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Stock Market & Financial Investment News

News Breaks
March 4, 2014
14:34 EDTETE, SRE, BRGYY, LNG, ETP, DUkraine crisis raising support for natural gas exports, Bloomberg says
The crisis in Ukraine is increasing support for weakening restrictions on the export of U.S. natural gas, according to Bloomberg. GOP House Speaker John Boehner called on President Obama to "dramatically expedite" U.S. natural gas exports, the news service stated. Companies that are looking to export natural gas from the U.S. include Cheniere (LNG), Sempra (SRE), Dominion (D), BG Group (BRGYY), and Southern Union, which is jointly owned by Energy Transfer Equity (ETE) and Energy Transfer Partners (ETP). Reference Link
News For LNG;SRE;D;BRGYY;ETE;ETP From The Last 14 Days
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July 26, 2015
20:51 EDTBRGYYShell, BG Group receive clearance from Brazil for proposed merger
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16:33 EDTBRGYYMacquarie submits bid for BG Group agricultural land portfolio, AFR says
Macquarie Group (MQBKY) and Stanbroke Pastoral have submitted bids for a portfolio of agricultural land holdings owned by BG Group's (BRGYY) Queensland Gas, reports the Australian Financial Review, without naming sources. Reference Link
July 23, 2015
16:39 EDTETPEnergy Transfer Partners raises quarterly dividend by 2c to $1.04 per unit
Energy Transfer Partners announced a 2c increase in its quarterly distribution to $1.035 per ETP common unit, or $4.14 annualized, for the quarter ended June 30. The quarterly distribution of $1.04 represents a distribution increase of 32c per common unit on an annualized basis, or 8.4%, compared to Q2 of 2014 and represents an annualized distribution increase of 8c per common unit compared to Q1. This marks the eighth consecutive quarter that ETP has raised its distribution. The cash distribution will be paid on August 14, to unitholders of record as of the close of business on August 6.
16:33 EDTETP, ETEEnergy Transfer Equity raises quarterly dividend to 53c per unit
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July 22, 2015
10:01 EDTLNGOn The Fly: Analyst Initiation Summary
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09:46 EDTLNGCheniere Energy initiated with an Accumulate at Global Hunter
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08:13 EDTDDominion and SunPower partner to supply solar power to New Jersey homeowners
Dominion (D) subsidiary Dominion Retail and SunPower (SPWR) announced a collaboration of the two companies to offer SunPower solar power systems to New Jersey homeowners. Dominion will provide program details to residents through a marketing campaign scheduled to begin this summer.
July 20, 2015
06:12 EDTBRGYYRoyal Dutch Shell may cut CapEx for the year, FT reports
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July 19, 2015
16:33 EDTBRGYYShell expects 'billions' more in synergies from BG Group deal, FT says
Shell (RDS.A, RDS.B) CFO Simon Henry told a group of roughly 40 investors and analysts that the company's proposed acquisition of BG Group (BRGYY) is financially sound despite less-than-ideal oil prices due to "value synergies" at a multiple of $1B, reports the Financial Times, citing sources present at Henry's speech. The CFO insisted that the takeover works even with oil near $70 a barrel, explaining that cash flow would be immediately improved and the current dividend would be maintained, said the sources. Reference Link
July 17, 2015
06:49 EDTETEEnergy Transfer Equity to engage with Williams on strategic alternatives process
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July 15, 2015
07:44 EDTETP, ETEEquity Transfer Partners, Energy Transfer Equity exchange 21M ETP units
Energy Transfer Partners, L.P. (ETP) and Energy Transfer Equity, L.P. (ETE) announced the exchange of 21 million ETP common units, currently owned by ETE, for 100% of the general partner interest and the incentive distribution rights of Sunoco LP (SUN). In addition, as part of this transaction, ETE has agreed to provide ETP a $35 million annual IDR subsidy for two years. The cash flow accretion expected to be realized by ETP from this transaction is more than $0.30 per common unit per annum, which will continue to support ETP’s attractive distribution growth going forward. For ETE, this transaction continues its transition to a pure play general partner for the overall Energy Transfer group. Pro forma for this transaction, ETE expects to maintain its distribution growth rate while migrating to its traditional 1.0x distribution coverage ratio. In connection with the original acquisition of Susser Holdings Corporation (SUSS) by ETP in August 2014, ETE agreed to provide ETP an annual $35 million IDR subsidy for 10 years, subject to automatic termination in the event that ETE acquired the GP interest and IDRs of SUN in exchange for ETP common units owned by ETE. As part of the current transaction, ETE has agreed to provide ETP a $35 million IDR subsidy for an additional two years. ETP and ETE expect there will be no credit ratings impact from this transaction. Following this transaction, SUN will no longer be consolidated for accounting purposes by ETP, but instead will appear in the consolidated financial statements for ETE. This transaction is expected to close in August 2015 after the record date for second quarter distributions for both the SUN GP interest and IDRs and ETP common units, but will be effective as of July 1, 2015. Tudor, Pickering, Holt & Co. acted as financial advisor to the ETP conflicts committee. Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to ETP and Richard Layton & Finger, P.A. acted as legal advisor to the ETP conflicts committee. Credit Suisse acted as financial advisor to the ETE conflicts committee. Latham & Watkins LLP acted as legal advisor to ETE and Potter Anderson & Corroon LLP acted as legal advisor to the ETE conflicts committee.

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