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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:02 EDTPAA, CHKPlains 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
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July 20, 2014
11:58 EDTCHKCaterpillar, five others should benefit from global recovery, Barron's says
Caterpillar (CAT), Teradata (TDC), Kennametal (KMT), Capital One Financial (COF), T. Rowe Price Group (TROW), and Chesapeake Energy (CHK) are all relatively cheap and should benefit from global recovery, Barron's contends in its cover article. Reference Link
July 14, 2014
16:19 EDTPAAWCPL begins commissioning of White Cliffs pipeline expansion
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07:04 EDTCHKExterran Partners to acquire natural gas compression assets from MidCon
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July 10, 2014
12:59 EDTCHKChesapeake up against bid-rigging case, Reuters says
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07:39 EDTCHKRice Energy shares offer good value after pullback, says BMO Capital
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July 9, 2014
10:25 EDTCHKChesapeake price target raised to $33 from $30 at JPMorgan
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