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Stock Market & Financial Investment News

News Breaks
March 7, 2014
15:53 EDTENLC, DVN, XTEX, ENLK, XTXIDevon, Crosstex Energy complete transaction to create EnLink Midstream
Devon Energy (DVN), EnLink Midstream (ENLC) and EnLink Midstream Partners (ENLK) announced the completion of the previously announced transaction to combine substantially all of Devonís U.S. midstream assets with the assets of the former Crosstex Energy Inc. (XTXI) and Crosstex Energy, L.P. (XTEX). Crosstex Energy, Inc. stockholders overwhelmingly voted in favor of the proposal to adopt the previously announced merger agreement among Crosstex Energy, Inc., Devon and certain of Devonís subsidiaries. Following closing, two publicly traded entities will exist: a general partner entity and the master limited partnership, which will operate under the legal names EnLink Midstream, LLC and EnLink Midstream Partners, LP, respectively. Both EnLink Midstream securities will begin trading on March 10 on the New York Stock Exchange under the symbols "ENLC" for the general partner and "ENLK" for the master limited partnership.
News For DVN;XTXI;XTEX;ENLC;ENLK From The Last 14 Days
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April 1, 2015
17:07 EDTENLK, DVNEnLink Midstream sees VEX acquisition immediately accretive
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March 30, 2015
07:16 EDTDVNDevon Energy price target raised to $80 from $75 at Credit Suisse
Credit Suisse raised Devon's price target to $80 to reflect the updated reserve report. The firm reiterates its Outperform rating and sees catalysts from the drop down in of the Access Pipeline to EnLink and the delineation drilling in Lavaca County.
March 25, 2015
09:24 EDTENLKOn The Fly: Pre-market Movers
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08:31 EDTENLKEnLink Midstream 22.8M share Spot Secondary priced at $25.71
Morgan Stanley, BofA/Merrill, Barclays, Wells Fargo, JPMorgan, UBS, Citigroup, Credit Suisse, Deutsche Bank, Goldman, RBC Capital, Jefferies and Raymond James acted as joint book running managers for the offering.
March 24, 2015
19:40 EDTENLKOn The Fly: After Hours Movers
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16:16 EDTENLKEnLink Midstream files to sell 22.8M common units representing limited partners
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11:28 EDTENLKEnLink Midstream to host analyst and investor meeting
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March 23, 2015
18:08 EDTENLK, DVNEnLink Midstream to acquire Victoria Express assets from Devon Energy
EnLink Midstream Partners (ENLK) announced that it has entered into an agreement to acquire the Victoria Express Pipeline and related truck terminal and storage assets from Devon Energy Corporation (DVN). Total consideration for the transaction is approximately $210M-$220M, including approximately $171M in cash, approximately 338,000 of the Partnershipís common units and EnLinkís assumption of approximately $30M-$40M in certain construction costs to expand the system to full capacity, subject to adjustments. The transaction, which is expected to close on or about April 1, subject to the satisfaction of certain conditions, is expected to be immediately accretive to the Partnership.

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