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Stock Market & Financial Investment News

News Breaks
May 12, 2014
08:37 EDTACMP, EVEP, CHKAccess 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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October 1, 2014
12:18 EDTCHKChesapeake says capital efficiency is main driver for company looking forward
The company said it is focusing on financial discipline, adding thing it is time to grow without increasing its capital base. Chesapeake said it will continue to look aggressively at growing its position, but it can grow production and reserve position just by focusing on what they own today. Chesapeake said it is pleased with the progress it has made, but is nowhere it wants to be. Targets 2014 production growth of 9%-12%. Says capital efficiencies is coming in everything they do, including cycle times. Says liquidity remains strong, approach $4B. The company said its 2014 CapEx is $5.8B compared to $15B in 2012. Continues to anticipate year-end 2014 exit rate will exceed 730,000 boe per day. Comments taken from Deutsche Bank Annual Leveraged Finance Conference.
07:20 EDTCHKDeutsche Bank to hold a conference
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September 29, 2014
10:00 EDTEVEPOn The Fly: Analyst Downgrade Summary
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06:33 EDTEVEPEV Energy downgraded to Hold from Buy at Stifel
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September 23, 2014
08:15 EDTEVEPEV Energy to divest 9% interest in Cardinal Gas Services
EV Energy Partners announced it has signed an agreement to divest its 9% interest in Cardinal Gas Services to E1 and a Korean consortium led by Samchully for $162M, which includes estimated purchase price adjustments of approximately $18M. This sale is being made in conjunction with TOTAL E&P USA (TOT), which has also agreed to divest its 25% interest in CGS. The transaction is expected to close in mid-October and is subject to regulatory approval, tag-along rights and approval of the other member of CGS, as well as customary closing conditions and purchase price adjustments. Upon closing, EVEP intends to use the net proceeds of the disposition to repay amounts outstanding under its revolving credit facility.
September 20, 2014
20:43 EDTCHKChesapeake, Weatherford seem attractive, Barron's says
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