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News Breaks | | | | March 6, 2013 | | 07:31 EDT |  | BWP, WMB | Boardwalk Pipeline, Williams to pursue joint development on NGL pipeline system
Williams (WMB) and Boardwalk Pipeline Partners (BWP) announced that they have executed a letter of intent to form a joint venture that would develop a pipeline project to transport natural gas liquids from the infrastructure-constrained Marcellus and Utica shale plays to the rapidly expanding petrochemical and export complex on the U.S. Gulf Coast, as well as the developing petrochemical market in the Northeast U.S. The proposed “Bluegrass Pipeline” design would provide producers with 200,000 barrels per day of mixed NGLs take-away capacity in Ohio, West Virginia and Pennsylvania. The proposed pipeline could be increased to 400,000 barrels per day to meet market demand, primarily by adding additional liquids pumping capacity. It would deliver mixed NGLs from these producing areas to proposed new fractionation and storage facilities, which would have connectivity to petrochemical facilities and product pipelines along the coasts of Louisiana and Texas. Williams and Boardwalk are also exploring development of a new export liquefied petroleum gas terminal and related facilities on the Gulf Coast to provide customers access to international markets. As proposed, the Bluegrass Pipeline would include the following: Constructing a new NGL pipeline from producing areas in West Virginia and Ohio to an interconnect with Boardwalk’s Texas Gas Transmission, LLC system in Hardinsburg, Ky.; Converting a portion of Texas Gas from Hardinsburg, Ky. to Eunice, La. from natural gas service to NGL service, including construction of new pump stations and related facilities; and Constructing a new large-scale fractionation plant and expanding natural gas liquids storage facilities in Louisiana and a new pipeline connecting these facilities to the converted TGT Loop Line. | |
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News For BWP;WMB From The Last 14 Days Check below for free stories on BWP;WMB the last two weeks. |
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| May 22, 2013 | | 07:26 EDT |  | BWP | National Association of Publicly Traded Partnerships to host a conference
2013 MLP Investor Conference is being held in Stamford, CT on May 21-23 with webcasted company presentations to begin on May 22 at 8 am; not all company presentations may be webcasted. Webcast Link | | | May 21, 2013 | | 11:34 EDT |  | WMB | High option volume stocks: JASO YGE WMB AMTD TSL
 Subscribe for More Information | | | May 20, 2013 | | 17:30 EDT |  | WMB | Williams backs FY13, FY14 adjusted EPS views
In presentation slides ahead of an analyst day to be held May 21, Williams backed its FY13 and FY14 adjusted EPS views. The company sees FY13 adjusted EPS 73c, consensus 88c. The company sees FY14 adjusted EPS $1.30, consensus $1.30. The company also sees FY15 adjusted EPS $1.55. The company also backed its previously issued FY13-FY15 annual dividend guidance, saying it expects to pay an annual dividend of $1.44 in FY13, $1.75 in FY14, and $2.11 in FY15. | | | May 16, 2013 | | 16:26 EDT | | WMB | Williams raises dividend to 35.25c per share, backs FY13-FY15 dividend growth view
Subscribe for More Information | | | May 15, 2013 | | 14:36 EDT | | WMB | Williams to host analyst day
Subscribe for More Information | | | May 13, 2013 | | 08:47 EDT |  | WMB | Williams price target raised to $45 from $39 at Argus
Argus increased its price target on Williams as the firm expects the company's margins to stabilize in late 2013 or early 2014 as NGL supply/demand ratios become more favorable. The firm thinks the company is poised to increase its dividend by 20% annually through 2015, and it keeps a Buy rating on the shares. | |
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