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Stock Market & Financial Investment News

News Breaks
June 6, 2014
09:06 EDTMMP, OXYBridgeTex Pipeline ready to accept applications from spot shippers
BridgeTex Pipeline Company, a company owned by Magellan Midstream Partners (MMP) and Occidental Petroleum (OXY), plans to begin the commissioning of the BridgeTex Pipeline in Q3, it announced. BridgeTex intends to begin limited commercial operations on the pipeline as part of the initial commissioning process. The company has begun to fill storage tankage at the origin of the system in Colorado City, Texas, and operations to fill the pipeline will begin in the near future.
News For MMP;OXY From The Last 14 Days
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September 17, 2014
12:42 EDTOXYOccidental in discussions to sell Dolphin Energy stake to Mubadala, WSJ says
Occidental Petroleum is in discussions to sell at least 20% of its 24.5% stake in Dolphin Energy to Mubadala, The Wall Street Journal reports, citing people familiar with the matter. Occidental could complete the sale before the end of the year, and Mubadala is eager to do the deal and they may want to buy Occidental's entire stake, the people added. Occidental is also in discussions to sell up to 30% of its stake in the Shah natural gas project to Mubadala. Reference Link
September 16, 2014
09:59 EDTOXYOn The Fly: Analyst Downgrade Summary
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05:36 EDTOXYOccidental Petroleum downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Occidental Petroleum to Equal Weight saying the company's restructuring could disappoint. The firm believes Occidental's U.S. onshore assets are unlikely to attract a premium and it lowered its price target for shares to $109 from $117.
September 15, 2014
13:51 EDTOXYOccidental chemical unit to pay $190M in Passaic River cleanup, Bloomberg says
According to New Jersey state officials, Occidental Petroleum's chemical unit agreed to pay $190M to cover its liability in the cleanup of industrial contamination in the Passaic River in New Jersey, says Bloomberg Businessweek. Reference Link
07:23 EDTMMPHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.

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