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Stock Market & Financial Investment News

News Breaks
March 19, 2013
17:26 EDTCOP, CVX, APCConocoPhillips updates Coronado exploration well in Walker Ridge Block 98
The Coronado wildcat exploration well, located in Walker Ridge Block 98, was drilled to a total depth of 31,866 feet, in 6,127 feet of water. The well is located approximately 190 miles off the coast of Louisiana and approximately 12 miles southeast of the Shenandoah discovery. Results from the Coronado well are still being evaluated, and additional appraisal will be needed to determine the full extent of the resource. ConocoPhillips holds a 35% working interest in Coronado. Other co-owners are Chevron (CVX), 40% working interest and operator; Anadarko Petroleum (APC), 15%; and Venari Offshore, 10%.
News For COP;CVX;APC From The Last 14 Days
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October 1, 2014
07:38 EDTCVX, COPRailcar, oil groups push back over crude-train deadlines, WSJ says
The Association of American Railroads, which represents oil and freight haulers, and the American Petroleum Institute, the lobbying group for oil companies, told the U.S. Transportation Department that they need more than two years to build safer railcars to haul crude, pushing back against some proposed federal rules, reported The Wall Street Journal. Rail car makers include Trinity Industries (TRN), FreightCar America (RAIL), American Railcar Industries (ARII) and Greenbrier (GBX). Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
September 29, 2014
08:32 EDTCVXEnLink Midstream to acquire Gulf Coast natural gas pipeline systems for $235M
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07:43 EDTCVXYPF CEO seeks faster non-conventional development, WSJ reports
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07:11 EDTAPCAnadarko's tax asset from Tronox may be worth $3+ per share, says Credit Suisse at Credit Suisse
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September 23, 2014
10:02 EDTCVXOn The Fly: Analyst Initiation Summary
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06:04 EDTCVXChevron initiated with a Neutral at JPMorgan
Target $133.
September 19, 2014
12:24 EDTCVXChevron looks to sell Hawaiian oil refinery, Bloomberg says
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September 18, 2014
07:38 EDTAPCUBS to hold a conference
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September 17, 2014
05:38 EDTCOPWestern 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."

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