Tesoro Becomes the New King of the West

Tesoro soared 9.5% after putting together a deal that, if approved, will make it the largest refiner on the West Coast. The beauty of this transaction is in the details, like purchasing a 266,000-barrel-per-day refiner and more than 800 gas stations for $175 million. Better yet, this portion of the deal is expected to boost Tesoro's EBITDA by one-third in 2013. The company also expects savings of $250 million through synergies between the new assets and the company's current operations. Check out the following video for more details on Tesoro’s new gold mine.

Tesoro put together a deal giving the company assets that will bring long-term gains and extensive wealth. Conversely, we all would like to build long-term wealth and retire well. In our free report "3 Stocks That Will Help You Retire Rich," we reveal some stocks that could help you, as well as offer some winning wealth-building strategies. Click here to keep reading.