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News Breaks | | | | October 17, 2012 | | 09:02 EDT |  | WMB, LYB, DOW, WLK | Recent IRS ruling could benefit olefins producers, says Deutsche Bank
Deutsche Bank notes that a recent private letter ruling from the IRS concluded that "income derived from processing NGLs into olefins will constitute qualifying income for MLP purposes." Deutsche says that while the ruling was in response to a request by Williams Companies (WMB), it could open the door for others to drop U.S. ethylene production assets into MLPs. The firm sees potential tax benefits for LyondellBasell (LYB), Westlake Chemical (WLK), and Dow Chemical (DOW) from the ruling. Deutsche says benefits in 2013 could reach $700M in EBITDA for LyondellBasell, $200M in EBITDA for Westlake Chemical, and $550M in EBITDA for Dow Chemical. | |
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News For LYB;WLK;DOW;WMB From The Last 14 Days Check below for free stories on LYB;WLK;DOW;WMB the last two weeks. |
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| May 24, 2013 | | 09:42 EDT |  | DOW | Dow Chemical deploying K-Dow award to reduce debt
 Subscribe for More Information | | | May 22, 2013 | | 16:05 EDT | | LYB | LyondellBasell announces 10% share repurchase program, raises interim dividend
Subscribe for More Information | | | 10:26 EDT | | DOW | Dow CFO says priority for cash use is deleveraging, not M&A
Comment made at the Goldman Sachs Basic Materials Conference. | | | May 21, 2013 | | 11:34 EDT |  | WMB | High option volume stocks: JASO YGE WMB AMTD TSL
Subscribe for More Information | | | 07:28 EDT |  | WLK, LYB | Goldman to host a conference
Subscribe for More Information | | | 07:26 EDT | | LYB | Barclays to host a conference
Subscribe for More Information | | | May 20, 2013 | | 17:30 EDT |  | WMB | Williams backs FY13, FY14 adjusted EPS views
In presentation slides ahead of an analyst day to be held May 21, Williams backed its FY13 and FY14 adjusted EPS views. The company sees FY13 adjusted EPS 73c, consensus 88c. The company sees FY14 adjusted EPS $1.30, consensus $1.30. The company also sees FY15 adjusted EPS $1.55. The company also backed its previously issued FY13-FY15 annual dividend guidance, saying it expects to pay an annual dividend of $1.44 in FY13, $1.75 in FY14, and $2.11 in FY15. | | | 08:04 EDT | | LYB, DOW | BofA/Merrill's U.S. chemicals analyst holds an analyst/industry conference call
Subscribe for More Information | | | May 16, 2013 | | 16:26 EDT | | WMB | Williams raises dividend to 35.25c per share, backs FY13-FY15 dividend growth view
Subscribe for More Information | | | 08:08 EDT | | DOW | Dow Chemical's Enlist Duo Herbicide approved for use in Canada
Dow Chemical's wholly owned subsidiary Dow AgroSciences announced that Health Canada’s Pest Management Regulatory Agency has approved Enlist Duo herbicide with Colex-D Technology for use in Canada. This approval, which makes Canada the first nation to authorize this herbicide, is a milestone for the company’s Enlist Weed Control System. | | | | 06:15 EDT |  | DOW | Dow ordered to pay $1.2B in urethane price-fixing case, Bloomberg reports
Subscribe for More Information | | | May 15, 2013 | | 17:26 EDT | | LYB | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 14:36 EDT | | WMB | Williams to host analyst day
Subscribe for More Information | | | 14:31 EDT | | LYB | LyondellBasell to shut down HDPE unit in Germany during Q3
LyondellBasell announced that it will shut down a high density polyethylene unit in Wesseling, Germany in the third quarter. The 100 KT per year unit is among the smallest and least efficient of the LyondellBasell HDPE units in Europe. The company has sufficient HDPE capacity to meet customer needs from its larger scale facilities. "LyondellBasell continues to take definitive steps to reorganize our operations in Europe to increase efficiency, reduce costs and improve the competitiveness of our businesses," said Bob Patel, Senior Vice President, Olefins & Polyolefins, Europe, Asia and International. "The closure of under-competitive assets, along with the restructuring and efficiency-improvement initiatives in our business areas, manufacturing and R&D, will better position LyondellBasell to compete in today's economic environment." | | | 07:33 EDT | | DOW | National Association of Business Economics to hos a conference
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | LYB | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 08:47 EDT | | WMB | Williams price target raised to $45 from $39 at Argus
Argus increased its price target on Williams as the firm expects the company's margins to stabilize in late 2013 or early 2014 as NGL supply/demand ratios become more favorable. The firm thinks the company is poised to increase its dividend by 20% annually through 2015, and it keeps a Buy rating on the shares. | | | 05:49 EDT | | LYB | LyondellBasell upgraded to Buy from Neutral at Citigroup
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