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Stock Market & Financial Investment News

News Breaks
January 7, 2013
05:40 EDTPAAPlains All American raises midpoint view of 2013 adjusted EBITDA by about 5%
Concurrent with Q4 and FY12 earnings announcement in early February, the Partnership expects to increase the midpoint of its 2013 guidance for adjusted EBITDA by approximately 5% over the $1.925B preliminary adjusted EBITDA midpoint guidance provided in early November. Based on the midpoint measures of targeted distribution growth and adjusted EBITDA guidance, management expects distribution coverage for 2013 to be approximately 120%.
News For PAA From The Last 14 Days
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February 27, 2015
09:01 EDTPAAPlains All American acquires Williston Basin crude oil terminal
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08:39 EDTPAAMagellan Midstream and Plains All American to build Saddlehorn Pipeline
Magellan Midstream (MMP) and Plains All American (PAA) announced that they have formed Saddlehorn Pipeline Company, a 50/50 limited liability company, to construct, own and operate the Saddlehorn pipeline, an approximately 550-mile pipeline that will transport various grades of crude oil from the DJ Basin, and potentially the broader Rocky Mountain area resource plays, to storage facilities in Cushing, OK owned by Magellan and Plains. An extension to Carr, CO is also under consideration for connection to existing crude oil assets owned by Plains in that region. The project is currently estimated to cost between $800M and $850M. Magellan will serve as construction manager and pipeline operator. Subject to receipt of necessary permits and regulatory approvals, the Saddlehorn pipeline is expected to be operational during mid-2016.
February 26, 2015
09:25 EDTPAAOn The Fly: Pre-market Movers
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09:05 EDTPAAPlains All American 21M share Spot Secondary priced at $50.00
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February 25, 2015
16:10 EDTPAAPlains All American files to sell 21M shares of common stock
Barclays Capital Inc. will act as sole underwriter of the offering.

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