New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 25, 2014
08:50 EDTMRO, EPD, PSX, HFC, PXD, VLO, WNR, TSORefiners slip after U.S. widens oil export potential
Shares of Pioneer Natural Resources (PXD) are rising in early trading after the U.S. reportedly gave Pioneer and Enterprise Products Partners (EPD) permission to ship a type of light oil known as condensate to foreign buyers. Meanwhile, shares of refiners are trading lower following the news. WHAT'S NEW: The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural that putting condensate through a stabilizer was sufficient processing to qualify it to be eligible for export without a license, according to Reuters, citing a statement from the company. The Wall Street Journal also reported that the Department of Commerce had given approval via a private ruling to Pioneer and Enterprise Product Partners to export condensate. WHAT'S NOTABLE: Refiners may see their profits drop if they are forced to pay higher prices to compete with international buyers for U.S. crude. “We don’t think the current system needs to be changed,” a spokesman for Valero Energy (VLO), Bill Day, told Bloomberg. Other publicly traded refining companies include HollyFrontier (HFC), Marathon Oil (MRO), Phillips 66 (PSX), Tesoro (TSO), and Western Refining (WNR). PRICE ACTION: In pre-market trading Pioneer Natural Resources was up 2% to $226.50, while Enterprise Products Partners was up 1.7% to $77.40. Shares of several refiners' stocks were indicated to open lower, with Valero down over 4% in pre-market trading, Phillips 66 down 2.8% and Tesoro down 2.5%.
News For VLO;PSX;TSO;PXD;EPD;WNR;HFC;MRO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
April 17, 2015
07:58 EDTPXD, PXDPioneer Natural downgraded to Underperform from Outperform at CLSA
07:18 EDTMROMarathon Oil management to meet with UBS
Subscribe for More Information
April 16, 2015
07:02 EDTMROMarathon Oil management to meet with UBS
Subscribe for More Information
April 15, 2015
08:23 EDTPSXPhillips 66 management to meet with Deutsche Bank
Subscribe for More Information
07:34 EDTMROMarathon Oil management to meet with UBS
Subscribe for More Information
April 13, 2015
10:00 EDTMROOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:53 EDTMROMarathon Oil upgraded at BofA/Merrill
Subscribe for More Information
07:38 EDTPSXPhillips 66 management to meet with Deutsche Bank
Meeting to be held in Los Angeles on April 13 hosted by Deutsche Bank.
07:14 EDTMROMarathon Oil management to meet with UBS
Subscribe for More Information
07:13 EDTEPDWells Fargo to hold a conference
Subscribe for More Information
06:46 EDTMROMarathon Oil upgraded to Buy from Neutral at BofA/Merrill
Subscribe for More Information
April 9, 2015
19:10 EDTEPDEnterprise Products offering additional capacity on Aegis pipeline
Subscribe for More Information
10:00 EDTMROOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Adobe (ADBE) initiated with an Overweight at Stephens... Aimco (AIV) initiated with a Neutral at Janney Capital... Akamai (AKAM) initiated with a Hold at Deutsche Bank... Anadarko (APC) initiated with an Outperform at BMO Capital... Apache (APA) initiated with a Market Perform at BMO Capital... Arista Networks (ANET) initiated with a Neutral at Wedbush... AvalonBay (AVB) initiated with a Neutral at Janney Capital... BioScrip (BIOS) initiated with a Buy at Craig-Hallum... Brinker (EAT) initiated with a Buy at Longbow... Broadcom (BRCM) initiated with a Buy at Ladenburg... Camden Property (CPT) initiated with a Neutral at Janney Capital... Canadian National (CNI) initiated with an Overweight at Atlantic Equities... Canadian Pacific (CP) initiated with an Overweight at Atlantic Equities... Cancer Genetics (CGIX) initiated with a Buy at Janney Capital... Denny's (DENN) initiated with a Buy at Longbow... Equity Residential (EQR) initiated with a Neutral at Janney Capital... Essex Property Trust (ESS) initiated with a Neutral at Janney Capital... Fifth Third (FITB) initiated with a Buy at Evercore ISI... Garrison Capital (GARS) initiated with a Buy at Maxim... GrubHub (GRUB) initiated with a Hold at Wunderlich... Hess Corp. (HES) initiated with a Market Perform at BMO Capital... Home Properties (HME) initiated with a Buy at Janney Capital... Huntington Bancshares (HBAN) initiated with a Buy at Evercore ISI... Intersect ENT (XENT) initiated with a Buy at CRT Capital... Jack in the Box (JACK) initiated with a Neutral at Longbow... KeyCorp (KEY) initiated with a Hold at Evercore ISI... LogMeln (LOGM) initiated with a Neutral at JPMorgan... Marathon Oil (MRO) initiated with a Market Perform at BMO Capital... Marvell (MRVL) initiated with an Outperform at Cowen... Masonite (DOOR) initiated with an Outperform at Macquarie... Mid-America Apartment (MAA) initiated with a Buy at Janney Capital... Natures Sunshine Products (NATR) initiated with an In-Line at Imperial Capital... Nielsen (NLSN) initiated with an Outperform at Telsey Advisory... Plug Power (PLUG) initiated with an Equal Weight at Morgan Stanley... Post Properties (PPS) initiated with a Neutral at Janney Capital... QTS Realty Trust (QTS) initiated with a Buy at Evercore ISI... Rentrak (RENT) initiated with an Outperform at Telsey Advisory... RiceBran (RIBT) initiated with a Buy at Maxim... StarTek (SRT) initiated with a Buy at Lake Street... Tribune Media (TRCO) initiated with an Outperform at Wells Fargo... TrueCar (TRUE) initiated with a Hold at Wunderlich... UDR, Inc. (UDR) initiated with a Neutral at Janney Capital... comScore (SCOR) initiated with a Market Perform at Telsey Advisory.
06:55 EDTMROMarathon Oil added to U.S. Focus List at Credit Suisse
Subscribe for More Information
April 8, 2015
17:30 EDTMROMarathon Oil initiated with a Market Perform at BMO Capital
Subscribe for More Information
16:33 EDTEPDEnterprise Products raises quarterly distribution by 5.6% to 37.5c
Subscribe for More Information
13:39 EDTPXDPioneer Natural backs FY15 CapEx view $1.85B
Subscribe for More Information
08:42 EDTTSOTesoro price target raised to $99 from $90 at Cowen
Cowen raised its price target on Tesoro (TSO) to $99 from $90 as they do not see the potential growth of Tesoro Logistics (TLLP) fully reflected in its share price. The firm sees Tesoro shares as undervalued and reiterated its Outperform rating on the stock.
April 6, 2015
16:17 EDTEPDEnterprise Products increases capacity at Houston Ship Channel
Enterprise Products Partners announced the recent completion of an expansion project at its liquefied petroleum gas export terminal at the Houston Ship Channel, which will increase the facility’s capacity for loading fully refrigerated, low-ethane propane to 9M barrels per month. Enhancements to existing refrigeration infrastructure, designed to add 2,500 barrels per hour or 1.5 MMBbls per month of incremental loading capacity, will allow Enterprise to accommodate an additional three ships per month. Work is also progressing on construction of a new refrigeration train that will increase loading rates by another 11,000 BPH and is on schedule for completion in Q4. Once the final expansion phase has been completed, Enterprise will have the capability to load up to 16 MMBbls per month of LPG, which equates to 29 vessels.
09:24 EDTPSXPhillips 66 management to meet with Oppenheimer
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use