Canadian convenience store operator Alimentation Couche-Tard Inc, Japanese peer Seven & i Holdings Co and private equity firm TDR Capital are preparing to submit rival bids this week for Marathon Petroleum Corp’s gas station network Speedway, according to people familiar with the matter. Source: Industry Insights
Delivery of Crude Oil From Bakken Shale at Risk From Pipeline Shutdown Orders
Earlier this month, a U.S. district court judge ordered the Dakota Access Pipeline temporarily shut down and drained by Aug. 5, when a federal judge found that the U.S. Army Corps of Engineers violated the National Environmental Policy Act. But the pipeline operator, Energy Tran Source: Industry Insights
XOP, CLR, PE, MPC: ETF Inflow Alert
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Oil & Gas Exploration & Production ETF (Symbol: XOP) where we have detected an approximate $101.2 million dollar inflow Source: Industry Insights
3 “Strong Buy” Dividend Stocks With Payouts Over 5%
Out on the Street, focus has landed squarely on a new stimulus package that may be announced as soon as next week. Congress is working on another COVID-19 aid package on top of the $3 trillion already pumped into the economy to mitigate the pandemic’s negative impact, but investors are wondering how the government is […]
Stock Market Rally Loses Energy as Dow, S&P Drop on Falling Oil
Thursday wasn’t a good day for the stock market, although there were some pockets of strength in an otherwise gloomy session. The Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) were significantly lower, with the Dow losing more than 360 points. Source: Industry Insights
U.S. refiners ramp up crude imports from Mexico to 8-year high
U.S. crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country’s largest refinery in late June led it to offload more barrels. Source: Industry Insights
Energy Sector Update for 07/08/2020: PBR,EQNR,MUR,MPC
Energy stocks were little changed this afternoon, with the NYSE Energy Sector Index climbing less than 0.1%, reversing a small mid-day decline, while the SPDR Energy Select Sector ETF also up less than 0.1%. Source: Industry Insights
Energy Sector Update for 07/08/2020: EQNR,MUR,MPC
Energy stocks were edging lower this afternoon, with the NYSE Energy Sector Index falling 0.3% while the SPDR Energy Select Sector ETF was down 0.1%. Source: Industry Insights
XOP, CLR, HES, MPC: Large Inflows Detected at ETF
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Oil & Gas Exploration & Production ETF (Symbol: XOP) where we have detected an approximate $113.1 million dollar inflow Source: Industry Insights
Dakota pipeline investors could face major hit after adverse ruling
Large investors in the Dakota Access Pipeline, including Phillips 66, could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the shutdown of the major artery. Source: Industry Insights