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Stock Market & Financial Investment News

News Breaks
June 4, 2014
18:23 EDTMWEMarkWest Energy, The Energy & Minerals Group to expand Hopedale complex
MarkWest Energy Partners and The Energy & Minerals Group announced plans to add additional capacity at their Hopedale fractionation and marketing complex in Harrison County, Ohio in order to meet growing natural gas liquids production in the Utica and Marcellus Shales under new contracted commitments from numerous producer customers. The Hopedale complex is jointly owned by a subsidiary of MarkWest and MarkWest Utica EMG, a joint venture between the Partnership and EMG. The expansion will double the propane and heavier fractionation capacity at the Hopedale complex to 120,000 barrels per day and is expected to be operational in the first quarter of 2015. MarkWest and MarkWest Utica EMG are committed to developing world-class fractionation capacity in the Northeast, as these facilities are critical for producers achieving the highest price for their valuable NGLs. Once the Hopedale expansion is complete, MarkWest will operate 300,000 Bbl/d of ethane and heavier fractionation capacity at four complexes in the Northeast. The Partnership also has an NGL gathering pipeline connecting its Hopedale complex to its industry-leading NGL infrastructure in the Marcellus Shale. NGL takeaway solutions to the Gulf Coast and international markets will be complementary to existing fractionation infrastructure and will provide producers with additional market outlets that are crucial to the long-term development of the region.
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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