Biotech Stock TESARO (TSRO) Falls Sharply But Major Level Emerges

Shares of TESARO Inc (NASDAQ:TSRO) fell nearly 10% on the first trading day of 2018 after some bearish chatter. The stock has fallen from nearly $200 in early 2017 to its current price point of $75.00. However, I am putting this on my Buyers Watch List because of a major support level between $66.00 and $65.00. At this current rate of decline, TESARO Inc could hit this target by level within a week. I want to be ready to buy. The buy level comes from dual major pivot highs from 2015. There will likely be a major bounce from this level, possible 30-50%. A target of $100 is not outlandish.





Gareth Soloway
InTheMoneyStocks

What else are you watching or invested in?

Thank you much for your feedback. I like this one long term as well.

Koch refinery? Did that deal go through? The recent acquisition of WNR gives TSO the St. Paul Park refinery that was an independent MLP (NTI) for a couple years during the Bakken boom. Lots of retail and vertical integration was included.

The Flint hills Koch refinery is the only other Mn refinery and is a lot larger than the St. Paul Park one. The two also share the Mn pipeline coming from Clearbrook in NW Mn and its Bakken/Canada connected Enbridge line.

TSO is taking advantage of some great opportunities in their sector. In a wait and see decision I took shares of WNR and now TSO hoping fair value would happen. The refinery did very well as an MLP, and now will bring lots of new cash flow to TSO. $100 is just a stepping stone, imo, as energy gets back on track and US rigs return to action. GLTA!
-pete

FWIW - (1 more chart) : Next Stop 95


It's funny how TA-based Goldmans price target seems.....( 121 ???)....ha


I betcha it'll pause greatly at 95 - Goldmans never mentioned THAT...did they ?

Look at that eh ?.....


One can see what its' done (it's ripped up on out of that 93.06)


Got any CANADIAN stocks I should track ?


Wow they acquired old Western Refiners ?....
That's a name I haven't heard of for quite a long while

Tesoro +2% as Goldman adds to Conviction Buy List

Tesoro (TSO +2.4%) is higher after Goldman Sachs adds the stock to its Conviction Buy List with a $121 price target, saying it remains undervalued and can generate solid cash flow.

The firm says TSO's acquisition of Western Refining could drive earnings improvement from "better Permian crude access, higher product pricing and $100M-$125M in cost reductions."

To reach the six-month $121 price target, Goldman estimates $55 of value comes from retail and marketing, $48 comes from logistics and TLLP, while marketing provides a source of constant cash flow and logistics generates $11/share.

Whoops here's a post which was meant for you Envestor, although Lone Star just reminded me of Pengrowth, so thanks !....Looks like you both are well attuned to the Oils

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132128249


3:00am pacific eh ?.....So am heading back to bed....ha



.

Nice lookin' chart man (TSO)....

Saw you on Enbridge thread, (Envestor)
Subscribing 'cause it looks like you've got good sector news (tho all's I can trade in is Canadian stuff).....

Telleride down 12 % today.........(Enbridge 2.1)

Market is not doing well for downstream. Going to be interesting to see what they do next. Lower oil prices should have a positive effect but will that hold?

Tesoro upped to Buy at Deutsche Bank, shares +2.3%

Tesoro (TSO +2.3%) climbs to three-month highs as Deutsche Bank upgrades shares to Buy from Hold with a $106 price target.

Despite the continued headwinds for the group, Deutsche Bank sees TSO as relatively well positioned, with one of the largest sum of the parts discounts of the peer group with potential 28% upside to SOTP vs. 13% for peers.

The firm also sees multiple catalysts that should provide an opportunity to narrow the discount, including the combination with Tesoro Logistics and Western Refining, IDR restructuring, a $2B buyback program and portfolio optimization, while minimal RINs exposure mitigates risk.

Tesoro, Tesoro Logistics to change their names

Tesoro (TSO -0.3%) and Tesoro Logistics (TLLP +0.6%) say they will change their names to Andeavor and Andeavor Logistics LP, respectively, changes TSO says reflect its ongoing transformation.

The combined company will officially take the new name, along with new logos and new stock tickers - ANDV for Andeavor and ANDX for the logistics company, respectively - on Aug. 1; the new name will not extend to the company's retail locations, which will continue to carry the Tesoro brand.

TSO will close on its $6.4B acquisition of Western Refining by market close today, giving it a combined 1.1M barrels of refining capacity, more than 3K retail stations and 13K employees.

Morgan Stanley swaps Tesoro for Valero in cautious view on refiners

Tesoro (TSO +0.6%) is upgraded to Overweight from Equal Weight with a $110 price target, raised from $100, at Morgan Stanley, which sees downside risk to U.S. refining margins heading into the summer and as much as 25% negative earnings revisions in Q2.

The firm notes global turnarounds are exiting peak maintenance activity, with ~2M bbl/day of refining capacity coming back online by the end of June, "driving greater risk of an oversupplied domestic market."

Stanley seeks to boost exposure to non-refining earnings and valuation upside by switching between two San Antonio-based refiners, upgrading TSO while downgrading Valero (VLO -1.1%) to Equal Weight and cutting its price target to $70 from $77.

On TSO, Stanley points to several catalysts including its acquisition of Western Refining, which should diversify the company's growth opportunities, and it expects TSO to outperform in its next earnings report and boost its stock price with a planned share buyback strategy in H2 of this year.

Tesoro (TSO -1.5%) is lower after Credit Suisse downgrades shares to Neutral from Outperform with a $93 price target, cut from $110, one of five refiners the firm downgrades as it says it does not want to chase relative valuation as refiners rebalance.

STATE STREET CORP has filed a new 13G, reporting 8.21% ownership in $TSO - https://fintel.io/soh/us/tso/state-street

STATE STREET CORP has filed a new 13G, reporting 8.21% ownership in $TSO - https://fintel.io/soh/us/tso/state-street

buy buy buy right now....before earnings after the market close

Tesoro (NYSE:TSO) said that it has agreed to purchase marketing and logistics assets of Flint Hills Resources, a subsidiary of Koch Industries, for an unspecified sum.

The deal includes all FHR wholesale marketing contracts in Alaska, an anchorage terminal with 580,000 barrels of storage capacity, an airport terminal with 22,500 barrels of jet fuel storage and a multi-year terminaling agreement related to the North Pole terminal.

Tesoro (TSO -1.9%) is lower as shares are downgraded to Sector Perform from Sector Outperform at Scotia Howard Weil, although the price target is raised by $3 to $114, as the firm says it is becoming concerned that investors are growing complacent with a West Coast margin environment well above mid-cycle levels.

Reuters: Tesoro held unsuccessful talks to buy HollyFrontier
http://www.seekingalpha.com/news/2676295

The latest delay in a detailed government review of Tesoro's (NYSE:TSO) proposed $210M Port of Vancouver railport project in Washington state means a final decision will be pushed into 2016, Reuters reports, citing a state council's published schedule.

$TSO State decides zoning is appropriate for oil terminal at Port of Vancouver. Expected to outperform.

Refining Outlook: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95246180

TSO is considering a new 63kb/d crude pipeline in Alaska to help feed ANS to its 72kb/d refinery in Kenai. Currently this refinery receives its crude by tanker and barge.

TSO is partnering with Cook Inlet Energy on the project. The pipeline would cost US$50m to build and come into service in mid to late 2014.

Assuming a 50% EBITDA margin, the pipeline tariff would likely be in the US$0.50-0.60/bbl range.

This pipeline would likely reduce transportation costs for the refinery while freeing up Jones Act shipping capacity at the same time.

In addition, TSO could drop the pipeline into its midstream MLP, Tesoro Logistics.

It is very strong already. The higher the stock runs the weaker things appear imo. Still has great growth and value here to some.

I believe TSO can quickly return its balance sheet to a position of strength by mid-2014.

Our modelling suggests that TSO could potentially lower its net debt/capitalization from 32% following the 2Q13 acquisition to under 10% within a year by 2Q14.

The velocity of balance sheet improvement following a US$1.0+bn acquisition may be unprecedented within the domestic refining industry.

The US$1.29bn of total proceeds from the sale of the Los Angeles logistics assets implies that TSO will make approximately US$215m on the US$1.075bn Carson acquisition.

I regard the Carson refinery as the highest quality system within the Los Angeles refining center, thus the deal could go down as one of the best acquisitions in US refining history considering that TSO will be paid to take the assets.

Q2 call highlights

The year-over-year increase in throughput is attributable primarily to the addition of a Carson refinery on June 1st
http://www.earningsimpact.com/Transcript/82648/TSO/Q2-2013-Earnings-Call

$TSO - Another 16 % gain since it was called out again here as a buy. Mid to long term is very bullish.

$TSO - Another 16 % gain since it was called out again here as a buy. Mid to long term is very bullish.

$TSO - Another 16 % gain since it was called out again here as a buy. Mid to long term is very bullish.

39% gain since I called this buy in October 2012. Continued upside anticipated.

12-month price target: US$72.00

Catalyst: 2Q13 fundamentals trends, FTC decision on the Carson acquisition.

I find it very bullish, TSO based on exposure to many positive catalysts ahead. Valuation remains attractive with shares trading at EV/EBITDA of 3.5x and 2.8x on our 2013-14 estimates, respectively.

Tesoro reported adjusted 1Q13 EPS of US$0.73, in line with our US$0.73 estimate. TSO’s Mid-Continent system showed its strength again by contributing 47% of total refining segment operating income.

Tesoro has a recent closing price of $43.24 off a 52-week range of $18.90-$44.73. Earnings per share are at $4.65 with a PE Ratio at 9.3. It pays a $0.12 quarterly dividend, which with the steep runup lately yields only a 1.09% yield. It has a current ratio of 1.28 and this has been widening over the last year as the company has further solidified its finances.

The company runs seven refineries in the Western United States and is in the process of buying another refinery from BP (BP). Tesoro's earnings have been all over the park, in part because of its heavy investment in new refineries and equipment upgrades. Tesoro has some key elements of its refinery capacity located in well positioned areas like Utah, North Dakota and Washington State so it has good opportunities to take advantage of market imbalances. It is larger than the first few refining stocks on this screen (from a refining capacity basis), so those advantages will be somewhat diluted.

Tesoro is a good buy, however, it may take it a little longer to show positive earnings growth as it continues to work through its maintenance program and digests the BP purchase. It might be better to put this issue on your watch list and purchase it on dips.

TSO is doing wonderfully. I have a feeling many of the big caps are going much much higher...

Looks like TSO is on track.

~ $TSO ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $TSO ~ Earnings expected on Thursday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=TSO&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=TSO&p=W&b=3&g=0&id=p54550695994



~ Barchart: http://barchart.com/quotes/stocks/TSO?
~ OTC Markets: http://www.otcmarkets.com/stock/TSO/company-info
~ Google Finance: http://www.google.com/finance?q=TSO
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=TSO#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=TSO+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=TSO
Finviz: http://finviz.com/quote.ashx?t=TSO
~ BusyStock: http://busystock.com/i.php?s=TSO&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=TSO&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=TSO
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=TSO
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=TSO
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=TSO
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=TSO
~ MarketWatch: http://www.marketwatch.com/investing/stock/TSO/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=TSO
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=TSO
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=TSO&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=TSO&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=TSO&size=l&frequency=60&color=g


http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Some more recent information on TSO in case you're interested...

If that's the case, then what is the new Shell refinery planning on using? If they use WTI then WTI will be in demand more and the gap closing.... (so Tesoro may not benefit as much as Gilman on Bloomberg TV today thought).

Gilman thinks that Tesoro will bring back the cash dividend soon as long as the difference in WTI and Brent continues which he thinks will be for a long time (since they have to come up with a way to move WTI to the East Coast cheaply where there is a need for it, but the Gulf region wants heavyer oil - but evendently not Tesoro).

Textbook inverse head and shoulders pattern in TSO confirmed today. http://www.shareplanner.com/photos/ryanmallory/photo.html?albumid=24#photoid=282

Here is a little TSO analysis/update.

You still holding?

Macquarie boosted Tesoro (TSO) to Outperform and raised its target to $20 from $15, after having downgraded the petroleum company in October. Morgan Stanley upped its rating to Overweight and its target to $21 from $15.

I'm in.

Now u buy

Buyyyy...this is entry price..

at this moment is trading at 13.33 This is a very goog price to step in..

short time objective 14.5

is looking really good at this moment

TSO posts 3rd Quarter Results:

http://ih.advfn.com/p.php?pid=nmona&article=40270226&symbol=TSO

THAT'S AWESOME BOBBY!...

I knew you could do it...I looked at your board, and...

CONGRATULATIONS!!! ;^)))

Already made the challenge a reality. I turned $2,500 into $25,000 in less than a year. In fact, the portfolio sits around $40K so far. Check out my board for the trades if you wish:

http://investorshub.advfn.com/boards/board.aspx?board_id=14762

Thanks! Bobby...

It's great to be back in the market...I missed a lot of the upside, but maybe my timing is good for going Short for a while ;^))

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40344221

How's your portfolio advancing?...Are you going to make it up to $25K this year like you are hoping to?...And I've been following your posts on DNAB when I had time...That one is looking better every day...I may just have to pull the trigger on that one if I can shake loose some shares...lol