Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Tesoro Petroleum (TSO) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (6)	2/17/2000 2:42:00 PM
From: Kenneth Kirk	Read Replies (1) \| Respond to of 8

Per Anchorage Daily News: Tesoro is considering closing its Kenai AK refinery, which lost $3 mil last year. Decision to be made by April 30. They're also considering other cost-cutting measures as alternatives. CEO Bruce Smith also complained of the Alaska AG's investigation into possible price-fixing , which has cost TSO $2 mil for document production, attorneys, etc. So, this may be a ploy to get the AK AG to back off, since closing the refinery would cost 170 jobs in the Kenai area. My take: just political maneuvering.