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January 9, 2014
07:37 EDTTSO, NTI, DK, WNR, PSX, MPC, CVI, VLO, PBF, HFC, CLMT, ALJDeutsche Bank to host a conference
U.S. Independent Refiners Conference is being held in Boston on January 9.
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January 30, 2015
09:16 EDTVLOValero price target raised to $60 from $47 at RBC Capital
RBC Capital hiked its price target on Valero as the firm thinks that the company's accelerated dropdown strategy is prudent, due to its strong balance sheet. The firm keeps an Outperform rating.
08:29 EDTCLMTCalumet Specialty Products management to meet with JPMorgan
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January 29, 2015
11:40 EDTVLOStocks with call strike movement; VLO COP
Valero (VLO) June 60 call option implied volatility increased 5% to 32, ConocoPhillips (COP) May 70 call option implied volatility increased 6% to 29 according to IVolatility.
08:04 EDTPSXPhillips 66 says two Midstream projects on budget and on schedule
Phillips 66 said that in Midstream, the 100,000 BPD Sweeny Fractionator One is more than 50% complete, with startup planned in the second half of 2015. Construction is also progressing on the 4.4 million-barrel-per-month Freeport LPG Export Terminal, with completion expected in the second half of 2016. Both projects remain on budget and on schedule. Phillips 66 Partners formed two joint ventures to develop the Palermo Rail Terminal and the Sacagawea Pipeline in North Dakota. The Palermo Rail Terminal is a crude oil rail-loading facility currently under construction. The terminal is anticipated to include a pipeline connection to the Sacagawea Pipeline, allowing increased outbound capacity and market access for oil producers and marketers in the Bakken region. In Chemicals, CPChem is investing in domestic growth projects to capture the benefits of low-cost petrochemical feedstocks on the U.S. Gulf Coast. During the quarter, CPChem completed the expansion of ethylene production at its Sweeny facility with the addition of a tenth furnace, which is expected to increase its annual production by 200M pounds. An expansion project is underway to increase CPChem's normal alpha olefin capacity by 220M pounds per year at its Cedar Bayou facility, with estimated completion in mid-2015. Lastly, construction continued on its world-scale USGC Petrochemicals Project with startup anticipated in mid-2017.
08:02 EDTPSXPhillips 66 reports Q4 adjusted EPS $1.63, consensus $1.37
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07:46 EDTVLOValero sees 2016 CapEx $2.4B
2016 CapEx view includes $1.4B for stay-in-business capital and $1B for growth investment, and excludes $300M for a St. Charles methanol project that remains under evaluation.
07:45 EDTVLOValero sees 2015 CapEx $2.65B
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07:43 EDTVLOValero reports Q4 adjusted EPS $1.83, consensus $1.33
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07:31 EDTPBFPBF Energy to record non-cash charge of $650M-$750M for 2014
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January 28, 2015
15:38 EDTPSX, VLONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.
09:59 EDTTSOOn The Fly: Analyst Downgrade Summary
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06:10 EDTTSOTesoro downgraded to Neutral from Buy at Citigroup
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January 26, 2015
17:06 EDTNTINorthern Tier announces appointment of Karen Davis as executive VP, CFO
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16:49 EDTNTIWestern Refining Logistics CFO Karen Davis leaving to join Northern Tier GP
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January 23, 2015
13:41 EDTVLOValero increases quarterly dividend by 45%
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January 22, 2015
16:36 EDTWNRD. E. Shaw & Co reports 5.0% passive stake in Western Refining
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12:48 EDTCVICarl Icahn believes oil prices will go lower
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January 21, 2015
07:14 EDTVLO, MPC, HFCCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuela’s Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 18, 2015
16:39 EDTPSXPhillips 66 could jump 50%, Barron's says
Phillips 66 shares could jump 50% after the company's restructuring, Barron's contends in a feature article. Despite falling revenues, EPS should rise, driven by lower oil costs and share repurchases, the paper adds. Reference Link

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