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Stock Market & Financial Investment News

News Breaks
December 31, 2013
13:01 EDTPSX, EROCEagle Rock Energy in raw product purchase/sale pact with Phillips 66
In a regulatory filing from last night, Eagle Rock Energy Partners (EROC) disclosed that on December 23, Eagle Rock Field Services, a wholly-owned subsidiary of Eagle Rock Energy Partners, entered into a Raw Product Purchase and Sale Agreement with Phillips 66 (PSX). Pursuant to the Agreement, commencing on January 1 and continuing for a multi-year period, Seller has agreed to deliver and sell, and Buyer has agreed to receive and purchase, monthly quantities of natural gas liquids within a defined range at Sellerís Sunray Gas Plant. The price paid to Seller for such natural gas liquids will be determined by reference to an agreed upon index, less agreed upon gathering, transportation and fractionation fees and any potentially applicable deficiency fee. The natural gas liquids deliverable by Seller shall be subject to certain defined quality specifications. Shares of Eagle Rock Energy Partners are higher by approximately 2.5% in midday trading.
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April 22, 2014
07:37 EDTPSXIncreased refiner exporting playing a role in high gas prices, WSJ says
Gasoline futures climbed a bit over 1% a gallon Monday and are up 11% for the year. While gasoline prices often rise ahead of summer, more gasoline being exported by refiners plays a "prominent" role in the current rally, said The Wall Street Journal, citing analysts. Publicly traded refiners include HollyFrontier (HFC), Marathon Oil (MRO), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Reference Link
April 15, 2014
10:00 EDTPSXOn The Fly: Analyst Downgrade Summary
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08:50 EDTPSXPhillips 66 downgraded to Accumulate from Buy at Tudor Pickering
April 13, 2014
19:44 EDTPSXPhillips 66 halts sale efforts for Irish refinery, Independent says
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