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Stock Market & Financial Investment News

News For MRO;BP From The Last 14 Days
Check below for free stories on MRO;BP the last two weeks.
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May 17, 2013
16:21 EDTBPOn The Fly: Closing Wrap
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13:09 EDTBPTesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities.
May 16, 2013
14:46 EDTBPTesoro may take over BP California assets as soon as June 1, Reuters says
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14:32 EDTBPTesoro may take ownership of BP Carson refinery, other assets as soon as June 1
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07:11 EDTBPBP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports
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06:08 EDTBPOn the Fly: Periodicals Wrap-Up
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May 15, 2013
17:18 EDTMROBP Capital gives quarterly update on stakes
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08:38 EDTBPWTI crude falls for a fith consecutive day, Bloomberg reports
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05:55 EDTBPEU inspects firms in oil investigation, WSJ reports
EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link
May 14, 2013
11:08 EDTBPBP says involved in EC probe, cooperating with investigation, Bloomberg reports
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07:10 EDTBPIEA says North American oil will dominate world supply growth, WSJ reports
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May 8, 2013
10:00 EDTMROOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ametek (AME) upgraded to Buy from Neutral at Citigroup... IAMGOLD (IAG) upgraded to Buy from Hold at Canaccord... Lowe's (LOW) upgraded to Buy from Neutral at ISI Group... lululemon (LULU) upgraded to Buy from Neutral at Sterne Agee... Myriad Genetics (MYGN) upgraded to Buy from Neutral at Mizuho... Orion Marine (ORN) upgraded to Outperform from Market Perform at FBR Capital... Trex Company (TREX) upgraded to Buy from Hold at BB&T... U.S. Auto Parts (PRTS) upgraded to Buy from Neutral at Roth Capital... Electronic Arts (EA) upgraded to Neutral from Sell at Monness Crespi... Electro Scientific (ESIO) upgraded to Buy from Hold at Noble Financial... Darling (DAR) upgraded to Buy from Hold at Maxim... J.C. Penney (JCP) upgraded to Hold from Sell at Maxim... Louisiana-Pacific (LPX) upgraded to Neutral from Underperform at DA Davidson... Grupo Televisa (TV) upgraded to Overweight from Equal Weight at Morgan Stanley... Marathon Oil (MRO) upgraded to Outperform from Neutral at Macquarie... Sibanye Gold (SBGL) upgraded to Overweight from Neutral at JPMorgan... Carrols Restaurant (TAST) upgraded to Strong Buy from Outperform at Raymond James.
07:34 EDTMROMarathon Oil upgraded to Outperform from Neutral at Macquarie
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May 7, 2013
17:29 EDTMROMarathon Oil sees 2013 production up 7%-10% vs. prior view of up 6%-8%
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17:28 EDTMROMarathon Oil reports Q1 adjusted EPS 51c, consensus 72c
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16:01 EDTBPOptions Update; May 7, 2013
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15:34 EDTMRONotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include The Walt Disney Company (DIS), consensus 76c; Mondelez International (MDLZ), consensus 34c; Williams Companies (WMB), consensus 24c; McKesson (MCK), consensus $2.30; Marathon Oil (MRO), consensus 72c; Williams Partners (WPZ), consensus 50c; Symantec (SYMC), consensus 38c; Whole Foods Market(WFM), consensus 73c; CA Technologies (CA), consensus 55c; TripAdvisor (TRIP), consensus 46c; Electronic Arts (EA), consensus 58c.
10:00 EDTMROOn The Fly: Analyst Initiation Summary
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08:10 EDTMROMarathon Oil initiated with a Buy at ISI Group
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May 6, 2013
09:27 EDTBPBP announces asle of interest in Polvo field, Brazil for $135M
BP announced that it has agreed to sell its 60% interest in the Polvo oil field in Brazil to HRT Oil & Gas Ltda for $135M in cash. Subject to regulatory approvals, BP expects the deal to close in the second half of 2013. The Polvo field is located in the southern part of Campos basin, approximately 100 kilometres off the coast of Rio de Janeiro, in water depths of around 100 metres. Commercial production started in 2007 and BP has operated the field since its acquisition from Devon. The other 40% stake in the field is owned by Maersk.
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