- The Pipeline and Hazardous Materials Safety Administration approves Exxon Mobil's (XOM) plan to restart operations for the 210-mile Texas leg of its Pegasus pipeline that a year ago spilled ~5K barrels of oil into a residential area in Arkansas.
- The federal regulator had accused XOM of failure to account for risks in the 70-year old pipeline and said the company could face ~$2.7M in fines.
- Last year, Sunoco Logistics (SXL) delayed a West Texas to Nederland pipeline project linked to Pegasus because of the shutdown; it is not clear what impact the restart will have on that project.
From other sites
at MarketRealist.com (Mar 23, 2015)
at Nasdaq.com (Mar 23, 2015)
The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, BP, Royal Dutch Shell and TOTAL - Press Releasesat Zacks.com (Mar 19, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs