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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:04 EDTTSO, VLO, FTO, MRO, HOC, WNROil groups say renewable fuel mandate creating imbalances, FT reports
A sharp rise in prices for ethanol credits, known as Renewable Identification Numbers or RINs, may incentivize refiners to export more finished products and discourage imports, according to a senior policy adviser to the American Petroleum Institute, reported Financial Times. For its part, Valero (VLO) said elevated RIN prices will eventually will be "reflected in the price at the pump and people in areas that are short refining capacity will notice it first, the report added. Reference Link
News For VLO;WNR;MRO;TSO;HOC;FTO From The Last 14 Days
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May 27, 2015
06:18 EDTTSO, VLOOppenheimer upgrades refiners on favorable fundamentals
Oppenheimer upgraded to Outperform from Perform shares of HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX) and Tesoro (TSO) saying favorable industry fundamentals will continue to support higher valuations. Wide crude differential, low natural gas prices, growing refined product exports and improved petroleum demand should drive shares of refiners higher, Opco tells investors in a research note. The firm also raised its price target for Outperform rated Valero (VLO) to $70 from $65.
06:14 EDTVLOValero price target raised to $70 from $65 at Oppenheimer
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06:13 EDTTSOTesoro upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Tesoro and other names in the Refining space saying favorable industry fundamentals will support higher valuations. The firm has a $105 price target for shares.
May 20, 2015
07:26 EDTMROUBS to hold a conference
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May 19, 2015
07:31 EDTWNRUBS to hold a conference
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May 17, 2015
18:21 EDTMROMarathon Oil seeks buyers for East African onshore blocks, Reuters says
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May 15, 2015
17:08 EDTWNRSoros Fund gives quarterly update on stakes
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06:01 EDTVLOValero remains a top pick at Goldman
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