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Stock Market & Financial Investment News

News Breaks
January 2, 2013
18:53 EDTEPD, ENBEnterprise Products: Seaway pipeline expansion nears completion
Seaway Crude Oil Pipeline Company announced that final work is being performed in preparation for the increase in capacity from approximately 150,000 barrels per day to approximately 400,000 BPD. In order to complete the remaining pump station connections,transportation service has been suspended on the 500-mile, 30-inch diameter pipeline and is expected to resume operations at full rates by the end of next week. Seaway Crude Pipeline Company is a 50/50 joint venture owned by affiliates of Enterprise Products Partners (EPD) and Enbridge (ENB).
News For EPD;ENB From The Last 14 Days
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March 30, 2015
16:48 EDTEPDEnterprise Products expands office of Chairman
The board of directors of Enterprise’s general partner has elected to expand the office of the chairman effective April 1. Currently, the office of the chairman is comprised of Williams serving as non-executive chairman, Creel serving as CEO and Teague serving as COO. The board has elected to add the role of chief administrative officer to the office of the chairman.
16:40 EDTEPDEnterprise Products CEO Michael Creel to retire, A.J. Teague to succeed
Enterprise Products Partners L.P. reported that Michael Creel, CEO of Enterprise’s general partner, has announced his intention to retire as of December 31, 2015. A.J. “Jim” Teague, Enterprise’s COO, has been elected to succeed Creel as CEO officer upon Creel’s retirement at the end of 2015. Teague has served as a director of Enterprise’s general partner since 2008 and as COO since 2010.
16:34 EDTEPDEnterprise Products names W. Randall Fowler as chief administrative officer
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16:33 EDTEPDEnterprise Products names Bryan Bulawa as CFO
Bryan Bulawa has been elected senior vice president and CFO effective as of April 1. Bulawa has served as Enterprise’s senior vice president and treasurer since 2009. He joined Enterprise as vice president and treasurer in 2007. Prior to joining Enterprise, Bulawa spent thirteen years in the corporate and investment banking energy division of Scotia Capital engaged in client coverage, corporate finance, project finance advisory, bank and institutional loan syndications. Bulawa will continue to report to Fowler.
March 23, 2015
10:00 EDTEPDOn The Fly: Analyst Upgrade Summary
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07:16 EDTEPDHoward Weil to hold a conference
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06:42 EDTEPDEnterprise Products upgraded to Buy from Hold at Jefferies
Jefferies upgraded Enterprise Products to Buy with a $36 price target saying the 13.5% year-to-date decline in units presents an attractive entry point.
March 19, 2015
06:25 EDTEPDEnterprise Products resumed with a Buy at Citigroup
Price target lowered to $37 from $45.

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