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Stock Market & Financial Investment News

News Breaks
May 9, 2014
15:01 EDTDPM, EPBPrivately 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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February 24, 2015
17:08 EDTDPMDCP Midstream reports Q4 EPS 49c, consensus 55c
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08:20 EDTDPMEnterprise, Anadarko, DCP, MarkWest form joint venture for Panola
Enterprise Products Partners (EPD), Anadarko Petroleum (APC), DCP Midstream Partners (DPM) and MarkWest Energy Partners (MWE) announced the formation of a joint venture under which Enterprise will assign 45% ownership interest in its wholly owned Panola Pipeline Company. The interest will be evenly divided among Anadarko’s affiliate, WGR Asset Holding Company, DCP Midstream Partners and MarkWest. Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest. The Panola Pipeline, which transports natural gas liquids, originates in Carthage, Texas and extends 181 miles to Mont Belvieu, Texas. Incremental capacity is expected to be available in 1Q16. This corrects the symbol for Enterprise Products Partners.

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