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Stock impact report

Sinclair Oil failed to notify Colorado state regulators about contaminated gas, calling it an "oversight" [CBS News]

HF Sinclair Corporation (DINO) 
Company Research Source: CBS News
Although Sinclair Oil learned that the gasoline it distributed was contaminated at 6 a.m. on Thursday, January 8, the company admits it failed to notify Colorado's Division of Oil and Public Safety, saying in an email that it was an "oversight not to contact OPS on Friday morning". Instead, according to a series of emails between the state and Sinclair, Colorado gasoline regulators learned of the incident only after receiving consumer inquiries and contacted Sinclair the next day for more information. Cher Haavind, Deputy Executive Director of the Colorado Department of Labor and Employment, told CBS News Colorado, "We would've liked Sinclair to have informed us right when they identified the problem, rather than us discovering it through an influx of consumer complaints and coordination with industry partners." CBS Colorado obtained roughly a dozen emails exchanged between Sinclair and OPS under an open records request. The emails suggest ongoing frustration for the state, whic Show less Read more
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