Tag: natural gas downstream operations
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Icahn Enterprises to distribute $2/unit, says it doesn’t face liquidity problems
[ad_1] Shares of Icahn Enterprises LP jumped more than 10% in extended trading Thursday after activist investor Carl Icahn said the company does not face liquidity problems and will declare a distribution of $2 per unit for the quarter ended March 31. In a statement to shareholders, Icahn said that Icahn Enterprises IEP would “normally”…
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U.S. oil refiners looking at ‘record’ Q1 profits ahead of peak summer season
[ad_1] U.S. oil refiners are expected to report “record” quarterly profits during a traditionally weak season, analysts at BofA Securities said in a note Thursday, calling it a “golden age of refining.” The analysts on average raised their first-quarter earnings expectations for refiners by 9%, thanks to a “strong finish” for crack spreads, or the…