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Stock Market & Financial Investment News

News Breaks
November 19, 2012
16:37 EDTOXY, MMPMagellan 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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November 24, 2015
06:28 EDTOXYImpact 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 EDTMMPMitsubishi UFJ to hold a conference
Oil & Gas Conference is being held in New York on November 17.
November 16, 2015
10:00 EDTMMPOn 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 EDTOXYOccidental Petroleum management to meet with JPMorgan
Meetings to be held in Boston on November 17-18 hosted by JPMorgan.
07:17 EDTOXYSeaport Global to hold a conference
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06:22 EDTMMPMagellan Midstream initiated with a Buy at DA Davidson
Target $85.

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