ANDV - Andeavor

This is a discussion on ANDV - Andeavor within the Stocks forums, part of the Markets category; Andeavor, formerly known as Tesoro Corporation, or simply as Tesoro, is a Fortune 100 and a Fortune Global 500 company ...

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Old May 9, 2018, 2:14pm   #1
Joined Mar 2018
ANDV - Andeavor

Andeavor, formerly known as Tesoro Corporation, or simply as Tesoro, is a Fortune 100 and a Fortune Global 500 company headquartered in Texas at San Antonio, with 2013 annual revenues of $37 billion, and over 13,000 employees worldwide.

ANDV reported better than expected Q1 earnings.

Revenues rose 55% year-over-year to the north of $10.3B.
The operating income increased to $205 million vs. $34 million a year ago.
Marketing segment operating earnings slipped to $128 million from $133 million.

Marathon Petroleum has agreed to buy all the outstanding Andeavor shares, valued $23.3 billion. The deal also assumes Andeavor's debt, thus pushing the total value of the transaction to $35.6 billion.

However, Morgan Stanley downgrade to Equal Weight (from Overweight) because ANDV did not mean its expectation.

How do you think about ANDV?
KyleLennon is offline   Reply With Quote
Old May 9, 2018, 5:34pm   #2
Joined Mar 2018
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Originally Posted by KyleLennon View Post
Andeavor, formerly known as Tesoro Corporation, or simply as Tesoro, is a Fortune 100 and a Fortune Global 500 company headquartered in Texas at San Antonio, with 2013 annual revenues of $37 billion, and over 13,000 employees worldwide.

ANDV reported better than expected Q1 earnings.

Revenues rose 55% year-over-year to the north of $10.3B.
The operating income increased to $205 million vs. $34 million a year ago.
Marketing segment operating earnings slipped to $128 million from $133 million.

Marathon Petroleum has agreed to buy all the outstanding Andeavor shares, valued $23.3 billion. The deal also assumes Andeavor's debt, thus pushing the total value of the transaction to $35.6 billion.

However, Morgan Stanley downgrade to Equal Weight (from Overweight) because ANDV did not mean its expectation.

How do you think about ANDV?
IMHO- Don't load yourself down with all that mindless smoke and mirror's info of what companies put out in news and news press release's.

Do a plan and simple follow the trend line and you WILL know what to do.
http://www.trade2win.com/boards/tech...ml#post2592986
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Old May 9, 2018, 5:50pm   #3
Joined Mar 2018
ANDV is forming a Ascending Triangle on the daily and inter-day charts of 4 hour, 2 hour and 1 hour. When ever a stock gaps up like it did on 4-30 18 there will usually be some profit taking (consolidation). Then the uptrend most of the time will continue .

Click the image to open in full size.

Last edited by Mactheriverrat; May 9, 2018 at 6:13pm.
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Old May 10, 2018, 2:29pm   #4
Joined Mar 2018
KyleLennon started this thread
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Originally Posted by Mactheriverrat View Post
IMHO- Don't load yourself down with all that mindless smoke and mirror's info of what companies put out in news and news press release's.

Do a plan and simple follow the trend line and you WILL know what to do.
http://www.trade2win.com/boards/tech...ml#post2592986
KyleLennon is offline   Reply With Quote
Thanks! The following members like this post: Mactheriverrat
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