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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:39 EDTFIO, FUEL, SPR, AUY, PBFHigh option volume stocks: FIO FUEL SPR AUY PBF
News For FIO;FUEL;SPR;AUY;PBF From The Last 14 Days
Check below for free stories on FIO;FUEL;SPR;AUY;PBF the last two weeks.
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September 16, 2014
07:41 EDTAUYDenver Gold Group to hold a forum
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September 15, 2014
17:04 EDTPBFPBF Logistics announces first asset acquisition from PBF Energy
PBF Logistics LP (PBFX) and PBF Energy(PBF) announced that the Partnership has entered into an agreement to acquire the Delaware City Heavy Crude Unloading Rack from a subsidiary of PBF for total consideration of $150M. The purchase price payable to PBF will consist of cash of $135M and PBFX limited partner interests of $15M. The drop-down acquisition is expected to close on or about September 30. The asset to be acquired is the newly-commissioned West Rack collocated with PBF Energy’s Delaware City Refinery and will continue to support the refinery going forward. The West Rack is capable of unloading unit trains at a throughput rate of over 40,000 barrels per day. It is equipped with steam and nitrogen facilities to facilitate the unloading of heavy crude oil, primarily originating in Canada, delivered by rail. The West Rack is also capable of discharging light crude oil. Upon closing, the Partnership plans to enter into a seven-year term throughput agreement with subsidiaries of PBF Energy containing a minimum throughput volume commitment of 40,000 barrels per day. The West Rack is expected to contribute approximately $15M of EBITDA in its first full year of operation after the close. Annual maintenance capital expenditures are expected to be approximately $1.25M. The cash consideration for the transaction will be funded by the sale of $30M in U.S. Treasuries that were purchased with proceeds from the Partnership’s May 2014 initial public offering and $105M in borrowings under the Partnership’s revolving credit facility. The number of Partnership common units to be issued to PBF will be based on the volume-weighted average daily closing price for the Partnership’s common units for the preceding 20 trading days, ending two trading days prior to signing the definitive agreement for the acquisition. The terms of the transaction were approved by the Board of Directors of the general partner of the Partnership and its Conflicts Committee, which is composed of independent directors and was advised by Tudor, Pickering, Holt & Co., its financial advisor, and Vinson & Elkins LLP, its legal counsel.
September 12, 2014
09:14 EDTFUELOn The Fly: Pre-market Movers
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08:42 EDTFUELRocket Fuel volatility expected to move on Alliance Data acquiring Conversant
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September 11, 2014
18:35 EDTFUELOn The Fly: After Hours Movers
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17:02 EDTFUELConversant soars after Alliance data to acquire company for $2.3B
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September 10, 2014
17:11 EDTPBFVenezuela's PDVSA seeks Citgo bids in potential $10B deal, Reuters says
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08:33 EDTAUYYamana Gold provides operational update
Yamana Gold provided an update on its C1 Santa Luz and Pilar projects and announced that monthly production reached record levels in August, favourably positioning the company to meet its production expectations for the balance of this year and into the following years. C1 Santa Luz along with Pilar, both located in Brazil, have been on a gradual process of ramp-up and evaluation over the past year in order to determine their continuing viability in light of certain operational challenges and decline in metal prices last year. During this time, the company has been working to improve the rate of recovery from the carbon-in-leach, or CIL, circuit at C1 Santa Luz, which to date has been lower than designed, and, in particular, the Company has been dealing with a significant carbon content in the ore which has had the effect of suppressing gold recovery. After careful and extensive review, and having allowed a sufficient period of time for optimization efforts, the company has concluded that the optimal plan for C1 Santa Luz would be to temporarily suspend ramp-up activities, and put the project on care and maintenance while several identified alternative metallurgical processes are evaluated. The decision to temporarily suspend ramp-up activities at C1 Santa Luz and put it on care and maintenance is consistent with the company's focus on maximizing cash flow rather than production only and protects the significant inventory of mineral resources that that would otherwise likely be lost permanently to tailings with the current recovery levels. In so doing, the potential future viability of the project is preserved as that inventory is profitably mined and recovered utilizing one of the metallurgical processes that will be implemented once the evaluation process is completed. The company is working with employees, labour unions, contractors and various levels of governments to minimize the impact on local communities and remains confident that once the metallurgical recovery evaluation process is completed, C1 Santa Luz will become a sustainable operation providing long term benefits to local communities. The company has undertaken to complete the evaluation of the alternative metallurgical recovery processes before end of 2015.
07:53 EDTFUELDeutsche Bank to hold a conference
Technology Conference to be held in Las Vegas on September 9-11 with webcasted company presentations to begin on September 10 at 10:30; not all company presentations may be webcasted. Webcast Link
06:41 EDTPBFPDVSA aims for preliminary offers for Citgo by September-end, Reuters says
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September 8, 2014
16:23 EDTFUELRocket Fuel reaffirms Q3, FY14 guidance of $96M-$100M, consensus $97.43M
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16:18 EDTFUELRocket Fuel CFO Bardwick to resign, Bela Pandya to serve as interim CFO
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09:39 EDTSPRSpirit AeroSystems price target raised to $48 from $43 at Sterne Agee
Sterne Agee raised Spirit's price target to $48 from $43 to reflect an increase in margins and lower loss estimates for development programs. Shares are Buy rated.

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