|November 19, 2012|
|16:37 EDT||OXY, MMP||Magellan 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
|November 24, 2015|
|06:28 EDT||OXY||Impact of low oil prices extends beyond oil industry, WSJ says|
The fall in crude prices is having a ripple effect that extends beyond the oil industry, the Wall Street Journal reports. Sales of single family homes in Houston were down 10% year over year in October, the report says, and restaurants in Texas and the Southwest have seen a drop in sales and customer traffic. Brinker (EAT) credited weak oil prices for downbeat results in states that rely heavily on the energy industry, the report says. Occidental Petroleum (OXY) and American Eagle Energy (AMZG) have both exited Bakken last month, with Occidental selling its North Dakota assets and American Eagle seeking chapter 11 bankruptcy protection, the report says. Reference Link
|November 17, 2015|
|08:10 EDT||MMP||Mitsubishi UFJ to hold a conference|
Oil & Gas Conference is being held in New York on November 17.
|November 16, 2015|
|10:00 EDT||MMP||On The Fly: Analyst Initiation Summary|
Today's noteworthy initiations include: American Farmland (AFCO) initiated with a Buy at Citi... AptarGroup (ATR) initiated with an Outperform at Baird... Buckeye Partners (BPL) initiated with a Neutral at DA Davidson... Continental Building (CBPX) initiated with a Buy at Sterne Agee CRT... Deere (DE) initiated with a Hold at Societe Generale... Dimension Therapeutics (DMTX) initiated with a Buy at Goldman... Ferrari (RACE) initiated with a Buy at BofA/Merrill... Lendingtree (TREE) initiated with a Buy at Guggenheim... Magellan Midstream (MMP) initiated with a Buy at DA Davidson... Multi Packaging (MPSX) initiated with a Buy at BofA/Merrill... Potbelly (PBPB) initiated with a Buy at Sidoti.
|09:42 EDT||OXY||Occidental Petroleum management to meet with JPMorgan|
Meetings to be held in Boston on November 17-18 hosted by JPMorgan.
|07:17 EDT||OXY||Seaport Global to hold a conference|
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|06:22 EDT||MMP||Magellan Midstream initiated with a Buy at DA Davidson|