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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:36 EDTAR, ETE, RRC, ETPEnergy Transfer Partners to build pipeline to transport natural gas
Energy Transfer Partners (ETP) announced that its Board of Directors has approved building a pipeline to transport natural gas from processing facilities located in the prolific Marcellus and Utica Shale areas to numerous market regions in the United States and Canada. In conjunction with this announcement, ETP is announcing it has signed long-term agreements with multiple shippers and is launching a binding Open Season. The natural gas pipeline is currently sized to transport 2.2 billion cubic feet per day, however, depending on additional shipper commitments, the project likely will be expanded to transport up to 3.25 billion cubic feet per day. ETP has secured capacity commitments from producers who hold significant acreage positions in the Utica and Marcellus Shales and has been in negotiations with numerous other shippers who have expressed a desire to contract for capacity in the Open Season. The three largest shippers on the project are American Energy – Utica, LLC, Antero Resources Corporation (AR) and Range Resources Corporation (RRC). American Energy and Antero Resources both have options to purchase non-operating equity interests in the project. The first approximately 400 miles of the project will enable the flow of gas from processing plants and interconnections in Pennsylvania, West Virginia and Ohio to points of interconnection with Energy Transfer’s existing Panhandle Eastern Pipe Line and another Midwest pipeline near Defiance, Ohio. Shippers in the ET Rover project also will be able to transport to Trunkline Zone 1A, delivery points via the interconnection with PEPL, to access existing and new industrial markets and potential liquefaction export markets in the Gulf Coast. Additionally, ETP expects to construct an approximately 195-mile segment from the Defiance area through Michigan and ultimately to the Union Gas Dawn Hub near Sarnia, Canada providing producers with access to diverse markets and end-users in Michigan and Canada with access to Marcellus and Utica supplies. Energy Transfer has received sufficient commitments and Board Approval to build the pipeline to Defiance and anticipates receiving sufficient volumes to justify building to Dawn.
News For ETP;ETE;AR;RRC From The Last 14 Days
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July 7, 2015
18:58 EDTETEEnergy Transfer Equity confirms terms of Williams proposal
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July 2, 2015
13:11 EDTETP, ETEEnergy Transfer refuses 'standstill' clause in Williams auction, Bloomberg says
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12:37 EDTETEWilliams said to have contacted over 15 potential suitors, Bloomberg reports
Energy Transfer Equity's (ETE) CEO is said to push back against Williams' (WMB) auction rules, according to Bloomberg.
June 30, 2015
10:00 EDTRRCOn The Fly: Analyst Upgrade Summary
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09:18 EDTRRCRange Resources upgraded to Outperform from Market Perform at Raymond James
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06:02 EDTRRCRange Resources upgraded to Outperform from Market Perform at Raymond James
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June 28, 2015
13:49 EDTRRCRange Resources could see 'big swing up,' Barron's says
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June 26, 2015
16:32 EDTETEStocks end week lower with Greece still searching for deal
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07:51 EDTETEEnergy Transfer Equity weakness creates buying opportunity, says Wells Fargo
After meeting with ETE's (ETE) management, Wells Fargo says that, in a worst case scenario, an acquisition of Williams (WMB) would not materially impact ETE's growth. However, the firm thinks the merger could boost the company's results if it can extract commercial synergies from the deal. Wells says that ETE wants to carry out the merger in order to boost its growth in 2019 and beyond. But ETE also believes that it could add $3B-$5B of additional organic growth projects if it acquires Williams, while generating more cash flow from Williams' existing projects, according to the firm.
June 25, 2015
06:40 EDTETEWilliams downgraded to Neutral from Overweight at JPMorgan
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June 24, 2015
15:47 EDTETEBankers 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 Williams’ 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.
14:04 EDTRRCRange Resources upgraded to Outperform from Peer Perform at Wolfe Research
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