After updating investors on its wide-ranging gene therapy research program at a key industry conference early in the month,shares ofbluebird bio(NASDAQ:BLUE) surged 20.7% higher in January,according toS&P Global Market Intelligence.
At the J.P. Morgan Healthcare Conference in early January, Bluebird Bio’s management outlined how it hopes to transform treating rare disease, including cerebral ALD (CALD), transfusion dependent beta thalassemia (TDT), and sickle cell disease.
Image source: Getty Images.
The company provided an outlook for 2022 that includes a goal of having two gene therapies on the market, two other therapies near commercialization, and four or more research programs in clinical studies.
In 2017, Bluebird Bio’s plans include prepping a filing of its TDT therapy, LentiGlobin, for approval in Europe, and developing a pathway to regulatory approval of its CALD therapy, Lenti-D.
Top 5 Energy Stocks To Buy For 2021: Exxon Mobil Corporation(XOM)
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products. As of December 31, 2015, the company had approximately 35,909 gross and 30,114 net operated wells. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.
- [By Logan Wallace]
Stock analysts at Tudor Pickering started coverage on shares of Exxon Mobil (NYSE:XOM) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set a “hold” rating and a $82.49 price target on the oil and gas company’s stock. Tudor Pickering’s target price points to a potential upside of 0.68% from the stock’s previous close.
- [By ]
That’s seldom true. Just about every company on the planet goes through the occasional slump — even profit powerhouses like Apple (Nasdaq: APPL). Oil prices are notoriously cyclical, but that hasn’t stopped ExxonMobil (NYSE: XOM) from raising dividends for 37 straight years.
Top 5 Energy Stocks To Buy For 2021: Chevron Corporation(CVX)
Chevron Corporation (Chevron), incorporated on January 27, 1926, manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining activities, power generation and energy services. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; transporting, storage and marketing of natural gas, and a gas-to-liquids project. Downstream operations consist primarily of refining crude oil into petroleum products; marketing of crude oil and refined products; transporting crude oil and refined products by pipeline, marine vessel, motor equipment and rail car, and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.
At December 31, 2012, Chevron owned or had under lease or similar agreements undeveloped and developed crude oil and natural gas properties worldwide. Upstream activities in the United States are concentrated in California, the Gulf of Mexico, Colorado, Louisiana, Michigan, New Mexico, Ohio, Oklahoma, Pennsylvania, Texas, West Virginia and Wyoming. During the year ended December 31, 2012, average net oil-equivalent production in the United States was 655,000 barrels per day. In 2012, net daily production averaged 163,000 barrels of crude oil, 70 million cubic feet of natural gas and 4,000 barrels of natural gas liquids (NGLs). During 2012, net daily production for the Companys combined interests in the Gulf of Mexico shelf and deepwater areas, and the onshore fields in the region, were 153,000 barrels of crude oil, 395 million cubic feet of natural gas and 16,000 barrels of NGL.
The! Company was engaged in various exploration and development activities in the deepwater Gulf of Mexico during 2012. As of December 31, 2012, it had a 50% working interest in Jack and a 51% working interest in St. Malo Field. During 2013, the Company had 42.9% non-operated working interest in the Tubular Bells Field; 20.3% non-operated working interest in the Caesar and Tonga area, and 15.6% non-operated working interest in the Mad Dog II Project. The Company activities in the mid-continental United States include operated and non-operated interests in properties primarily in Colorado, New Mexico, Oklahoma, Texas and Wyoming. The Company holds leases in the Marcellus Shale and Utica Shale, primarily located in southwestern Pennsylvania, Ohio, and West Virginia, and in the Antrim Shale in Michigan. Other Americas is consistd of Argentina, Brazil, Canada, Colombia, Suriname, Trinidad and Tobago, and Venezuela. Net oil-equivalent production from these countries averaged 230,000 barrels per day during 2012, including the Companys share of synthetic oil production.
Chevrons interests in oil sands projects and shale acreage in Alberta, shale acreage and an LNG project in British Columbia, exploration, development and production projects offshore in the Atlantic region, and exploration and discovered resource interests in the Beaufort Sea region of the Northwest Territories. Average net oil-equivalent production during 2012, was 69,000 barrels per day, consisted of 25,000 barrels of crude oil, four million cubic feet of natural gas and 43,000 barrels of synthetic oil from oil sands. During 2012, the Company held a 20% non-operated working interest in the Athabasca Oil Sands Project (AOSP). In February 2013, Chevron acquired a 50%-owned and operated interest in the Kitimat LNG project and proposed Pacific Trail Pipeline, and a 50% non-operated working interest in 644,000 total acres in the Horn River and Liard shale gas basins in British Colombia; 26.9% non-operated working interest in the Hib! ernia Fie! ld and a 23.6 non-operated working interest in the unitized Hibernia Southern Extension (HSE) offshore Atlantic Canada, and 26.6% non-operated working interest in the heavy-oil Hebron Field, also offshore Atlantic Canada.
In December 2012, Chevron relinquished its 29.2% non-operated working interest in Exploration License 2007/26, which includes Block 4 offshore West Greenland. The Company holds operated interests in four concessions in the Neuquen Basin. Working interests range from 18.8% to 100%. In 2012, the net oil-equivalent production averaged 22,000 barrels per day, consisted of 21,000 barrels of crude oil and four million cubic feet of natural gas. During 2012, two exploratory wells targeting shale gas and tight oil resources were drilled in the Vaca Muerta formation in the El Trapial concession. Chevron holds working interests in three deepwater fields in the Campos Basin: Frade (51.7%-owned and operated), Papa-Terra and Maromba (37.5% and 30% non-operated working interests, respectively). Net oil-equivalent production in 2012 averaged 6,000 barrels per day, consisted of 6,000 barrels of crude oil and two million cubic feet of natural gas.
In Africa, the Company is engaged in upstream activities in Angola, Chad, Democratic Republic of the Congo, Liberia, Morocco, Nigeria, Republic of the Congo, Sierra Leone and South Africa. Net oil-equivalent production in Africa averaged 451,000 barrels per day during 2012. In Asia, the Company is engaged in upstream activities in Azerbaijan, Bangladesh, Cambodia, China, Indonesia, Kazakhstan, the Kurdistan Region of Iraq, Myanmar, the Partitioned Zone located between Saudi Arabia and Kuwait, the Philippines, Russia, Thailand, and Vietnam. During 2012, net oil-equivalent production averaged 1,061,000 barrels per day. In Australia, the Companys upstream efforts are concentrated off the northwest coast. During 2012, the average net oil-equivalent production from Australia was 99,000 barrels per day. In Europe, the Company is engag! ed in ups! tream activities in Bulgaria, Denmark, Lithuania, the Netherlands, Norway, Poland, Romania, Ukraine and the United Kingdom. Net oil-equivalent production in Europe averaged 114,000 barrels per day during 2012.
The Company markets petroleum products under the principal brands of Chevron, Texaco and Caltex worldwide. In the United States, the Company markets under the Chevron and Texaco brands. During 2012, the Company supplied directly or through retailers and marketers approximately 8,060 Chevron- and Texaco-branded motor vehicle service stations, primarily in the southern and western states. Approximately 470 of these outlets are company-owned or -leased stations. Outside the United States, the Company supplied directly or through retailers and marketers approximately 8,700 branded service stations, including affiliates. In British Columbia, Canada, the Company markets under the Chevron brand. The Company markets in Latin America and the Caribbean using the Texaco brand. In the Asia-Pacific region, southern Africa, Egypt and Pakistan, the Company uses the Caltex brand. The Company also operates through affiliates under various brand names. In South Korea, the Company operates through its 50%-owned affiliate, GS Caltex, and in Australia through its 50%-owned affiliate, Caltex Australia Limited.
The Company owns a 50% interest in its Chevron Phillips Chemical Company LLC (CPChem) affiliate. During 2012, CPChem owned or had joint-venture interests in 36 manufacturing facilities and two research development centers worldwide. The Companys Oronite brand lubricant and fuel additives business is a developer, manufacturer and marketer of performance additives for lubricating oils and fuels. The Company owns and operates facilities in Brazil, France, Japan, the Netherlands, Singapore and the United States and has interests in facilities in India and Mexico. Oronite lubricant additives are blended into refined base oil to produce finished lubricant packages us! ed primar! ily in engine applications, such as passenger car, heavy-duty diesel, marine, locomotive and motorcycle engines.
The Company owns and operates a network of crude oil, refined product, chemical, natural gas liquid and natural gas pipelines and other infrastructure assets in the United States. The Company also has direct and indirect interests in other the United States and international pipelines. All tankers in the Companys controlled seagoing fleet were utilized during 2012. During 2012, the Company had 51 deep-sea vessels chartered on a voyage basis, or for a period of less than one year. The Companys the United States-flagged fleet is engaged primarily in transporting refined products between the Gulf Coast and the East Coast and from California refineries to terminals on the West Coast and in Alaska and Hawaii. The foreign-flagged vessels are engaged primarily in transporting crude oil from the Middle East, Southeast Asia, the Black Sea, South America, Mexico and West Africa to ports in the United States, Europe, Australia and Asia. The Companys foreign-flagged vessels also transport refined products to and from various locations worldwide.
During 2012, the Company completed the sale of its Kemmerer, Wyoming, surface coal mine and the sale of its 50% interest in Youngs Creek Mining Company, LLC, which was formed to develop a coal mine in northern Wyoming.Chevron also owns and operates the Questa molybdenum mine in New Mexico. During 2012, it had 160 million tons of proven and probable coal reserves in the United States, including reserves of low-sulfur coal. The Companys Global Power Company manages interests in 11 power assets with a total operating capacity of more than 2,200 megawatts, primarily through joint ventures in the United States and Asia. Chevron Energy Solutions (CES) completed several public sector programs, including a microgrid at the Santa Rita jail in Alameda County, and renewable and e! fficiency! programs for Huntington Beach City School District, South San Francisco Unified School District and Union City, all in California, plus Rootstown Local School District in Ohio. The Companys energy technology organization supports Chevrons upstream and downstream businesses by providing technology, services and competency development in earth sciences; reservoir and production engineering; drilling and completions; facilities engineering; manufacturing; process technology; catalysis; technical computing, and health, environment and safety disciplines.
- [By ]
Last month, Chevron (NYSE: CVX) unveiled plans to acquire Anadarko Petroleum (NYSE: APC) for $33 billion in cash and stock. Anadarko execs signed on the dotted line, agreeing to a $1 billion breakup fee should the deal be scuttled for any reason. That was a mistake, particularly knowing there was another interested suitor.
- [By Garrett Baldwin]
See Now: Our founder just released his No. 1 pick for 2019. Don’t miss this. See the urgent briefing here…
Walt Disney Co. (NYSE: DIS) unveiled its highly anticipated streaming service on Thursday. The service, Disney+, will launch Nov. 12 and cost $6.99 per month or $69 per year. The service will include television shows and films from its extended universe of programming – including the Star Wars and Marvel series. Disney said that all of its new films will be available on the service as soon as their theatrical windows have ended. In merger news, Chevron Corp. (NYSE: CVX) announced plans to purchase Anadarko Petroleum Corp.(NYSE: APC) as the oil major continues to push into the U.S. shale business. Shares of APC popped 32% in pre-market hours after Chevron announced the $33 billion bid. This is the largest energy merger since 2016 after Royal Dutch Shell Plc. (NYSE: RDS.A) purchased BG Group. The news sent shares of companies that operate in the Permian basin in West Texas even higher this morning. Look for other earnings reports from PNC Financial Services Group Inc.(NYSE: PNC) and Infosys Ltd.(NASDAQ: INFY).
This Is How You Can Grow Incredibly Rich Buying Straight-Up Stocks
Right now, even with all the market uncertainty, there’s truly a ridiculous amount of money to be made from stocks if you follow this secret.
- [By Money Morning Staff Reports]
Or Icahn could be playing the long game, knowing that major oil producers are eyeing the Permian Basin as a long-term source of crude oil. It would be an ideal acquisition target for Exxon Mobil Corp. (NYSE: XOM) or Chevron Corp. (NYSE: CVX) in the future.
Top 5 Energy Stocks To Buy For 2021: Marathon Petroleum Corporation(MPC)
Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products, through various means, including barges, terminals and trucks that it owns or operates. It sells refined products to wholesale marketing customers domestically and internationally, buyers on the spot market, its Speedway business segment and to independent entrepreneurs operating Marathon retail outlets.
The Company has approximately 5,400 miles of crude oil and products pipelines that its owns, leases or which it has an ownership interest; ownership interest in Southern Access Extension (SAX) pipeline; approximately 20 owned or leased inland towboats and over 220 owned or leased inland barges, and ownership interest in a blue water joint venture with Crowley Maritime Corporation. The Company has approximately 60 owned and operated light product terminals with approximately 20 million barrels of storage capacity and over 190 loading lanes; over 20 owned and operated asphalt terminals with approximately four million barrels of storage capacity and over 70 loading lanes; a leased and two non-operated, partially-owned light product terminals; over 2,210 owned or leased railcars; over 60 million barrels of tank and cavern storage capacity at its refineries; over 30 rail and 30 truck loading racks at its refineries; over seven owned and 11 non-owned docks at its refineries; condensate splitters at its Canton and Catlettsburg refineries, and approximately 20 billion gallons of fuels distribution.
Refining & Marketing
The Company owns and operates approximately ! seven refineries in the Gulf Coast and Midwest regions of the United States with an aggregate crude oil refining capacity of 1,794 million barrels per calender day (mbpcd). The Company’s refineries process approximately 1,710 mbpd of crude oil and 180 mbpd of other charge and blendstocks. Its refineries include crude oil atmospheric and vacuum distillation, fluid catalytic cracking, hydrocracking, catalytic reforming, coking, desulfurization and sulfur recovery units. The refineries process a range of condensate, light and heavy crude oils purchased from various domestic and foreign suppliers. It produces a range of refined products, ranging from transportation fuels, such as reformulated gasolines, blend-grade gasolines intended for blending with ethanol and ultra-low sulfur diesel (ULSD) fuel, to heavy fuel oil and asphalt. Additionally, it manufactures aromatics, propane, propylene and sulfur. Its Garyville, Louisiana refinery is located along the Mississippi River in southeastern Louisiana between New Orleans and Baton Rouge. The Garyville refinery is configured to process a range of crude oils into gasoline, distillates, fuel-grade coke, asphalt, polymer-grade propylene, propane, slurry, sulfur and dry gas.
The Company’s Galveston Bay refinery is located on the Texas Gulf Coast approximately 30 miles southeast of Houston, Texas. The refinery can process a range of crude oils into gasoline, distillates, aromatics, heavy fuel oil, fuel-grade coke, refinery-grade propylene, sulfur and dry gas. Its Catlettsburg, Kentucky refinery is located in northeastern Kentucky on the western bank of the Big Sandy River, near the confluence with the Ohio River. The Catlettsburg refinery processes sweet and sour crude oils into gasoline, distillates, asphalt, aromatics, refinery-grade propylene and propane. Its Robinson, Illinois refinery is located in southeastern Illinois. The Robinson refinery processes sweet and sour crude oils into gasoline, distillates, propane, anode-grade coke, aromatics and slu! rry. Its ! Detroit, Michigan refinery is located in southwest Detroit. The Detroit refinery processes sweet and heavy sour crude oils into gasoline, distillates, asphalt, fuel-grade coke, chemical-grade propylene, propane, slurry and sulfur. Its Canton, Ohio refinery is located approximately 60 miles south of Cleveland, Ohio. The Canton refinery processes sweet and sour crude oils, including production from the nearby Utica Shale, into gasoline, distillates, asphalt, roofing flux, refinery-grade propylene, propane and slurry. Its Texas City, Texas refinery is located on the Texas Gulf Coast adjacent to its Galveston Bay refinery, approximately 30 miles southeast of Houston, Texas. The refinery processes light sweet crude oils into gasoline, chemical-grade propylene, propane, aromatics, slurry and dry gas.
The Company owns a biofuel production facility in Cincinnati, Ohio that produces biodiesel, glycerin and other by-products. The capacity of the plant is approximately 60 million gallons per year. The Company holds interests in ethanol production facilities in Albion, Michigan; Clymers, Indiana and Greenville, Ohio. The Company sells gasoline, gasoline blendstocks and distillates, including No. 1 and No. 2 fuel oils, jet fuel, kerosene and diesel fuel to wholesale customers, Marathon-branded independent entrepreneurs and its Speedway convenience stores and on the spot market. In addition, it sells diesel fuel and gasoline for export to international customers. It produces propane at its refineries. Propane is primarily used for home heating and cooking, as a feedstock within the petrochemical industry, for grain drying and as a fuel for trucks and other vehicles. It is a producer and marketer of feedstocks and specialty products. It produces and markets heavy residual fuel oil or related components, including slurry, at its refineries. It has refinery-based asphalt production capacity of approximately 100 mbpcd, which includes asphalt cements, polymer-modified asphalt, emulsified asphalt, industrial a! sphalts a! nd roofing flux. Its marine transportation operations includes approximately 20 owned and one leased towboat, as well as over 200 owned and 10 leased barges that transport refined products and crude oil on the Ohio, Mississippi and Illinois rivers and their tributaries and inter-coastal waterways.
The Company’s Speedway segment sells gasoline, diesel and merchandise through convenience stores that it owns and operates under the Speedway brand. The Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast. The Speedway convenience stores offer a range of merchandise, including prepared foods, beverages and non-food items. The Speedway segment owns approximately 100 transport trucks and over 80 trailers for the movement of gasoline and distillate.
The Company’s Midstream segment includes the operations of MPLX LP (MPLX) and certain other related operations. MPLX transports crude oil and other feedstocks to the Company’s refineries and other locations, delivers refined products to wholesale and retail market areas, gathers, processes and transports natural gas, and transports, fractionates, stores and markets natural gas liquids (NGLs). The Company owns, leases or has ownership interests in approximately 8,400 miles of crude oil and products pipelines, of which approximately 2,900 miles are owned through its investments in MPLX. Also through its investments in MPLX, it owns approximately 5,000 miles of gas gathering and NGL pipelines and has ownership interests in over 50 gas-processing plants, over 10 NGL fractionation facilities and a condensate stabilization facility.
- [By Matthew DiLallo]
Several factors drove the big uptick in cash flow last year. One of the biggest drivers was the acquisition of $8.1 billion of midstream assets from refining giant Marathon Petroleum (NYSE:MPC). In addition to that, MPLX benefited from the purchase of an export terminal from a third party, as well as organic expansions of its pipelines and gathering and processing business. Those same growth drivers have helped steadily increase MPLX’s cash flow over the years, which has enabled it to consistently send more cash back to investors.
- [By Jon C. Ogg]
Marathon Petroleum Corp. (NYSE: MPC) is rated as Buy with a $95 price objective. This was said to be based on an assessed cash flow value of it its refining and retail segments by treating the assets as annuities after stripping out the maintenance capital plus the market value of interest in publicly traded midstream businesses. Shares of Marathon were trading down 0.5% at $64.66.
Top 5 Energy Stocks To Buy For 2021: CVR Energy Inc.(CVI)
CVR Energy, Inc. (CVR Energy), incorporated on September 25, 2006, is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business consists of UAN and ammonia products.
The petroleum business, operated by the Refining Partnership, includes a complex full coking medium-sour crude oil refinery with a rated capacity of over 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery with a rated capacity of approximately 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oil (within its rated capacity of over 70,000 bpcd). The combined crude capacity represents approximately 22% of the region’s refining capacity. Its Coffeyville refinery’s product yield include gasoline (46%), diesel fuel (primarily ultra-low sulfur diesel) (43%), and pet coke and other refined products such as natural gas liquids (NGL) (propane and butane), slurry, sulfur and gas oil (11%). The Wynnewood refinery’s product yield included gasoline (52%), diesel fuel (primarily ultra-low sulfur diesel) (36%), asphalt (5%), jet fuel (4%) and other products (3%).
The Company owns and operates a crude oil g! athering system serving Kansas, Nebraska, Oklahoma, Missouri, Colorado and Texas. The system has field offices in Bartlesville and Pauls Valley, Oklahoma and Plainville, Winfield and Iola, Kansas. The petroleum business owns a pipeline system capable of transporting approximately 170,000 bpd of crude oil from its Broome Station facility located near Caney, Kansas to its Coffeyville refinery. Crude oils sourced outside of the gathering system are delivered by common carrier pipelines into various terminals in Cushing, Oklahoma, where they are blended and then delivered to the Broome Station tank farm via a pipeline owned by Plains Pipeline L.P. (Plains). The petroleum business also has a rack marketing division supplying product through tanker trucks directly to customers located in close geographic proximity to Coffeyville, Kansas and Wynnewood, Oklahoma and to customers at throughput terminals on Magellan Midstream Partners, L.P. (Magellan) and NuStar Energy, LP’s (NuStar) refined products distribution systems. The Coffeyville refinery has the capability to process blends of various crude oil ranging from heavy sour to light sweet crude oil. The Wynnewood refinery has the capability to process blends of various crude oil ranging from medium sour to light sweet crude oil, although isobutane, gasoline components, and normal butane are also typically used.
The Company competes with Phillips 66, HollyFrontier, CHS, Valero and Flint Hills Resources.
Nitrogen Fertilizer Business
The nitrogen fertilizer business, operated by the Nitrogen Fertilizer Partnership, is a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products, which are used primarily by farmers to manage the yield and quality of their crops. The nitrogen fertilizer facility includes a 1,300 ton-per-day ammonia unit, a 3,000 ton-per-day UAN unit and a gasifier complex having a capacity of approximately 90 million standard cubic feet per ! day of hy! drogen. The nitrogen fertilizer business’ principal products are UAN and ammonia. These products are manufactured at its facility in Coffeyville, Kansas. The nitrogen fertilizer business’ product sales are heavily weighted toward UAN and all of its products are sold on a wholesale basis. The nitrogen fertilizer business owns all of the truck and rail loading equipment at the nitrogen fertilizer facility. The nitrogen fertilizer business also utilizes over two separate UAN storage tanks, and related truck and railcar load-out facilities. Each of these facilities, located in Phillipsburg and Dartmouth, Kansas, has a UAN storage tank that has a capacity of over two million gallons, or approximately 10,000 tons. The Phillipsburg property that the terminal was constructed on is owned by a subsidiary of CVR Refining, which operates the terminal. The Dartmouth terminal is located on leased property owned by the Pawnee County Cooperative Association, which operates the terminal. The purpose of the UAN terminals is to collectively distribute approximately 40,000 tons of UAN fertilizer annually. The nitrogen fertilizer business sells UAN products to retailers and distributors. In addition, it sells ammonia to agricultural and industrial customers.
The Company competes with Agrium, Inc., Koch Nitrogen Company, LLC, Saskatchewan, Inc., CF Industries Holdings, Inc. and Terra Nitrogen Company, LP.
- [By Money Morning Staff Reports]
He earned more than $100 million in a famous board room battle with RJR Nabisco, and recently he’s led the charge in pressing Caesars Entertainment Corp. (NASDAQ: CZR) to sell its assets. Rumors are swirling that the gambling giant will soon merge with Eldorado Resorts Inc. (NASDAQ: ERI). He also has stakes in CVR Energy Inc. (NYSE: CVI), Herbalife Nutrition Ltd. (NYSE: HLF), Cheniere Energy Inc. (NYSE: LNG), Newell Brands Inc. (NASDAQ: NWL), and of course, his firm Icahn Enterprises LP (NASDAQ: IEP).
- [By Motley Fool Transcribers]
CVR Energy Inc (NYSE:CVI)Q42018 Earnings Conference CallFeb. 21, 2019, 3:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Logan Wallace]
COPYRIGHT VIOLATION WARNING: “CVR Energy (CVI) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at www.tickerreport.com/banking-finance/4168558/cvr-energy-cvi-issues-quarterly-earnings-results-misses-expectations-by-0-15-eps.html.
Top 5 Energy Stocks To Buy For 2021: Macquarie Infrastructure Company(MIC)
Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses and individuals primarily in the United States. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power and Energy (CP&E), and Hawaii Gas. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, various chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 marine terminals in Canada. This segment also provides environmental emergency responses, industrial services, and waste transportation and disposal services. The Atlantic Aviation segment offers fueling and fuel-related services, aircraft parking, and hangar services to owners/operators of jet aircraft primarily in the general aviation, commercial, military, freight, and government aviation sectors at 69 airports in the United States. The CP&E segment generates electricity through renewable energy sources. As of December 31, 2014, it had interests in five solar power generating facilities with an aggregate generating capacity of 57 megawatts (MW) located in Arizona, California, and Texas; and two wind power generating facilities with an aggregate generating capacity of 203 MW located in New Mexico and Idaho. The Hawaii Gas segment engages in processing, distributing, and selling synthetic natural gas and liquefied natural gas; and distributing and selling liquefied petroleum gas to residential, commercial, hospitality, military, and wholesale customers, as well as to public sector in Oahu, Hawaii, Maui, Kauai, Molokai, and Lanai. This segments products are used in various commercial and residential applications, such as water heating, drying, cooking, emergency power generation, and decorative lighting, as well as for specialty vehicles. The company was founded in 2004 and is based in New York, New York.
- [By Max Byerly]
Mindexcoin (CURRENCY:MIC) traded down 27.7% against the dollar during the 24 hour period ending at 0:00 AM Eastern on February 9th. During the last week, Mindexcoin has traded down 45.4% against the dollar. One Mindexcoin token can now be bought for approximately $0.0164 or 0.00000448 BTC on major cryptocurrency exchanges including EtherDelta (ForkDelta), LATOKEN, Mercatox and Token Store. Mindexcoin has a market capitalization of $386,072.00 and $4,364.00 worth of Mindexcoin was traded on exchanges in the last 24 hours.
- [By Money Morning Staff Reports]
Macquarie Infrastructure Corp. (NYSE: MIC) operates a portfolio of contract power facilities, bulk liquid terminals for natural gas, jet fuel terminals, and energy power and distribution systems.
- [By Ethan Ryder]
Mindexcoin (CURRENCY:MIC) traded 155.9% higher against the US dollar during the 24-hour period ending at 16:00 PM E.T. on September 30th. Mindexcoin has a market capitalization of $2.30 million and approximately $34,715.00 worth of Mindexcoin was traded on exchanges in the last day. During the last week, Mindexcoin has traded up 199.4% against the US dollar. One Mindexcoin token can currently be bought for about $0.18 or 0.00002672 BTC on exchanges including Token Store, Mercatox, LATOKEN and EtherDelta (ForkDelta).
- [By Stephan Byrd]
Schwab Charles Investment Management Inc. boosted its stake in Macquarie Infrastructure Corp (NYSE:MIC) by 26.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 468,166 shares of the conglomerate’s stock after buying an additional 99,139 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Macquarie Infrastructure were worth $19,757,000 as of its most recent filing with the SEC.