Gibson Energy and USD Announce Joint Venture to Construct DRU at Hardisty Utilizing Innovative DRUbit™ Technology and Agreement with ConocoPhillips for 50,000 bbl/d of Capacity [Canadian B...
ConocoPhillips (COP)
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Source: Canadian Business Journal
Gibson Energy and USD Announce Joint Venture to Construct DRU at Hardisty Utilizing Innovative DRUbit™ Technology and Agreement with ConocoPhillips for 50,000 bbl/d of Capacity, The Canadian Business Journal CALGARY, Alberta, Dec. 03, 2019 (GLOBE NEWSWIRE) — US Development Group, LLC (through a wholly-owned affiliate, collectively USD Gibson DRU CP KCS USD’s patented DRU technology separates the diluent that has been added to the raw bitumen in the production process which meets two important market needs – it returns the recovered diluent for reuse in the Alberta market, reducing delivered costs for diluent, and it creates DRUbit™ “Our DRU technology provides a sustainable, long-term solution for shipping Canadian crude oil to the U.S. Gulf Coast. DRUbit™ offers safety and environmental benefits in transportation, provides greater take-away capacity and improved economics for all parties,” said USD CEO, Dan Borgen. “USD is a company that provides solutions for energy infrastructure
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- ConocoPhillips (NYSE: COP) had its price target raised by analysts at Scotiabank from $120.00 to $135.00. They now have a "sector perform" rating on the stock.MarketBeat
COP
Earnings
- 2/8/24 - Beat
COP
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/1/24 - Form ARS
- COP's page on the SEC website