Tesoro to Acquire Strategic Logistics Assets in the Bakken
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Tesoro Petroleum (TSO) Sees Reporting Record Results in FY15; Guides for FY18 EBITDA of $3.5B - $4.0B
December 9, 2015 7:36 AM ESTTesoro Corporation (NYSE: TSO) will host its annual Analyst and Investor Day today to outline its strategic initiatives, growth plans and detailed financial objectives.
"Tesoro has a proven track record of delivering on our commitments. We are on track to report record results for 2015. Further, we expect $400 million to $500 million of business improvements in 2016," said Greg Goff, Tesoro Chairman, President and CEO. "By focusing on our strategic priorities, business improvements and growth in our logistics and marketing businesses, we expect to deliver $3.5 billion to $4.0 billion of... More
Tesoro Petroleum (TSO) to Acquire Great Northern Midstream
December 8, 2015 7:05 AM ESTTesoro Corporation (NYSE: TSO) ("Tesoro") has agreed to acquire Great Northern Midstream LLC ("Great Northern Midstream"), a crude oil logistics provider which owns and operates high-quality, recently constructed crude oil pipeline, gathering system, transportation, storage and rail loading facilities in the Williston Basin of North Dakota.
The transaction includes the 97-mile BakkenLink crude oil pipeline, which connects to several third-party gathering systems, as well as a proprietary 28-mile... More
