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Stock Market & Financial Investment News

News Breaks
May 14, 2014
07:18 EDTWFT, PAA, LNG, EPD, TRP, NSH, KMI, CNQ, PSX, NS, ETPMitsubishi UFJ to hold a conference
Oil & Gas Conference to be held in New York on May 14.
News For CNQ;EPD;ETP;KMI;LNG;NS;NSH;PAA;PSX;TRP;WFT From The Last 14 Days
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November 14, 2014
17:48 EDTTRPTransCanada to host investor day
Investor Day to be held in Toronto on November 19 at 8 am. Webcast Link
17:07 EDTPSXSoros Fund Management gives quarterly update on stakes
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16:58 EDTLNGThird Point gives quarterly update on stakes
NEW STAKES: Alibaba (BABA), eBay (EBAY), Bed Bath & Beyond (BBBY), Shire (SHPG), and Parker Hannifin (PH). INCREASED STAKES: Actavis (ACT), Amgen (AMGN), EQT (EQT), Sensata (ST), Coca-Cola Enterprises (CCE). DECREASED STAKES: Williams Cos (WMB), Ally Financial (ALLY), Cheniere Energy (LNG), YPF (YPF), and FedEx (FDX). LIQUIDATED STAKES: AIG (AIG), T-Mobile (TMUS), Rackspace (RAX), Hertz (HTZ), and Citrix Systems (CTXS).
16:39 EDTPSXBerkshire Hathaway gives quarterly update on stakes
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14:24 EDTTRPTransCanada one vote short in Senate, The Hill says
TransCanada's Keystone Pipeline is one vote short of the 60 it will need to be approved by the Senate, according to The Hill. The House already approved the pipeline, but the White House indicated this week that President Obama is still opposed to it. Reference Link
12:56 EDTTRPHouses passes Keystone approval bill, Senate to vote next week
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12:53 EDTKMIOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
09:33 EDTTRPTransCanada volatility elevated into Congress likely vote on Keystone Pipeline
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08:00 EDTWFTHalliburton, Baker deal would face 'intense' DOJ scrutiny, says Jefferies
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07:05 EDTKMIKinder Morgan says expected closing date of merger Nov. 24
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06:20 EDTWFTCiti sees 10% accretion if Halliburton pays $66/share for Baker Hughes
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November 13, 2014
19:04 EDTPAARose Rock-operated White Cliffs Pipeline expands capacity
White Cliffs Pipeline, owned by subsidiaries of Rose Rock (RRMS), Plains All American Pipeline,(PAA), Western Gas Partners (WES) and Noble Energy (NBL), plans to expand capacity on its existing system to facilitate increasing shipments of crude oil from the DJ Basin to the Cushing hub. Once the Expansion Project is fully operational, the capacity of the White Cliffs Pipeline will increase from 150K barrels/day to a maximum of approximately 215K barrels/day. The Expansion Project is expected to be complete by the end of 3Q15. Following completion, Rose Rock Midstream, L.P. will continue operating the White Cliffs Pipeline.
15:45 EDTWFTHalliburton, Baker Hughes in fast-moving merger talks, WSJ reports
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14:50 EDTKMILonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTKMILonestar capital to shut down, DJ reports
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06:39 EDTTRPCongress likely to vote on Keystone Pipeline soon, Politico says
Congress is expected to vote on legislation authorizing TransCanada's Keystone Pipeline in coming days, but supporters look to be a few votes short in the Senate, according to Politico. Additionally, the White House indicated that President Obama still opposes the measure, the website stated., citing a Reuters report. Reference Link
November 12, 2014
08:51 EDTTRPTransCanada to sell remaining interest in GTN to TC PipeLines
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08:35 EDTEPDEnterprise Products, Oiltanking Partners enter into merger agreement
Enterprise Products Partners (EPD) and Oiltanking Partners (OILT) announced that Enterprise and Oiltanking Partners have entered into a merger agreement. Under the terms of the merger agreement, Oiltanking Partners would merge with a subsidiary of Enterprise in a unit-for-unit exchange. Unitholders of Oiltanking Partners would receive 1.3 Enterprise common units for each Oiltanking Partners common unit. This exchange ratio represents a 5.6 percent premium to Oiltanking Partners unitholders based on the respective closing prices for Enterprise and Oiltanking Partners common units on September 30, 2014, the day before the merger was originally proposed. Relative to the respective closing prices for Enterprise and Oiltanking Partners common units on November 10, 2014, the day before the parties entered into the merger agreement, the 1.3 exchange ratio represents a 10.4 percent premium to Oiltanking Partners unitholders. Based on the latest cash distribution declared by Enterprise and Oiltanking Partners with respect to the third quarter of 2014, this exchange ratio would result in a 74 percent increase in cash distributions for Oiltanking Partners unitholders. The approval and adoption of the merger agreement require approval by holders of a majority of the outstanding Oiltanking Partners common units. A subsidiary of Enterprise, which will own a sufficient number of Oiltanking Partners common units to approve the merger on behalf of all Oiltanking Partners unitholders, has executed a support agreement with Oiltanking Partners in which it has irrevocably agreed to consent to the merger. This subsidiary will own approximately 54.8 million Oiltanking Partners common units, or approximately 66 percent of the total Oiltanking Partners common units then outstanding, following the conversion of approximately 38.9 million Oiltanking Partners subordinated units into common units. The one-for-one conversion of these subordinated units into common units will occur on November 17, 2014, the business day immediately following payment of the Oiltanking Partners cash distribution scheduled to be paid on November 14, 2014. Approval and adoption of the merger agreement will be submitted to a vote of the unitholders of Oiltanking Partners. Upon completion of the merger, which is expected to occur in early 2015, the total consideration paid by Enterprise for the Oiltanking Partners general partner and related incentive distribution rights and the limited partner units would be approximately $6.0 billion. The merger terms were negotiated, reviewed and approved by the conflicts committee of the board of directors of the general partner of Oiltanking Partners and approved by the board of directors of the general partner of Oiltanking Partners.
08:34 EDTEPDEnterprise Products, Oiltanking Partners enter into merger agreement
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07:59 EDTLNG, WFTMitsubishi UFJ to hold a tour
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