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Stock Market & Financial Investment News

News Breaks
February 3, 2014
08:08 EDTPVA, AMIDAmerican 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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June 26, 2015
13:48 EDTPVALone Star Value calls on Penn Virginia to launch strategic alternatives review
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05:54 EDTPVAStocks with implied volatility movement; CTL PVA
Stocks with implied volatility movement; CenturyLink (CTL) 30, Penn Virginia (PVA) 106 according to iVolatility.
June 25, 2015
16:23 EDTPVAOn The Fly: Top stock stories for Thursday
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14:43 EDTPVAPenn Virginia spikes and retraces
The stock was last at $4.82, off the best level of the day at $5.46 but still up over 8%. Support is at $4.73.
14:41 EDTPVAPenn Virginia resumes, up 10% after issuing 'no comment' on market rumors
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14:37 EDTPVAPenn Virginia July calls active
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14:29 EDTPVAPenn Virginia says did not issue press release earlier, no comment on rumors
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14:25 EDTPVAPenn Virginia trading halted, pending news
13:08 EDTPVAPenn Virginia higher after blog speculates on another deal
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12:07 EDTPVABP said to make $8/share bid for Penn Virginia, Proactive Investors blog says
BP (BP) has made a $8 per share takeover bid for Penn Virginia (PVA), but the latter rejected the bid and is "holding out" for at least $10 per share, UK investor blog Proactive Investors claimed, citing people familiar with the matter. ExxonMobil (XOM) and Chevron (CVX) may also be interested in buying Penn Virginia, according to Proactive, which identifies itself as a "leading multi-media news organisation, investor portal and events management business." Penn Virginia shares are up 7% in midday trading following the report from the blog, which was previously credited for a report on alleged takeover advances made toward drugmaker Receptos (RCPT). Reference Link
11:58 EDTPVABP said to bid to buy Penn Virginia, Proactive Investors says
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