|December 10, 2012|
|06:09 EDT||STO, GBX||Greenbrier partners with Statoil on fleet management solution|
Greenbrier (GBX) has been selected by Statoil Marketing and Trading (STO) to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet of more than 1,000 tank cars. The cars will ship crude oil by rail out of the Bakken formation, underlying parts of Montana, North Dakota, and Saskatchewan. Greenbrier's proprietary Enspire fleet management software platform and industry-leading maintenance and repair capability will maximize Statoil's productivity and increase velocity across its fleet. Leveraging its integrated business model, Greenbrier will design and implement the fleet maintenance program, including cost underwriting, while select Greenbrier Rail Service facilities will provide preferred turn times and on-demand solutions for empty cars, wheels, and component parts.
News For GBX;STO From The Last 14 Days
Check below for free stories on GBX;STO the last two weeks.
|March 7, 2014|
|10:38 EDT||GBX||Greenbrier price target raised to $52 from $38 at BofA/Merrill|
BofA/Merrill raised Greenbrier estimates given improved growth prospects, the need to retrofit tank cars, new car order announcements, and increasing regulatory specs. Shares are Buy rated.
|07:19 EDT||STO||BP says potential oil-price manipulation probed by U.S., EU, Asian regulators|
BP (BP), in its annual report filed yesterday, disclosed that in May 2013, European Commission officials made a series of unannounced inspections at the offices of BP and other companies involved in the oil industry acting on concerns that anticompetitive practices may have occurred in connection with oil price reporting practices and the reference price assessment process. "Such inspections are a preliminary step in investigations. There is no deadline for the completion of the inquiries," BP said. BP added that related inquiries and requests for information have also been received from U.S. and other regulators following the European Commissionís actions. In June 2013, the Federal Trade Commission served BP with a Request for Voluntary Submission of Documents and Information regarding its non-public investigation into whether or not Shell (RDS.A), BP or Statoil (STO) have engaged in unfair methods of competition or manipulative or deceptive conduct. BP said it is producing documents to the FTC. Also in June 2013, BP received an initial request for information from the Japanese Fair Trade Commission and in December 2013, the Korea Fair Trade Commission initiated an investigation and a first information request is expected to be issued. In January 2014, the U.S. Commodity Futures Trading Commission requested price reporting documents from BP, the company added.
|March 3, 2014|
|06:18 EDT||GBX||Greenbrier announces orders for 5,600 new railcars valued at $460M|
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|February 28, 2014|
|06:46 EDT||STO||Eni reaches preliminary deal with Statoil over gas prices, NY Times reports|
Italian oil company Eni (E) said yesterday that it had reached an agreement in principle with Norway's Statoil (STO) to reduce the prices that Eni pays for natural gas, according to The New York Times. Under the deal, Eni would pay market prices for gas, rather than prices linked to oil, the newspaper explained. Reference Link
|February 25, 2014|
|10:00 EDT||GBX||On The Fly: Analyst Downgrade Summary|
Ameren (AEE) downgraded to Equal Weight from Overweight at Barclays... Basic Energy (BAS) downgraded to Underperform from Hold at Jefferies... Einstein Noah (BAGL) downgraded to Neutral from Overweight at Piper Jaffray... FirstService (FSRV) downgraded to Market Perform from Outperform at JMP Securities... Greenbrier (GBX) downgraded to Hold from Buy at Stifel... HSBC (HSBC) downgraded to Neutral from Buy at Citigroup... MarkWest Energy (MWE) downgraded to Hold from Buy at Jefferies... Pan American Silver (PAAS) downgraded to Sell from Neutral at Goldman... RF Micro Devices (RFMD) downgraded to Hold from Buy at Canaccord... RealPage (RP) downgraded to Sector Perform from Outperform at RBC Capital... Royal Gold (RGLD) downgraded to Sector Performer from Outperformer at CIBC... VIVUS (VVUS) downgraded to Neutral from Overweight at JPMorgan... Trex Company (TREX) downgraded to Equal Weight from Overweight at Stephens... Palo Alto (PANW) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Underperform from Neutral at Longbow... Tenet (THC) downgraded to Fair Value from Buy at CRT Capital... HSBC (HBC) downgraded to Neutral from Overweight at JPMorgan.
|06:32 EDT||GBX||Greenbrier downgraded to Hold from Buy at Stifel|
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|February 24, 2014|
|08:56 EDT||GBX||Positive rail trends clouded by weather, inflation, says Stephens|
Stephens says its annual rail shipper survey makes it believe that favorable industry fundamentals are getting obscured by near-term weather disruptions and lower rail inflation. The firm said it maintains its positive long-term outlook on the space, naming Genesee & Wyoming (GWR), Trinity Industries (TRN) and Greenbrier (GBX) as its favorite rail and railcar manufacturing stocks.