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Stock Market & Financial Investment News

News Breaks
December 18, 2012
11:25 EDTHEP, NRGYHolly Energy up 5% following addition to Alerian MLP Index
Alerian announced this morning that following the close of business on Friday, December 21, Holly Energy Partners (HEP) will be added to the Alerian MLP Index. Inergy L.P. (NRGY) will be removed from the index following the close of business on that same day. Shares of Holly Energy Partners are up 5% to $65.94 following the index addition, while Inergy, L.P. shares are down nearly 4% to $17.43.
News For HEP;NRGY From The Last 14 Days
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May 15, 2013
10:13 EDTNRGYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aeropostale (ARO) upgraded to Outperform from Market Perform at BMO Capital... Gap (GPS) upgraded to Buy from Neutral at Citigroup... PS Business Parks (PSB) upgraded to Market Perform from Underperform at BMO Capital... Redwood Trust (RWT) upgraded to Outperform from Market Perform at FBR Capital... Regal-Beloit (RBC) upgraded to Outperform from Neutral at Credit Suisse... Unilever (UN) upgraded to Buy from Reduce at Nomura... Prudential (PRU) upgraded to Buy from Hold at Argus... Inergy, L.P. (NRGY) upgraded to Overweight from Neutral at JPMorgan... Noble Energy (NBL) upgraded to Buy from Hold at Stifel... Halcon Resources (HK) upgraded to Buy from Hold at Stifel.
07:32 EDTNRGYInergy, L.P. upgraded to Overweight from Neutral at JPMorgan
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May 7, 2013
07:47 EDTNRGYInergy, L.P. reports Q2 EPS (4c), consensus 5c
Reports Q2 revenue $450.4M, consensus $382.15M.
May 6, 2013
11:58 EDTNRGYHigh option volume stocks: NRGY RENN NSM MMM HRL
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08:45 EDTNRGYInergy, L.P. and Crestwood hold a joint conference call
Conference call to discuss the merger of the two companies to form $7B partnership will be held on May 6 at 8:30 am. Webcast Link
07:15 EDTNRGYInergy declares distribution of Intergy Midstream units to unitholders
The Board of Directors of Inergy GP, LLC, general partner of Inergy, L.P. (NRGY) announced that pursuant to the contribution agreement between Inergy and Crestwood Holdings LLC (CMLP) and Crestwood Gas Services Holdings LLC it has declared the distribution on a pro rata basis to Inergy unitholders of record on the record date of 56,398,707 common units of Inergy Midstream, L.P. (NRGM) held by Inergy. Payment of the special distribution is contingent on the satisfaction or waiver of all closing conditions under the contribution agreement. The Board declared a record date of June 14 for the distribution of the NRGM units. The distribution of the NRGM common units is expected to be approximately 0.4321 NRGM common units for each Inergy limited partner unit outstanding on the record date. The distribution of the NRGM common units is expected to occur after the market closes on June 18. The transfer agent will not distribute any fractional NRGM common units. Each Inergy unitholder that would have been entitled to receive a fractional unit in the distribution from Inergy will instead be entitled to receive from Inergy a cash payment equal to the value of such fractional unit based on the market price of the NRGM common units.
07:06 EDTNRGYCrestwood, Inergy merge to form $7B midstream partnership
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07:03 EDTNRGYCrestwood and Inergy merge to form $7B partnership
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