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February 27, 2013
Simmons Energy Conference is being held in Las Vegas on February 27-March 1.
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October 6, 2015
13:59 EDTDNRSailingStone reports 10.4% passive stake in Denbury Resources
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October 5, 2015
09:39 EDTFTIFMC Technologies upgraded to Buy from Accumulate at Seaport Global
Seaport Global upgraded FMC Technologies to Buy from Accumulate with a $38 price target. Analyst Mark Brown upgraded shares citing recent stock price declines, order progress, and views the company has an acquisition candidate.
07:17 EDTSWNIndependent Petroleum Association of America to hold a conference
IPAA--OGIS is being held in San Francisco on October 5-6.
October 1, 2015
12:54 EDTEPDOptions with increasing call volume
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10:31 EDTEPDEnterprise Products increases quarterly dividend to 38.5c per share
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September 28, 2015
13:01 EDTEPDAnalyst says Sanchez Energy's asset sale to strengthen liquidity position
Shares of Sanchez Energy (SN) surged after the company said it plans to sell certain Eagle Ford Shale midstream assets to Sanchez Production Partners (SPP) for $345M. WHAT'S NEW: Sanchez Energy said it reached an agreement with Sanchez Production Partners under which SPP will acquire and operate certain midstream assets located on the Western part of its Catarina asset in the Eagle Ford Shale in South Texas for cash consideration of roughly $345M. As part of the divestiture, Sanchez Energy said it will sell roughly 150 miles of midstream gathering lines and associated midstream infrastructure concentrated in four gathering and processing facilities. The deal is expected to close in October. In a statement, Sanchez Energy chief Executive Officer Tony Sanchez III said the midstream sale "highlights our ability to capture the full spectrum of value in our asset base, raise capital outside of traditional markets and improve our financial flexibility." Sanchez Energy also confirmed this morning that its third quarter 2015 average production will "likely meet or exceed" the high end of the previous guidance range of 46,000-50,000 barrels of oil equivalent per day. The company said it is still confident that it can build a 20-30 well bank toward its 50-well per year drilling commencement at Catarina at its current rig count. WHAT'S NOTABLE: Affiliates of Pioneer Natural Resources (PXD) and Reliance Holding USA sold off pipelines and other midstream assets in the Eagle Ford to Enterprise Product Partners (EPD) in July for $2.15B to be paid in two installments, and Matador Resources (MTDR) recently sold off similar assets to EnLink Midstream Partners (ENLK) for $143M. Meanwhile, Sanchez Production Partners said it will recommend that the board of directors of its general partner approve a plan to start distributions at an initial annualized rate of $1.60 per share. STREET RESEARCH: Northland Capital Markets analyst Jeff Grampp said that the proceeds from the announced asset sale will strengthen Sanchez Energy's "already meaningful" liquidity position and set up the company well for opportunistic acquisitions. The analyst said that even though the company previously discussed the possible sale of midstream assets, the move's value capture is "meaningfully positive" and underappreciated by the market. Grampp reiterated an Outperform rating and $12 price target on the stock. PRICE ACTION: In midday trading, Sanchez Energy is up 5.82% to $5.64 and Sanchez Production Partners is up 88.89% to $8.84.
07:25 EDTGDPJohnson Rice to hold a conference
2015 Johnson Rice Energy Conference is being held in New Orleans, Louisiana on September 28-30.
September 25, 2015
13:52 EDTSLCASand proppant producers plunge after Emerge Energy withdraws guidance
Shares of sand proppant producers U.S. Silica (SLCA), Hi-Crush Partners (HCLP), CARBO Ceramics (CRR), and Fairmount Santrol Holdings (FMSA) are declining after peer Emerge Energy Services (EMES) withdrew its distribution guidance, causing Baird and Stifel to issues downgrades on the company. WHAT'S NEW: Emerge Energy said in a statement Thursday night that it is withdrawing its previously announced distribution guidance for 2015 due to difficult market conditions in its Sand and Fuel segments caused by prolonged downward pressure on oil and natural gas prices. Emerge Energy also noted that it does not currently anticipate announcing any further distribution guidance for 2015. WHAT'S NOTABLE: In a note to investors, Baird analyst Ethan Bellamy downgraded Emerge Energy Services to Underperform from Neutral as he warned that distribution cuts are likely ahead. Bellamy noted that Emerge Energy announced preliminary 2015 DPU guidance of $8.00/unit, but lowered it to $3.00 in April, and again lowered it in August to $2.50-$3.00 before cutting guidance completely Thursday. Baird is now modeling DPU of $2.35/unit in 2015 versus current consensus of $2.55/unit. Fracking sand prices continue to be under pressure due to renegotiated contracts and reduced spending by exploration and production companies, the analyst added. Additionally, Baird warned of a possible covenant breach in the future. The firm noted that Emerge Energy is in ongoing discussions with its lenders to seek a prospective waiver on its covenants. Another research firm, Stifel, downgraded shares of Emerge Energy to Sell from Hold. The firm significantly reduced its estimates and thinks the stock has several negative catalysts. It predicted there will be additional downward pressure on the shares. PRICE ACTION: In afternoon trading, shares of Emerge Energy are down 29.75% to $8.24. OTHERS TO WATCH: Other sand proppant producers are trading lower in afternoon trading, with U.S. Silica down almost 10%, Hi-Crush Partners falling 12.7%, CARBO Ceramics dropping 5.4%, and Fairmount Santrol Holdings declining over 8%.

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