Oil & Gas Refining & Marketing

Piper Jaffray has published a research report for Green Plains Renewable Energy Inc. (NASDAQ: GPRE) announcing the raising of estimates for the company. In the report, Piper Jaffray writes "We are lifting our FY11 estimates to incorporate GPRE's planned acquisition of two ethanol plants, with 157...

Green Plains Renewable Energy, Inc. (Nasdaq: GPRE) announced today that it has entered into a definitive agreement to acquire Global Ethanol, LLC. The acquisition will increase Green Plains' capacity by 31% to approximately 657 mmgy. Once the transaction is closed, Green Plains will market and...

Endo Pharmaceuticals Holdings Inc (NASDAQ: ENDP) shares moved up 8.53% to $33.22 at 12:10 pm. The volume of ENDP shares traded was 664% higher than normal. ENDP has agreed to acquire Qualitest Pharmaceuticals for $1.2 billion to expand its business in the generic and pain drug markets. Green Plains...

Shares of E-Trade Financial Corp (NASDAQ: ETFC) dropped about 2%, as most of the financial stocks traded down. Shares of M&T Bank Corp (NYSE: MTB) were also down about 2.61%. The Financial Select Sector SPDR exchange-traded fund (XLF) fell about 0.71%, while the Standard & Poor's 500 stock...

Pacific Ethanol, Inc. (Nasdaq: PEIX) announced today several transactions intended to further improve the company's balance sheet and position the company for continued growth in the ethanol industry. --Enters into agreement to raise $35.0 million through issuance of senior convertible notes --...

Deutsche Bank sees little upside in shares of Valero Energy Corporation (NYSE: VLO), even after it sold its Paulsboro refinery to PBF Energy Company for $360 million, plus working capital and inventories, estimated at $275 million. It has a Hold rating and a $17 price target. In the research note...

A subsidiary of Valero Energy Corporation (NYSE: VLO) announced today it has signed an agreement to sell the ownership of its 185,000 bpd Paulsboro refinery to PBF Holding Company LLC, a wholly owned subsidiary of PBF Energy Company LLC. The net sale price is approximately $360 million plus the...

Merriman has initiated coverage for: Quantum Corporation (NYSE: QTM) Buy World Fuel Services Corporation (NYSE: INT) Buy

NightHawk Radiology Holdings Inc (NASDAQ: NHWK) jumped 96.31% to $6.38 at 10:21 am. Virtual Radiologic has agreed to acquire NHWK for $170 million or $6.50 per share in cash, representing a 100% premium over NHWK's closing price on Friday. AirTran Airways (NYSE: AAI) climbed 59.56% to $7.26....

James Picerno had an interesting post at his site the Capital Spectator. He explored the extent to which investors add value to their portfolios by managing betas, not by trying to add alpha--he even serves up a quote that theorizes "that there are no alphas...only betas we know and betas we have...

Verenium Corporation (Nasdaq: VRNM), a pioneer in the development and commercialization of high-performance industrial enzyme solutions, today announced that it repurchased $13 million in principal amount of its 8% Notes, as well as $8 million in principal amount of $5.5% Notes. No additional 8%...

New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF) announced today that it has entered into a definitive agreement with several institutional investors for a registered direct offering of 3,557,692 shares of previously unissued common stock at a price of $0.13 per share with total gross proceeds...

On CNBC's Fast Money, Brian Kelly said that investors should take a look at Green Plains Renewable Energy Inc. (NASDAQ: GPRE). He explained that this company is in a good position to benefit from the variable storage rates for the agricultural products. Green Plains Renewable Energy Inc. (GPRE) is...

Shares of Clean Energy Fuels Corp. (NASDAQ: CLNE) are higher on the session by 1.39%, currently trading at $15.31. The stock has been moving largely sideways for the past five months, after falling throughout April and early May. $14.00 has shown to be support. Options traders are picking up calls...