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Stock Market & Financial Investment News

News Breaks
February 27, 2013
05:55 EDTEPD, EPD, EPD, ANR, ANR, ANR, SWN, SWN, SWN, FTI, FTI, FTI, SLCA, SLCA, SLCA, NFX, NFX, NFX, GDP, GDP, GDP, DNR, DNR, DNR, HERO, HERO, HEROSimmons & Co to host a conference
Simmons Energy Conference is being held in Las Vegas on February 27-March 1.
News For EPD;ANR;SWN;FTI;SLCA;NFX;GDP;DNR;HERO From The Last 14 Days
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July 1, 2015
17:00 EDTEPDEnterprise Products files to sell $1.92B in common units
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16:35 EDTANRAlpha Natural announces consolidation of Marcellus Shale JV ownership
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16:25 EDTEPDEnterprise Products signs additional commitment for Aegis ethane pipeline
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June 30, 2015
13:31 EDTANRAlpha Natural creditors prepping for restructuring talks, WSJ reporter says
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10:01 EDTNFXOn The Fly: Analyst Initiation Summary
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06:41 EDTNFXNewfield Exploration initiated with a Buy at BofA/Merrill
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June 29, 2015
10:41 EDTANRSupreme court rules EPA unlawful with power plant pollution rules, Reuters says
Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
June 26, 2015
11:08 EDTANRPeabody plunges after Moody's lowers credit rating
Shares of coal miner Peabody (BTU) are lower in late morning trading after Moody's Investors Service downgraded the company's credit rating last night. WHAT'S NEW: Moody's Investors Service downgraded the ratings of Peabody, including the corporate family rating, to B3 from B2, probability of default rating to B3-PD from B2-PD. The firm noted that the outlook is negative. Moody's said that the downgrade "reflects our expectation of continued deterioration in the company's credit metrics, more precipitous than we had forecasted previously, due to the ongoing decline in the seaborne metallurgical coal markets." The firm expects that the company's Debt/EBITDA, as adjusted, will approach 9x in 2015. Moody's said that although it anticipates some recovery in 2016, it sees the leverage remaining elevated at around 7x. Absent asset sales, the company will generate negative free cash flows in 2015 and 2016, Moody's said in the report. WHAT'S NOTABLE: Moody's said that a further downgrade would be considered if liquidity deteriorated, free cash flows were repeatedly negative and/or Debt/EBITDA exceeded 8x on a sustained basis. PRICE ACTION: Shares of Peabody are down over 9.5% to $2.08 in late morning trading, rebounding from an earlier low of $1.92. OTHERS TO WATCH: Other companies in the coal mining space include Alpha Natural Resources (ANR), Arch Coal (ACI) and CONSOL Energy (CNX).
June 24, 2015
15:47 EDTEPDBankers see Energy Transfer having upper hand for Williams, dealReporter says
Energy industry bankers believe Energy Transfer Equity (ETE) has a good chance of winning its hostile bid for Williams (WMB), with one guessing Williams is likely to sell at a higher offer, but still to Energy Transfer, and another believing Energy Transfer will likely have to tweak the offer terms to change Williamsí mind, said dealReporter, according to contacts. Both bankers referenced in the report said other suitors are likely to emerge, with Kinder Morgan (KMI) and Enterprise Products Partners (EPD) named as being "equally capable" of pursuing a deal.
June 22, 2015
17:04 EDTEPDOn The Fly: Top stock stories for Monday
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16:07 EDTFTIFMC Technologies awarded $297M contract for subsea production systems
FMC Technologies announced that it has received an order from BP Exploration Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $297M in revenue and is in addition to the initial order for Well Clusters 1-2 received in 2014 from BP, the operator of the Shah Deniz Stage 2 project. The Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea, approximately 100km south of Baku.
08:47 EDTEPDKinder Morgan not likley to bid Williams, says Credit Suisse
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06:05 EDTGDPGoodrich Petroleum commences completion operations on 2 of 6 wells in TMS
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June 18, 2015
09:04 EDTHEROOn The Fly: Pre-market Movers
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08:59 EDTNFXNewfield Exploration upgraded on Anadarko Basin potential at Stifel
As noted earlier, Stifel upgraded Newfield to Buy from Hold. As reasons for the upgrade, the firm cited the company's success in the Anadarko Basin and its belief that the STACK and SCOOP portions of the region could unlock significant value for the company.Target $48.
07:58 EDTGDPGoodrich Petroleum selloff overdone, says SunTrust
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06:33 EDTNFXNewfield Exploration upgraded to Buy from Hold at Stifel
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June 17, 2015
18:53 EDTHEROHercules Offshore enters restructuring support agreement with noteholders
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