New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 8, 2014
07:52 EDTALJ, DK, PBF, VLO, WNRRefiners 2014 EPS estimates raised at Wells Fargo
Wells Fargo significantly raised its 2014 EPS estimates for Alon USA (ALJ), PBF Energy (PBF), Valero (VLO), and Western Refining (WNR) . The firm thinks that the sector is benefiting from better crack spreads and refining utilization so far in Q2, while U.S. exports of refined products jumped 21% year-over-year last quarter. Wells keeps Outperform ratings on PBF and Valero, and Market Perform ratings on Alon USA and Western Refining.
News For ALJ;DK;PBF;VLO;WNR From The Last 14 Days
Check below for free stories on ALJ;DK;PBF;VLO;WNR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 17, 2014
08:56 EDTVLODarling Valero and Valero's Diamond Green Diesel facility restarting production
Subscribe for More Information
05:38 EDTWNRWestern Refining to acquire Wingate Plant, assets from ConocoPhillips
Western Refining (WNR) announced that it has entered into an agreement for the acquisition of the 25,000 bpd idled Wingate Fractionation Plant in Gallup, New Mexico from ConocoPhillips (COP). The Wingate facility includes rail loading and offloading capabilities and storage facilities in addition to natural gas liquids fractionation capability. The transaction is expected to close in early October. Terms of the transaction were not disclosed. Jeff Stevens, Western's president and CEO said, "The strategic location of the Wingate facility is a great addition to the logistical assets of Western. It is conveniently located near our Gallup Refinery. This transaction will afford Western greater flexibility in the Four Corners region as it will provide approximately 125,000 barrels of pipeline-connected seasonal NGL storage for our Gallup Refinery; crude oil loading and transportation capabilities, both east and west, through the rail loading terminal; and pipeline connectivity to Western Refining Logistics (WNRL) assets."
September 15, 2014
17:04 EDTPBFPBF Logistics announces first asset acquisition from PBF Energy
PBF Logistics LP (PBFX) and PBF Energy(PBF) announced that the Partnership has entered into an agreement to acquire the Delaware City Heavy Crude Unloading Rack from a subsidiary of PBF for total consideration of $150M. The purchase price payable to PBF will consist of cash of $135M and PBFX limited partner interests of $15M. The drop-down acquisition is expected to close on or about September 30. The asset to be acquired is the newly-commissioned West Rack collocated with PBF Energy’s Delaware City Refinery and will continue to support the refinery going forward. The West Rack is capable of unloading unit trains at a throughput rate of over 40,000 barrels per day. It is equipped with steam and nitrogen facilities to facilitate the unloading of heavy crude oil, primarily originating in Canada, delivered by rail. The West Rack is also capable of discharging light crude oil. Upon closing, the Partnership plans to enter into a seven-year term throughput agreement with subsidiaries of PBF Energy containing a minimum throughput volume commitment of 40,000 barrels per day. The West Rack is expected to contribute approximately $15M of EBITDA in its first full year of operation after the close. Annual maintenance capital expenditures are expected to be approximately $1.25M. The cash consideration for the transaction will be funded by the sale of $30M in U.S. Treasuries that were purchased with proceeds from the Partnership’s May 2014 initial public offering and $105M in borrowings under the Partnership’s revolving credit facility. The number of Partnership common units to be issued to PBF will be based on the volume-weighted average daily closing price for the Partnership’s common units for the preceding 20 trading days, ending two trading days prior to signing the definitive agreement for the acquisition. The terms of the transaction were approved by the Board of Directors of the general partner of the Partnership and its Conflicts Committee, which is composed of independent directors and was advised by Tudor, Pickering, Holt & Co., its financial advisor, and Vinson & Elkins LLP, its legal counsel.
16:00 EDTVLOOptions Update; September 15, 2014
iPath S&P 500 VIX Short-Term Futures up 73c to 29.34 Option volume leaders: AAPL TSLA NFLX BAC TWTR AMZN BP NFLX YHOO FB VLO according to Track Data.
September 10, 2014
17:11 EDTWNR, PBF, VLOVenezuela's PDVSA seeks Citgo bids in potential $10B deal, Reuters says
Subscribe for More Information
08:10 EDTALJAlon USA Energy receives approval for Bakersfield rail and refinery project
Subscribe for More Information
06:41 EDTWNR, VLO, PBFPDVSA aims for preliminary offers for Citgo by September-end, Reuters says
Subscribe for More Information
September 8, 2014
16:30 EDTDKD. E. Shaw & Co reports 5.0% passive stake in Delek US
08:39 EDTALJRail decision on Tuesday could add $7 to Alon USA Energy, says Credit Suisse
Credit Suisse said the Kern County Board will announce its decision on Alon USA Energy's Bakersfield project on Tuesday. The analyst believes this may add $7 per share when constructed, and could allow Alon USA Energy to launch its own MLP. Shares are Outperform rated with a $21 price target.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use