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Stock Market & Financial Investment News

News Breaks
February 4, 2013
09:11 EDTMMPMagellan Midstream to construct new pipline at Galena Park, Texas
Magellan Midstream announced that it plans to construct new pipeline and terminal infrastructure at the partnership's Galena Park, Texas terminal to originate crude oil to Magellan's Gulf Coast crude oil distribution system for delivery to refineries in the Houston and Texas City area. This project, estimated to cost approximately $50M, is supported by long-term committed volumes and is expected to be fully operational by mid-2014 subject to necessary permitting.
News For MMP From The Last 14 Days
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October 22, 2014
09:17 EDTMMPMagellan Midstream increases quarterly distribution 4% to 66.75c
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October 21, 2014
16:16 EDTMMPMagellan Midstream extends open season for proposed Saddlehorn Pipeline
Magellan Midstream Partners announced an extension of the open season for commitments on the proposed Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara shale to the partnership's storage facilities in Cushing, Oklahoma. Binding commitments are now due by Nov. 6. The proposed Saddlehorn Pipeline includes construction of an approximate 600-mile, 20-inch diameter pipeline capable of transporting up to 400,000 barrels per day of crude oil from Platteville, Colorado to Magellan's storage facilities in Cushing. Magellan expects to use its existing right-of-way for a significant portion of the pipeline route. Subject to sufficient commitments from shippers and receipt of any necessary permits and regulatory approvals, the Saddlehorn Pipeline could be operational during 2Q16.
October 16, 2014
10:01 EDTMMPOn The Fly: Analyst Upgrade Summary
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05:53 EDTMMPMagellan Midstream upgraded to Buy from Neutral at Ladenburg
Ladenburg upgraded Magellan Midstream to Buy citing the recent pullback in shares. The firm raised its price target for the stock to $90 from $84.
October 15, 2014
10:02 EDTMMPOn The Fly: Analyst Upgrade Summary
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08:07 EDTMMPMagellan Midstream upgraded to Buy from Neutral at BofA/Merrill
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