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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:04 EDTEXH, BHP, EXLP, CHKExterran Partners to acquire natural gas compression assets from MidCon
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 $135M. The assets to be acquired include 162 compression units, with a total horsepower of approximately 110,000. The majority of the units currently are being used to provide compression services to BHP Billiton Petroleum (BHP) in Arkansas’ Fayetteville Shale. In connection with the acquisition, the contract operations services agreement with BHP Billiton Petroleum will be assigned to Exterran Partners effective as of the closing. “We expect the transaction to be immediately accretive to distributable cash flow per limited partner unit,” said David Miller, Senior Vice President and CFO of Exterran Partners’ managing general partner. “As a result of this acquisition, we expect to recommend to the Board of Exterran Partners’ managing general partner that Exterran Partners increase the distribution to limited partner unit holders by an incremental $0.02 per limited partner unit on an annualized basis, or an incremental $0.005 per limited partner unit on a quarterly basis, beginning in the quarter that the transaction closes.” Exterran Partners and Exterran Holdings do not expect that the Omnibus Agreement between Exterran Partners and Exterran Holdings will be amended to adjust the caps on operating costs or selling, general and administrative costs as a result of this transaction. The acquisition, which is expected to be financed using credit available under Exterran Partners’ revolving credit facility, is subject to closing conditions and is expected to close in the third quarter 2014.
News For EXLP;EXH;CHK;BHP From The Last 14 Days
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May 28, 2015
10:03 EDTEXLP, EXHOn The Fly: Analyst Initiation Summary
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06:30 EDTEXLPExterran Partners initiated with a Sector Perform at RBC Capital
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06:29 EDTEXHExterran initiated with an Outperform at RBC Capital
Target $43.
May 22, 2015
09:57 EDTBHPOn The Fly: Analyst Downgrade Summary
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09:34 EDTCHKActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
07:38 EDTBHPBHP Billiton downgraded to Market Perform from Outperform at BMO Capital
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May 21, 2015
09:20 EDTCHKChesapeake resumed with a Neutral at JPMorgan
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May 20, 2015
08:40 EDTBHPBHP Billiton to pay $25M penalty to settle FCPA charges with SEC
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May 19, 2015
09:58 EDTBHPOn The Fly: Analyst Downgrade Summary
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07:31 EDTCHKUBS to hold a conference
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07:16 EDTBHPBHP Billiton downgraded to Reduce from Hold at HSBC
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May 18, 2015
11:15 EDTCHKStocks with call strike movement; CHK RIG
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10:01 EDTCHKOn The Fly: Analyst Downgrade Summary
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06:39 EDTCHKChesapeake downgraded to Neutral from Buy at Goldman
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