Global Partners Announces Bakken Pipeline Connection Agreement + MORE

After a stunning 15% surge since mid-November, the market has struggled in the past month, trading up and down in a tight 1% band. Problems in Europe have reignited and many on Wall Street are expecting consumer spending to weaken during the rest of the year. It is all making the case for a bull market very difficult, except for a key report the U…

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Global Partners Announces Bakken Pipeline Connection Agreement

Tesoro Logistics to Link its High Plains Pipeline System to Global’s Basin Transload Facility in Columbus, North Dakota

WALTHAM, Mass.–(BUSINESS WIRE)– Global Partners LP (NYS: GLP) today announced it has executed a pipeline connection agreement with Tesoro Logistics whereby Tesoro Logistics’ High Plains Pipeline System will build, own and operate a new seven-mile pipeline lateral from its Lignite, ND crude oil station to Global’s 100,000 barrel crude oil storage tank at the Basin Transload facility in Columbus, ND…

Stock index futures suggest that the S&P 500 and Dow Jones may open higher this morning as investors digest the Cyprus bailout and look ahead to key U.S. economic reports.

Although the energy sector has been volatile, oil refiners’ stocks have been on fire in the last year or so.
2011 spinoff Marathon Petroleum (NYSE:MPC) has doubled in the last 12 months vs. a measly 4% rise for its sister company Marathon Oil (NYSE:MRO), which engages mainly in exploration and production…

At current prices, oil service stock FMC Technologies isn’t necessarily cheap. But as the number one supplier for the energy firm spending the most dough, that higher multiple is certainly warranted. As deepwater drilling in Brazil and the rest of the world grows, so should FMC’s bottom line and share price.

For the last two years, I’ve been encouraging investors to reduce their gold holdings. But today we have an enormous opportunity developing in blue-chip gold mining shares. And there is one easy way to play it.
Let me begin by detailing a few of the many reasons to have gold in your portfolio. There are seven key reasons that “the barbarous relic” has long been sought after as a store of value:
1…

There is never a tax on IRA distributions, neither Roth nor Traditional.It’s just that you don’t own 100% of the account. If your tax rate is say 35%, you own 65% and invest that percent of the account for yourself. The other 35% you don’t own, the government does, and you are investing for them. And you should be accounting for that in your Asset Allocation…

March 26 (Bloomberg) — Satyajit Das, a risk consultant and
author of “Extreme Money: The Masters of the Universe and the
Cult of Risk,” discusses Cyprus’s bank-restructuring plan. Das
talks with Bloomberg’s Pimm Fox and Vonnie Quinn on Bloomberg
Radio’s “Taking Stock.”