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Energy (ex-clean energy) has been the worst sector of the market for so long, many investors have simply written it off. Yet as the polar-vortex descended on Texas, and as the global economy recovers, investors are reminded of the strategic importance of oil and gas. Longer term, ...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Cold snap A deep freeze enveloping large swathes of the U.S. has resulted in rolling blackouts for at least 5M people from the upper Midwest to Houston. Mo...
A deep freeze enveloping large swathes of the U.S. has resulted in rolling blackouts for at least 5M people from the upper Midwest to Houston to avoid a total collapse of their grids. More than a million barrels a day of oil and 10B cubic feet of gas production have also gone offline, sending...
Seth Klarman’s 13F portfolio value increased from $9.25B to $10.84B this quarter. Baupost Group added Intel, Marathon Petroleum, and a slew of SPACs during the quarter. The portfolio continues to be heavily concentrated with the top three positions accounting for ~36% of th...
The Arctic cold snap descending across Texas has shut oil refineries in the state, forced restrictions from natural gas pipeline operators, and caused the state's electric grid operator to impose rotating blackouts.Saudi-owned Motiva Enterprises says it is shutting down its Port Arthur, Tex.,...
Seth Klarman's Baupost fund takes new positions in Intel (INTC) with 18.18M shares and Marathon Petroleum (MPC) with with 7.69M shares, according to its latest 13F filing.Exits stakes in HP (HPQ), HD Supply (HDS) and McKesson (MCK).Added to holdings in Qorvo (QRVO) to 4.44M shares from 2.96M&...
It feels odd to write about an old-school oil refiner in an era of Tesla, Bitcoin, ESG, and renewable energy. But the fact is, the vast majority of the US car-and-truck fleet still runs on gasoline and diesel, and refiners are critical in supplying fuel. For Marathon, the biggest ...
Marathon Petroleum reported an adjusted loss of $0.94 per share, which beat analysts' expectations. The company anticipates its Speedway business's sale to a Japanese retail group, 7-Eleven, to close by Mar. 31, 2021. MPC is a good long term investment, but the stock seems a bit r...
Marathon posted solid Q4 numbers beating both on EPS and Revenue. Marathon is committed to cleaning up their balance sheet and focusing on renewables going forward. Marathon still pays a strong dividend that is yielding just under 5%. For further details see: Marathon Pe...
A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion And Contender Highlights: We...
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Blackcomb Pipeline Reaches Final Investment Decision to Transport Growing Natural Gas Production from the Permian Basin to the Gulf Coast Region PR Newswire AUSTIN, Texas , July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE: M...
An emergency food pantry in Dickinson, North Dakota, recently got help in meeting local needs after issuing a public call for assistance via social media. The Association to Meet Emergency Needs pantry needed to replenish its supply shelves, prompting support from Marathon Petroleum's Dick...
NORTHAMPTON, MA / ACCESSWIRE / July 16, 2024 / Marathon Petroleum Corporation The Port of Long Beach, California, is supporting an effort to reduce debris in the port with devices that collect trash from the surface of the water. Marathon Pipe Line installed two electric trash skimmers ...