We are maintaining a Neutral recommendation on Tesoro Corporation (NYSE:TSO), based on the company’s strategic initiatives, acquisitions and investment programs, partially offset by the volatility of the refining business and weak product demand.
San Antonio, Texas-based Tesoro is an independent refiner and marketer of refined petroleum products in the western U.S. The company operates in two segments: Refining (accounted for 93% of the company’s total 2011 operating income) and Retail … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards