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Recession-proof stock #2: Tesoro Corp. (TSO) |
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| Mar 28, 2009 05:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Oil, Stocks to Buy, Recession, Best Stocks for 2009
In 2008, oil refiners like Tesoro Corp. (NYSE: TSO) had trouble making money due to intense volatility of prices. This year, it's a different story. Refiners make money by buying crude, processing and then selling gasoline and other by-products. Continue reading Recession-proof stock #2: Tesoro Corp. (TSO) Recession-proof stock #2: Tesoro Corp. (TSO) originally appeared on BloggingStocks on Sat, 28 Mar 2009 12:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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Oil prices have dropped like a rock, and Americans are driving more as a result. So much for $4 gasoline changing the world. The green wave has run into a brick wall of lower crude prices.
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