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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:04 EDTEXLP, EXH, CHK, BHPExterran 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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September 17, 2014
10:00 EDTBHPOn The Fly: Analyst Downgrade Summary
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05:26 EDTBHPBHP Billiton downgraded to Underperform from Neutral at Exane BNP Paribas
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September 16, 2014
07:43 EDTBHPAnglo American, Rio Tinto seen as potential targets for Glencore, FT says
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07:42 EDTEXHDeutsche Bank to hold a conference
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06:51 EDTBHPChina ban could hurt Australia coal exports, China Daily says
China's decision to ban imports of dirty coal starting in 2015 could significantly reduce the amount of coal that Australia exports to the Asian country, according to China Daily. BHP Billiton (BHP) and Rio Tinto (RIO) mine coal in Australia. Reference Link China ban could hurt Australia coal exports, China Daily says
September 15, 2014
10:36 EDTBHPHigh option volume stocks
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08:03 EDTEXHExterran names Jon Biro as CFO, effective September 22
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07:23 EDTBHPHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 12, 2014
08:05 EDTCHKChesapeake price target lowered to $30 from $35 at Oppenheimer
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September 9, 2014
13:42 EDTCHKChesapeake must face racketeering charges in Michigan trial, Reuters says
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September 7, 2014
12:59 EDTBHPIron ore giants keep up production amid falling prices, WSJ says
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