| (USD) | Mar 2023 | Q/Q |
|---|---|---|
| Revenue | 844.7MM | +47% |
| Operating Income | 331.5MM | +32% |
| Operating Expenses | 513.2MM | - |
| Net Income | 273.9MM | +46% |
| G&A | 60.4MM | -4% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
TortoiseEcofin today announced a revision of timing of the removal of Magellan Midstream Partners, L.P. (NYSE:MMP) from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by ONEOK, Inc. (NYSE:OKE).
Here is how CVR Energy (CVI) and Magellan Midstream Partners (MMP) have performed compared to their sector so far this year.
ONEOK, Inc. (NYSE: OKE) (ONEOK) today announced that it has completed its acquisition of Magellan Midstream Partners, L.P. (Magellan), creating a more diversified North American midstream infrastructure company focused on delivering essential energy products and services to its customers, and continued strong returns to investors.
With Wall Street ending a tumultuous week amid a hawkish Fed outlook, investors should invest in safe stocks like Magellan Midstream Partners (MMP), Trinity Capital (TRIN), Runway Growth Finance (RWAY) & Postal Realty Trust (PSTL).
The North American fossil fuel sector is undergoing a wave of transactions tied to changes in the energy mix, with companies placing their bets on the relative values of oil, natural gas or clean power. The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week. Magellan’s pipes and storage tanks are heavily concentrated in oil, while Oneok’s assets carry more natural gas.
TortoiseEcofin today announced that Magellan Midstream Partners, L.P. (NYSE:MMP) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the approved acquisition by ONEOK, Inc. (NYSE:OKE).
The proposed transaction involves the acquisition of all outstanding units of Magellan Midstream (MMP) by ONEOK through a mixture of cash and stock.
ONEOK Inc (NYSE:OKE). and Magellan Midstream (NYSE:MMP) Partners L.P. confirmed on Friday that their proposed merger has been approved by the respective stakeholders of both companies. This major consolidation within the energy sector is now set to move forward, following a strong endorsement from shareholders at special meetings.
In a significant development, energy pipeline operators Oneok and Magellan Midstream (NYSE:MMP) Partners have announced their merger in a deal valued at $19 billion. The merger, confirmed during a special meeting of Magellan's shareholders on Thursday, is expected to finalize before the markets open on Monday, September 25, 2023.
The $19 billion transaction was was approved at a unit holder meeting Thursday, despite some investor opposition to the deal.