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Stock Market & Financial Investment News

News Breaks
July 21, 2014
16:46 EDTTSOTesoro to launch new petrochemical feedstock project
Tesoro announced plans to produce petrochemical feedstock in its U.S. West Coast refining system. The company intends to gather intermediate feedstock, primarily reformate, from its West Coast refining system for xylene extraction at Anacortes, Washington. The initial investment, estimated to be around $400M, is designed to recover up to 15K barrels per day of mixed xylene. The mixed xylene will mainly be exported to Asia and is used to make polyester fibers and films for clothing, food packaging and beverage containers. The project is expected to generate competitive returns similar to other recent capital projects by Tesoro. Startup of the new facilities is expected to be in 2017. A final investment decision is expected by year-end.
News For TSO From The Last 14 Days
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February 24, 2015
07:30 EDTTSOJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 19, 2015
04:26 EDTTSOStocks with implied volatility movement; TSO RIG
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February 17, 2015
16:53 EDTTSOTesoro approves two complementary projects
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February 13, 2015
10:00 EDTTSOOn The Fly: Analyst Downgrade Summary
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06:00 EDTTSOTesoro downgraded to Sector Perform from Outperform at RBC Capital
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05:30 EDTTSOTesoro downgraded to Neutral from Conviction Buy at Goldman
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05:26 EDTTSOValero upgraded to Conviction Buy from Neutral at Goldman
Goldman Sachs upgraded Valero to Conviction Buy citing the company's "compelling: turnaround story. Goldman raised its price target for shares to $69 from $61. The firm coupled the upgrade with a downgrade of Tesoro (TSO) to Neutral from Conviction Buy.

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