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Stock Market & Financial Investment News

News Breaks
May 9, 2014
15:01 EDTEPB, DPMPrivately held nat gas pipeline company Nuevo exploring sale, Reuters says
Nuevo Midstream, which is owned by private equity firm EnCap FlatRock Midstream, is working with Barclays (BCS) to explore a sale that could fetch over $2.5B, according to Reuters, citing sources familiar with the matter. Owners of interstate natural gas pipelines include El Paso Pipeline (EPB) and DCP Midstream Partners (DPM). Reference Link
News For EPB;DPM From The Last 14 Days
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October 15, 2014
16:13 EDTEPBEl Paso Pipeline reports Q3 EPS ex-items 31c, consensus 39c
Reports Q3 revenue $352M, consensus $386.2M.
16:13 EDTEPBKinder Morgan now sees exceeding published annual budget dividend of $1.72
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15:28 EDTEPBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.36; eBay (EBAY), consensus 67c; Kinder Morgan (KMI), consensus 34c; Kinder Morgan Energy Partners (KMP), consensus 64c; Kinder Morgan Management (KMR), consensus 58c; El Paso Pipeline Partners (EPB), consensus 39c; Netflix (NFLX), consensus 93c; United Rentals (URI), consensus $2.08; Navient (NAVI), consensus 52c; Las Vegas Sands (LVS), consensus 58c; Umpqua Holdings (UMPQ), consensus 29c; Astoria Financial (AF), consensus 16c; Rambus (RMBS), consensus 5c.
October 14, 2014
16:53 EDTEPBTennessee Gas Pipeline closes open season for South System Flexibility Project
Kinder Morgan Energy Partners (KMP) announced that KMP’s Tennessee Gas Pipeline Company, or TGP, successfully closed a binding open season for its South System Flexibility Project for 500,000 dekatherms per day of capacity. MexGas Supply, formerly known as MGI Supply, the natural gas supply arm of Petróleos Mexicanos, has been awarded 100% of the project capacity. Anticipated project capital is $187M, with service beginning as early as Jan. 1, 2015. In addition, TGP initiated a binding open season Oct. 9 for its proposed Lone Star expansion project, which includes an incremental 300,000 Dth/d of firm transportation from Tennessee to South Texas for future infrastructure projects. TGP has secured an unnamed foundation shipper for this project and will announce the results and further details upon the close of the open season, which is scheduled for Oct. 31. The volumes committed are sufficient to justify building the project. The general partner of KMP is owned by Kinder Morgan (KMI). KMI owns the general partner interests of KMP and El Paso Pipeline Partners (EPB), along with limited partner interests in KMP, Kinder Morgan Management (KMR) and EPB.

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