Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

FTO and HOC Merge to HFC

In my article "4 Energy Stocks with Exceptional Projected Earnings Trading at Low Prices," I listed Holly Corporation (HOC) as one stock to consider. As of the open this morning, July 1, HOC and Frontier Oil (NYSE:FTO) finialized their merger to HollyFrontier Corporation (NYSE:HFC), which started trading today.

Yesterday FTO closed at $32.31 and HOC closed at $67.54. Today HFC opened at $69.00 and finished trading at $71.86--higher than the values of either stocks, for a gain of 3.54%.

FTO's shareholders received 0.4811 shares of HOC for every  share of FTO they owned. For more information on the merger, please see "Deal to combine Holly and Frontier Oil closes."

Disclosure: I held no positions in FTO or HOC, and I have no plans to buy HFC in the near future.