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Stock Market & Financial Investment News

News Breaks
October 15, 2012
06:02 EDTCVX, RDS.A, BP, XOM, TSO, CVIU.S. oil production surges but consumers paying more, WSJ reports
Soaring U.S. oil production is pushing down domestic benchmark crude prices and delivering a windfall to some refiners and their investors. But it's not helping consumers at the pump, reports the Wall Street Journal. U.S. crude production is expected to rise 12% this year and 8% in 2013, when it will hit the highest level since 1993, according to government figures. The price of West Texas crude, the U.S. benchmark, has fallen 7% this year, held down by rising supplies from new drilling methods. Still, gasoline prices currently average nearly $4 per gallon nationwide. Reference Link
News For A;BP;XOM;TSO;CVI From The Last 14 Days
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May 22, 2013
07:49 EDTBPBP fights "unjustified" Gulf oil spill payments, FT reports
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06:18 EDTCVICVR Energy upgraded to Neutral from Underperform at Macquarie
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May 21, 2013
08:08 EDTTSOTesoro price target raised to $75 from $65 at Oppenheimer
Oppenheimer increased its target on Tesoro to reflect the company's acquisition of a Carson City, CA, refinery and related assets, after regulators approved the deal last Friday. The firm believes that the deal will create significant value for Tesoro shareholders, and it keeps an Outperform rating on the stock.
May 20, 2013
12:20 EDTAOptions with decreasing implied volatility: RFMD TTWO LO DDS A
09:12 EDTTSOTesoro price target rasied to $120 from $92 at Barclays
Barclays raised Tesoro estimates following the Carson City approval from the FTC and California Attorney General, without any divestitures. Shares are Overweight rated.
08:41 EDTTSOTesoro price target raised to $69 from $58 at Imperial Capital
Imperial Capital raised its price target for Tesoro after the FTC cleared the company's acquisition of BP Carson. The firm keeps an Outperform rating on the stock.
08:37 EDTTSOTesoro removed from U.S. Key Call List at UBS
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08:08 EDTXOM, BPEU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link
05:40 EDTBP, XOMU.S. oil futures rally as many commodities decline, WSJ reports
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May 17, 2013
16:21 EDTBP, TSOOn The Fly: Closing Wrap
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13:18 EDTTSOTesoro, Tesoro Logistics in $640M deal for Carson logistics assets
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13:11 EDTTSOTesoro sees BP deal adding 50c to FY13 EPS
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13:09 EDTBP, TSOTesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities.
11:59 EDTAOptions with decreasing implied volatility: ILMN LO A HES INFY CSCO
May 16, 2013
14:46 EDTBP, TSOTesoro may take over BP California assets as soon as June 1, Reuters says
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14:32 EDTBP, TSOTesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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11:33 EDTAOptions with decreasing implied volatility: PANL CSC FTK A NVDA
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08:01 EDTXOMFMC Technologies receives subsea equpiment order from ExxonMobil
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07:37 EDTTSOMorgan Stanley to host a conference
Refining Corporate Access Day is being held in New York on May 16.
07:11 EDTBPBP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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