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Stock Market & Financial Investment News

News Breaks
December 28, 2012
07:39 EDTTRP, EPD, TRN, KMI, MPC, BRK.A, SE, ENB, VLO, ACMU.S. shale energy boom attracts billions in new investment, WSJ reports
The explosion of shale energy production in North America is attracting billions of dollars of investment for pipelines and other infrastructure projects to move oil and gas throughout the continent, reports the Wall Street Journal. Reference Link
News For A;TRN;VLO;MPC;EPD;ENB;KMI;TRP;SE From The Last 14 Days
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November 18, 2014
07:40 EDTSEMitsubishi UFJ to hold a conference
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07:13 EDTTRPTransCanada CEO comments on Keystone XL
TransCanada president and CEO Russ Girling provided a comment in advance of the debate and vote on U.S. Senate bill 2280. "I was very pleased to see another vote in the House of Representatives in favor of Keystone XL, a vote that demonstrates such broad bi-partisan support for the project. The majority of the U.S. Congress, in keeping with public opinion surveys, wants to see the Keystone gridlock come to an end so thousands of Americans can go to work building the final stage of one of the largest infrastructure projects on the books right now in the U.S. We put 9,000 Americans to work building the first two phases of the pipeline back in 2009/2010. We hired another 5,000 to build the southern leg of the project two years ago, and we want to put 9,000 more Americans to work to finish what we started. Also last week, comments were made that Keystone XL is an export pipeline. This statement is factually incorrect. Keystone XL will carry oil from both Canada and the U.S. - a receipt point at Baker, Montana is an important part of the project that will allow Bakken oil to be delivered to U.S. refineries. In fact, American-produced oil is already making its way to Gulf Coast refineries through the southern leg of Keystone."
07:00 EDTAAgilent downgraded to Market Perform from Outperform at Cowen
06:30 EDTMPCMarathon Petroleum coverage resumed with a Buy at Goldman
Target $127.
06:29 EDTVLOValero coverage resumed with a Neutral at Goldman
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November 17, 2014
17:03 EDTTRPTransCanada Tamazunchale Pipeline Extension now operational
TransCanada Corporation announced that it has placed into service the Tamazunchale Pipeline Extension, the most recent natural gas infrastructure project to be completed by TransCanada in Mexico. The new $600M pipeline is an extension of the existing Tamazunchale Pipeline that links an LNG terminal and natural gas supplies from the east coast of Mexico and U.S. to key power facilities in Tamazunchale. TransCanada has a 25-year natural gas transportation service contract with the Comision Federal de Electricidad, Mexico's state-owned power company. The pipeline extension is approximately 144 miles long and has a contracted capacity of 630M cubic feet a day.
16:09 EDTAAgilent plans to return $500M in capital to shareholders in FY15
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16:07 EDTAAgilent sees FY15 EPS $1.68-$1.78, consensus $1.74
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16:06 EDTAAgilent sees Q1 EPS 39c-43c, consensus 42c
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16:06 EDTAAgilent reports Q4 EPS 88c, consensus 89c
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15:16 EDTANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent Technologies (A), consensus 89c; Jacobs Engineering (JEC), consensus 86c; Urban Outfitters (URBN), consensus 41c; Omega Protein (OME), consensus 30c.
14:26 EDTTRPTransCanada says Sandell analysis continues to be 'flawed'
TransCanada commented on materials made public by Sandell Asset Management: "TransCanada appreciates constructive input from shareholders and we actively engage in open dialogue with them to discuss all aspects of our operations and corporate strategy. We received materials from Sandell a few months ago containing a very similar and flawed analysis to the one that was published today. After careful review, and ongoing discussions with our other shareholders, TransCanada firmly believes that our current strategy best positions us to deliver long-term value to investors. TransCanada has established itself as a leading energy infrastructure company in North America with a blue-chip portfolio of assets that has consistently delivered attractive and sustainable growth in earnings, cash flow and dividends. Importantly, the Company has delivered a 15% annualized total shareholder return since 2000. We have a well-defined strategic plan to increase long-term shareholder value, including our strong focus on pipelines and power generation opportunities, and we remain focused on continuing to deliver on this plan successfully."
08:14 EDTTRPSandell Asset Management sends letter to TransCanada board
Sandell Asset Management, a significant shareholder of TransCanada, has publicly released a letter and White Paper to the Board of Directors of the Company in anticipation of its upcoming Investor Day to stimulate further discussions among all stakeholders as to the best long term corporate structure for TRP. Tom Sandell, CEO of Sandell, stated: “Although we are excited about the recent positive developments at TransCanada, we are disappointed that the Company has neither fully embraced the Master Limited Partnership structure nor emphasized cash flow metrics such as Adjusted Funds From Operations to highlight the Company’s ample tax assets, low maintenance capital requirements and capacity for dividend payment. Furthermore, we believe a spinoff of the Energy segment is the best long term course for this asset to attract a world-class, dedicated management team to deal with upcoming opportunities and challenges within the sector and to highlight the premium value of the Pipeline business.” In Sandell’s analysis, fully utilizing the Company’s existing MLP, TC PipeLines LP and highlighting AFFO metrics would serve to enhance the Company’s ability to finance its significant Capital Program by increasing dividend growth expectations and lowering cost of capital for both TRP and TCP. Additionally, by engaging in an ‘all-in’ dropdown to TCP and by restructuring its incentive distribution rights, TCP would be transformed into a powerful player in the US MLP industry, increasing organic growth prospects and allowing it to participate in the current wave of M&A to bolster its strategic positioning and distribution growth profile. Sandell believes that, through the implementation of these steps, TRP’s share price would immediately trade at its intrinsic value of $75 per share reflecting a corporate structure that maximizes the future value of TRP, TCP and the separated Energy business.
07:12 EDTKMIBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
17:48 EDTTRPTransCanada to host investor day
Investor Day to be held in Toronto on November 19 at 8 am. Webcast Link
14:24 EDTTRPTransCanada one vote short in Senate, The Hill says
TransCanada's Keystone Pipeline is one vote short of the 60 it will need to be approved by the Senate, according to The Hill. The House already approved the pipeline, but the White House indicated this week that President Obama is still opposed to it. Reference Link
12:56 EDTTRPHouses passes Keystone approval bill, Senate to vote next week
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12:53 EDTKMIOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
09:33 EDTTRPTransCanada volatility elevated into Congress likely vote on Keystone Pipeline
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07:05 EDTKMIKinder Morgan says expected closing date of merger Nov. 24
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