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In a turnabout, Chevron (NYSE:CVX) reports that it has found droplets of oil leaking from the seabed in an offshore Brazilian oil field run by Petrobras (NYSE:PBR). So far there are no sightings of oil on the sea surface, and this new possible leak is near the site of the November seepage that led to criminal and civil charges.
Investing Insights: Investors Brace for Alcoa’s Earnings Release.
Marcellus Shale Midstream Pipeline Systems is purchased by PVR Partners (NYSE:PVR) from Chief Gathering LLC for $1 billion, financed by a combination of equity and debt. PVR expects that its new acquisition will help to improve its pipeline system in the region.
Street rumors: Southwestern Energy (NYSE:SWN) is in play as a target for takeover. Shares popped higher.
Valero Energy (NYSE:VLO) shares rise as Citigroup adds the company to its Top Picks Live list. Citi analysts believe that Valero is benefiting from the reduced prices at refineries on the Gulf Coast. Moreover, SA author Alex Shadunksy says that the stock is undervalued on three key valuation metrics.
Don’t Miss: How Will Chesapeake Fund New Development?
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