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News Breaks | | | | March 12, 2013 | | 08:04 EDT |  | VLO, WNR, MRO, TSO, HOC, FTO | Oil 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 | |
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News For VLO;WNR;MRO;TSO;HOC;FTO From The Last 14 Days Check below for free stories on VLO;WNR;MRO;TSO;HOC;FTO the last two weeks. |
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| May 24, 2013 | | 11:44 EDT | | TSO, VLO | Kinder Morgan drawing little interest for Freedom pipeline, WSJ says
 Subscribe for More Information | | | May 23, 2013 | | 08:44 EDT |  | MRO | Marathon Oil provides divestiture update
As previously announced, Marathon Oil had engaged in discussions with respect to a potential sale of a portion of the company's 20% outside-operated interest in the Athabasca Oil Sands Project, or AOSP, in Alberta, Canada. An agreement was not reached with the prospective purchaser and negotiations have been terminated. Marathon Oil is not engaged in further discussions with respect to a potential sale of these assets; however, the Company will continue to evaluate ways to optimize its portfolio for profitable growth and to deliver value to shareholders. As such, the Company's stated goal of divesting between $1.5B-$3B in assets over the period of 2011 through 2013 remains intact. As of May 22, Marathon Oil has agreed upon or closed on approximately $1.3B in divestitures. | | | May 21, 2013 | | 08:08 EDT |  | TSO | Tesoro price target raised to $75 from $65 at Oppenheimer
Oppenheimer increased its target on Tesoro to reflect the company's acquisition of a Carson City, CA, refinery and related assets, after regulators approved the deal last Friday. The firm believes that the deal will create significant value for Tesoro shareholders, and it keeps an Outperform rating on the stock. | | | 07:36 EDT |  | MRO | UBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast Link | | | May 20, 2013 | | 10:05 EDT | | VLO | Valero could seek to form logistics MLP by year end, SA Biz Journal says
Subscribe for More Information | | | 09:12 EDT | | TSO | Tesoro price target rasied to $120 from $92 at Barclays
Barclays raised Tesoro estimates following the Carson City approval from the FTC and California Attorney General, without any divestitures. Shares are Overweight rated. | | | 08:41 EDT | | TSO | Tesoro price target raised to $69 from $58 at Imperial Capital
Imperial Capital raised its price target for Tesoro after the FTC cleared the company's acquisition of BP Carson. The firm keeps an Outperform rating on the stock. | | | 08:37 EDT | | TSO | Tesoro removed from U.S. Key Call List at UBS
Subscribe for More Information | | | 07:41 EDT | | MRO | Mitsubishi UFJ Securities to host an energy tour
May Energy Tour travels throughout the Houston and San Antonio area on May 20-23. | | | May 17, 2013 | | 16:21 EDT |  | TSO | On The Fly: Closing Wrap
Subscribe for More Information | | | | 13:18 EDT | | TSO | Tesoro, Tesoro Logistics in $640M deal for Carson logistics assets
Subscribe for More Information | | | 13:11 EDT |  | TSO | Tesoro sees BP deal adding 50c to FY13 EPS
Subscribe for More Information | | | 13:09 EDT | | TSO | Tesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. | | | May 16, 2013 | | 14:46 EDT | | TSO | Tesoro may take over BP California assets as soon as June 1, Reuters says
Subscribe for More Information | | | 14:32 EDT | | TSO | Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1
Subscribe for More Information | | | 07:37 EDT | | VLO, WNR, TSO | Morgan Stanley to host a conference
Refining Corporate Access Day is being held in New York on May 16. | | | May 15, 2013 | | 17:26 EDT | | TSO | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 17:18 EDT | | VLO, TSO, MRO | BP Capital gives quarterly update on stakes
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