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Load up on Tesoro (TSO) while the gettin’s good

Today's Financial News - Posted July 23, 2008

Load up on Tesoro (TSO) while the gettins good

Baltimore— (TFN): Thanks to high crude oil prices, refiners have been taking it on the chin of late. Tesoro Corporation (TSO:NYSE) hit a 52-week low last week and is oh-so-slowly recovering as oil prices retreat.

Tesoro has seven refineries in the U.S. It owns and operates gas stations and convenience stores in 17 states. It produces and markets gasoline, jet fuel, diesel fuel and heavy fuel.

Its stock price is around $16.60 as I type — this with a 52-week high of $65.98!

I don’t see this stock price going and further down so I recommend you take the opportunity to pick up shares of Tesoro Corporation (TSO:NYSE) at or below $17.50. 

 
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Posted by Laura Cadden · Filed Under Editor's Pic 

Comments

2 Responses to “Load up on Tesoro (TSO) while the gettin’s good”

  • tfn Says:
    July 24th, 2008 at 10:26 am

    Hello tduggan:
    We triangulated crude oil prices in relation to refinery stock prices and for Tesoro, our calculations placed the recommended entry price to be at current levels. How are you assessing the stock?

  • t duggan Says:
    July 24th, 2008 at 12:13 am

    laura, other than high and low what are you basing your entry point on? i agree interested in your point view

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