Oil & Gas Refining and Marketing

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Genesis Energy, L.P increases quarterly distribution

6:45am EDT

Genesis Energy, L.P:Says increases quarterly distribution.Pay a regular quarterly distribution of $0.64 per common unit.New distribution represents approximate 2.4% increase over the distribution paid with respect to the second quarter of 2015.

Superior Plus Corp to acquire Canexus Corporation

Tuesday, 6 Oct 2015 07:00am EDT

Superior Plus Corp:To acquire Canexus Corporation enhancing and expanding the specialty chemicals platform.Says Canexus shareholders will receive 0.153 of a superior common share for each Canexus common share.Says deal represents total equity value of $316 million on a fully-diluted basis and an enterprise value of $932 million.Says arrangement agreement has been unanimously approved by the boards of directors of Canexus and superior.Arrangement agreement provides for payment by Canexus of a $25 million termination fee if agreement is terminated in some circumstances.Has secured committed $650 million bridge financing facility with national bank of Canada and j.p. morgan securities llc.Permanent financing for transaction is expected to be obtained in due course through a combination of new debt and equity issuances.

OMV AG CEO says 20 percent job cut not currently on agenda - Reuters

Monday, 5 Oct 2015 08:00pm EDT

OMV AG:Austrian oil and gas group OMV is not currently planning a 20 percent workforce cut, Chief Executive Rainer Seele told Reuters on Tuesday - Reuters."We are not discussing it right now but we do not exclude it in the future, as no one does," Seele said on the sidelines of a gas conference in Russia - Reuters.

PBF Energy Inc gives Q3 2015 net income guidance

Monday, 5 Oct 2015 04:15pm EDT

PBF Energy Inc:expects to report net income in the range of $135 - $155 million for Q3 2015, excluding any potential lower of cost or market inventory adjustment for three month period ended Sept. 30, 2015.


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Provider : Auerbach Grayson & Co., Inc.
Provider : Thomson Reuters StreetEvents
Provider : Dundee Securities Corporation
Provider : GlobalData
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