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November 13, 2012
10:00 EDTBRFS, SCOR, RGP, LL, PACD, WLK, MCP, CJES, TRNX, SYUT, LYBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: C&J Energy (CJES) downgraded to Neutral from Overweight at JPMorgan... Lumber Liquidators (LL) downgraded to Sell from Hold at Stifel Nicolaus... LyondellBasell (LYB) downgraded to Neutral from Buy at Goldman... Molycorp (MCP) downgraded to Equal Weight from Overweight at Morgan Stanley... Regency Energy Partners (RGP) downgraded to Equal Weight from Overweight at Barclays... Synutra (SYUT) downgraded to Perform from Outperform at Oppenheimer... Westlake Chemical (WLK) downgraded to Neutral from Conviction Buy at Goldman... comScore (SCOR) downgraded to Underperform from Market Perform at Raymond James... Tornier (TRNX) downgraded to Underperform from Market Perform at Northland Securities... Pacific Drilling (PACD) downgraded to Neutral from Buy at Guggenheim... BRF Brasil Foods (BRFS) downgraded to Hold from Buy at Miller Tabak.
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July 28, 2015
17:00 EDTWLKWestlake Chemical Partners criticizes proposed MLP regulations
Westlake Chemical Partners (WLKP) submitted comments in response to the proposed regulations that were issued on May 5 by the Internal Revenue Service and the U.S. Department of Treasury concerning section 7704d1E of the Internal Revenue Code. In conjunction with filing its comments, Westlake Chemical Partners said, "The proposed regulations effectively revoke a previously issued private letter ruling by the IRS, which served as the underlying basis for the decision to form WLKP as a master limited partnership in 2014. Westlake Chemical Partners believes this reversal, even with a ten-year transition period, is unfair to our unitholders and sends an unfortunate message to investors and businesses that they cannot rely on IRS rulings. Additionally, this proposed ruling has already had a significant negative impact on the market value of both WLKP and Westlake Chemical (WLK)."
07:05 EDTLYBLyondellBasell says Q3 outlook for portfolio remains positive
LyondellBasell said, "The outlook for the third quarter remains positive for our portfolio. Natural gas and NGL remain well supplied and favorably priced. Significant global olefin and polyolefin supply shortages are starting to rebalance as supply returns to the market, but balances have remained favorable through July. Late in the third quarter, we will begin planned outages at two of our Intermediate and Derivatives production sites and at one European olefins plant."
07:04 EDTLYBLyondellBasell reports Q2 EPS $2.81, consensus $2.70
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July 27, 2015
15:03 EDTLYBNotable companies reporting before tomorrow's open
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08:01 EDTLYBLyondellBasell declares 78c interim dividend
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July 23, 2015
06:58 EDTPACDPacific Drilling raises FY15 average revenue efficiency to 94%-96% from 92%-96%
Cuts FY15 contract drilling expenses to $425M-$450M from $500M-$525M. Cuts FY15 G&A expenses to $55M-$58M from $63M-$66M. Cuts FY15 income tax expense as percent of drilling contract drilling revenue to 3%-3.5% from 3.5%-4%. Sees FY15 EBITDA $575M-$615M. Comments taken from slides for July Company Update.
July 17, 2015
16:55 EDTCJESC&J Energy announces filing of shelf registration statements
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