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Andeavor Boosts Permian Foothold With Rangeland II Buyout

2018-01-04 zacks
In a bid to bolster its foothold in the Permian play, Andeavor (ANDV - Free Report) recently acquired Rangeland Energy II, LLC. Financial details of the transaction have been kept under wraps.  Subject to satisfactory closing conditions and regulatory approvals, the deal is set for closure by March this year. (372-0)

Fired Football Coach Loses Out on Odd Bonus Tied to Oil Prices - Bloomberg

2018-01-03 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (2-0)

How Does Value Investing Work In 2018?

2017-12-26 seekingalpha
Value investing felt out of step with the times in 2017 as growth everywhere at any price continued in the markets. (1389-2)

Which Refining and Marketing Energy Stocks Are Rising This Week?

2017-12-08 marketrealist
In this article, we’ll look at the top percentage gainers from the refining and marketing sector in the US for the week ending December 8, 2017. To compile the list of top refining and marketing movers, we have selected refining and marketing companies with market capitalizations greater than $100 million and last week’s average trading volume greater than 100,000 shares. (3-0)

How Andeavor’s Refining Margin Trended in 3Q17

2017-12-07 marketrealist
In this series, we’ll evaluate Andeavor’s (ANDV) current financial and market performance metrics to determine its outlook for 4Q17. In the next few parts, we’ll evaluate the outlook for ANDV’s refining margin for 4Q17, followed by the crack spreads trend in the current quarter. (3-0)

Analyzing US Gasoline Inventories and Demand

2017-12-06 marketrealist
On December 5, 2017, the API (American Petroleum Institute) published its crude oil inventory report. It reported that US gasoline and distillate inventories rose by 9,200,000 barrels and 4,300,000 barrels on November 24–December 1, 2017. (18-0)

Relationship between US Distillate Inventories and Oil Prices

2017-12-01 marketrealist
US distillate inventories rose by 2,747,000 barrels to 127.7 MMbbls (million barrels) on November 17–24, 2017. Inventories rose 2.2% week-over-week but fell by 26.4 MMbbls or 17.1% year-over-year. (8-0)

How Lower US Gasoline Inventories Help Crude Oil Futures

2017-11-23 marketrealist
According to the EIA (U.S. Energy Information Administration), US gasoline inventories rose by 44,000 barrels to 210.4 MMbbls (million barrels) between November 10 and 17, 2017. However, gasoline inventories were 13.5 MMbbls (6.1%) lower than in the same period in 2016. (13-0)

US Distillate Inventories Are near a 3-Year Low

2017-11-16 marketrealist
The EIA estimates that US distillate inventories fell by 799,000 barrels to 124.7 MMbbls (million barrels) on November 3–10, 2017. Inventories fell 0.6% week-over-week and by 23.8 MMbbls or 16.04% YoY (year-over-year). (15-0)

Andeavor's (ANDV) Q3 Earnings, Revenues Miss Estimates

2017-11-10 zacks
Independent refiner and marketer Andeavor (ANDV - Free Report) reported third-quarter 2017 adjusted earnings from continuing operations of $2.70 per share, which missed the Zacks Consensus Estimate of $3.03. A decline in Retail and Branded fuel margins margins and increased operating expenses resulted in the earnings miss. The bottom line, however, increased from the year-ago quarter figure of $1.43 per share on strong performance of the refining segment. (9-0)

How Andeavor’s Refining Margin Performed in 3Q17

2017-11-10 marketrealist
Andeavor (ANDV) saw an expansion in its gross refining margin by $6.0 per barrel YoY (or year-over-year) to $15.1 per barrel in 3Q17. Its operating costs fell by $0.1 per barrel YoY to $5.0 per barrel in 3Q17. The rise in gross margin plus a fall in operating cost led to an increase in net refining margin. (3-0)

Andeavor’s 3Q17 Earnings Rise and Refining Margins Surge

2017-11-10 marketrealist
Andeavor (ANDV) posted its 3Q17 results on November 8, 2017. It reported revenues of $9.8 billion, which surpassed Wall Street analysts’ estimates. However, the company’s 3Q17 adjusted EPS (earnings per share) stood at $2.9 compared to its estimated EPS of $3.0, missing the consensus estimates. But ANDV’s 3Q17 adjusted EPS stood 118% higher than its 3Q16 adjusted EPS. (3-0)

Andeavor's (ANDV) CEO Gregory Goff on Q3 2017 Results - Earnings Call Transcript

2017-11-09 seekingalpha
Good day, ladies and gentlemen, and welcome to the Q3 2017 Andeavor Earnings Conference Call. At this time, all participants are in a listen-only mode. Following management's prepared remarks, we will host a question-and-answer session and our instructions will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. (31-0)

US Gasoline Demand Could Drive Crude Oil Prices Higher

2017-11-08 marketrealist
The EIA (U.S. Energy Information Administration) estimates that weekly US gasoline demand rose by 147,000 bpd (barrels per day) to 9,461,000 bpd on October 20–27, 2017. US gasoline demand rose 1.6% week-over-week and by 278,000 bpd or 3% YoY (year-over-year). The four-week average US gasoline demand rose by 55,000 bpd to 9,348,000 bpd on October 20–27, 2017. Gasoline demand rose 0.6% week-over-week and by 257,000 bpd or 2. (61-0)

Can Andeavor (ANDV) Keep the Earnings Streak Alive in Q3?

2017-11-06 zacks
Independent oil refiner and marketer Andeavor (ANDV - Free Report) is set to release third-quarter 2017 results after the closing bell on Nov 8. (5-0)

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