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Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:03 EDTCOP, NSNuStar 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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July 27, 2015
05:52 EDTCOPStocks with implied volatility movement; COX COP
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July 26, 2015
18:42 EDTCOPConocoPhillips plans 'thousands' of additional layoffs, WSJ says
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July 24, 2015
10:15 EDTNSNuStar Energy says storage system is about 98% utilized
10:14 EDTNSNuStar Energy sees FY15 Pipeline EBITDA $25M-$40M higher than last year
Cites reduced volume projections. Sees FY15 Fuels Marketing EBITDA $20M-$30M. Sees FY15 CapEx $430M-$450M, which include internal growth projects and acquisition spending. Sees FY15 reliability capital spending $35M-$45M.
10:13 EDTNSNuStar Energy sees Q3 EPS 50c-60c, consensus 68c
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10:09 EDTNSNuStar Energy expects Mont Belvieu propane line to be restored in Q4
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08:59 EDTNSNuStar sees FY15 capex $430M-$450M
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08:57 EDTNSNuStar reports Q2 EPS 54c, consensus 58c
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July 22, 2015
06:39 EDTCOPEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
July 21, 2015
16:26 EDTNSNuStar Energy receives lease approval from Port of Corpus Christi
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July 16, 2015
19:07 EDTCOPConocoPhillips provides notice of termination for ENSCO DS-9 drillship contract
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16:22 EDTCOPConocoPhillips terminates contract for Ensco DS-9 drill ship, expects Q3 charge
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16:19 EDTCOPConocoPhillips to reduce deepwater exploration spending, sees Q3 charge
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16:16 EDTCOPConocoPhillips raises quarterly dividend 1c to 74c per share
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05:48 EDTCOPStocks with implied volatility above IV index mean; YY COP
Stocks with implied volatility above IV index mean; YY Inc. (YY) 47, ConocoPhillips (COP) 24 according to iVolatility.
July 15, 2015
06:25 EDTCOPMexican businessmen financing homegrown oil companies, WSJ reports
Several Mexican businessmen, including former Mexican finance minister Pedro Aspe, have started financing or creating homegrown oil companies in Mexico as the country opens its oil industry to competition, the Wall Street Journal reports. The new companies aim not only to compete with Pemex, but also with global oil giants such as Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A), the report says. Mexico will hold three auctions of oil blocks this year, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), and Total (TOT). Reference Link

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