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Stock Market & Financial Investment News

News Breaks
February 7, 2014
08:18 EDTMWE, CHKMarkWest Energy announces completion of Buffalo Creek plant
MarkWest Energy (MWE) announced the completion of the 200M cubic feet per day Buffalo Creek cryogenic gas processing plant and associated high pressure trunk line in the Granite Wash. The Buffalo Creek facility is supported by long-term fee-based agreements with Chesapeake Energy (CHK). As part of the gas processing agreement with MarkWest, Chesapeake dedicated approximately 130K acres throughout the Anadarko Basin. The completion of the Buffalo Creek plant increases the partnership’s total processing capacity in the Anadarko Basin to 435 MMcf/d at two major complexes. The 200 MMcf/d Buffalo Creek facility and the 235 MMcf/d Arapahoe processing complex in Western Oklahoma are connected through the Partnership’s rich-gas gathering system, which provides 575 MMcf/d of gathering throughput capacity and flexibility and reliability. MarkWest’s infrastructure also provides producers with multiple residue gas outlets and access to natural gas liquids takeaway pipelines to Mt. Belvieu and Conway. MarkWest anticipates volumes at the new plant to ramp quickly as Chesapeake has approximately 100 MMcf/d of existing production that the Partnership has begun to process.
News For MWE;CHK From The Last 14 Days
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October 24, 2014
11:36 EDTCHKChesapeake Oilfield Services withdraws plans for IPO
Chesapeake Oilfield Services, a unit of Chesapeake Energy, said in a filing that it would withdraw its plans for an IPO. It is unclear why the IPO is being withdrawn.
October 23, 2014
08:13 EDTCHKCabot among Marcellus producers hardest hit by glut, WSJ says
The rapid growth of production from the Marcellus Shale has caused gas prices to drop and forced drillers to re-evaluate operations, with Cabot Oil and Gas (COG) among the hardest hit, said The Wall Street Journal. Other companies mentioned as being impacted and having responded in the report include Ultra Petroleum (UPL), Chesapeake Energy (CHK) and Carrizo Oil & Gas (CRZO). Reference Link
October 22, 2014
16:27 EDTMWEMarkWest Energy raises FY14 DCF view to $680M-$700M
As a result of strong year-to-date operational and financial performance, the Partnership is increasing its 2014 DCF guidance to a range of $680M-$700M and 2014 Adjusted EBITDA to a range of $860M-$880M. Achieving the mid-point of these revised ranges would result in year-over-year DCF growth of 43 percent and year-over-year Adjusted EBITDA growth of 44%.
16:26 EDTMWEMarkWest Energy raises quarterly cash distribution to 89c from 85c per unit
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10:09 EDTCHKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
08:14 EDTCHKChesapeake upgraded at UBS
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06:49 EDTCHKChesapeake upgraded to Buy from Neutral at UBS

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