New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 25, 2014
17:30 EDTEEP, MPCEnbridge Energy approved to construct Sandpiper Pipeline Project in NDMarathon Petroleum
The North Dakota Public Service Commission issued its permit approving the North Dakota Pipeline Company LLC's Sandpiper Pipeline Project. The permit allows a subsidiary of Enbridge Energy (EEP) to begin construction of the Sandpiper Pipeline Project as early as July 1 in the state of North Dakota. North Dakota Pipeline Company LLC is a joint venture between Enbridge Energy Partners and Williston Basin Pipe Line, an indirect subsidiary of Marathon Petroleum (MPC). Marathon Petroleum is funding 37.5% of the Sandpiper Pipeline Project and will hold an approximate 27% interest in the North Dakota Pipeline Company when the Sandpiper Pipeline is anticipated to be placed into service in early 2016.
News For EEP;MPC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 21, 2015
07:14 EDTMPCCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuela’s Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 16, 2015
07:40 EDTMPCWolfe Research to hold a conference
1st Annual Oil & Gas 1:1 Refining Conference is being held in Boston on January 16.
January 13, 2015
10:00 EDTMPCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:24 EDTMPCMarathon Petroleum downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Marathon Petroleum to Neutral citing the recent outperformance of shares and its belief retail fuel margins are likely to "come back to earth" once crude prices bottom. The firm lowered its price target for shares to $97 from $104.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use