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Stock Market & Financial Investment News

News Breaks
February 22, 2013
09:17 EDTPAA, MMPPlains 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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November 18, 2014
07:40 EDTMMPMitsubishi UFJ to hold a conference
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November 17, 2014
07:52 EDTMMPLeidos wins Magellan Midstream Partners condensate splitter contract
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November 13, 2014
19:04 EDTPAARose Rock-operated White Cliffs Pipeline expands capacity
White Cliffs Pipeline, owned by subsidiaries of Rose Rock (RRMS), Plains All American Pipeline,(PAA), Western Gas Partners (WES) and Noble Energy (NBL), plans to expand capacity on its existing system to facilitate increasing shipments of crude oil from the DJ Basin to the Cushing hub. Once the Expansion Project is fully operational, the capacity of the White Cliffs Pipeline will increase from 150K barrels/day to a maximum of approximately 215K barrels/day. The Expansion Project is expected to be complete by the end of 3Q15. Following completion, Rose Rock Midstream, L.P. will continue operating the White Cliffs Pipeline.
November 11, 2014
10:00 EDTMMPOn The Fly: Analyst Downgrade Summary
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07:31 EDTMMPMagellan Midstream downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Magellan Midstream to Neutral due to recent share strength. Price target remains $92.

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