New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 3, 2014
04:55 EDTECA, ECA, GTE, GTE, ERF, ERF, TRP, TRP, KMI, KMI, ENB, ENB, TLM, TLM, PGH, PGH, BTE, BTE, DVN, DVNCanadian Association of Petro Producers & Scotiabank co-host a symposium
2014 CAPP Scotiabank Investment Symposium is being held in Toronto on April 3-4.
Sign up for a free trial to see the rest of the stories you've been missing.
October 8, 2015
06:51 EDTTRPTransCanada agrees to acquire Ironwood power plant from Talen Energy
TransCanada Corporation (TRP) announced that it has reached an agreement to acquire the Ironwood natural gas fired, combined cycle power plant in Lebanon, Pennsylvania, with a nameplate capacity of 778 MW, from Talen Energy (TLN) for $654M. At closing, $42M in debt will be assumed and then repaid within 45 days of closing out of funds placed into escrow by the seller. The acquisition is expected to be immediately accretive to earnings and cash flow and generate approximately $90M-$110M in earnings before interest, taxes, depreciation and amortization annually through a combination of capacity payments and energy sales.
06:44 EDTTRPTalen Energy agrees to sell three PA power plants for $1.51B
Subscribe for More Information
06:42 EDTECAEncana agrees to sell DJ Basin assets for $900M
Encana announced that its wholly-owned subsidiary, Encana Oil & Gas, has reached an agreement to sell its Denver Julesburg, or DJ, Basin assets in Colorado to a new entity 95% owned by Canada Pension Plan Investment board and 5% by The Broe Group. Total consideration to Encana under the transaction is approximately $900M. Encana will use the cash proceeds to further strengthen its balance sheet and create greater flexibility in this market environment. When combined with net proceeds from previously announced asset sales, cash proceeds from divestitures in 2015 will total approximately $2.7B. The company expects to have reduced its net debt in 2015 by approximately $3B by year-end.
October 7, 2015
08:40 EDTTRPTransCanada announces binding open season for Cushing Marketlink
TransCanada launched an Open Season to obtain binding commitments from interested parties for transportation of crude oil on Cushing Marketlink from Cushing, Oklahoma to markets on the U.S. Gulf Coast. Interested parties may submit binding bids for transportation capacity during the Open Season that will close on November 6 at Noon MST. The anticipated commencement date for crude oil transportation service is early Q1 of 2016.
October 6, 2015
08:54 EDTPGHPengrowth Energy agrees to sell Bodo property for $95M
Subscribe for More Information
October 2, 2015
18:24 EDTKMITennessee Gas Pipeline issues statement of MA DPU order on EDCs
Subscribe for More Information
October 1, 2015
10:00 EDTDVNOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMEC Foster Wheeler (AMFW) upgraded to Neutral from Underperform at Macquarie... Ares Capital (ARCC) upgraded to Outperform from Neutral at Macquarie... Celgene (CELG) upgraded to Overweight from Neutral at JPMorgan... Deutsche Boerse (DBOEY) upgraded to Overweight from Underweight at Barclays... Devon Energy (DVN) upgraded on valuation, catlysts at Bernstein... HeartWare (HTWR) upgraded to Market Perform from Underperform at Northland... IBERIABANK (IBKC) upgraded to Buy from Hold at Sandler O'Neill... (JD) upgraded to Buy from Hold at Deutsche Bank... Kirby (KEX) upgraded to Neutral from Underperform at Macquarie... Madison Square Garden (MSG) upgraded to Buy from Hold at Jefferies... Microsoft (MSFT) upgraded to Neutral from Underperform at BofA/Merrill... Newell Rubbermaid (NWL) upgraded to Buy from Neutral at B. Riley... Norfolk Southern (NSC) upgraded to Outperform from Peer Perform at Wolfe Research... Pernod Ricard (PDRDY) upgraded to Buy from Neutral at Goldman... RWE AG (RWEOY) upgraded to Sector Perform from Underperform at RBC Capital... SanDisk (SNDK) upgraded to Overweight from Equal Weight at Morgan Stanley... Steven Madden (SHOO) upgraded to Outperform ahead of earnings turn at Telsey Advisory... Trex Company (TREX) upgraded to Strong Buy from Buy at CL King... Universal Health (UHS) upgraded to Overweight from Sector Weight at KeyBanc... Western Digital (WDC) upgraded on transaction, valuation, momentum at Argus... Workday (WDAY) upgraded to Overweight from Equal Weight at Stephens.
08:30 EDTDVNDevon Energy upgraded on valuation, catlysts at Bernstein
As noted earlier, Bernstein upgraded Devon Energy to Outperform from Market Perform. The firm upgraded the stock on valuation, and what it sees as a number of positive catalysts, including improving well results in the Permian and Eagle Ford, and the ramp of the company's oil sands production project buy the end of this year. Target to $58 from $63.
07:43 EDTDVNDevon Energy upgraded to Outperform from Market Perform at Bernstein
Subscribe for More Information
September 30, 2015
09:02 EDTTRPTransCanada to apply to Nebraska PSC to approve Keystone XL
Subscribe for More Information
06:20 EDTTRPTransCanada to end legal fight with Nebraska landowners, Globe and Mail says
TransCanada is altering its strategy to get the Keystone XL pipeline built through Nebraska by ending a legal skirmish with landowners opposed to the project and instead going to the state's Public Service Commission for approval, the Globe and Mail reports. The company has been trying to achieve U.S. approvals for the $8B pipeline for the past seven years and has said that the new strategy is about avoiding an arduous legal process in Nebraska, the report says. Opponents of the project believe that TransCanada's shift in strategy is a sign that the company needs to reduce legal costs, the report says. Reference Link
September 29, 2015
13:42 EDTKMIKinder Morgan announces additional gas capacity commitments to NED project
Kinder Morgan announced that its subsidiary, Tennessee Gas Pipeline Company, has executed agreements with producers, local distribution companies and a New York end-use market participant totaling 627,000 dekatherms per day for the Supply Path component of the proposed Northeast Energy Direct Project. The agreements will provide a direct supply link from abundant natural gas fields in Pennsylvania to existing and future Northeast and New England markets, and firm transport of incremental supplies for delivery at or near Wright, New York. From the Wright area, shippers can deliver into the Market Path component of the NED project for transport to Dracut, Massachusetts, or into TGP's existing pipeline system or into the Iroquois Gas Transmission system. The incremental gas supplies will help meet New York and New England's growing consumer and industrial gas needs, as well as helping to bolster electric reliability in the region. TGP is continuing to negotiate with additional potential shippers on the NED project, including LDCs and others, and expects to announce these commitments and others at a later date. NED's Supply Path component, from northeastern Pennsylvania to Wright, New York, is scalable up to 1.2 billion cubic feet per day, and its Market Path component is scalable up to 1.3 Bcf/d. The NED project, including the Supply Path and Market Path components, has a planned in-service date of November 2018, subject to regulatory approvals. Additionally, the NED Supply Path component and associated agreements are subject to approval by the Kinder Morgan board of directors.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use