Tesoro Becomes the New King of the West
Tesoro soared 9.5% after putting together a deal that, if approved, will make it the largest refiner on the West Coast. The beauty of this transaction is in the details, like purchasing a 266,000-barrel-per-day refiner and more than 800 gas stations for $175 million. Better yet, this portion of the deal is expected to boost Tesoro's EBITDA by one-third in 2013. The company also expects savings of $250 million through synergies between the new assets and the company's current operations. Check out the following video for more details on Tesoro's new gold mine.
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The article Tesoro Becomes the New King of the West originally appeared on Fool.com.Joel South has no positions in the stocks mentioned above. The Motley Fool owns shares of Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.