The San Antonio, Texas-based independent refiner will scoop up its across-the-state competitor by exchanging $4.1 billion worth of its shares and picking up $1.7 billion worth of debt.
Even the Oracle of Omaha can change his mind: Warren Buffett's conglomerate has moved back into airline stocks, with stakes in American, United Continental and Delta. Plus, what Cramer thinks.
Renewable energy players took a beating in pre-market trading Wednesday, while fossil fuels focused companies, which are not expected to be widely affected by a Trump presidency, were also slipping.
The S&P 500's Monday morning gains did not skip over oil and gas stocks, as Hillary Clinton's pragmatism might be just what the doctor ordered for a rebounding energy sector.