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Stock Market & Financial Investment News

News Breaks
January 10, 2013
14:01 EDTPTRY, BPPantry, BP enter fuel supply agreement expiring December 31, 2019
In a regulatory filing, Pantry (PTRY) disclosed that on January 7, the company entered into a Branded Jobber contract with BP Products North America (BP). The agreement supersedes and replaces the original Branded Jobber Contract dated February 1, 2003, as amended, between the company and BP. The agreement provides for BP to supply, and the company to purchase, certain minimum amounts of motor fuel for the company’s specified convenience store locations. The agreement initially relates to 394 BP branded outlets with provisions pursuant to which locations may be added to or removed from the agreement during the term of the agreement for specified reasons. The prices provided for in the agreement are based upon industry indexes. If the company fails to purchase its annual minimum contract volume, BP may charge the company a shortfall penalty of 2c per gallon times the difference between the number of gallons purchased and the minimum volume requirement. The term of the agreement expires on December 31, 2019.
News For PTRY;BP From The Last 14 Days
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July 31, 2014
08:26 EDTPTRYThe Pantry price target raised to $22-$24 from $19-$21 at Wells Fargo
Wells Fargo increased its price target on The Pantry after the company reported higher than expected Q3 EPS. The firm thinks the results indicate that the company's turnaround is working and it thinks the company's merchandising trends will continue to improve. The firm keeps an Outperform rating on the shares.
06:35 EDTBPOil companies say Russia sanctions could be headwind, NY Times reports
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July 30, 2014
07:17 EDTPTRYThe Pantry sees FY14 merchandise gross margin 34%-33.8%
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07:16 EDTPTRYThe Pantry sees Q4 merchandise gross margins 33.7%-34.2%
Sees Q4 merchandise sales $479M-$489M.
07:11 EDTPTRYThe Pantry reports Q3 EPS ex-items 64c, consensus 35c
Reports Q3 revenue $2.02B, consensus $1.95B. Reports Q3 SSS up 2.3%.
July 29, 2014
13:18 EDTBPEU to hit Russia with new sanctions, Washington Post says
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07:41 EDTBPBP core business performed well in Q2, says Jefferies
Jefferies says BP's core businesses generally performed well in Q2 and that its view of the stock is unchanged following the quarterly results. It keeps a Buy rating on BP shares with a $55 price target.
05:53 EDTBPBP sees Q3 reported production lower than Q2
BP said, "The end of the Abu Dhabi concession in January 2014 together with divestment impacts, however, meant that reported Upstream production, at 2.1 million barrels of oil equivalent a day (mmboed), was 6% lower. Reported production in the third quarter is expected to be lower due primarily to turnaround and seasonal maintenance activities."
05:52 EDTBPBP reports Q2 EPS $1.18, consensus $1.12
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July 23, 2014
07:58 EDTBPBP management to meet with ISI Group
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06:36 EDTBPEU fails to impose tough sanctions on Russia, NY Times says
EU foreign ministers failed to impose any tough sanctions against Russia during a meeting of the bloc's foreign ministers yesterday, according to The New York Times. Given their dependence on Russia's energy, EU countries have "largely decided" they "have to live with" Russia, the newspaper stated. Significant Russian companies include Gazprom (OGZPY), Lukoil (LUKOY) and Yandex (YNDX), while BP (BP) has a 20% stake in major Russian energy company Rosneft. Reference Link
July 22, 2014
06:29 EDTBPEU weighing new sanctions on Russia, NY Times says
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July 21, 2014
08:16 EDTBPFMC Technologies signs agreement to develop susbsea equipment and systems
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