With approval from shareholders earlier this week, the merger between Holly and Frontier should close July 1. As a result, Frontier will delist from the NYSE and Holly will become HollyFrontier, trading under ticker HFC. We are placing both companies under review until we publish a new report and
Both Holly HOC and Frontier Oil FTO reported impressive first-quarter results, thanks to strong Mid-Continent margins and wide crude differentials. Holly
After announcing their intentions to merge earlier this week, Frontier Oil FTO and Holly HOC reported significant improvement in fourth-quarter earnings compared with the same period a year earlier
On Tuesday, Holly Corporation HOC and Frontier Oil FTO announced plans for an all-stock merger of equals. Terms of the tax-free transaction call for Frontier shareholders to
Morningstar is initiating credit coverage of Frontier Oil FTO with an issuer rating of BB+, which reflects the company's weak free cash flow generation caused by a weak margin environment
though not surprising, quarterly earnings announcements from independent refiners. Valero Energy VLO, Sunoco SUN, Frontier Oil FTO, and Western Refining WNR all reported losses. Holly HOC and Tesoro TSO were the lone exceptions, reporting profits
We are putting independent refiners Frontier Oil FTO, Sunoco SUN, Tesoro TSO, and Valero Energy VLO under review while we re-examine our assumptions in the current economic environment.
evaluate our assumptions for refining margins, refined product demand, and liquidity needs. These companies are Frontier Oil FTO, Valero Energy VLO, Sunoco SUN, Tesoro TSO, and Western Refining WNR.
We are placing Frontier Oil FTO under review while we re-evaluate our assumptions.
We've taken a fresh look at our assumptions for Frontier Oil FTO, and we're raising our fair value estimate to $20 per share from $16. The change stems primarily from the firm's recent