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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:07 EDTBRK.A, TRP, ENB, KMI, CP, CNICanada, Keystone can learn from Buffett's BNSF railroad, WSJ reports
If you want to get a sense of what's going to happen with Canadian oil amid TransCanada's (TRP) Keystone XL pipeline battle, see Warren Buffett's (BRK.A) latest letter, reports the Wall Street Journal's "Heard on the Street." Buffett writes that his BNSF railroad company now transports 500,000 barrels of oil a day. Much is from the Bakken shale, where production growth has outpaced pipelines. The resulting local glut led the discount between Bakken oil and Brent crude to surge beyond $45 a barrel a year ago (narrowed now to $19). BNSF has driven its trains through that price gap, enabling Bakken producers to get their barrels to customers rather than slow production. Canadian oil producers face a tougher battle. Western Canadian Select is a relatively heavy grade of oil, so it should be cheaper than a lighter benchmark like Brent. But the discount, now $38 a barrel, owes much to transportation bottlenecks. The Canadian Association of Petroleum Producers forecasts production from Western Canada will hit 5.5M barrels a day by 2020, about double 2011's output. The bottom line: If Keystone doesn't get built, those ambitions will likely have to be scaled back. Reference Link
News For A;TRP;ENB;KMI;CP;CNI From The Last 14 Days
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September 18, 2014
15:23 EDTTRPTransCanada shares now up nearly 6%, near highs of session
15:17 EDTTRPThird Point has amassed stake in TransCanada, Reuters says
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14:21 EDTTRPTransCanada being eyed as target by activist funds, Reuters says
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14:04 EDTTRPTransCanada spikes to highs of session following activist investor interest
Shares now up 2%.
13:54 EDTTRPTransCanada being eyed as target by activist funds, Reuters says
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12:28 EDTENBEnbridge Energy drop down from Enbridge a net postive, says Wells Fargo
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07:22 EDTCNICanadian National fined for missing grain quota, Globe and Mail reports
The Canadian government is imposing its first monetary penalty under the recently passed Fair Rail for Grain Farmers Act, fining Canadian National Railway for failing to move its required minimum amount of grain each week, said The Globe and Mail, which noted that a CN spokesman said the company had not been informed by the government about the fine. Reference Link
September 17, 2014
18:29 EDTAOn The Fly: After Hours Movers
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17:09 EDTKMITGP offers Maine long-term contract for natural gas pipeline capacity
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17:01 EDTAAgilent board approves separation of Keysight, declares special dividend
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16:57 EDTAAgilent creates new group for services, consumables
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16:55 EDTAAgilent announces Mike McMullen to succeed Bill Sullivan as CEO in March 2015
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08:12 EDTENBEnbridge Energy receives $900M drop down proposal from Enbridge
Enbridge Energy Partners (EEP) has received a proposal initiated by Enbridge (ENB) through Enbridge Energy Company, EEP's general partner, under which Enbridge would drop down its 66.7% interest in the U.S. segment of the Alberta Clipper Pipeline to EEP for aggregate consideration of approximately $900M. The proposed consideration includes cash of approximately $300M, plus approximately $600M of a new Class E limited partner equity units to be issued to Enbridge by EEP. The proposed terms would not require EEP to issue any equity in the public market. The board of Enbridge Energy Management, the delegate of Enbridge, has appointed a special committee comprised of independent directors to review the proposal. Its acceptance is subject to the review and favorable recommendation by the special committee and final approval by the board. The drop down transaction is targeted to close by the end of 2014. The proposed contribution value corresponds to an approximate 11 times multiple of expected 2015 EBITDA. Alberta Clipper earns a stable cost of service return, which is not subject to variations in throughput or operating costs. EEP estimates that the proposed drop down is expected to be immediately accretive to distributable cash flow per unit by approximately 3%.
08:02 EDTENBEnbridge proposes to transfer $900M asset to Enbridge Energy
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07:39 EDTCPMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.
September 15, 2014
09:59 EDTTRPOn The Fly: Analyst Downgrade Summary
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05:31 EDTTRPTransCanada downgraded to Sell from Neutral at Goldman
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September 12, 2014
14:03 EDTAKeysight enters into manufacturing test license agreement with Broadcom
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September 9, 2014
14:14 EDTCPCanadian Pacific, TCRC-RCTC ratify six-year labor agreement
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09:31 EDTKMIKinder Morgan initiated with an Outperform at BMO Capital
Target $47.
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