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Stock Market & Financial Investment News

News Breaks
February 5, 2013
16:44 EDTMWEMarkWest Energy, EMG provide funding, development updates for Uitica Shale
MarkWest Energy and The Energy & Minerals Group, or EMG, announced that as a result of their continued success in developing a world-class midstream system in the Utica Shale, the parties have executed a term sheet, which increases EMG's initial capital contribution in MarkWest Utica EMG by up to $450M, bringing their total initial contribution to up to $950M. The transaction does not modify the ownership interest levels or quarterly distribution percentages as set forth in the existing L.L.C. Agreement. MarkWest and EMG also executed an amendment to the L.L.C. Agreement that provides for MarkWest to contribute up to $150M to the Utica Joint Venture on a short-term basis. The anticipated additional capital contributions by EMG will allow the Utica Joint Venture to continue to rapidly expand its presence throughout the Utica Shale and keep pace with the significant increase in planned drilling activity throughout the region. MarkWest's 2013 capital expenditure forecast remains unchanged in a range of $1.4B-$1.9B.
News For MWE From The Last 14 Days
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March 2, 2015
10:00 EDTMWEOn The Fly: Analyst Downgrade Summary
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06:09 EDTMWEMarkWest Energy downgraded to Hold from Buy at Wunderlich
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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.

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