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News Breaks | | | | March 11, 2013 | | 06:04 EDT |  | VLO, MPC, TSO | Federal ethanol mandate means higher costs for oil refiners, WSJ reports
The cost of complying with a federal mandate to use corn ethanol in fuel has increased sharply in the past few months, putting a squeeze on oil refiners, reports the Wall Street Journal. The price of each credit that refiners need under the law was over $1.00 on Friday, up from just a few cents last year. The new expenses "will have an impact on refinery margins," said Tom Kloza, chief oil analyst with the Oil Price Information Service. Reference Link | |
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News For VLO;MPC;TSO From The Last 14 Days Check below for free stories on VLO;MPC;TSO the last two weeks. |
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| May 24, 2013 | | 11:44 EDT | | VLO, TSO | Kinder Morgan drawing little interest for Freedom pipeline, WSJ says
 Subscribe for More Information | | | 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. | | | May 20, 2013 | | 10:05 EDT | | VLO | Valero could seek to form logistics MLP by year end, SA Biz Journal says
Subscribe for More Information | | | 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. | | | 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. | | | 08:37 EDT | | TSO | Tesoro removed from U.S. Key Call List at UBS
Subscribe for More Information | | | May 17, 2013 | | 16:21 EDT |  | TSO | On The Fly: Closing Wrap
Subscribe for More Information | | | 13:18 EDT |  | TSO | Tesoro, Tesoro Logistics in $640M deal for Carson logistics assets
Subscribe for More Information | | | 13:11 EDT |  | TSO | Tesoro sees BP deal adding 50c to FY13 EPS
Subscribe for More Information | | | 13:09 EDT | | 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. | | | | May 16, 2013 | | 14:46 EDT | | TSO | Tesoro may take over BP California assets as soon as June 1, Reuters says
Subscribe for More Information | | | 14:32 EDT | | TSO | Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1
Subscribe for More Information | | | 07:37 EDT |  | TSO, VLO, MPC | Morgan Stanley to host a conference
Refining Corporate Access Day is being held in New York on May 16. | | | May 15, 2013 | | 17:26 EDT | | TSO | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 17:18 EDT | | TSO, VLO, MPC | BP Capital gives quarterly update on stakes
Subscribe for More Information | | | May 14, 2013 | | 07:23 EDT | | MPC | Oppenheimer to host a summit
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