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Stock Market & Financial Investment News

News Breaks
January 9, 2013
19:03 EDTDKDelek US Holdings acquires biodiesel facility for $5.3M
Delek US Holdings announced that it entered into an agreement to purchase a biodiesel production facility and related assets based in Cleburne, TX from EQM Technologies & Energy for approximately $5.3M. This transaction is subject to standard closing conditions and is expected to close on or before January 23. The biodiesel facility has a production capacity of approximately 12M gallons per year. Delek US intends to spend approximately $3.0M in capital expenditures during 2013 to improve the feedstock flexibility of this facility. At present, the facility produces biodiesel exclusively for Delek US and its affiliates under a tolling agreement. The tolling agreement will terminate upon completion of this transaction.
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April 8, 2014
07:52 EDTDKRefiners 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.

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