|February 5, 2013|
|16:44 EDT||MWE||MarkWest 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
Check below for free stories on MWE the last two weeks.
|July 29, 2014|
|10:00 EDT||MWE||On The Fly: Analyst Upgrade Summary|
Today's noteworthy upgrades include: Albemarle (ALB) upgraded to Buy from Hold at Topeka... American Capital Agency (AGNC) upgraded to Buy from Hold at Wunderlich... Bank of Hawaii (BOH) upgraded to Buy from Neutral at DA Davidson... Columbia Sportswear (COLM) upgraded to Hold from Sell at McAdams Wright... Costco (COST) upgraded to Conviction Buy from Neutral at Goldman... Ducommun (DCO) upgraded to Buy from Neutral at DA Davidson... Family Dollar (FDO) upgraded to Neutral from Underweight at Piper Jaffray... Ferrellgas Partners LP (FGP) upgraded to Neutral from Sell at Citigroup... Higher One (ONE) upgraded to Overweight from Underweight at Piper Jaffray... Landstar System (LSTR) upgraded to Buy from Hold at BB&T... MarkWest Energy (MWE) upgraded to Buy from Hold at Wunderlich... Matador (MTDR) upgraded to Outperform from Market Perform at BMO Capital... MicroStrategy (MSTR) upgraded at JMP Securities... Pharmacyclics (PCYC) upgraded to Outperform from Market Perform at Leerink... Provident Financial (PFS) upgraded at Sterne Agee... Sally Beauty (SBH) upgraded to Buy from Neutral at Citigroup... Tyson Foods (TSN) upgraded to Buy from Hold at Miller Tabak... WPX Energy (WPX) upgraded to Accumulate from Hold at Tudor Pickering... Zions Bancorp (ZION) upgraded at Bernstein.
|07:57 EDT||MWE||MarkWest Energy upgraded to Buy from Hold at Wunderlich|
Wunderlich upgraded MarkWest Energy to Buy citing an attractive risk/reward given the company's growth prospects and recent positive operations update. The firm raised its price target for shares to $83 from $68.
|06:39 EDT||MWE||MarkWest Energy upgraded to Buy from Hold at Wunderlich|
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|July 24, 2014|
|16:51 EDT||MWE||MarkWest Energy increases quarterly dividend by 4.8% to 88c|
MarkWest Energy Partners announced that the board of the General Partner of MarkWest Energy Partners declared a cash distribution of 88c per common unit for Q2, for an implied annual rate of $3.52 per common unit. The Q2 distribution represents an increase of 4c per common unit, or 4.8%, compared to 2Q13. The Q2 distribution is payable August 14 to unitholders of record on August 5. The ex-dividend date is August 1.
|July 23, 2014|
|09:06 EDT||MWE||MarkWest Energy downgraded to Accumulate from Speculative Buy at Global Hunter|
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