AOL Money & Finance

refiner posts

Feed

Option update: Tesoro volatility elevated at 96; oil trades below $134

Posted Jul 16th 2008 1:02PM by Paul Foster (RSS feed)
Filed under: Options, Oil

Tesoro Corp. (NYSE: TSO), a petroleum refiner, is recently up 94 cents to $17.04. Crude oil futures are recently down 3.45% to $133.96 according to Bloomberg.

TSO call option volume of 15,013 contracts compares to put volume of 4,461 contracts. TSO August option implied volatility of 96 is above its 26-week average of 62 according to Track Data, suggesting larger price fluctuations.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Israel oil refiner Delek US looking slick

Posted Dec 19th 2007 4:18PM by Zack Miller (RSS feed)
Filed under: Oil, Stocks to Buy, Israel

Israeli oil refiner, Delek US (NYSE: DK) has been on a tear these past couple days. Oil refiner in Israel? Well, as the joke goes, Moses didn't actually make the wrong turn at the Red Sea. Well, kind of...

Delek US is actually the U.S. arm of an Israeli conglomerate operating in three segments: refining, marketing and retail. The refining business runs at a distillation rate of 60,000 barrels per day. Delek's marketing segment sells refined products on a wholesale basis in west Texas. Its retail segment sells gas as well as operates convenience stores through a network of over 400 company-operated retail fuel and convenience stores.

Citigroup upgraded Delek US earlier this week, pushing the shares up about 10%. Looking under the hood of the upgrade, the Citigroup analyst cited in a note early this week a recently disclosed acquisition of a 34.6% equity stake in Lion Oil toward the end of the third quarter. As the public learns more about Delek's plans, we may see this position serve as a catalyst for the shares in the next couple of quarters.

Continue reading Israel oil refiner Delek US looking slick

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 27, 2009: 08:53 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

Most Commented On (14 days)

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

  • My Portfolio
  • Create a New Portfolio

BloggingStocks Partners

More from AOL Money & Finance