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Stock Market & Financial Investment News

News Breaks
January 24, 2014
07:17 EDTHFC, TSO, NGLS, MRO, WNR, EPD, PSX, VLOPropane in short supply in U.S. due to cold snap, exports, FT says
The U.S. is undergoing a massive propane supply shortage amid a run of very cold weather and soaring exports of the fuel, as companies including Enterprise Products Partners (EPD) and Targa Resources Partners (NGLS) have expanded docks along the Gulf of Mexico and plan for increased export capacity, reported Financial Times. Reference Link
News For EPD;NGLS;VLO;WNR;TSO;PSX;MRO;HFC From The Last 14 Days
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March 27, 2015
18:21 EDTTSOTesoro begins restart of Martinez refinery, updates Q1 guidance
Tesoro announced that the Martinez, California refinery has begun the restart process. The Martinez, California refinery was in the final stages of major turnaround maintenance activity when the United Steelworkers Union issued a strike notice on February 1. The safest option at that time was to safely idle the remaining operating units and transition to operating the facility as a terminal. Tesoro has also reached agreements with the local USW at its Carson, California and Anacortes, Washington refineries and employees at those refineries are returning to work. The local unions at the Mandan, North Dakota and Salt Lake City, Utah refineries are expected to vote on their respective contracts over the next few days. For Tesoro, the strike resulted in higher operating costs than our previous guidance and lower capture rates compared to historical averages across our West Coast system. We currently estimate the California operating costs will be between $7.70-$7.95 per barrel. The Martinez, California strike and Anacortes, Washington and Salt Lake City turnarounds will negatively impact system capture rates by approximately $1.50-$2.00 per barrel during the first quarter, and we expect to realize a positive impact to capture rates in the second quarter as we complete the planned turnarounds. The idling of operations at Martinez resulted in higher crude inventory along with the higher planned inventory ahead of the Anacortes, Washington and Salt Lake City, Utah refinery turnarounds, these inventory builds are expected to result in a use of working capital during the first quarter. We expect these working capital impacts will reverse in the second quarter, as we restart and come out of turnarounds at our refineries.
16:01 EDTVLOOptions Update; March 27, 2015
iPath S&P 500 VIX Short-Term Futures down 31c to 25.74 Option volume leaders: AAPL TSLA TWTR RAD FB PBR AMZN DOW VLO AMAT ALTR according to Track Data.
March 25, 2015
09:29 EDTWNR, VLO, TSO, PSX, HFCRefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTTSO, WNR, VLO, PSXRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.
March 23, 2015
10:00 EDTEPD, NGLSOn The Fly: Analyst Upgrade Summary
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07:16 EDTEPDHoward Weil to hold a conference
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06:43 EDTNGLSTarga Resources Partners upgraded to Buy from Hold at Jefferies
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06:42 EDTEPDEnterprise Products upgraded to Buy from Hold at Jefferies
Jefferies upgraded Enterprise Products to Buy with a $36 price target saying the 13.5% year-to-date decline in units presents an attractive entry point.
March 20, 2015
10:00 EDTTSOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded at Stifel... American Capital Mortgage (MTGE) downgraded to Hold from Buy at Wunderlich... Campus Crest (CCG) downgraded at RBC Capital... Care.com (CRCM) downgraded to Neutral from Overweight at JPMorgan... Electrolux AB (ELUXY) downgraded to Neutral from Overweight at JPMorgan... Ericsson (ERIC) downgraded to Equal Weight from Overweight at Morgan Stanley... Extreme Networks (EXTR) downgraded at Raymond James... PrivateBancorp (PVTB) downgraded to Market Perform from Outperform at BMO Capital... TD Ameritrade (AMTD) downgraded to Neutral from Buy at Goldman... Tableau (DATA) downgraded at Mizuho... Tech Data (TECD) downgraded to Hold from Buy at Needham... Tesoro (TSO) downgraded at Wells Fargo... Ultra Clean (UCTT) downgraded to Hold from Buy at Needham... Vince Holding (VNCE) downgraded to Neutral from Overweight at Piper Jaffray... Youku Tudou (YOKU) downgraded to Sell from Hold at Deutsche Bank.
07:17 EDTTSOTesoro downgraded at Wells Fargo
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05:35 EDTTSOTesoro downgraded to Market Perform from Outperform at Wells Fargo
March 19, 2015
06:25 EDTEPDEnterprise Products resumed with a Buy at Citigroup
Price target lowered to $37 from $45.
March 18, 2015
08:04 EDTNGLSTarga Resources Partners resumed with a Market Perform at Wells Fargo
Price target range $41-$45.
March 16, 2015
09:08 EDTEPDAffiliate of Enterprise's general partner purchases $100M of Enterprise stock
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08:01 EDTNGLSTarga Resources added to Top Picks List at UBS
UBS added Targa Resources (TRGP) to its Top Picks List as they believe the combined models of it and Targa Resources Partners (NGLS) will provide new growth opportunities, but also increased commodity exposures. As a result, UBS maintains its Buy rating but lowers its price target to $118 from $127 on Targa Resources shares.

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