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February 5, 2014
08:35 EDTNS, OXYNuStar signs long-term agreement with Occidental Petroleum
NuStar Energy L.P. (NS) has signed a long-term agreement allowing Occidental Petroleum (OXY) to ship natural gas liquids on NuStarís currently idled, 200-mile, 12-inch pipeline between Mont Belvieu and Corpus Christi, Texas. NuStar has begun work to reactivate the line, reverse its flow and convert it from refined products service to NGL service. The pipeline has capacity to move approximately 110,000 barrels per day. Oxy will use a majority of the lineís capacity to transport NGLs via an interconnect with an Oxy pipeline to the Oxy Ingleside Energy Center export facility located in Ingleside, Texas, at the site of the former Naval base purchased by Oxy in 2012. NuStar will continue to market any remaining capacity on the pipeline. The pipeline project is scheduled to be completed and in full operation in the second quarter of 2015, although the pipeline may flow at reduced rates this year. Once the line is in service, it is expected to generate approximately $23M per year of incremental EBITDA for NuStar.
News For NS;OXY From The Last 14 Days
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April 8, 2014
07:39 EDTOXYOccidental Petroleum restructuring plan could lift shares, says Oppenheimer
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April 3, 2014
10:00 EDTOXYOn The Fly: Analyst Initiation Summary
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05:50 EDTOXYStocks with implied volatility movement; OXY PFE
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April 2, 2014
16:13 EDTOXYOccidental Petroleum initiated with an Outperform at Cowen
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16:01 EDTOXYOccidental Petroleum calls active
Occidental Petroleum April 95 and August 110 calls are active following Qatar may bid alone for Occidental assets after leaving group, Bloomberg says. April call option implied volatility is at 16, May is at 19, August is at 18; compared to its 26-week average of 22 according to Track Data. Active call volumes suggests traders taking positions for upside price movement.
16:00 EDTOXYOptions Update; April 2, 2014
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13:20 EDTOXYQatar may bid alone for Occidental assets after leaving group, Bloomberg says
Qatar's national oil company has dropped out of a group of state-backed investors seeking to buy a stake in Occidental Petroleum's Middle East business, Bloomberg reports, citing people with knowledge of the matter. Qatar Petroleum is considering buying some or all of the stake on its own, and is in the process of engaging a financial adviser, Bloomberg added, citing the sources. Reference Link
13:02 EDTOXYQatar weighs going alone for Occidental Mideast stake, Bloomberg says
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12:57 EDTOXYQatar drops out of group bidding for Occidental Mideast stake, Bloomberg says

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