Sentences with phrase «based oil refiner»

Corporate raider Carl Icahn has reached an agreement with the management of CVR Energy under which the company will drop its poison pill provision, clearing the way for a potential $ 2.26 billion bid for the Sugar Land, Texas — based oil refiner.

Not exact matches

When diving into the valuation ratios based on trailing earnings and free cash flow, the energy sector offered a choice was between E&P and Integrated oil companies that had sustained large drops in their earnings, and Refiners who had an earnings yield close to 12 %, and had seen an uptick in earnings.

Clear winners are the gulf coast refiners based in the U.S. Oil from the Canadian oil sands currently trade at a discount to oil along the Gulf Coast and WOil from the Canadian oil sands currently trade at a discount to oil along the Gulf Coast and Woil sands currently trade at a discount to oil along the Gulf Coast and Woil along the Gulf Coast and WTI.

The cellulosic ethanol movement got a much needed boost yesterday with the announcement that Valero, the nation's largest independent oil refiner, is investing $ 50 million into the Mascoma Corporation's plans to build a commercial sized wood - based biofuel refinery in Kinross, Michigan.

Texas - based Tesoro Corporation, another oil refiner, is also heavily invested in the fight.

The standard mandates that oil refiners blend 13.2 billion gallons of corn - based ethanol into gasoline this year.