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By Daniel Shvartsman The first half of 2019 saw a lot of green in the markets, as broader indices recovered from the brief bear market in the second half of 2018 and returned to new heights. Despite that, the wall of worry continued to grow, even if the specific concerns changed. I...
More crude is pumping through U.S. refineries, helping lift crude oil distillation capacity rates to a 38-year high earlier this year, the Department of Energy reports. More news on: Valero Energy Corporation, Phillips 66, Marathon Petroleum Corporation, Energy stocks news, Read more...
Williams Cos. ( WMB +2.9% ) is upgraded to Strong Buy from Outperform with a $32 price target at Raymond James, where analyst Justin Jenkins says shares are trading at a 20% discount to his sum-of-the-parts value. More news on: The Williams Companies, Inc., Kinder Morgan, Inc., Holly E...
Philadelphia Energy Solutions will permanently shut its oil refinery within the next month after last week's massive fire caused substantial damage to the complex, says Philadelphia Mayor Jim Kenney. More news on: The Carlyle Group L.P., Energy Transfer LP, PBF Energy Inc., Energy stoc...
This morning's fire at the Philadelphia Energy Solutions' 335K bbl/day refinery in Pennsylvania is "a serious outage that's going to greatly affect the East Coast [gasoline market] in particular." More news on: Energy Transfer LP, PBF Energy Inc., Valero Energy Corporation, Energy sto...
Wonder Why I Look at Insider Buying? This is Why This week, I noted significant insider buying activity in both Marathon Petroleum (MPC) and PBF Energy (PBF). I combined those items with the acquisition of a Shell (RDS.A) (RDS.B) refinery in California by PBF to give me enough insight to get...
Pres. Trump has directed his Cabinet to review the expanded use of waivers exempting small refineries from U.S. biofuel policy, after hearing from angry farmers during his recent Midwest tour, Reuters reports. More news on: Invesco WilderHill Clean Energy Portfolio ETF, First Trust NASDA...
Energy stocks ( XLE +1.7% ) sprint to the top of today's S&P sector standings after Iran shot down a U.S. military drone it claimed was over its airspace. More news on: Energy Select Sector SPDR ETF, Exxon Mobil Corporation, Chevron Corporation, Energy stocks news, Stocks on the mo...
Buffeted by tariffs and sanctions decisions as well as limited access to heavier crudes, Valero’s ( VLO ) first-quarter results fell well below those of a year ago. Now, with a reduced stock price, strong dividend yield, good capital program, ethanol and renewable diesel segment expansi...
The American Fuel and Petrochemical Manufacturers lobby group files a lawsuit attempting to block the Trump administration's effort to expand sales of higher ethanol blends of gasoline, escalating the battle between the oil and corn industries over U.S. biofuel policy. More news on: Arch...
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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 30, 2024 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“ Hampton ” or the “ Company ”, TSXV:HFC) today announced its financial results for the ...
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 29, 2024 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“ Hampton ” or the “ Company ”, TSXV:HFC) today announced its financial results for the...
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“ Hampton ” or the “ Company ”, TSXV:HFC) advises that it has closed its acquisition of...