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Stock Market & Financial Investment News

News Breaks
January 15, 2013
17:21 EDTWNRWestern Refining increases dividend 50% to 12c per share
Western Refining announced its board of directors approved a 12c per share dividend for Q1. The dividend will be paid on February 14 to shareholders of record on January 30. "This is the second dividend increase since Q1 of 2012 and represents a 50% increase from the Q4 dividend," said CEO Jeff Stevens.
News For WNR From The Last 14 Days
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September 25, 2014
17:48 EDTWNRWestern Refining Logistics to acquire wholesale business from WNR for $360M
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September 17, 2014
05:38 EDTWNRWestern Refining to acquire Wingate Plant, assets from ConocoPhillips
Western Refining (WNR) announced that it has entered into an agreement for the acquisition of the 25,000 bpd idled Wingate Fractionation Plant in Gallup, New Mexico from ConocoPhillips (COP). The Wingate facility includes rail loading and offloading capabilities and storage facilities in addition to natural gas liquids fractionation capability. The transaction is expected to close in early October. Terms of the transaction were not disclosed. Jeff Stevens, Western's president and CEO said, "The strategic location of the Wingate facility is a great addition to the logistical assets of Western. It is conveniently located near our Gallup Refinery. This transaction will afford Western greater flexibility in the Four Corners region as it will provide approximately 125,000 barrels of pipeline-connected seasonal NGL storage for our Gallup Refinery; crude oil loading and transportation capabilities, both east and west, through the rail loading terminal; and pipeline connectivity to Western Refining Logistics (WNRL) assets."

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