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PARR

Par Pacific

$17.93

0.07 (0.39%)

17:37
08/29/18
08/29
17:37
08/29/18
17:37

Par Pacific to buy refining assets from Island Energy Services for $45M

Par Pacific Holdings announced that through an indirect subsidiary, it entered into an agreement with Island Energy Services to acquire certain refining units for $45 million plus additional amounts for certain hydrocarbon and non-hydrocarbon inventory following IES' announcement to cease its refining operations. The units, which are located near Par's current Kapolei refinery, will be utilized by Par Pacific to supplement its existing operations in supplying IES so that IES may fulfill its existing contractual obligations with Hawaiian Electric Company, Maui Electric Company, Hawaii Electric Light Company, and Kauai Island Utility Cooperative. Par Pacific has agreed to enter into a long-term agreement with IES to utilize IES' retained logistics assets for the storage and throughput of crude oil and related products necessary for the operation of these newly acquired assets. Par Pacific expects to hire approximately 65 IES employees in connection with the acquisition. New employees will receive benefits comparable to those provided to Par Pacific's existing employees. Par Pacific anticipates hiring another 20 employees at its Kapolei refinery in conjunction with the new investment.

PARR Par Pacific
$17.93

0.07 (0.39%)

09/11/17
GHSC
09/11/17
UPGRADE
Target $22
GHSC
Buy
Par Pacific upgraded to Buy from Neutral at Seaport Global
Seaport Global analyst Michael Harrison upgraded Par Pacific to Buy and raised its price target to $22 from $19 saying Mid Pacific crack spread plus differential and Wyoming crack spread continue to show strong year-over-year gains into the back half of the year, indicating strong temporary benefit from higher near-term fuel prices.

TODAY'S FREE FLY STORIES

KFS

Kingsway Financial

$2.30

-0.14 (-5.74%)

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AWK

American Water

$104.63

2.32 (2.27%)

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American Water signs contract to acquire East Pasadena Water Company »

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FSNN

Fusion

$0.24

0.0048 (2.01%)

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PSA

Public Storage

$217.43

0.81 (0.37%)

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V

Visa

$160.14

-0.33 (-0.21%)

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NAVB

Navidea

$0.17

0.0001 (0.06%)

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Navidea announces one-for-twenty reverse stock split »

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TISA

Top Image Systems

$0.84

-0.0069 (-0.81%)

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FCPT

Four Corners Property Trust

$28.17

0.49 (1.77%)

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PRK

Park National

$93.98

-2.72 (-2.81%)

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Park National reports Q1 EPS $1.62, two estimates $1.61 »

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STNE

StoneCo

$26.50

-8.25 (-23.74%)

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GPIC

Gaming Partners

$13.09

(0.00%)

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Gaming Partners sees acquisition by Angel closing on May 1 »

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

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Conference/Events
Charles Schwab to hold a webcast »

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MMNFF

MedMen

$0.00

(0.00%)

11:13
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MedMen announces resignations of COO and General Counsel »

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

11:08
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Turkcell sees conclusion of $4.2B lawsuit against MTN this year »

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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

11:05
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1st Constitution Bancorp reports Q1 EPS 39c, two estimates 36c »

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QUMU

Qumu

$2.83

-0.035 (-1.22%)

11:03
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Qumu announces death of director Thomas Madison »

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FAT

Fat Brands

$5.15

0.065 (1.28%)

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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

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  • 01

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COTY

Coty

$11.27

0.02 (0.18%)

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NTES

NetEase

$265.88

-2.34 (-0.87%)

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09:10
04/19/19
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General news
Today's U.S. housing report revealed March declines »

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U.S. housing starts fell 0.3% to 1.139 M in March »

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08:15
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General news
Housing Starts Permits to be reported at 08:30 »

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