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Stock Market & Financial Investment News

News Breaks
December 20, 2012
16:52 EDTUPL, CORRCorEnergy sees Ultra Petroleum asset acquisition accretive to distribution
CorEnergy Infrastructure Trust (CORR) announced that it has closed its previously announced acquisition of a Liquids Gathering System from Ultra Petroleum (UPL). The LGS will continue to be operated by UPL under a long-term triple net lease. Located in the Pinedale field in Wyoming, the LGS is a vital component of natural gas production in one of the top five natural gas fields in the U.S. "We are pleased to have completed our largest acquisition of REIT-qualifying assets to-date," said CEO, David Schulte. "This is a mission-critical asset, with a high-quality tenant, and it represents a cornerstone for our energy infrastructure REIT strategy. The acquisition is accretive to our distribution and our Board of Directors has indicated that it intends to approve an increase in our quarterly distribution from 11c to 12.5c for the first full quarter following the acquisition. The REIT structure provides our investors direct access to U.S. energy infrastructure in an attractive vehicle with transparent cash flow."
News For CORR;UPL From The Last 14 Days
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July 31, 2015
10:02 EDTUPLOn The Fly: Analyst Downgrade Summary
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09:29 EDTUPLUltra Petroleum downgraded on natural gas outlook at Sterne Agee CRT
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06:15 EDTUPLUltra Petroleum downgraded to Neutral from Buy at Sterne Agee CRT
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July 30, 2015
07:53 EDTUPLUltra Petroleum raises FY15 production view to 283290 Bcfe from 280-290 Bcfe
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07:50 EDTUPLUltra Petroleum reports Q2 adjusted EPS 21c, consensus 19c
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July 20, 2015
10:00 EDTUPLOn The Fly: Analyst Upgrade Summary
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08:02 EDTUPLUltra Petroleum upgraded to Buy from Accumulate at KLR Group
KLR Group upgraded Ultra Petroleum to Buy with a $17 price target citing the recent pullback in shares.

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