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Stock Market & Financial Investment News

News Breaks
February 28, 2014
08:35 EDTEXH, ACMP, EXLP, CHKExterran Partners to acquire assets from Chesapeake subsidiary
Exterran Partners, L.P. (EXLP) and Exterran Holdings, Inc. (EXH) announced that Exterran Partners has entered into an agreement to acquire natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corporation (CHK), for approximately $360M. The assets to be acquired include 334 compression units, with a total horsepower of approximately 440,000, which currently are being used to provide compression services to Access MLP Operating, L.L.C., a subsidiary of Access Midstream Partners LP (ACMP), the largest gathering and processing master limited partnership in the United States as measured by throughput volume. In connection with the acquisition, Exterran Partners and Access have entered into a seven-year contract operations services agreement, to be effective as of the closing, under which Exterran Partners will provide contract compression services to Access in regions including the Permian, Eagle Ford, Barnett, Anadarko, Mississippi Lime, Granite Wash, Woodford, Haynesville and Niobrara Basins. The transaction is expected to be accretive to distributable cash flow. In connection with and upon the closing of the transaction, the Omnibus Agreement between Exterran Partners and Exterran Holdings will be amended to increase the cap on selling, general and administrative costs from $15.0 million per quarter to $17.7 million per quarter. Exterran Holdings and Exterran Partners also have entered into an equity commitment pursuant to which Exterran Holdings has agreed to purchase $150.0 million of newly issued common units from Exterran Partners to fund a portion of the purchase price of the acquisition under certain circumstances if Exterran Partners does not obtain equity capital markets financing prior to the closing date of the acquisition. The transaction is subject to closing conditions and is expected to close in the second quarter 2014.
News For EXLP;EXH;CHK;ACMP From The Last 14 Days
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July 24, 2015
13:30 EDTEXHExterran downgraded to Neutral from Buy at BTIG
10:37 EDTCHKOptions with increasing implied volatility
Options with increasing implied volatility: LOCK DUST JNUG CHK LINE ABX TCK GDX LNKD FCX
07:12 EDTEXHExterran delays spinoff of international services and global fabrication unit
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07:12 EDTEXHExterran delays spinoff of international services and global fabrication unit
06:09 EDTCHKChesapeake implied volatility of 107 at upper end of index
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July 23, 2015
11:57 EDTCHKOptions with increasing put volume
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10:30 EDTCHKOptions with increasing implied volatility
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05:07 EDTEXHExterran provides update on spin-off
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July 22, 2015
10:01 EDTCHKOn The Fly: Analyst Downgrade Summary
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07:54 EDTCHKChesapeake downgraded to Neutral at Credit Suisse
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06:25 EDTCHKChesapeake downgraded to Neutral from Outperform at Credit Suisse
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05:24 EDTCHKStocks with implied volatility movement; CHK CRM
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July 21, 2015
16:01 EDTCHKOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
10:31 EDTCHKOptions with increasing implied volatility
Options with increasing implied volatility: DUST JNUG LINE CHK CNX INSY ABX GG GDX NEM
10:01 EDTCHKOn The Fly: Analyst Downgrade Summary
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09:28 EDTCHKChesapeake downgraded to Hold from Buy at Simmons
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07:07 EDTCHKChesapeake to sell substantially all properties held by CHK Cleveland Tonkawa
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07:06 EDTCHKChesapeake to eliminate common dividend effective Q3
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07:05 EDTCHKChesapeake to eliminate common dividend effective Q3
July 20, 2015
06:03 EDTCHKStocks with implied volatility movement; CHK CNX
Stocks with implied volatility movement; Chesapeake (CHK) 76, CONSOL (CNX) 64 according to iVolatility.
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