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Stock Market & Financial Investment News

News Breaks
December 17, 2012
10:55 EDTLG, ETE, ETPMoody's changes Laclede Gas's rating outlook to Negative
Moody's Investors Service changed the Laclede Gas Company and its parent Laclede Group's rating outlook to negative from stable. These rating actions follow the announcement that LG will acquire Missouri Gas Energy and New England Gas, two gas distribution assets from Energy Transfer (ETE, ETP), for $1.015B in cash plus the assumption of $20M of debt. Subject to customary approvals, including those of the Missouri Public Service Commission and the Massachusetts Department of Public Utilities, LG expects to close the transaction by September 30, 2013. Moody's expects to resolve the negative outlook late in 2013, when the requisite approvals appear certain and LG's permanent financing plan is set.
News For LG;ETE;ETP From The Last 14 Days
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October 28, 2014
08:31 EDTETE, ETPPhillips 66 becomes JV partner with Energy Transfer for Bakken crude pipelines
Energy Transfer Equity, L.P. (ETE), Energy Transfer Partners, L.P. (ETP) and Phillips 66 (PSX) announced that they have formed two joint ventures to develop the previously announced Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline projects. Energy Transfer holds a 75% interest in each joint venture and will operate both pipeline systems. Phillips 66 owns the remaining 25% interests and will fund its proportionate share of the construction costs. The DAPL and ETCOP projects are expected to begin commercial operations in the fourth quarter of 2016. Based on contractual commitments to date, DAPL is expected to deliver in excess of 450,000 barrels per day of crude oil from the Bakken/Three Forks production area in North Dakota to market centers in the Midwest. DAPL will provide shippers with access to Midwestern refineries, unit-train rail loading facilities to facilitate deliveries to East Coast refineries, and the Gulf Coast market through an interconnection in Patoka, Illinois, with ETCOP. ETCOP will provide crude oil transportation service from the Midwest to the Sunoco Logistics Partners and Phillips 66 storage terminals located in Nederland, Texas.
October 27, 2014
06:14 EDTETPSusser Petroleum Partners changes its name to Sunoco
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October 21, 2014
16:19 EDTETPEnergy Transfer Partners raises quarterly distribution to 9.75c per unit
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16:18 EDTETEEnergy Transfer Equity raises quarterly distribution to 41.5c per unit
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11:30 EDTETE, ETPOptions with decreasing implied volatility
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October 17, 2014
10:00 EDTLGOn The Fly: Analyst Downgrade Summary
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07:33 EDTLGLaclede assumed with a Neutral from Overweight at JPMorgan
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