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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:44 EDTCMLPCrestwood Midstream sees FY13 adjusted EBITDA $170M-$185M
The primary drivers include the consolidation of 100% of CMM, continued volume growth in the Marcellus region and the full year impact of the West Johnson County assets and Enerven operations acquired in August 2012 and December 2012, respectively. Crestwood anticipates average 2013 gathering volumes in the range of 1,000 MMcf/d to 1,100 MMcf/d, an overall increase of 30% from 2012; average processing volumes of approximately 225 MMcf/d to 240 MMcf/d, a 55% increase from 2012; and compression volumes of approximately 320 MMcf/d to 340 MMcf/d attributable to the recent Enerven acquisition. The company also expects capital spending on contracted projects and maintenance capital for FY13 to be in the range of $120M-$150M
News For CMLP From The Last 14 Days
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July 1, 2015
07:10 EDTCMLPCrestwood Equity Crestwood Midstream weakness unwarranted, says Wells Fargo
Noting that Crestwood Equity (CEQP) and Crestwood Midstream (CMLP) have dropped 38% and 28% respectively since announcing that they would merge on May 6, Wells Fargo reports that Crestwood Equity disclosed that it was pursing several strategic alternatives. However, the firm does not believe that its statement contained any negative information. Among the possible explanations for the stocks' weakness Wells has heard are hedge funds' disappointment with the transaction, as they were looking for a third party takeover, an increase in the short interest in Crestwood Equity in the wake of the news, and low NGL prices. Nonetheless the firm views the weakness n the stocks as unwarranted. It keeps an Outperform rating on Crestwood Midstream and a Market Perform rating on Crestwood Equity.
June 23, 2015
07:24 EDTCMLPCredit Suisse to hold a conference
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