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Stock Market & Financial Investment News

News Breaks
March 4, 2013
08:12 EDTEVEPEV Energy shares still attractive, says Oppenheimer
After EV Energy's stock sold off sharply after announcing 4Q12 results that did not include the much anticipated sale of its Utica acreage, Oppenheimer still expects the company to close on a favorable deal. The firm maintains an Outperform rating o9n the stock.
News For EVEP From The Last 14 Days
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September 29, 2014
10:00 EDTEVEPOn The Fly: Analyst Downgrade Summary
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06:33 EDTEVEPEV Energy downgraded to Hold from Buy at Stifel
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September 23, 2014
08:15 EDTEVEPEV Energy to divest 9% interest in Cardinal Gas Services
EV Energy Partners announced it has signed an agreement to divest its 9% interest in Cardinal Gas Services to E1 and a Korean consortium led by Samchully for $162M, which includes estimated purchase price adjustments of approximately $18M. This sale is being made in conjunction with TOTAL E&P USA (TOT), which has also agreed to divest its 25% interest in CGS. The transaction is expected to close in mid-October and is subject to regulatory approval, tag-along rights and approval of the other member of CGS, as well as customary closing conditions and purchase price adjustments. Upon closing, EVEP intends to use the net proceeds of the disposition to repay amounts outstanding under its revolving credit facility.

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