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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (16529)	8/7/2013 7:05:24 PM
From: Steve Felix	Respond to of 34328

I remember something about hedges, but I was multitasking while scribbling notes. lol! The presentation that went with the call is on their website: Hedged substantial volumes of fuels production thru 2016. Approximately 15 million barrels of fuels production hedged at an average crack spread of $27.48 per barrel through calendar-year 2016 Supplemental Information to Earnings Call Release - Second Quarter of 2013

To: E_K_S who wrote (16529)	8/12/2013 9:27:10 AM
From: Steve Felix	Read Replies (1) \| Respond to of 34328

Goes toward "cutting out the middle man" as they previously stated, although a short two months. lol! siliconinvestor.com Calumet Specialty Products Partners Buys Seven Crude Oil Loading Facilities from Murphy Oil 8:06a ET August 12, 2013 (Benzinga) Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet" or the "Partnership") a leading independent producer of specialty hydrocarbon and fuel products, today announced that it has acquired seven crude oil loading facilities and related assets in North Dakota and Montana from Murphy Oil USA, Inc. ("Murphy").Â The transaction closed on August 9, 2013.Â Financial terms of the transaction were not disclosed. With the acquisition of these loading facilities, all of which are connected at junction points along Enbridge's North Dakota pipeline system, Calumet will be positioned to source increased volumes of crude oil directly from local producers in North Dakota and Montana while continuing to supplement its feedstock procurement through third-party marketing relationships. By purchasing increased volumes of feedstock directly from producers, Calumet expects to enjoy more favorable economics on select portions of the crude oil it purchases, over the longer term. As part of this acquisition, Calumet also assumes line space on the Enbridge system previously held by Murphy. Calumet will have the ability to transport crude oil directly from the point of lease, into Calumet's newly acquired crude loading facilities and then into the Enbridge system where it can be routed to Calumet's refineries and/or third party customers. As part of this transaction, Calumet and Murphy jointly consented to terminate an existing crude oil supply agreement wherein Murphy supplies Calumet's Superior, Wisconsin refinery with up to 10,000 barrels per day of crude oil.