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Stock Market & Financial Investment News

News Breaks
April 10, 2013
08:33 EDTCLR, PBFContinental Resources to supply PBF Energy with Bakken crude oil
PBF Energy (PBF) signed an agreement with Continental Resources (CLR) to supply PBF with Bakken crude oil, which will be delivered by rail to PBFs double-loop track at its refinery in Delaware City, DE.
News For PBF;CLR From The Last 14 Days
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March 25, 2015
09:19 EDTPBFRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.
March 24, 2015
07:36 EDTCLRWhiting tumbles as stock offering dampens takeover speculation
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March 20, 2015
07:52 EDTCLRContinental secures $2.3M deal for 160 acres in North Dakota, Reuters says
Continental Resources placed a winning $2.3M bid for rights to seek crude oil on 160 North Dakota acres, reports Reuters, citing state officials. The company secured the deal this week, and Reuters notes that the company sees FY15 output rising as much as 20%. Reference Link
March 13, 2015
16:28 EDTCLRWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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15:54 EDTCLRWhiting attracts interest from Exxon Mobil, Hess, Continental, Bloomberg says
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