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17 September 2021
20:45 hour

Texas refineries, pipelines feel limited impact from Storm Nicholas

Seeking Alpha

15/09/2021 - 01:11


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Related headlines:

  1. Living With Climate Change: Nicholas could bring catastrophic flooding to parts of Texas and Louisiana — what we know about climate change’s impact (14/09/2021 - Market Watch)
    Tropical Storm Nicholas is making its way toward Texas and Louisiana, threatening to drench the region for much of the week, as inland flooding and tornado risks remain a hallmark of another busy storm season and climate change in general.
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  2. Futures Movers: Oil trades at 6-week high as Nicholas makes landfall in Texas (14/09/2021 - Market Watch)
    Oil futures rise Tuesday, trading at around six-week highs, as Nicholas made landfall on the Texas coast, weakening to a tropical storm, as crude and natural-gas production in the Gulf of Mexico struggles to recover from Hurricane Ida.
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  3. Texas deep freeze shuts oil refineries, pipelines (15/02/2021 - Seeking Alpha)

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  4. Tropical Storm Nicholas churns toward Texas coast (13/09/2021 - Investing.com)

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  5. Texas utility Vistra looks like a good buy today (02/03/2021 - Reddit Stocks)
    Vistra (NYSE: VST) seems to be in better shape than many of the other utilities after the Texas storm. Motley has a transcript of the earnings call which goes into detail of their situation during and after the storm. Right now the stock is around $17. Before March 2020 it was $20-24. I currently have 140 @ $17.42 roughly.   submitted by   /u/jhansonxi [link]   [comments]
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  6. This week - watching non-Texan oil refinery stocks (20/02/2021 - Reddit Stocks)
    Something to keep in mind given the Texas weather... thinking about oil refineries. I wouldn’t normally invest in these but I see an opportunity over the next couple of weeks. What Texas is dealing with is a significant issue with several refineries offline. What’s significant is how these refineries would have been shutdown. They were not shutdown in a controlled fashion. They shutdown because they lost power so they didn’t get a chance to de-inventory systems properly. Add to that the fact that they were below freezing temperatures with product not flowing in lines, and a general lack of steam tracing/jacketing on pipes given their locations. - this will make the refinery restarts extremely complex. They will be dealing with freeze/splits in piping and it could take weeks to get a major refinery back online. See below: https://www.bloomberg.com/news/articles/2021-02-18/gulf-coast-fuel-makers-could-take-a-week-to-restart-after-freeze As a result, I will be taking positions in VLO (Valero), PBF, and HFC (Holly Frontier). These companies own several refineries each, with only a couple in Texas. If the major refineries are offline for weeks per the article, it will cause significant drops in gasoline and distillate inventories across the US, increasing gas and distillate cracks accordingly. You aren’t going to double your money, and all 3 stocks were up Friday on this news, but to me it’s an easy short term play over the next week or two.   submitted by   /u/fraggle_captain [link]   [comments]
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  7. Oil hits 6-week high on fears of U.S. supply disruptions from storm Nicholas (14/09/2021 - Investing.com)

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  8. Corpus Christi refineries, terminals brace for tropical storm hit (14/09/2021 - Seeking Alpha)

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  9. U.S. oil wells, refineries shut as winter storm hits energy sector (16/02/2021 - Investing.com)

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  10. Heavy downpours from Nicholas batter Texas, Louisiana (14/09/2021 - Investing.com)

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  11. Four Texas refineries could take weeks to recover from freeze - Bloomberg (19/02/2021 - Seeking Alpha)

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  12. Texas refineries slowly restart with Houston plants lagging (22/02/2021 - Seeking Alpha)

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  13. Texas freeze led to release of tons of air pollutants as refineries shut (21/02/2021 - Investing.com)

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  14. Futures Movers: Oil prices extend rise as Texas disruptions continue (17/02/2021 - Market Watch)
    Oil futures rise Wednesday, extending gains seen as freezing weather extending as far south as Texas continues to shut in production and keep refineries closed.
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  15. Futures Movers: Oil prices extend rise as Texas disruptions continue (17/02/2021 - Market Watch)
    Oil futures rise Wednesday, extending gains seen as freezing weather extending as far south as Texas continues to shut in production and keep refineries closed.
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  16. Problems still linger at Total, Shell refineries slammed by Texas freeze (02/04/2021 - Seeking Alpha)

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  17. Plains issues force majeure on several Texas pipelines (18/02/2021 - Seeking Alpha)

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  18. Texas oil pipelines face dry months as production languishes (13/04/2021 - Investing.com)

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  19. RE: Energy/ Oil Sector: Consider MRO, Marathon Oil. (22/03/2021 - Reddit Stocks)
    Oil stocks are on rebound. MRO is are a Texas base Company, in a Republican State, with a near dead power grid. Theyve been in biz since the 1800's. Yes America is going green, though seriously, we need OIL. . We saw what happened during the last Texas storm. Consider doing some DD here.   submitted by   /u/No-Replacement-7475 [link]   [comments]
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  20. : ‘We need help’: Texas Attorney General sues energy provider over ‘sky-high’ rates after massive winter storm (02/03/2021 - Market Watch)
    Griddy, the electricity company, allegedly misled customers on the risks of price surges, the Texas Attorney General says.
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  21. : Houston mayor says Texas should pay some consumers’ massive utility bills (22/02/2021 - Market Watch)
    Houston Mayor Sylvester Turner said Sunday that the state of Texas should pay the massive utility bills some Texas consumers are facing following last week's historic winter storm that knocked out power and sent energy prices skyrocketing.
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  22. Oil drops as investors gauge big chill impact on U.S. refineries (19/02/2021 - Investing.com)

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  23. : As a winter storm pounds much of the country, there’s ‘significant risk’ of mass utility disconnection — but these Americans may feel it most (16/02/2021 - Market Watch)
    Winter Storm Uri is bringing snow, ice, power outages and record cold temperatures in some places.
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  24. Exelon's Q1 profit whacked by Texas storm (05/05/2021 - Seeking Alpha)

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  25. Shell warns of $200M hit to Q1 earnings from Texas storm (07/04/2021 - Seeking Alpha)

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  26. Occidental Petroleum says 90% of Texas production back online after storm (23/02/2021 - Seeking Alpha)

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  27. Genie Energy sees $12.5M preliminary hit from Texas winter storm (08/03/2021 - Seeking Alpha)

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  28. Duke Energy tops Q1 earnings estimates; Texas storm caused $30M EPS hit (10/05/2021 - Seeking Alpha)

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  29. Valero slides as Texas storm takes $579M bite from Q1 earnings (22/04/2021 - Seeking Alpha)

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  30. Just Energy to seek relief from ERCOT settlements related to Texas storm (03/03/2021 - Seeking Alpha)

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  31. WTI crude pops above $60 to 13-month high as winter storm hits Texas output (15/02/2021 - Seeking Alpha)

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  32. Palomar Holdings stock bounces up as Barclays calls Texas storm worries overdone (26/03/2021 - Seeking Alpha)

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  33. Gas pipelines: Cheaper energy basket in offing (23/08/2021 - Financial Express)
    With 15,369 km of gas pipelines being built across India, natural gas use is estimated to witness a sizeable rise, reducing India's carbon footprint
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  34. Commodities Corner: Gasoline prices look set to fall, but not for long (26/03/2021 - Market Watch)
    Drivers may soon get a break from the higher gasoline prices at the pump, with most Texas refineries recovering from the mid-February freeze and demand for the fuel well below pre-COVID 19 levels, but it won't last for long.
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  35. Futures Movers: Oil futures edge lower as refineries struggle to reopen after Hurricane Ida (31/08/2021 - Market Watch)
    Oil futures trade lower Tuesday, with Gulf Coast refineries struggling to resume operations after being knocked offline by Hurricane Ida.
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  36. Dow upgraded at Wells Fargo on winter storm impact (02/03/2021 - Seeking Alpha)

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  37. NRG Energy pulls full-year guidance on winter storm impact (17/03/2021 - Seeking Alpha)

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  38. RenaissanceRe sees $180M net negative impact on Q1 results from winter storm Uri (14/04/2021 - Seeking Alpha)

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  39. Real estate better prepared now, impact of 2nd wave of Covid may be limited, say developers (26/05/2021 - Financial Express)
    Developers believe that the impact of the second wave of pandemic will be limited on real estate as the sector is better prepared now and has already adapted to digital tools.
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  40. Vistra sees $1.6B impact from winter storm, lowers full-year outlook (26/04/2021 - Seeking Alpha)

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  41. WTI & Brent vs. Refineries like MRO, Conoco, etc. (30/07/2021 - Reddit Stocks)
    I have a bit invested in MRO and a few other refineries and have seen some decent gains over the last few months. That said, crude oil took a hit last week with the OPEC+ meeting and the outlook of increased output. While there is still concern over covid and the potential variants, crude has been recovering. MRO, Conoco and others in the same vein have only seen moderate recovery since then and have been slow to recover, despite keeping pace with crude prior. Is the recovery from some of these refineries and producers being muted by upcoming earning's and dividends or is there some other factor keep the price down relative to the cost of crude? My personal thought is recovery is still out pacing production as countries tap into reserves to keep prices in a healthy range. Maybe that's a play to keep more money internally and to dissuade OPEC+ from increasing production further and tanking the price. Maybe attempting to keep crude at $75-76 range. I know MRO hasn't increased output for shale production, but I would have thought the potential dividends would have attracted more buyers... or is the payout that much of a concern and prices are correcting more aggressively? I'll likely hang onto these investments, but I am concerned about long terms growth if crude continues to rise or even stays flat what will happen to these refineries.   submitted by   /u/Adroite [link]   [comments]
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  42. Starting a limited partnership, need advice (02/03/2021 - Reddit Stocks)
    Hello. So after years of researching on Value Investing and gaining good returns on the market, I feel confident enough to start a Limited partnership. What do I need to do to start one; and, how do I raise funds for one? Thanks   submitted by   /u/minnesotatrans [link]   [comments]
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  43. Personal Finance Daily: Americans scroll Amazon and Walmart for bargains — yet choose pricey healthcare services and throw away hundreds of dollars, and Texas AG sues energy provider over ‘sky-high’ rates after massive winter storm (03/03/2021 - Market Watch)
    Tuesday’s top personal finance stories
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  44. Has anyone else been losing money last couple of months? (05/05/2021 - Reddit Stock Market)
    I’ve been losing money non stop the last couple of months. I know growth stocks have been hit the hardest while everything else is going up. Has anyone else been hit hard the last couple of months? And does anyone know when this shit storm end? Man I’ve been getting pummeled continuously and it’s just honestly sad. I’m about to sell everything and just dump my money into VTI or VOO and forget about it for the next 3-4 years at this point. Stocks in holding such as IPOE, XONE, STEM, MP, and FCEL have been continuously getting pummeled and I just feel annoyed at this point. I don’t know how much longer this shit storm will last. Even ARK ETFs have been struggling.   submitted by   /u/Public-Flan-1179 [link]   [comments]
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  45. Stock market bubble, how would you ride the storm ? (18/02/2021 - Reddit Stocks)
    Im curious as to what you guys would do to ride the storm of a stock market crash, In this scenario, lets say there will be a crash 30 days from now and stocks will fall by 40%, Now obviously you will have no idea of the crash coming as it can happen so quick, but would you attempt to exit the market on the day of the crash or ride the storm ?   submitted by   /u/SirFireside [link]   [comments]
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  46. Thoughts on Texas Instruments $TXN? (11/04/2021 - Reddit Stocks)
    Thoughts on Texas Instruments $TXN? Contrary to popular belief, Texas Instruments doesn’t just make calculators, this is a semiconductor company, yet no one ever talks about it. I keep hearing about Taiwan Semiconductors or AMD, but what about Texas Instruments? It has really good growth and dividends, so I’m wondering what you guys think about it. Is it a buy? I have $5000 to invest, and I’m pretty new at investing, and I’m wondering what the general consensus of this company is.   submitted by   /u/a2VAMPIRE [link]   [comments]
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  47. NerdWallet: Burst pipes, flooded homes: Get the most out of your homeowners insurance after a winter storm (23/02/2021 - Market Watch)
    Here are four ways to get the most value from your home insurance coverage when dealing with a serious storm.
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  48. The Wall Street Journal: Texas storm forces chip makers to close, exacerbating shortage (18/02/2021 - Market Watch)
    Severe weather conditions hitting much of the U.S. have caused some semiconductor companies to idle production capacity, threatening to exacerbate a chip shortage that has already prompted car makers to curtail output at some plants.
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  49. What is going on with Oil? (10/03/2021 - Reddit Stocks)
    I've been heavily invested in oil since early February, split between NRGU and USO. So, yes, I've already made a killing. I believed the market was super undervaluing oil and I was counting on OPEC keeping production consistant due to lack of confidence in what direction the market was going. With that in mind, I was expecting oil prices to reach 65ish in July with the economy opening up. But, as you probably know, oil prices have skyrocketed after OPEC declined to pump more, atleast until April. This combined with what's going on in Texas with refineries, and the attack on Saudi Arabia has put me in an odd line of thought. I've fallen outside of what initially had me confident in the investment and looking for others thoughts on this.   submitted by   /u/JackJoneses [link]   [comments]
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