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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:13 EDTMWE, MHR, EQTMarkWest Energy begins operations of Mobley facility in West Virginia
MarkWest Energy (MWE) commenced operations of the first Mobley processing facility located in Wetzel County, West Virginia. The 200 MMcf/d plant supports the development of rich-gas from the Marcellus Shale by EQT (EQT), Magnum Hunter (MHR) and other producers. The Mobley facility is currently operating at approximately 60% utilization and will continue to experience accelerated volume growth. MarkWest expects to complete construction of its second Mobley facility, a 120 MMcf/d plant, during Q1 2013, and by Q4 2013 bring online a third facility with 200 MMcf/d of processing capacity, bringing the Mobley complex's processing capacity to 520 MMcf/d.
News For MWE;EQT;MHR From The Last 14 Days
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March 2, 2015
10:00 EDTMWEOn The Fly: Analyst Downgrade Summary
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09:22 EDTMHROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Amira Nature Foods (ANFI), up 8.6%... Stratasys (SSYS), up 3.6%... Magnum Hunter (MHR), up 3%. ALSO HIGHER: Mavenir Systems (MVNR), up 19.1% after Mitel (MITL) agrees to acquire Mavenir Systems for $560M... Athersys (ATHX), up 19.7% following license agreement and collaboration with Chugai... OHR Pharmaceutical (OHRP), up 11.4% following additional positive data from OHR-102 IMPACT study... NXP Semiconductors (NXPI), up 14% following merger agreement with Freescale Semiconductor (FSL). Freescale Semiconductor is up 9.1%... Mast Therapeutics (MSTX), up 7.7% following positive results from Vepoloxamer study. DOWN AFTER EARNINGS: JinkoSolar (JKS), down 4.7%... Scorpio Tankers (STNG), down 4.5%. ALSO LOWER: Lumber Liquidators (LL), down 24.2% following CBS' 60 Minutes says that the company is linked to health and safety violations... Aruba Networks (ARUN), down 1.7% after HP (HPQ) confirms deal to acquire Aruba Networks for $24.67... Pacira Pharmaceuticals (PCRX), down 14.4% after receiving complete response letter from FDA for sNDA in use of Exparel... 500.com (WBAI), down 14.4% after announcing that temporary suspension will adversely impact financial results.
07:13 EDTMHRMagnum Hunter to reevaluate CapEx budget on quarterly basis
Magnum Hunter's upstream capital expenditure budget forFY15 is $100M, but it intends to reevaluate this budget on a quarterly basis. The company's upstream capital expenditure budget may be reduced or increased depending on realized prices for our natural gas, natural gas liquids and oil, investment opportunities, continued effective implementation of cost reduction initiatives, including reduction of oil and gas field service costs, and funding allocations. The company has allocated approximately $70M of its upstream capital expenditure budget to its Marcellus Shale and Utica Shale exploration and development drilling program in West Virginia and Ohio, approximately $10M to its properties in the Williston Basin/Bakken Shale in North Dakota and approximately $20M for additional leasehold acreage acquisitions in the Marcellus Shale and Utica Shale plays.
07:12 EDTMHRMagnum Hunter reports Q4 adjusted EPS (24c), consensus (21c)
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06:09 EDTMWEMarkWest Energy downgraded to Hold from Buy at Wunderlich
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February 27, 2015
14:41 EDTEQTEQT Corporation management to meet with Jefferies
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February 25, 2015
09:17 EDTMWEMarkWest Energy sees FY15 adjusted EBITDA $925M-$1.03B
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09:14 EDTMWEMarkWest Energy reports Q4 DCF $201M
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09:07 EDTMWEMarkWest Energy reports Q4 EPS 18c, consensus 28c
Reports Q4 revenue $538.3M, consensus $622.79M.
February 24, 2015
15:21 EDTMWENotable companies reporting before tomorrow's open
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08:20 EDTMWEEnterprise, Anadarko, DCP, MarkWest form joint venture for Panola
Enterprise Products Partners (EPD), Anadarko Petroleum (APC), DCP Midstream Partners (DPM) and MarkWest Energy Partners (MWE) announced the formation of a joint venture under which Enterprise will assign 45% ownership interest in its wholly owned Panola Pipeline Company. The interest will be evenly divided among Anadarko’s affiliate, WGR Asset Holding Company, DCP Midstream Partners and MarkWest. Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest. The Panola Pipeline, which transports natural gas liquids, originates in Carthage, Texas and extends 181 miles to Mont Belvieu, Texas. Incremental capacity is expected to be available in 1Q16. This corrects the symbol for Enterprise Products Partners.
February 23, 2015
07:37 EDTEQTCredit Suisse to hold a summit
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February 20, 2015
07:01 EDTMHRMagnum Hunter completes testing of new wells on WVDNR Pad
Magnum Hunter announced that the company's four new 100% owned WVDNR Pad wells located in Wetzel County, West Virginia have all been recently placed on production after several weeks of testing. Currently, all seven of the company's 100% owned Marcellus Shale wells, which included three previously shut-in wells, on the WVDNR Pad are flowing to sales. The WVDNR Pad is currently producing approximately 35 MMcfe per day.
February 17, 2015
07:18 EDTMHRMagnum Hunter approves $100M upstream capital expenditure budget for FY15
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