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Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:03 EDTNS, COPNuStar Energy to expand Eagle Ford crude oil pipeline system
NuStar Energy (NS) announced that it has entered into a long-term Pipeline and Terminal Services Agreement with ConocoPhillips (COP) that will allow expansion of NuStar's South Texas Crude Oil Pipeline System. The agreement will include a pipeline expansion project for NuStar that will allow NuStar to serve ConocoPhillips' growing production in the Eagle Ford Shale play, and new pipeline and terminal facilities will provide Eagle Ford producers with a cost-effective transportation alternative for their growing production. Anastasio stated that NuStar expects to invest approximately $100M-$120M for these expansions, which are backed by a 10-year throughput commitment. According to Anastasio, the projects are expected to generate approximately $15M in incremental, annual EBITDA once fully implemented. He noted that while the expansions would generate some EBITDA in 2013, the vast majority will be earned in 2014 and beyond.
News For NS;COP From The Last 14 Days
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March 30, 2015
07:16 EDTCOPConocoPhillips initiates process for divestiture of oil and gas assets in Canada
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March 27, 2015
06:37 EDTCOPOil retreats after Goldman says attacks won't have much impact, Reuters reports
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March 26, 2015
06:36 EDTCOPOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
March 23, 2015
13:28 EDTCOPConocoPhillips calls active into investor meeting
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March 22, 2015
17:59 EDTCOPOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTCOPWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTCOPOil prices fall again, Reuters reports
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March 19, 2015
07:45 EDTCOPSenate Energy & Natural Resources Committee to hold a hearing
The Committee holds a hearing entitled, "U.S. Crude Export Policy" with Senior Vice President of IHS, Carlos Pascual and Chairman & CEO of ConocoPhillips, Ryan Lance on March 19 at 10 am. Webcast Link
07:19 EDTCOPKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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March 17, 2015
08:31 EDTCOPConocoPhillips sees volume growth of 2%-3% in 2015
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