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Stock Market & Financial Investment News

News Breaks
November 19, 2012
16:37 EDTMMP, OXYMagellan Midstream and Occidental Petroleum proceed with BridgeTex pipeline
Magellan Midstream (MMP) and Occidental Petroleum (OXY) announced that they are proceeding with the construction of the previously announced BridgeTex Pipeline to transport Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast area. The BridgeTex Pipeline is supported by long-term transportation commitments received during its recent successful open season and has received a favorable order from the Federal Energy Regulatory commission approving the tariff structure for the pipeline. The BridgeTex Pipeline will be capable of transporting up to 300,000 barrels per day of crude oil, with access to Houston Ship Channel refineries, Texas City refineries and other refineries throughout the Gulf Coast via third-party pipelines.
News For MMP;OXY From The Last 14 Days
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August 1, 2014
07:30 EDTOXYU.S. oil and gas companies paying less in taxes amid shale boom, WSJ says
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July 31, 2014
10:04 EDTOXYOccidental Petroleum sees Permian Resources growth of 15%-18% in 2014
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10:02 EDTOXYOccidental Petroleum sees Q3 production of 15,000-17,000 boe/d sequentially
Sees Q3 domestic total production of 5,000-7,000 boe/d growth; Sees Q3 domestic oil 6,000-8,000 bbls/d growth. Sees modest increase in NGLs and modest decline in natural gas for domestic Q3 production. Sees production and sales volumes to increase 10,000 boe/d internationally. Sees Q3 exploration expense of $100M. Comments taken from slides for Q2 earnings conference call.
07:03 EDTOXYOccidental Petroleum reports Q2 core EPS $1.79, consensus $1.75
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July 30, 2014
15:40 EDTOXYNotable companies reporting before tomorrow's open
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July 24, 2014
10:03 EDTMMPOn The Fly: Analyst Downgrade Summary
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09:03 EDTMMPMagellan Midstream increases quarterly cash distribution 4% to 64c
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06:17 EDTMMPMagellan Midstream downgraded to Neutral from Buy at Goldman
Goldman downgraded Magellan Midstream to Neutral based on valuation. Price target is $89.

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