Tesoro Corporation's TSO new CEO Greg Goff recently had a meet-and-greet dinner with sell side analysts. Tesoro is a petroleum refiner that operates seven refineries in the western United States.
According to Deutsche Bank analysts, Greg Goff has "already identified areas of cost structure to directly address on the July 2Q results call with impact this year." The analysts opined that the speed of action exhibited by Greg Goff was unexpected.
Goff also mentioned that the Anacortes tragedy was dealt with 'extraordinarily well' by previous management. An explosion and fire killed 7 employees on April 2nd at Tesoro's Anacortes, WA refinery.
Deutsche Bank rates TSO Hold, with a price target of $15.00. TSO is currently trading at $12.32.
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