News Breaks |
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| September 9, 2012 |
| 12:36 EDT |  | PSX, TSO, VLO, MPC, HFC, BP | Tesoro's transformative new acquisition could boost shares, Barron's says
Although Tesoro's (TSO) stock has surged 69% this year, the shares are still cheap and could rise more than 40% in the next year, Barron's contends. The bargain purchase of a BP (BP) refinery enhances Tesoro's existing strength on the West Coast. Wall Street liked the transaction, and it has warmed to the entire group of domestic oil refiners this year. The five major independents, Marathon Petroleum (MPC), Phillips 66 (PSX), HollyFrontier (HFC), Valero Energy (VLO), and Tesoro, are up an average of 50% in 2012, making refiners one of the market's top-performing groups. Reference Link |
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News For TSO;BP;MPC;PSX;HFC;VLO From The Last 14 Days Check below for free stories on TSO;BP;MPC;PSX;HFC;VLO the last two weeks. |
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| May 23, 2013 |
| 07:47 EDT | | BP | Restrictions may force BP to surrender KG basin block, Economic Times reports
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| May 22, 2013 |
| 09:43 EDT | | BP | BP plans to increase production, investment in Iraq, DJ reports
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| 07:49 EDT | | BP | BP fights "unjustified" Gulf oil spill payments, FT reports
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| May 21, 2013 |
| 08:08 EDT |  | TSO | Tesoro price target raised to $75 from $65 at Oppenheimer
Oppenheimer increased its target on Tesoro to reflect the company's acquisition of a Carson City, CA, refinery and related assets, after regulators approved the deal last Friday. The firm believes that the deal will create significant value for Tesoro shareholders, and it keeps an Outperform rating on the stock. |
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| 07:36 EDT |  | PSX | UBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast Link |
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| May 20, 2013 |
| 10:05 EDT | | VLO | Valero could seek to form logistics MLP by year end, SA Biz Journal says
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| 09:12 EDT | | TSO | Tesoro price target rasied to $120 from $92 at Barclays
Barclays raised Tesoro estimates following the Carson City approval from the FTC and California Attorney General, without any divestitures. Shares are Overweight rated. |
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| 08:41 EDT | | TSO | Tesoro price target raised to $69 from $58 at Imperial Capital
Imperial Capital raised its price target for Tesoro after the FTC cleared the company's acquisition of BP Carson. The firm keeps an Outperform rating on the stock. |
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| 08:37 EDT | | TSO | Tesoro removed from U.S. Key Call List at UBS
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| 08:08 EDT | | BP | EU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link |
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| 05:40 EDT | | BP | U.S. oil futures rally as many commodities decline, WSJ reports
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| May 17, 2013 |
| 16:21 EDT |  | BP, TSO | On The Fly: Closing Wrap
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| 13:18 EDT |  | TSO | Tesoro, Tesoro Logistics in $640M deal for Carson logistics assets
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| 13:11 EDT |  | TSO | Tesoro sees BP deal adding 50c to FY13 EPS
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| 13:09 EDT | | BP, TSO | Tesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. |
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| May 16, 2013 |
| 14:46 EDT | | BP, TSO | Tesoro may take over BP California assets as soon as June 1, Reuters says
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| 14:32 EDT | | TSO, BP | Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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| 07:37 EDT | | MPC, TSO, VLO | Morgan Stanley to host a conference
Refining Corporate Access Day is being held in New York on May 16. |
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| 07:11 EDT | | BP | BP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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| 07:07 EDT | | HFC | HollyFrontier declares special dividend of 50c
HollyFrontier declared a special cash dividend in the amount of 50c per share, payable on June 10 to holders of record of common stock on May 29. The board of directors also approved a regular quarterly dividend of 30c per share to be paid on July 3 to holders of record of common stock on June 12. |
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