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Stock Market & Financial Investment News

News Breaks
May 12, 2014
08:37 EDTCHK, EVEP, ACMPAccess Midstream announces UEO expansion
Access Midstream (ACMP) announced an expansion of the Utica East Ohio midstream service complex in eastern Ohio. The expansion will increase UEO's nameplate capacity to 1B cubic feet per day and allows for a processing capacity of over 1.1 bcf/d. UEO is a joint venture owned 49% by Access Midstream, 30% by M3 Midstream LLC and 21% by EV Energy Partners (EVEP). Additional capacity is needed to meet new commitments from existing customers Chesapeake Energy Corporation (CHK), Total Gas & Power North America, Enervest and new customer, American Energy, Utica, an affiliate of American Energy Partners. These new commitments are expected to increase UEO’s ultimate throughput by 70% over existing commitment levels.
News For ACMP;EVEP;CHK From The Last 14 Days
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April 22, 2015
10:25 EDTCHKNomura U.S. energy analysts hold an analyst/industry conference call
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07:13 EDTCHKChesapeake initiated with a Reduce at Nomura
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April 20, 2015
16:30 EDTEVEPEnerVest reports 5.4% stake in EV Energy
10:43 EDTCHKStocks with call strike movement; AAL CHK
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April 15, 2015
10:00 EDTEVEPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
08:46 EDTEVEPEV Energy upgraded on asset sale at RBC Capital
As noted earlier, RBC Capital upgraded EV Energy to Outperform from Sector Perform. The firm upgraded the stock after the company recently announced the divestiture of its 21% stake in the Utica East Ohio midstream project for $575M. The firm thinks the company received an attractive price for the project ,while the deal improves the company's risk/reward profile. Target $22.
06:14 EDTEVEPEV Energy upgraded to Outperform from Sector Perform at RBC Capital
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April 14, 2015
10:31 EDTCHKAELP says McClendon did not approve Chesapeake settlement
Aubrey McClendon and American Energy Partners, LP responded to the announcement by American Energy – Utica and The Energy & Minerals Group that Chesapeake Energy (CHK) has dismissed AEU and the John Doe Defendants 1-20 from the lawsuit filed by Chesapeake on February 17. The statement read, "AEU apparently chose to settle with Chesapeake before any discovery was taken, evidently for the business purpose of mitigating further damage that Chesapeake's litigation has been having on AEU's business and financing activities. AEU has the right to resolve the case in this fashion, but this resolution should not be mistaken as reflecting an informed view of the merits of Chesapeake's claims or a concession of any liability by any party to Chesapeake. Although Mr. McClendon is a director and the single largest non-institutional shareholder in AEU, he did not approve the settlement and neither he nor AELP were advised of the negotiated terms of this settlement. AELP and Mr. McClendon will continue their efforts to have the dispute arbitrated as required by Mr. McClendon's agreements with Chesapeake. As he will show in the appropriate forum, Mr. McClendon rightfully possesses an extensive array of information about more than 16,000 wells, and the related leasehold acreage and future wells, he jointly owns with Chesapeake, including land, well, title, accounting, geological, engineering, reservoir, operating, marketing, and performance information. Mr. McClendon's well-documented agreements with Chesapeake gave him the right to own and use this information for his own purposes, including sharing it with his employees, contractors, advisors, consultants and affiliated entities."
10:16 EDTCHKAmerican Energy - Utica dismissed from Chesapeake lawsuit
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