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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:18 EDTTRP, NSH, KMI, CNQ, PSX, NS, ETP, WFT, PAA, LNG, EPDMitsubishi UFJ to hold a conference
Oil & Gas Conference to be held in New York on May 14.
News For CNQ;EPD;ETP;KMI;LNG;NS;NSH;PAA;PSX;TRP;WFT From The Last 14 Days
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May 27, 2015
06:18 EDTPSXOppenheimer upgrades refiners on favorable fundamentals
Oppenheimer upgraded to Outperform from Perform shares of HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX) and Tesoro (TSO) saying favorable industry fundamentals will continue to support higher valuations. Wide crude differential, low natural gas prices, growing refined product exports and improved petroleum demand should drive shares of refiners higher, Opco tells investors in a research note. The firm also raised its price target for Outperform rated Valero (VLO) to $70 from $65.
06:13 EDTPSXPhillips 66 upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Phillips 66 and other names in the Refining space saying favorable industry fundamentals will support higher valuations. The firm has a $95 price target for shares.
05:31 EDTCNQCanadian Natural announces deferral of Institutional Investor Open House
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May 26, 2015
09:58 EDTWFTOn The Fly: Analyst Downgrade Summary
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08:15 EDTWFT, WFTWeatherford downgraded to Underperform from Outperform at CLSA
CLSA downgraded Weatherford to Underperform from Outperform despite raising its price target to $15 from $12. CLSA's analyst believes the advancement of unconventional drilling has been one of the most disruptive technologies in the sectors' history and will derail cycle normalization near-term. The firm believes the industry will need half as many rigs to keep production flat until attrition right-sizes the industry.
May 22, 2015
16:46 EDTLNGCheniere Energy files automatic mixed securities shelf
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14:25 EDTPAACalifornia AG says investigating Santa Barbara oil spill
California Attorney General Kamala Harris stated that the Attorney General’s office is actively working with the Santa Barbara District Attorney’s office and state and federal agencies to investigate the oil spill off Refugio State Beach in Santa Barbara County, adding: "California’s coastline is one of the state’s most precious natural treasures. This oil spill has scarred the scenic Santa Barbara coast, natural habitats and wildlife. My office is working closely with our state and federal partners on an investigation of this conduct to ensure we hold responsible parties accountable.”
May 20, 2015
09:39 EDTPAAPlains All American pipeline rupture spills 21,000 gallons into ocean, LAT says
A pipeline owned by Plains All American Pipeline ruptured and leaked an estimated 21,000 gallons of crude oil into the Pacific Ocean, though it is unclear what caused the break, said the Los Angeles Times. Plains All American stated that it shut down the pipe and a culvert was also blocked to prevent more oil from flowing into the ocean, The Times noted. Plains shares are down 1.2% to $49 per share in early trading. Reference Link
May 19, 2015
14:54 EDTNSNuStar Energy, CHS pursue alliance to expand pipeline, terminal infrastructure
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10:50 EDTKMIKinder Morgan says Georgia DOT declined Palmetto application
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09:58 EDTPAA, ETP, KMI, EPDOn The Fly: Analyst Initiation Summary
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07:52 EDTEPDEnterprise Products initiated with a Buy at Wunderlich
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07:31 EDTWFTUBS to hold a conference
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May 18, 2015
16:27 EDTPAAPlains All American initiated with a Buy at Deutsche Bank
Target $54.
16:26 EDTKMIKinder Morgan initiated with a Buy at Deutsche Bank
Target $49.
16:26 EDTEPDEnterprise Products initiated with a Buy at Deutsche Bank
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16:26 EDTETPEnergy Transfer Partners initiated with a Buy at Deutsche Bank
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10:01 EDTLNGOn The Fly: Analyst Downgrade Summary
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09:25 EDTLNGOn The Fly: Pre-market Movers
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06:58 EDTLNGCheniere Energy downgraded to Neutral from Buy at Goldman
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