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Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:16 EDTIOCInterOil sells downstream businesses for $525.6M
InterOil has announced the sale of companies that hold its Papua New Guinea oil refinery and petroleum products distribution businesses to Singapore-based Puma Energy Group Pte for $525.6M, which includes adjustments for cash and working capital. InterOil's downstream businesses include the Napa Napa refinery in Port Moresby that processes about 28,000 barrels a day, 52 service stations, and 30 fuel depots, terminals and aviation sites. The sale ensures the transition to Puma Energy of all InterOil staff who are employed in the refinery and downstream businesses.
News For IOC From The Last 14 Days
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November 14, 2014
06:54 EDTIOCInterOil reports Q3 EPS (34c), consensus (51c)
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November 13, 2014
15:18 EDTIOCNotable companies reporting before tomorrow's open
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November 12, 2014
08:43 EDTIOCInterOil November volatility elevated into Q3 and outlook
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November 11, 2014
08:52 EDTIOCInterOil Antelope project looks more likely to be carried out, says Bernstein
After meeting with InterOil and Paupa New Guinea government officials, Bernstein says that all parties increasingly believes that the Antelope LNG project will get off the ground. The firm is now more convinced that Antelope will reach Final Investment Decision before 2018. It keeps a $90 price target and Outperform rating on InterOil.

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