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Stock Market & Financial Investment News

News Breaks
February 3, 2014
08:08 EDTAMID, PVAAmerican Midstream closes Eagle Ford natural gas gathering system acquisition
American Midstream Partners (AMID) announced that it completed the acquisition of an approximate 120-mile natural gas gathering and redelivery system located in the oil window of the Eagle Ford shale from a subsidiary of Penn Virginia (PVA). The acquisition was announced on January 22 and includes a long-term, fee-based gathering agreement. The system is currently flowing more than 40 million cubic feet per day between sales volumes and gas lift, with a significant ramp in volumes expected throughout 2014 and thereafter. Penn Virginia expects volumes to triple from current operating levels by mid-2015. The acquisition is expected to be accretive to American Midstreamís expected distribution level for 2014. As a result of the acquisition, management intends to recommend to the board of directors an increase in the Partnershipís quarterly distribution of approximately 2% beginning with the distribution for 3Q14, in addition to managementís intent to recommend to the board an approximate 2% increase for the 1Q14 distribution associated with the recently closed Blackwater acquisition.
News For AMID;PVA From The Last 14 Days
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October 22, 2014
12:19 EDTPVAOptions with decreasing implied volatility
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10:09 EDTAMIDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
07:14 EDTAMIDAmerican Midstream Partners upgraded to Buy from Neutral at Ladenburg
Ladenburg upgraded American Midstream Partners to Buy following the company's acquisition of Costar Midstream. The firm raised its price target for shares to $32 from $29.
October 16, 2014
11:36 EDTPVAOptions with increasing implied volatility
Options with increasing implied volatility: UVXY NQ PVA SVXY VXX SUNE CIE COV ZU CODE
October 14, 2014
14:09 EDTAMIDAmerican Midstream Partners raises FY14 adjusted EBITDA view to $46M-$48M
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14:01 EDTAMIDAmerican Midstream Partners aims to up 1Q15 distribution
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13:51 EDTAMIDAmerican Midstream Partners acquires Costar for $470M
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11:28 EDTPVAOptions with increasing implied volatility
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11:04 EDTAMIDAmerican Midstream Partners trading halted, pending news
October 13, 2014
12:33 EDTPVAOptions with increasing implied volatility
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October 8, 2014
14:27 EDTAMIDAmerican Midstream Midla reaches agreement regarding Midla Pipeline
American Midstream Midla, a subsidiary of American Midstream Partners, announced an agreement in principle regarding Midlaís interstate pipeline that traverses Louisiana and Mississippi. Parties involved reached the agreement in principle in order to provide continued service to Midlaís customers while addressing safety concerns with the existing pipeline. Midla and the parties agreed that Midla may retire the existing 1920s vintage pipeline and replace the existing natural gas service with a new 12-inch pipeline from Winnsboro, Louisiana to Natchez, Mississippi to serve existing residential, commercial, and industrial customers. Customers not served by the new Natchez Line will be connected to other interstate or intrastate pipelines, other gas distribution systems, or offered conversion to propane service. The agreement is subject to final agreements and ongoing proceedings at the Federal Energy Regulatory Commission. Under the agreement in principle and subject to FERC approval, Midla will execute long-term agreements to recover its investment in the Natchez Line. Midla estimates it will take up to two years to secure the necessary permits and construct the Natchez Line. Midla anticipates filing a formal settlement with the FERC within the next 30 days and receiving approval by late 2014 or early 2015.

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