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Stock Market & Financial Investment News

News Breaks
May 20, 2014
07:31 EDTEPDEnterprise Products begins exporting refined products from Beaumont terminal
Enterprise Products Partners L.P. has loaded the first cargo of refined products for export from its reactivated marine terminal in Beaumont, Texas. Located on the Neches River, the terminal can load at rates up to 15,000 barrels per hour. The facility includes a dock with a 40-foot draft that can accommodate Panamax size vessels that have a capacity of up to 400,000 barrels. The terminal has access to more than 12 million Bbls of refined products storage and receives products from eight refineries, representing approximately 3.3 million barrels per day of capacity, as well as the Colonial Pipeline. The improvements and modifications required to resume operations at the terminal, which included dredging, new pipeline construction, and the installation of new loading arms and vapor recovery systems, are supported by shipper commitments. Future plans for the Beaumont refined products terminal include the addition of a second dock and significant on-site storage for blending components.
News For EPD 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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