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Stock Market & Financial Investment News

News Breaks
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 NuStar’s 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 line’s 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 23, 2014
10:01 EDTOXYOn The Fly: Analyst Initiation Summary
ANSYS (ANSS) initiated with an Outperform at William Blair... AuRico Gold (AUQ) reinstated with an Outperform at Credit Suisse... Ball Corp. (BLL) initiated with a Neutral at JPMorgan... Central Valley Community Bancorp (CVCY) initiated with an Outperform at Fig Partners... Crown Holdings (CCK) initiated with an Overweight at JPMorgan... EQT Midstream Partners (EQM) initiated with a Strong Buy at ISI Group... First Cash Financial (FCFS) initiated with an Overweight at HSBC... Galmed (GLMD) initiated with a Buy at Maxim... Harman (HAR) initiated with an Outperform at RBC Capital... Interval Leisure (IILG) initiated with an Outperform at Imperial Capital... Kroger (KR) initiated with a Market Perform at Wells Fargo... Manulife Financial (MFC) initiated with a Buy at UBS... ONEOK Partners (OKS) initiated with a Neutral at ISI Group... Occidental Petroleum (OXY) initiated with a Neutral at Global Hunter... Owens-Illinois (OI) initiated with a Neutral at JPMorgan... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sun Life Financial (SLF) initiated with a Buy at UBS... Sysorex Global (SYRX) initiated with a Buy at Dougherty... TPG Specialty Lending (TSLX) initiated with a Neutral at Citigroup... UGI Corporation (UGI) initiated with an Equalweight at Barclays... WhiteWave Foods (WWAV) initiated with a Buy at Deutsche Bank... Williams Partners (WPZ) initiated with a Buy at ISI Group.
09:30 EDTNSNuStar Energy sees 2Q14 EPU, EBITDA to exceed 2Q13 results
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09:29 EDTNSNuStar backs FY14 pipeline segment EBITDA $40M-$60M higher than FY13
The company said, "Reaffirming the FY14 guidance we provided in February, we expect our pipeline segment EBITDA to be $40M-$60M higher than FY13 and our storage segment adjusted EBITDA to be comparable to FY13. We expect our fuels marketing segment to generate EBITDA in the range of $10M-$30M. Based on these projections, we expect to start covering our distributions in 2H14 and for FY14. We expect to spend $350M-$370M on internal growth projects during FY14, the majority of which will be spent on projects in our pipeline segment. Our FY14 reliability capital spending remains unchanged, and is expected to be in the range of $35M-$45M.”
09:25 EDTNSNuStar Energy reports Q1 EPS 36c, consensus 36c
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06:48 EDTOXYOccidental Petroleum initiated with a Neutral at Global Hunter
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