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TMCNet: Delta May Make Deal With JP Morgan To Finance ConocoPhillips' Facility Acquisition (DAL,JPM,COP)

[April 11, 2012]

Delta May Make Deal With JP Morgan To Finance ConocoPhillips' Facility Acquisition (DAL,JPM,COP)

Apr 11, 2012 (SmarTrend(R) News Watch via COMTEX) -- 4-11-12-Delta Air (NYSE:DAL) may have made a deal with JP Morgan (NYSE:JPM) to finance its deal to acquire ConocoPhillips' (NYSE:COP) facility in Pennsylvania, according to CNBC, which cited sources familiar with the matter.


Delta would buy jet fuel from JP Morgan wholesale while the bank sells other fuels such as diesel and kerosene.

The deal would also involve Delta giving some unidentified oil companies part of the refinery's output in exchange for more jet fuel.

The transaction may cost JP Morgan (NYSE:JPM) "hundreds of millions" in initial costs, and may be cheaper for Delta than bank loans, CNBC said.

JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.

SmarTrend is bullish on shares of JPMorgan Chase and our subscribers were alerted to buy on December 02, 2011 at $32.04. The stock has risen 37.4% since the alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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