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Stock Market & Financial Investment News

News Breaks
April 22, 2014
07:37 EDTTSO, MRO, PSX, HFC, VLO, WNRIncreased refiner exporting playing a role in high gas prices, WSJ says
Gasoline futures climbed a bit over 1% a gallon Monday and are up 11% for the year. While gasoline prices often rise ahead of summer, more gasoline being exported by refiners plays a "prominent" role in the current rally, said The Wall Street Journal, citing analysts. Publicly traded refiners include HollyFrontier (HFC), Marathon Oil (MRO), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Reference Link
News For WNR;HFC;MRO;VLO;PSX;TSO From The Last 14 Days
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December 19, 2014
10:12 EDTTSOHigh option volume stocks
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December 18, 2014
14:56 EDTPSXMeritage Midstream announces January startup of NGL Pipeline
Meritage Midstream Services II announced that operations on the first 108-mile leg of the Thunder Creek NGL Pipeline will begin in January 2015. The FERC-regulated pipeline will be owned and operated by Thunder Creek NGL Pipeline, LLC, a wholly owned subsidiary of Meritage. The 108-mile pipeline serves producers in Wyoming’s prolific Powder River Basin and consists of 22 miles of newly constructed pipeline and an additional 86 miles secured through a long-term lease from Phillips 66 (PSX). The pipeline has an initial capacity to transport 15,000 barrels per day (bbls/d). Meritage expects to expand the pipeline’s capacity to 30,000 bbls/d as shipper demand increases. The pipeline originates at the 50 Buttes Natural Gas Processing Complex near Gillette, Wyoming, and terminates at an interconnect with Phillips 66’s Powder River Pipeline near Douglas, Wyoming. The Phillips 66 Powder River Pipeline delivers natural gas liquids to Phillips 66’s fractionation and refining complex near Borger, Texas. The 50 Buttes Plant is owned by Thunder Creek Gas Services, L.L.C., also a wholly owned subsidiary of Meritage. Meritage also announced that it will begin construction of a 140-mile extension of the NGL pipeline in early 2015. The 140-mile extension will include an interconnect near Cheyenne, Wyoming, into the Overland Pass Pipeline Company’s 760-mile pipeline that provides NGL deliveries to the Mid-Continent market center in Conway, Kansas. This extension is expected to come into service during the first quarter of 2016.
10:01 EDTPSXOn The Fly: Analyst Upgrade Summary
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09:04 EDTVLOValero downgraded to Hold from Buy at Deutsche Bank
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09:03 EDTPSXPhillips 66 upgraded to Buy from Hold at Deutsche Bank
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December 17, 2014
17:03 EDTMROMarathon Oil sees FY15 CapEx approximately $4.3B-$4.5B
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07:19 EDTVLO, TSO, WNR, PSX, HFCIndependent Refiners sector cut to Market Weight at Wells Fargo
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07:14 EDTHFCHollyFrontier downgraded to Market Perform from Outperform at Wells Fargo
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06:59 EDTHFC, VLOMarathon Petroleum, Valero, HollyFrontier made bids for Citgo, Reuters says
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December 15, 2014
10:00 EDTMROOn The Fly: Analyst Initiation Summary
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10:00 EDTHFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
10:00 EDTPSXOn The Fly: Analyst Upgrade Summary
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08:55 EDTMROMarathon Oil coverage resumed with a Neutral at Goldman
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06:59 EDTPSXPhillips 66 upgraded to Buy from Neutral at BofA/Merrill
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06:56 EDTHFCHollyFrontier downgraded to Neutral from Buy at BofA/Merrill
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December 10, 2014
08:12 EDTTSOTesoro price target raised to $100 from $86 at Credit Suisse
Credit Suisse raised Outperform rated Tesoro's price target to $100 following the growth strategy update.
December 9, 2014
08:15 EDTTSOTesoro to outline potential drop down assets of at least $500M potential EBITDA
Tesoro (TSO) and Tesoro Logistics (TLLP) will host their annual analyst and investor day. At the meeting, Tesoro will outline potential drop down assets that represent at least $500M of potential EBITDA for the logistics business. These drop downs compliment the substantial organic growth opportunities being executed by this business, the company stated.
08:14 EDTTSOTesoro Logistics accelerates timeline to reach $1B of EBITDA to 2017
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08:13 EDTTSOTesoro expects to exceed 2014 improvement targets by over 30%
Tesoro (TSO) and Tesoro Logistics (TLLP) will host their annual analyst and investor day and the companies will provide details on the specific initiatives underway which will drive growth and create value for shareholders and unitholders. They will also provide a full-year 2015 financial outlook and detailed longer-term financial goals. "I am proud to report that in 2014 we have not only met, but we expect to exceed our targets by 30%. "In 2015, we expect to continue this momentum and deliver over $550M of additional improvements which will significantly increase shareholder value by capitalizing on our strong position on the West Coast, capturing margin improvements across our value chain and growing our logistics business," said Greg Goff, Tesoro President and CEO.

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