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Stock Market & Financial Investment News

News Breaks
February 13, 2013
13:35 EDTCHSCP, SE, KMPCHS unit to invest $15M in Express Pipeline connection
CHS Inc. (CHSCP) announced it will build a seven-mile connection in central Montana to link its Front Range Crude Oil pipeline with the Kinder Morgan Express Pipeline. Kinder Morgan-Canada and Front Range Pipeline, a wholly owned CHS subsidiary, will construct storage, pipeline, and other associated equipment needed to connect the Express Pipeline to the Front Range Pipeline near Buffalo, Mont. Front Range Pipeline will invest about $15M in the connecting pipeline and associated equipment. Pending permitting and other approvals, the project is expected to begin this summer with completion estimated for fall 2014. Kinder Morgan Energy Partners (KMP), along with its partners entered into a definitive agreement to sell 100% of the Express Pipeline System to Spectra Energy (SE). The transaction is subject to customary consents and regulatory approvals and is expected to close in 1H.
News For CHSCP;KMP;SE From The Last 14 Days
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May 21, 2015
17:52 EDTCHSCPCHS to acquire Patriot Holdings for $196M
REX American Resources (REX) reported that the board of Patriot Holdings has approved a merger agreement with a subsidiary of CHS (CHSCP) that would result in CHS acquiring 100% of the ownership interest in Patriot. With total merger consideration expected to approximate $196M, REX’s 26.6% interest in Patriot is expected to yield approximately $44M plus an additional amount of approximately $5M, assuming the full payment of escrow holdbacks. The closing of the merger is expected to occur on or about June 1.
May 19, 2015
14:54 EDTCHSCPNuStar Energy, CHS pursue alliance to expand pipeline, terminal infrastructure
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May 14, 2015
10:00 EDTSEOn The Fly: Analyst Initiation SummaryT
Today's noteworthy initiations include: Advaxis (ADXS) initiated with a Buy at MLV & Co.... Akebia (AKBA) initiated with a Buy at Brean Capital... CarMax (KMX) initiated with a Buy at Sterne Agee CRT... Coach (COH) initiated with a Neutral at Wedbush... Euronav NV (EURN) initiated with an Outperform at Credit Suisse... Franco-Nevada (FNV) initiated with an Outperform at Macquarie... Kate Spade (KATE) initiated with an Outperform at Wedbush... Lumber Liquidators (LL) initiated with a Perform at Oppenheimer... Michael Kors (KORS) initiated with a Neutral at Wedbush... National Instruments (NATI) initiated with an Overweight at Stephens... Royal Gold (RGLD) initiated with an Outperform at Macquarie... Spectra Energy Partners (SEP) initiated with a Buy at Janney ... Spectra Energy (SE) initiated with a Buy at Janney Capital... Tribune Publishing (TPUB) initiated with a Buy at Sterne Agee CRT.
06:48 EDTSESpectra Energy initiated with a Buy at Janney Capital
Target $43.

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