Brent. As North American supply growth continues, the spread will widen and support refiners' stocks, the firm says; with refiners off 20%-40% from their peaks, believers in North American crude supply growth should be buying here. CVI +6.3%, HFC +4.7%, PSX +2.9%, TSO +2.5%, VLO +1.9%.
    | 5 Comments
  • Jul. 2, 2013, 2:58 PM
    U.S. crude oil futures (USO, UCO) settle near $100/bbl as supply concerns due to geopolitical turmoil override fears about the global economy. Brent crude moves past $103, but the spread over WTI continues to narrow. Refiners continue to get slammed: CVRR -5.2%, ALJ -3.9%, PSX -3.4%, CVI -3.3%, WNR -3%, TSO -3%, CLMT -2.5%, VLO -2.4%, MPC -2.2%, DK -2.1%, NTI -2%, HFC -1.8%.
    | 12 Comments
  • Jul. 1, 2013, 3:39 PM
    Refiners HollyFrontier (HFC -5.2%), Marathon Petroleum (MPC -0.7%) and Valero (VLO -1.4%) are downgraded to Underweight from Neutral at J.P. Morgan, which says traditionally weaker H2 results and narrowing differentials between Brent prices and WTI will keep shares range-bound even as the companies' long-term finances still look good. The firm prefers Phillips 66 (PSX +0.1%) and Tesoro (TSO -0.6%).
    | 1 Comment
  • May. 31, 2013, 2:08 PM
    Kinder Morgan Partners (KMP -1.6%) cancels plans for the 277K bbl/day Freedom pipeline that would have given refiners on the U.S. west coast such as Valero (VLO) and Tesoro (TSO) a direct stream of West Texas crude. KMP says it did not receive enough interest to commit to building the $2B project, and will switch its focus to crude-by-rail projects in Texas and California.
    | 3 Comments
  • May. 20, 2013, 2:54 PM
    Tesoro (TSO +4.6%) seems to be benefiting from several favorable analyst notes today, including Barclays' big target price boost to $120 from $92, which the firm says may prove conservative since its calculations did not include any target synergy benefit. UBS and Macquarie also hike their price targets, the latter saying it sees no other U.S. independent refiner posting an equivalent execution track record.
    | 1 Comment
  • May. 17, 2013, 2:21 PM
    Tesoro (TSO +5.3%) says the FTC approved its purchase of BP's 240K bbl/day Carson, Calif., refinery and other assets. The commission found the deal would not substantially lessen competition among seven refiners for gasoline in California, the largest U.S. gasoline market. Tesoro Logistics (TLLP +3.5%) will acquire the first portion of Carson logistics assets from TSO for $640M.
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  • May. 2, 2013, 3:51 PM
    Tesoro (TSO +5.9%) is nearing the end of the regulatory review of its planned purchase of BP's 240K bbl/day Carson, Calif., refinery, CEO Greg Goff says in today's conference call. TSO says it plans to combine the plant with its 103K bbl/day Wilmington refinery; the purchase is expected to take place by the end of this quarter.
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  • Apr. 17, 2013, 12:57 PM
    Energy stocks (XLE -2.8%) trade well below the broader market as crude oil futures plunge after a surprising drop in U.S. distillate supplies and a smaller drop in crude supplies than API data showed. With the U.S. dollar substantially higher, analyst Tariq Zahir sees crude continuing its downward trend. Refiners: VLO -3.9%, TSO -5.6%, PBF -6.3%, CVI -6.8%. Big losers: LPI -5.4%, HLX -5.9%, PDS -6.5%, PWE -5.8%, KOG -4.4%.
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Company Description
Tesoro Corp is an independent petroleum refiner and marketer in the United States. Its subsidiaries operate through three business segments, transport crude oil and manufacture, transport and sell transportation fuels.