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Tesoro Corporation (TSO)

NYSE - NYSE Delayed Price. Currency in USD
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99.53+1.66 (+1.70%)
At close: 4:04PM EDT
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  • L
    Lance
    Lance
    Looks like there are some big option positions expiring tomorrow.
  • D
    Dennis
    Dennis
    Looking pretty strong in Wednesday's pre-market. Jim Cramer, on his show on CNBC last night, praised ANDV and its chart. I don't know how much influence he has, but it didn't hurt.
  • D
    Dennis
    Dennis
    $VLO conversation
    $VLO, $TSO, $MPC, $PSX – I accidentally deleted my post with last week's list of refinery closures. I apologize to those who had posted replies.
  • n
    ndle
    ndle
    I don't like the balance sheet after all. The debt ratio is too high for me to have the money in
  • b
    buysellman
    buysellman
    Why the big hit to the stock price yesterday?
  • M
    Miroslav
    Miroslav
    wow it will make $110 by dec 2017 i love it
  • D
    Dennis
    Dennis
    I accidentally deleted my post with last week's list of refinery closures. I apologize to those who had posted replies.
    This is the updated list as of Saturday. (This was originally a multiple post but I can't seem to remember the name change)
    Oil Factbox: Texas refineries, pipelines, ports continue post-Harvey recovery - Oil | Platts News Article & Story
    Oil Factbox: Texas refineries, pipelines, ports continue post-Harvey recovery - Read this Platts oil news article here. Plus discover more oil market news, products & services.
    www.platts.com
  • D
    Dennis
    Dennis
    $VLO conversation
    $VLO, $TSO, $MPC, $PSX – “ Strange days indeed”. Refining stocks are likely to perform well in the aftermath of Hurricane Harvey…but it is difficult to boast of potential profits under the circumstances. We are all saddened to see those who’s lives and families are threatened, those who have lost all their possessions, and those overwhelmed by stress and worry. Nevertheless, we invest for profit and we may get a boost over the next few weeks. I personally don’t know what to expect. Best wishes to all those with family living in the affected areas. Good luck to all
  • D
    Dennis
    Dennis
    In the wake of Hurricane Harvey, we are all saddened to see those who’s lives and families are threatened, those who have lost all their possessions, and those overwhelmed by stress and worry. Nevertheless, we invest for profit and we may get a boost over the next few weeks. I personally don’t know what to expect. Best wishes to all those with family living in the affected areas. Good luck to all

    .
  • D
    Dennis
    Dennis
    Crack spreads weakened last week but that does not explain the beating we've taken. I don't have an answer.
  • D
    Dennis
    Dennis
    Encouraging...
    U.S. Gasoline Demand At All-Time High | OilPrice.com
    United States gasoline demand has just hit a new all-time high, despite EV sales in the United States having tripled since 2012
    oilprice.com
  • D
    Dennis
    Dennis
    Rough close and early after-market activity. ANDV earnings are nowhere as bad as the headlines. Earnings of 40 cents increase to $1.96 with adjustments and supposedly beat expectations. Marketing and Logistics look good. Refining operating earnings declined from $525 to $45M but if you adjust for "Lower of Cost or Market" inventory adjustments in both years, refining is up significantly. Dividend increased to 59 cents. Conference call in the morning.
  • D
    Dennis
    Dennis
    This Conversations board now appears under both TSO and ANDV. I imagine that the TSO page will soon be deleted.
    More importantly, ANDV will report earnings on Tuesday after the close.
  • D
    Dennis
    Dennis
    ANDV is trading over $100 this morning. TSO stopped trading after Monday, July 31. ANDV is not yet on Yahoo Finance this morning.
    This is a great milestone -- the company took away some of the fun with the name change.
  • c
    ck56367
    ck56367
    Are there many still riding this out from the WNR buyout?
  • t
    tom
    tom
    WHATS. UP. I purchased TSO @39 and here we are wondering the name and number. Somebody, please enlighten me?
  • A
    Anonymous
    Anonymous

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  • D
    Dennis
    Dennis
    The following are the indicative regional crack spread indicators provided by Tesoro for
    Q2-17, Q1-17, and Q2-16, respectively. I do not believe they include any adjustments for the WNR refineries.

    California ____15.33___13.04 __14.62
    Pacific NW ___11.42___9.75___ 11.14
    Mid Con_____16.27___13.13___14.66
    Consolidated _ 14.70___12.40__ 13.93

    Based solely on indicative crack spreads, Q2 earnings look pretty good.
  • G
    GaryC
    GaryC
    Take the money and run, the inventory report will not be what we think.
  • D
    Dennis
    Dennis
    $VLO conversation
    $VLO, $TSO, $MPC, $PSX – Note that replies will appear on each refiner page.
    Refining is a horrible business. Managers buy and sell commodities having no control of prices at either end. To make matters worse, US refiners have historically bought oil from a global cartel that controlled product flow and fixed prices. They then sold fuel commodities into a highly competitive market, where competitors often overproduced and drove prices down to unprofitable levels. There were periods when margins (crack spreads) were exceptional, but these were driven by specific events and were generally unsustainable. It is no wonder that analysts have been less than generous with multiples and buy recommendations. Tightening crack spreads and uncertainty about future government actions -- including border adjustment taxes, renewable fuel requirements and RINs -- further hampers today’s valuations.
    I own shares of the four refiners noted above – I don’t think I’m crazy. Dividends are great and appear fully sustainable. Stock prices, for reasons noted above, are cheap. All four of these refiners are major players with ocean access. They are all dropping assets into MLPs and all trying to diversify by varying degrees.
    As an investor, I think that fracking and the growth of US oil production are the main reasons to be optimistic. These four refiners will have access to US produced oil through a growing network of pipelines, as well as access to foreign oil imports. The latter may be a significant advantage for two reasons: 1) I think foreign oil producers will no longer be able to fully control global production – there will be more competition and discounts; and 2) I think the proposed import tax (border adjustment tax) will never pass Congress.
    In the long term, low oil prices will slow the growth of alternative fuels and electric vehicles. The current administration should curb the growth of bio-fuel requirements by year-end. I don’t know if the RIN program will be modified – VLO, of the four names, would likely benefit the most if that happens.
    It is very possible that, in the next decade, electric vehicles use will grow in the US, while gasoline usage continues to grow worldwide. If this turns out to be true, export capabilities will play a big role in the future success of US refiners, especially if technology allows the US to be a low cost producer of oil.
    Well, that’s my unsolicited two cents on refiners. I welcome comments, questions, criticism etc.