Oil & Gas Refining & Marketing

(CLMT) A High-Yielding MLP? Look Closer

Master limited partnerships (MLPs) are known for paying attractive yields, but 24.2% is extraordinarily high, even for this category of investments. So, when a member called up asking how Northern Tier Energy L.P. (NTI) could have such a high indicated yield, I was admittedly perplexed. High yields...

11Oct2013 | | Comments Off on (CLMT) A High-Yielding MLP? Look Closer | Continued

(TSO) Tesoro Logistics LP and Tesoro Ink a Deal

Independent refiner Tesoro Corporation (TSO) announced that it has entered into a deal with its affiliate Tesoro Logistics LP (TLLP).

Per the contract, TLLP...

15Aug2013 | | Comments Off on (TSO) Tesoro Logistics LP and Tesoro Ink a Deal | Continued

(MRO) Marathon Oil Corporation Earnings Preview

Leading integrated oil and gas firm Marathon Oil Corporation (MRO) is scheduled to report its first-quarter 2013 results on Tuesday, May 7, after the market closes.

In the fourth quarter of 2012, Marathon Oil delivered a negative...

23May2013 | | Comments Off on (MRO) Marathon Oil Corporation Earnings Preview | Continued

(MRO) Marathon Oil Misses Earnings and Revenues

Leading integrated oil and gas firm Marathon Oil Corporation (MRO) reported weak first quarter profits, given the rise in exploration costs. The company announced earnings (excluding special items) of 51 cents per share, far below...

23May2013 | | Comments Off on (MRO) Marathon Oil Misses Earnings and Revenues | Continued

(VLO) Valero Energy Poised At Neutral

We reaffirmed our Neutral recommendation on the largest North American independent refiner and marketer of petroleum products Valero Energy Corporation (VLO), on May 14, 2013. Riding on growth in refining throughput margins, the company...

20May2013 | | Comments Off on (VLO) Valero Energy Poised At Neutral | Continued

(WNR) Western Refining Downgraded to Hold

On Apr 17, Zacks Investment Research downgraded energy downstream operator, Western Refining Inc. (WNR), to a Zacks Rank #3 (Hold).

Why the Downgrade?

Western Refining is an independent refiner and marketer...

2May2013 | | Comments Off on (WNR) Western Refining Downgraded to Hold | Continued

(TSO) Tesoro Downgraded to Neutral

On Apr 11, 2013, we downgraded independent refiner Tesoro Corp. (TSO) to Neutral from Outperform, concerned by the Environmental Protection Agency’s (EPA) proposed new gasoline standards. Our revised investment thesis is supported...

21Apr2013 | | Comments Off on (TSO) Tesoro Downgraded to Neutral | Continued

(MPC) Marathon Petroleum to Reverse Pipeline

Independent oil refiner and marketer Marathon Petroleum Corporation (MPC) is planning to reverse the Capline pipeline to transport oil from the Midwest to the Gulf Coast refining belt. The reversal will help in draining the excess...

11Feb2013 | | Comments Off on (MPC) Marathon Petroleum to Reverse Pipeline | Continued

(MPC) Marathon Petroleum Corporation – Bull of the Day

We are maintaining our Outperform recommendation on Marathon Petroleum Corp. (MPC). Spun out of parent Marathon Oil Co. in 2011, the company is a leading refiner and marketer of petroleum products in the U.S.

Our bullish investment...

9Nov2012 | | Comments Off on (MPC) Marathon Petroleum Corporation – Bull of the Day | Continued

(HES) Hess to Offload Azeri, Chirag and Guneshli Stakes

Hess Corporation (HES) plans to shed its stake in oil fields in Azerbaijan and an associated pipeline to India’s ONGC Videsh Ltd. The transaction ? expected to close by early 2013 and subject to the Indian and other government and...

10Sep2012 | | Comments Off on (HES) Hess to Offload Azeri, Chirag and Guneshli Stakes | Continued

(TSO) Tesoro Corporation – Bull of the Day

Buoyed by heightened investor interest and a slew of positive developments, we are upgrading Tesoro Corporation (TSO) shares to Outperform from Neutral. The company’s decision to resume dividend payouts and the announcement of...

5Sep2012 | | Comments Off on (TSO) Tesoro Corporation – Bull of the Day | Continued

(MRO) Marathon Oil Profit Meets Estimate

Oil and natural gas exploration and production firm Marathon Oil Corporation (MRO) reported in-line second quarter 2012 profits, as robust volumes from the company’s key resource plays was offset by a drop in crude oil and natural...

22Aug2012 | | Comments Off on (MRO) Marathon Oil Profit Meets Estimate | Continued

(MPC) Marathon Petroleum Corporation – Bull of the Day

We are maintaining our Outperform recommendation on Marathon Petroleum (MPC). Spun out of parent Marathon Oil Co. in 2011, the company is a leading refiner and marketer of petroleum products in the U.S. Our bullish investment theme...

7Jun2012 | | Comments Off on (MPC) Marathon Petroleum Corporation – Bull of the Day | Continued

(SUN) Sunoco Incorporated – Bear of the Day

A weak business model, geographically condensed asset base and operational hindrances compel us to downgrade Sunoco, Inc. (SUN) to Underperform from Neutral. Our pessimistic outlook on the stock is fueled by the company’s poorly...

6Mar2012 | | Comments Off on (SUN) Sunoco Incorporated – Bear of the Day | Continued

(SUN) Sunoco Incorporated – Bear of the Day

A weak business model, geographically un-diversified asset base and operational hindrances compel us to downgrade Sunoco, Inc. (SUN) to Underperform from Neutral. Our pessimistic outlook on the stock is fueled by the company’s...

24Feb2012 | | 0 comments | Continued

(MUR) Murphy Oil Analyst Maintains Neutral on Shares

We maintain our long-term Neutral recommendation on Murphy Oil Corporation (MUR) as the company continues to operate in a very competitive environment with peers having greater resources, which continues to impact Murphy’s profitability...

28Nov2011 | | 0 comments | Continued

(TSO) Tesoro Corporation 2011 Third Quarter Earnings Scorecard

Earlier this month, independent refiner Tesoro Corporation (TSO) announced its financial results for the third quarter 2011.

Now that the analysts have had some time to ponder over the quarterly performance...

10Nov2011 | | 0 comments | Continued

(MUR) Murphy Oil Beats Expectations

Murphy Oil Corporation (MUR) engaging in the exploration, production, refining and marketing of oil and gas in the U.S. and the U.K announced third-quarter 2011 income from continuing operations of $1.73 per share, surpassing the Zacks...

6Nov2011 | | 0 comments | Continued

(SSL) Natural Gas-to-Liquids Coming to U.S.

Attentive investors may have noted an announcement last week by the large South Africa-based energy and chemicals company Sasol (SSL).

The firm said it was commencing an eighteen-month feasibility study to determine the commercial...

21Sep2011 | | 0 comments | Continued

(SUN) Sunoco Upgraded to Neutral

Following Sunoco Inc’s (SUN) announcement to exit the refining business, we have upgraded the Philadelphia, Pennsylvania-based downstream operator’s shares to Neutral from Underperform.

Last week, Sunoco...

19Sep2011 | | 0 comments | Continued

(ALJ) Stock Market News for September 19, 2011 – Market News

On Friday, U.S. markets inched up to close in the green with the S&P 500 recording its highest rally since July 2011. Hopes of EU overcoming its sovereign debt crisis gathered strength after Treasury Secretary Timothy Geithner said US would join other EU leaders to seek out a solution to the euro...

19Sep2011 | | 0 comments | Continued

(VLO) Valero Energy – Bull of the Day

Valero Energy’s (VLO) second quarter earnings climbed more than 39% year over year. The growth was backed by the overall improvement in the refining environment and higher feedstock discounts. Valero Energy remains enthusiastic...

12Sep2011 | | 0 comments | Continued

(TSO) Tesoro Corporation – Bull of the Day

We maintain our long-term Outperform recommendation on Tesoro Corporation (TSO) following a stellar second quarter 2011 performance. Higher throughput, improved margin environment and efficient operational performance aided the company...

19Aug2011 | | 0 comments | Continued

(TSO) Tesoro Maintains Earnings Momentum

Independent refiner Tesoro Corporation (TSO) came out with impressive second-quarter 2011 results, driven by higher throughput, improved margin environment and solid operational performance.

Earnings per share (excluding special...

5Aug2011 | | 0 comments | Continued

(SUN) Sunoco Spreads Retail Network

In an attempt to expand its retail web, Sunoco Inc. (SUN) added 13 sites of its namesake brand in Birmingham, Alabama. The expansion was done under the terms of an agreement entered into with Quality Petroleum of Alabama and Chattahoochee...

30Jun2011 | | 0 comments | Continued

(HES) Rewards Even Out Risks at Hess

We are maintaining our long-term Neutral recommendation for Hess Corporation (HES). The company’s lower-than-expected first quarter 2011 results and tempered production outlook for 2011 were balanced by the ramp-up in activities...

29Jun2011 | | 0 comments | Continued

(SUN) Sunoco Analyst Maintains Underperform on Shares

We have maintained our Underperform recommendation on oil refiner and marketer Sunoco Inc (SUN). Lately, investors have been selling the stock for its weak fundamentals and tepid outlook. The disappointing first quarter results have...

29Jun2011 | | 0 comments | Continued

(SUN) Sunoco Incorporated – Bear of the Day

We are maintaining our Underperform recommendation on Sunoco Inc. (SUN), based on a number of issues that have stalled the company’s stock price. Sunoco’s operational reliability issues and increased unscheduled downtime...

28Jun2011 | | 0 comments | Continued

(VLO) Valero Energy’s Refinery to Run at Full Steam

Valero Energy Corp’s (VLO) Port Arthur, Texas refinery, which has refining throughput capacity of 287,000 barrels per day (bpd), will be running at full steam from this weekend.

Activity at the refinery had slowed since June...

19Jun2011 | | 0 comments | Continued

(MRO) Marathon Spin-off Clears SEC Hurdle

Following completion of the review process by U.S. Securities and Exchange Commission (“SEC”) and declaration of the ‘Registration Statement’ as effective, leading integrated energy firm Marathon Oil Corporation (MRO) has completed...

9Jun2011 | | 0 comments | Continued