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Stock Market & Financial Investment News

News Breaks
July 3, 2013
10:53 EDTLINE, LNCO, BBEP, VNR, EVEP, QRE, LREMLPs continue slide while SEC probes LINN merger
Shares of several master limited partnerships and related pipeline operators are continuing their slide lower after LINN Energy (LINE) and LinnCo (LNCO) disclosed yesterday that the SEC has opened an informal inquiry into the companies. WHAT'S NOTABLE: The SEC is looking into LINN Energy and LinnCo’s merger with Berry Petroluem (BRY), the companies announced yesterday, which sent shares of both names down over 15%. The sell-off continued today after R.W. Baird said in a note to investors that it is increasingly cautious on the whole sector, noting that LINN peer BreitBurn's (BBEP) failure to finance part of a recent transaction put a target on the company for short sellers. Baird added that it expects the whole MLP sector to underperform in the short run as more LINN peers are targeted by those betting the stocks will decline. OTHERS TO WATCH: Shares of LINN are down more than 8% and LinnCo shares are lower by more than 7% in late morning trade. Also lower are shares of BreitBurn, down 6.5%, and Vanguard Natural Resources (VNR), down more than 8%.
News For LINE;LNCO;BBEP;VNR;EVEP;QRE;LRE From The Last 14 Days
Check below for free stories on LINE;LNCO;BBEP;VNR;EVEP;QRE;LRE the last two weeks.
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July 25, 2014
10:02 EDTQRE, BBEPOn The Fly: Analyst Downgrade Summary
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07:52 EDTQRE, BBEPBreitBurn Energy merger positive, says Stifel
After BreitBurn (BBEP) agreed to merger with QR Energy (QRE), Stifel thinks the deal provides BreitBurn with increased financial flexibility, possible cost synergies, and meaningful scale that can be leveraged both operationally and in the acquisition market. The firm thinks the combined entity can raise its distribution 5.5% per year. It raised its price target on BreitBurn to $24 from $21 and keeps a Buy rating on the shares.
06:54 EDTQREQR Energy coverage assumed with an Outperform at Credit Suisse
Price target raised to $22.50 from $20.
06:54 EDTBBEPBreitBurn Energy coverage assumed with a Neutral at Credit Suisse
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06:14 EDTBBEPBreitBurn Energy downgraded to Market Perform from Outperform at Raymond James
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06:11 EDTQREQR Energy downgraded to Market Perform from Outperform at Raymond James
QR Energy (QRE) is being acquired by with Breitburn Energy (BBEP).
July 24, 2014
10:19 EDTQREHigh option volume stocks
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08:27 EDTQRE, BBEPQR Energy to host conference call
Conference call to discuss acquisition by Breitburn Energy Partners and 2Q14 earnings results will be held on July 24 at 10:30 am. Webcast Link
08:25 EDTQRE, BBEPBreitBurn Energy to host conference call
Conference call to discuss acquisition of QR Energy and 2Q14 results will be held on July 24 at 9 am. Webcast Link
06:54 EDTBBEPBreitBurn Energy sees FY14 average net daily production 19,000-20,500 Boed
06:53 EDTBBEPBreitBurn Energy sees Q3 average net daily production 20,500-21,000 Boed
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06:51 EDTBBEPBreitBurn Energy reports Q2 EPS ($1.05), may not compare to consensus 19c
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06:49 EDTQREQR Energy sees FY14 average net daily production 19,900-20,500 boed
Sees FY14 CapEx $182M
06:48 EDTQREQR Energy sees Q3 average net daily production 20,500-21,000 Boed
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06:47 EDTQREQR Energy reports Q2 average production up 8% to 20,264 Boe per day
06:47 EDTQREQR Energy reports Q2 revenue $133.3M, consensus $130.3M
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06:34 EDTQRE, BBEPBreitBurn Energy to acquire QR Energy for $3B
Breitburn Energy (BBEP) and QR Energy (QRE) signed a definitive merger agreement pursuant to which Breitburn will acquire QR Energy in a unit-for-unit exchange implying a transaction value of approximately $3.0B, including QR Energy’s existing net debt and outstanding Class C Convertible Preferred Units. As a result of the merger, Breitburn's pro forma enterprise value will be approximately $7.8B with current average daily production of approximately 57,300 boe/d, 67% liquids. The transaction is expected to be accretive to distributable cash flow per unit, and upon closing of the transaction, Breitburn has agreed to recommend to its Board a distribution increase to $2.08 per unit on an annualized basis. The transaction is expected to close in late 2014 or early 2015.
July 18, 2014
13:01 EDTLRELRR Energy increases quarterly cash distribution to 49.50c from 49.25c
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July 14, 2014
05:51 EDTLNCOStocks with implied volatility movement; MTG LNCO
Stocks with implied volatility movement; MGIC Investment (MTG) 59, LinnCo (LNCO) 23 according to iVolatility.

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