Operational Updates, Quarterly Dividends, New Appointments, Acquisitions and Technology Upgrades - Research Report on Valero, Phillips 66, InterOil, NGL, and Renewable Energy Group Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, July 16, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Valero Energy Corporation (NYSE: VLO), Phillips 66 (NYSE: PSX), InterOil Corporation (NYSE: IOC), NGL Energy Partners LP (NYSE: NGL), and Renewable Energy Group, Inc. (NASDAQ: REGI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Valero Energy Corporation Research Report
On July 11, 2013, Valero Energy Corporation (Valero) reported that its new hydrocracker unit at the Valero St. Charles Refinery has successfully started operations. Valero reported that the hydrocracker unit's throughput is rated at 60,000 barrels per day, and is designed to capitalize on high crude oil and low natural gas prices, and produce primarily diesel to meet the growing demand in both domestic and export markets. The Company stated that it is pursuing projects to expand throughput capacity to 75,000 barrels per day, for all new hydrocrackers, and the expansion is expected to be complete by 2015. Valero also reported that it is pursuing a 20,000-barrel-per-day expansion of the existing hydrocracker at its Meraux refinery that should be complete by the end of 2014. The Full Research Report on Valero Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/335e_VLO]
Phillips 66 Research Report
On July 10, 2013, Phillips 66 announced that its Board of Directors has declared a quarterly dividend of c.$0.31 per common share. Phillips 66 reported that the dividend is payable on September 3, 2013 to shareholders of record at the close of business on August 16, 2013. The Full Research Report on Phillips 66 - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/e3ef_PSX]
InterOil Corporation Research Report
On July 11, 2013, InterOil Corporation (InterOil) announced the appointment of Dr. Michael Hession as CEO of the Company. Commenting on his appointment, Gaylen Byker, Chairman and Board Member of InterOil, said, "We are delighted to have Michael join the InterOil team. He brings a wealth of experience across multiple regions in both exploration and project development. Michael has strong commercial ties in the industry and has shown great skill in liaising with partners and governments on complex projects. We look forward to his contributions to InterOil and to the people and economy of Papua New Guinea." In addition, Michael Hession said, "InterOil is at an inflection point in its history, and I expect that it will start to realize the value that it has carefully built over the past sixteen years. The certified resource at the Elk and Antelope fields is sufficient for a multi-train development which could include the PNG LNG facility, and/or an LNG facility in the Gulf Province. The monetization of PRL 15 is anticipated to be a transformational event for InterOil. The interest in energy development in PNG has never been greater and we expect to bring in additional partners to accelerate our activities. I welcome the opportunity to join such an outstanding company and be a part of its bright future. There is much work to be done and great opportunity ahead of us." The Full Research Report on InterOil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/6352_IOC]
NGL Energy Partners LP Research Report
On July 1, 2013, NGL Energy Partners LP (NGL) announced that it has acquired the assets of Crescent Terminals, LLC, a Delaware limited liability company, and the partnership interests of Cierra Marine, LP (Cierra Marine), a Delaware limited partnership, and its affiliated companies. According to NGL, the acquisition of Cierra Marine will expand the Company's crude oil logistics business by adding 4 additional tow boats and 7 crude oil barges, doubling NGL's current fleet of marine equipment. The Company also reported that the terminal facility will add 130,000 barrels of storage capacity in the rapidly developing Eagle Ford shale in South Texas, and the ability to throughput up to 20,000 barrels per day to markets along the Gulf Coast. The Full Research Report on NGL Energy Partners LP - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/e08c_NGL]
Renewable Energy Group, Inc. Research Report
On July 10, 2013, Renewable Energy Group, Inc. (Renewable Energy Group) reported that it has successfully completed the $21 million technology upgrade at its 30 million gallon biodiesel refinery in southern Minnesota. The Company reported that the on-time, on-budget upgrades allow Renewable Energy Group Albert Lea to run a wide variety of locally-sourced agricultural byproducts such as animal fats, used cooking oils, inedible corn oils and yellow grease as well as vegetable oils. The Full Research Report on Renewable Energy Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/3dfc_REGI]
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SOURCE Wall Street Reports