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Stock Market & Financial Investment News

News Breaks
July 30, 2014
08:07 EDTRICE, GPOR, MWEGulfport Energy, Rice Energy in LOI for gas gathering pipelines
To capture development synergies within the area of mutual interest of the previously announced joint development agreement between Gulfport Energy (GPOR) and Rice Energy (RICE), Gulfport and Rice have entered into a letter of intent and are finalizing definitive agreements whereby Rice will construct and operate gas gathering pipelines associated with Gulfport's Utica Shale interests in Smith Township and portions of Goshen, Wayne and Washington Townships in Belmont County, Ohio. In conjunction with these agreements, Gulfport and MarkWest Energy Partners (MWE) have executed a letter of intent and are finalizing definitive agreements pursuant to which MarkWest will construct gas gathering facilities to gather Gulfport's dry gas production from portions of Wayne and Washington Townships in Belmont County, Ohio, Sunsbury Township in Monroe County, Ohio and portions of adjacent townships. The agreements are intended to ensure the efficient deliverability of Gulfport's product to the market. Together, MarkWest's and Rice's dry gas systems will have the capacity to provide over 1 Bcf per day of natural gas into multiple interconnections including, Rockies Express Pipeline and Texas Eastern Transmission Co. pipeline.
News For GPOR;RICE;MWE From The Last 14 Days
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November 13, 2014
08:35 EDTRICERice Energy sell-off unwarranted, says Canaccord
Canaccord said the recent weakness in Rice Energy is unwarranted and the firm views the recent sell-off as overdone. Canaccord reiterated its Buy rating and $42 price target on Rice Energy, citing its operational results and current valuation.

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