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Stock Market & Financial Investment News

News Breaks
February 22, 2013
09:17 EDTMMP, PAAPlains All American to sell non-core assets to Magellan Midstream for $190M
Plains All American Pipeline (PAA) announced that it signed a definitive agreement to sell non-core refined product pipelines and related assets in the Rocky Mountain and New Mexico areas to Magellan Midstream Partners (MMP) for approximately $190M. The transaction is expected to close during the second quarter of this year, subject to the satisfaction of customary closing conditions. The assets to be sold include a pipeline system that delivers refined products throughout Wyoming, South Dakota and Colorado and associated tankage, as well as a pipeline system that delivers refined products from El Paso, Texas to Albuquerque, N.M. and Juarez, Mexico.
News For PAA;MMP From The Last 14 Days
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May 22, 2015
14:25 EDTPAACalifornia AG says investigating Santa Barbara oil spill
California Attorney General Kamala Harris stated that the Attorney General’s office is actively working with the Santa Barbara District Attorney’s office and state and federal agencies to investigate the oil spill off Refugio State Beach in Santa Barbara County, adding: "California’s coastline is one of the state’s most precious natural treasures. This oil spill has scarred the scenic Santa Barbara coast, natural habitats and wildlife. My office is working closely with our state and federal partners on an investigation of this conduct to ensure we hold responsible parties accountable.”
May 20, 2015
09:39 EDTPAAPlains All American pipeline rupture spills 21,000 gallons into ocean, LAT says
A pipeline owned by Plains All American Pipeline ruptured and leaked an estimated 21,000 gallons of crude oil into the Pacific Ocean, though it is unclear what caused the break, said the Los Angeles Times. Plains All American stated that it shut down the pipe and a culvert was also blocked to prevent more oil from flowing into the ocean, The Times noted. Plains shares are down 1.2% to $49 per share in early trading. Reference Link
May 19, 2015
09:58 EDTPAAOn The Fly: Analyst Initiation Summary
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May 18, 2015
16:27 EDTPAAPlains All American initiated with a Buy at Deutsche Bank
Target $54.
16:09 EDTMMPMagellan Midstream names Aaron Milford as CFO
Magellan Midstream Partners announced that Aaron Milford has been promoted to CFO, effective May 18. Milford previously served as vice president of crude oil business development for Magellan. Milford has worked in the energy industry for 20 years with extensive experience in financial analysis, mergers and acquisitions and business development. He has spent his entire career with Magellan or its predecessors.

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