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Stock Market & Financial Investment News

News Breaks
June 12, 2014
07:52 EDTNBL, CNXCONSOL and Noble Energy to form a midstream master limited partnership
CONSOL Energy (CNX) and its Marcellus Shale joint venture partner, Noble Energy (NBL), intend to form a master limited partnership to provide midstream gathering services for production from their jointly owned acreage in the Marcellus Shale. CONSOL Energy and Noble Energy have caused a draft registration statement on Form S-1 to be confidentially submitted to the SEC for an initial public offering of common units of the MLP. The offering is expected to be completed late in Q3 or early in Q4. Following the closing of the initial public offering, CONSOL Energy and Noble Energy will control the general partner of the MLP, which will own the incentive distribution rights, and will collectively own a majority of the limited partner interests of the MLP.
News For CNX;NBL From The Last 14 Days
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June 29, 2015
13:47 EDTCNXSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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10:51 EDTCNXSupreme Court overrules EPA regulations on power plant pollution, The Hill says
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10:41 EDTCNXSupreme court rules EPA unlawful with power plant pollution rules, Reuters says
Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
07:18 EDTNBLNoble Energy working to resolve regulatory matters with Israeli government
Noble Energy said in a regulatory filing that it continues to work to resolve regulatory matters with the Israeli government, a key step to enable the sanction of certain future development projects in Israel. On June 25, the Israeli Security Cabinet unanimously adopted a decision that empowers the Government of Israel to exempt certain arrangements from the provisions of the Israeli Restrictive Trade Practices Law 1988. This decision was followed on June 28, with a decision by the government of Israel to assume the authority of the Minister of Economy to exercise the rights granted to him under the IRTPL to exempt certain arrangements from the provisions of the IRTPL. It is expected that the Israeli government will publish for a public hearing a comprehensive framework that will address and clarify many of the outstanding regulatory issues facing the Company and its partners in developing their offshore assets. As stated above, the publication of the Framework is only an initial stage and a final decision is subject to the outcome of the public hearing and any legal challenges that may be brought against the decision in the Israeli courts. Therefore, there can be no assurances as to when or if the decision will be finalized or as to the terms thereof if finalized.
June 26, 2015
11:08 EDTCNXPeabody plunges after Moody's lowers credit rating
Shares of coal miner Peabody (BTU) are lower in late morning trading after Moody's Investors Service downgraded the company's credit rating last night. WHAT'S NEW: Moody's Investors Service downgraded the ratings of Peabody, including the corporate family rating, to B3 from B2, probability of default rating to B3-PD from B2-PD. The firm noted that the outlook is negative. Moody's said that the downgrade "reflects our expectation of continued deterioration in the company's credit metrics, more precipitous than we had forecasted previously, due to the ongoing decline in the seaborne metallurgical coal markets." The firm expects that the company's Debt/EBITDA, as adjusted, will approach 9x in 2015. Moody's said that although it anticipates some recovery in 2016, it sees the leverage remaining elevated at around 7x. Absent asset sales, the company will generate negative free cash flows in 2015 and 2016, Moody's said in the report. WHAT'S NOTABLE: Moody's said that a further downgrade would be considered if liquidity deteriorated, free cash flows were repeatedly negative and/or Debt/EBITDA exceeded 8x on a sustained basis. PRICE ACTION: Shares of Peabody are down over 9.5% to $2.08 in late morning trading, rebounding from an earlier low of $1.92. OTHERS TO WATCH: Other companies in the coal mining space include Alpha Natural Resources (ANR), Arch Coal (ACI) and CONSOL Energy (CNX).
June 25, 2015
12:34 EDTNBLNoble, Delek to maintain control of Leviathan gas field, Reuters says
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June 24, 2015
10:43 EDTCNXStocks with call strike movement; BBRY CNX
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June 23, 2015
10:03 EDTCNXHigh option volume stocks
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07:34 EDTNBLGlobal Hunter Securities to hold a conference
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