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Stock Market & Financial Investment News

News Breaks
January 24, 2014
14:18 EDTTSO, AEGNAegion awarded maintenance contracts from Tesoro
Aegion (AEGN) announced that its subsidiary, Brinderson, L.P., has received a long term contract extension for work at the Los Angeles refinery operated by Tesoro Refining & Marketing Company (TSO). In addition, Tesoro renewed its contract with Brinderson for its Golden Eagle refinery in Martinez, California. The combined expected 2014 revenues, pending adherence to all performance and safety criteria per the contracts, are to be approximately $40M, with $20M of incremental revenue in 2014 to Brinderson.
News For AEGN;TSO From The Last 14 Days
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November 28, 2014
06:23 EDTTSOOPEC maintains production level to restore 'market equilibrium'
The Organization of the Petroleum Exporting Countries said in a press release following its meeting yesterday, "Recording its concern over the rapid decline in oil prices in recent months, the Conference concurred that stable oil prices at a level which did not affect global economic growth but which, at the same time, allowed producers to receive a decent income and to invest to meet future demand were vital for world economic wellbeing. Accordingly, in the interest of restoring market equilibrium, the Conference decided to maintain the production level of 30.0 mb/d, as was agreed in December 2011. As always, in taking this decision, Member Countries confirmed their readiness to respond to developments which could have an adverse impact on the maintenance of an orderly and balanced oil market." Publicly traded companies in the refining space include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Stocks globally are trading lower Friday following OPEC's decision.
November 25, 2014
14:54 EDTAEGNAegion management to meet with Craig-Hallum
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November 19, 2014
16:35 EDTTSOTesoro's Chair of the Board Steven Grapstein to step down at year-end
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November 18, 2014
06:31 EDTTSOTesoro coverage resumed with a Conviction Buy at Goldman
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