Stock Market & Financial Investment News

News Breaks December 13, 2012 08:02 EDT PAA, CHK Plains All American acquires Eagle Ford infrastructure assets from Chesapeake Plains All American Pipeline (PAA) announced that it has acquired certain crude oil and condensate gathering assets located in the Eagle Ford area of South Texas from a subsidiary of Chesapeake Energy Corporation (CHK). The purchase price was approximately $125M. The acquired assets include approximately 40 miles of crude oil/condensate gathering pipelines with a throughput capacity of approximately 50,000 barrels per day; 150,000 barrels of existing crude oil and condensate storage capacity; 300,000 barrels of storage capacity under construction and a truck unloading terminal. In support of the transaction, Chesapeake has provided long-term acreage dedications of future production in Webb and Dimmit counties. The acquired assets are complementary to and will be connected with PAA’s existing crude oil and condensate gathering systems. News For PAA;CHK From The Last 14 Days Check below for free stories on PAA;CHK the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 22, 2013 07:30 EDT CHK UBS to host a conference Subscribe for More Information 07:26 EDT PAA National Association of Publicly Traded Partnerships to host a conference 2013 MLP Investor Conference is being held in Stamford, CT on May 21-23 with webcasted company presentations to begin on May 22 at 8 am; not all company presentations may be webcasted. Webcast Link 07:24 EDT CHK Chesapeake upgraded to Positive from Neutral at Susquehanna Susquehanna upgraded Chesapeake based on increased oil and gas forecasts and re-branding initiatives by new CEO Doug Lawler. Price target raised to $26 from $23. May 20, 2013 08:09 EDT PAA Plains All American announces Oklahoma pipeline expansion Subscribe for More Information 07:05 EDT CHK Chesapeake names Anadarko's Lawler as CEO Subscribe for More Information 07:04 EDT CHK Chesapeake names Robert Douglas Lawler as CEO Subscribe for More Information May 19, 2013 13:00 EDT CHK Energy Departmant authorizes second proposed facility to export LNG The Energy Department announced on Friday that it has conditionally authorized Freeport LNG Expansion, and FLNG Liquefaction, Freeport, to export domestically produced liquefied natural gas, LNG, to countries that do not have a Free Trade Agreement, FTA, with the United States from the Freeport LNG Terminal on Quintana Island, Texas. Freeport previously received approval to export LNG from this facility to FTA countries on February 10, 2011. Subject to environmental review and final regulatory approval, the facility is conditionally authorized to export at a rate of up to 1.4 billion cubic feet of natural gas a day, Bcf/d, for a period of 20 years. The Department granted the first authorization to export LNG to non-FTA countries in May 2011 for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana at a rate of up to 2.2 Bcf/d. Reference Link May 16, 2013 12:33 EDT CHK Chesapeake volatility at 29-month lows Subscribe for More Information 10:03 EDT CHK On The Fly: Analyst Downgrade Summary Subscribe for More Information 06:47 EDT CHK Chesapeake downgraded to Neutral from Overweight at JPMorgan JPMorgan downgraded Chesapeake citing valuation and a lack of catalysts. May 13, 2013 06:12 EDT CHK BNY Mellon appeals ruling on Chesapeake’s early $1.3B bond call, Bloomberg says Bank of New York Mellon (BK) is appealing a ruling allowing Chesapeake Energy (CHK) to proceed today with redeeming $1.3B in bonds six years early at 100 cents on the dollar, reports Bloomberg. A notice of the appeal was filed May 11 in federal court in Manhattan.Reference Link May 9, 2013 07:35 EDT PAA Platts to host a conference Subscribe for More Information May 8, 2013 16:30 EDT CHK MarkWest Energy acquires granite was assets from Chesapeake for $245M Subscribe for More Information 14:09 EDT CHK Chesapeake confirms favorable ruling in bond litigation Chesapeake Energy (CHK) announced that the United States District Court for the Southern District of New York has ruled in Chesapeake’s favor, enabling the company to redeem its $1.3B of 6.775% Senior Notes due 2019 at par pursuant to the Special Early Redemption provision of the Notes. The company initiated its legal action on March 8, against the trustee for the Notes, The Bank of New York Mellon (BK). Chesapeake said will proceed with its Special Early Redemption of the Notes, with payment expected to be made on May 13, adding, “We are pleased that the Court has ruled in Chesapeake’s favor. We expect the refinancing of the Notes to save the Company more than $100M in interest payments.” 12:48 EDT CHK Chesapeake wins bond suit against BNY Mellon, Reuters reports Subscribe for More Information 10:00 EDT PAA On The Fly: Analyst Downgrade Summary Subscribe for More Information 06:51 EDT PAA Plains All American downgraded to Neutral from Outperform at Credit Suisse Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.