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Stock Market & Financial Investment News

News Breaks
June 25, 2014
08:50 EDTWNR, TSO, MRO, EPD, PSX, HFC, PXD, VLORefiners 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
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March 3, 2015
07:32 EDTEPDBarclays to hold a conference
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March 2, 2015
09:47 EDTEPDEnterprise Products discloses investigative demand, subpoena from FTC
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February 27, 2015
12:22 EDTVLOValero Energy Partners acquires certain Valero terminating businesses for $671M
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February 26, 2015
16:41 EDTMROMcJunkin Red Man signs supply contract extension with Marathon Oil
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14:03 EDTHFCHollyFrontier upgraded to Outperform from Peer Perform at Wolfe Research
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06:15 EDTWNRWestern Refining reports Q4 EPS excl items $1.19, consensus 98c
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February 25, 2015
13:47 EDTHFCHollyFrontier reports Q4 EPS ($1.13), may not compare to consensus 22c
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08:26 EDTEPDEnterprise Products probed by FTC after rivals complain, WSJ says
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February 24, 2015
13:03 EDTPXDPioneer Natural shares recommended at Credit Suisse
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09:38 EDTHFCHollyFrontier downgraded to Sell from Trim at Tudor Pickering
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08:59 EDTEPDEnterprise Products to host analyst day
Analyst Day to be held in Houston, Texas on February 25 at 9 am. Webcast Link
08:20 EDTEPDEnterprise, Anadarko, DCP, MarkWest form joint venture for Panola
Enterprise Products Partners (EPD), Anadarko Petroleum (APC), DCP Midstream Partners (DPM) and MarkWest Energy Partners (MWE) announced the formation of a joint venture under which Enterprise will assign 45% ownership interest in its wholly owned Panola Pipeline Company. The interest will be evenly divided among Anadarko’s affiliate, WGR Asset Holding Company, DCP Midstream Partners and MarkWest. Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest. The Panola Pipeline, which transports natural gas liquids, originates in Carthage, Texas and extends 181 miles to Mont Belvieu, Texas. Incremental capacity is expected to be available in 1Q16. This corrects the symbol for Enterprise Products Partners.
07:30 EDTTSOJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 23, 2015
07:37 EDTMROCredit Suisse to hold a summit
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February 20, 2015
17:08 EDTPSXPhillips 66 awarded $348.56M government contract for aviation turbine fuel
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February 19, 2015
09:59 EDTVLOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
09:12 EDTMROOn The Fly: Pre-market Movers
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08:15 EDTPXDPioneer Natural has a conference call hosted by JPMorgan
JPMorgan Analyst Allman will host a conference call with CEO Scott Sheffield on February 20 at 11 am.
06:30 EDTVLOValero upgraded to Buy from Hold at Deutsche Bank
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04:26 EDTTSOStocks with implied volatility movement; TSO RIG
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