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Stock Market & Financial Investment News

News Breaks
May 15, 2014
07:43 EDTENLKEnLink Midstream upgraded at Oppenheimer
As previously reported, Oppenheimer upgraded Enlink Midstream (ENLK) to Outperform from Perform. The firm upgraded shares following yesterday's analyst day based on increased confidence in 2015 distribution growth driven by drop-downs, organic growth projects and growth from Devon Energy (DVN) assets. Price target is $37.
News For ENLK From The Last 14 Days
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August 18, 2014
08:04 EDTENLKEnLink Midstream, EnLink Midstream announce construction plans
The EnLink Midstream companies, EnLink Midstream Partners, LP (ENLK) and EnLink Midstream (ENLC) announced plans to construct a new 45-mile, eight inch condensate pipeline and six natural gas compression and condensate stabilization facilities that will service major producer customers in the Utica Shale, including Eclipse Resources. The total investment for the expansion project is over $250M, roughly doubling the capital EnLink Midstream has invested in the Ohio River Valley to more than $500M. As a component of the project, the Partnership has entered into a long-term, fee-based agreement with Eclipse Resources for compression and stabilization services and for the purchase of stabilized condensate. Eclipse Resources is a Utica Shale focused exploration and production company that is currently running four horizontal rigs in the Utica Shale and expects to add an additional two rigs by year end.

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