Buy TSO When Its Stock is Under 52 Weeks Low

Tesoro Corp engages in refining and retail of petroleum products and now, its stock price is at lowest level since 2006. Tesoro is operating 7 refineries with a combined capacity of approximately 658,000 barrels per day and its retail-marketing system included 911 branded retail stations operated under the brands Tesoro, Shell, Mirastar, and USA Gasoline.



Andrew Wilkinson-Seeking Alpha wrote:
Call volume and volatility in oil refiner Tesoro shot sharply higher, one day after Bloomberg news revealed that insider buying in refinery stock had reached a 8-year high on speculation of an imminent pullback in oil prices – and perhaps goaded on by continuing revelations on Capitol Hill about the antagonistic effect of speculation on gas prices.


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This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

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Gasoline Likely to Remain Above $4 Despite Saudi Oil Pledge

This is an interesting stuff from Yahoo Finance:

Gasoline Likely to Remain Above $4 Despite Saudi Oil Pledge

Posted Jun 23, 2008 02:50pm EDT by Aaron Task in Investing, Commodities

Related: RDS-A, XOM, COP, OIL, USO, DUG, CVX

The much ballyhooed Saudi oil summit came and went this weekend with a pledge from the hosts to increase daily production by 200,000 barrels, which just isn't enough supply to bring prices lower. (Notably, 200,00 barrels is the same amount as production lost at a Shell installation in Nigeria after rebel attacks last week.)

This weekend also brought a Barron's cover story declaring oil to be in a bubble that's ready to pop.

After an overnight rally in London, oil prices were recently declining in New York as the dollar rallied - a stronger dollar being just one factor Barron's cited as a possible killer of the oil boom. But for me, the story recalls the old saying: "If 'ifs' and 'buts' were candy and nuts, everyday would be Christmas."

Also, bubbles rarely peak when 'everyone' is calling for their demise, as Henry and I discuss in the accompanying video. When reading and hearing the chatter about the "oil bubble" about to pop, consider another old saying: "Markets can stay irrational longer than you can stay solvent," as was the case with tech stocks in the 1990s or housing earlier this decade.

Finally, $100 oil isn't exactly cheap, as Barron's concedes. With all the talk about speculation driving the market and politicians recommending all sorts of bizarre and anti-market "solutions," the bottom line is still the bottom line: Oil supply is not keeping up with demand and no amount of rhetoric from OPEC or U.S. officials can change that fundamental truth.

Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

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Please, cite the actual/original source. I would be grateful if you could link back.

I Won on Bunge (BG)

I wrote short Bunge Stock on last friday (see) and then Bunge dropped -13 point yesterday.


Symmetrical Continuation Triangle has been broken by a Huge Volume.

Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

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TAMM Oil and Gas Corp. (TAMO) Breaks Out ! It's a Buy

Yesterday, TAMO Stock was opened with a gap up and broke out its symmetrical continuation triangle. This breaking has been confirmed by a huge volume.




This is the news:

TAMM Oil and Gas Corp. Receives Updated Report with 2.33 Billion Barrels Original Total Heavy Oil in Place

Press Release, Monday June 23, 12:01 am ET

CALGARY, Alberta, June 23 /PRNewswire-FirstCall/ -- TAMM Oil and Gas Corp. ("TAMM") (OTC Bulletin Board: TAMO - News) announces that they have received an updated report from Chapman Petroleum Engineering Ltd. ("Chapman"), a petroleum engineering firm based in Calgary, Alberta that was commissioned by TAMM to issue a report for the determination of heavy oil in place for 35 sections of land for which TAMM has a 100% working interest. This report was issued to include the recent purchase of 14 sections of Petroleum and Natural Gas (P&NG) leases that TAMM purchased at an Alberta Crown sale. These 14 sections are adjacent to the 21 sections of Oil Sands leases that the corporation already holds.

With the new acquisition included, Chapman determined that the Mississippian-aged Lower Debolt and Elkton member zones for our 35 sections of land contain 2.33 billion barrels of original total heavy oil in place.

TAMM management plans to integrate these new lands into a program -- consisting of drilling, coring, and testing for primary production. This exploration program is currently planned for four to six wells for execution in the upcoming winter drilling season.

Please visit TAMM Oil and Gas Corp.'s website at http://www.tammoilandgas.com for more information on our holdings and operations.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS AND RISKS

Some of the statements in this press release are forward-looking statements and are based on current expectations, assumptions, and estimates. Words and phrases such as "believes", "expect", "anticipate", are intended to identify forward looking statements. Forward-looking statements carry certain risks regarding an assumed set of economic conditions and courses of action, including: (a) whether we will have sufficient financial resources to continue to meet our operational goals and future plans; and (b) the Report and its findings were not necessarily prepared in conformity with SEC disclosure principals or guidelines. There is a significant risk that actual material results will vary from projected results. No information provided in this press release should be construed as a representation or indication in any manner whatsoever of the present or future value of the Company or its common stock. Readers of information contained in this press release should carefully review the Company's filings with the Securities and Exchange Commission that contain important information regarding the Company's financial results, its future plans, and their limitations, and the risks involved with the Company's operations. The Company disclaims any responsibility to update forward looking statements made herein.

Source: TAMM Oil and Gas Corp.


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Total Write-offs Stemming from the Credit Crisis may Total $1.3 Trillion

John Paulson, a top-earning hedge fund manager in 2007, observed, “We’re only about a third of the way through the writedowns,” adding, “There are a lot of problems out there and it will continue to be felt through the year. We don’t see any signs of stabilizing.” Paulson predicts that total write-offs stemming from the credit crisis may total $1.3 trillion. A recent report by the IMF echoed these sentiments, noting that the US economy would likely “stagnate” despite tax rebates and low interest rates.

Source: US: Bear Stearns hedge fund managers indicted

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