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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:26 EDTSE, PSXPhillips 66 sees DCP Midstream to spend $5B-$7B on growth in 2011-15
DCP Midstream, the 50/50 joint venture of Phillips 66 (PSX) and Spectra Energy (SE), seen growing processing volume to about 6.0 bcf/d by 2015 from 5.4 bcf/d in 2011. Phillips 66 sees DCP Midstream adding 8 or more plants by 2015 and growing assets to over $15B from about $10B in 2011. Sees JV's NGL production growing to over 500 MBPD by 2015. Comments from slides for analyst day.
News For PSX;SE From The Last 14 Days
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August 26, 2015
10:00 EDTSEOn The Fly: Analyst Upgrade Summary
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06:01 EDTSESpectra Energy upgraded to Buy from Neutral at UBS
UBS upgraded Spectra Energy to Buy citing favorable risk/reward. The firm said the commodity market overhang is overstated given Spectra's infrastructure being predominantly FERC regulated and long dated contracts, and its growth rate is unchanged while peers have been forced to lower growth forecasts.
August 17, 2015
16:53 EDTSEOn The Fly: Top stock stories for Monday
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07:23 EDTSESpectra making bid for whole of Williams Companies, Reuters reports
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August 14, 2015
16:48 EDTPSXBerkshire Hathaway gives quarterly update on stakes, reports new stake in Axalta
NEW STAKES: Axalta (AXTA). INCREASED STAKES: Charter Communications (CHTR), and US Bancorp (USB). DECREASED STAKES: Viacom (VIAB), Chicago Bridge & Iron Company (CBI), and WABCO Holdings (WBC). LIQUIDATED STAKES: Phillips 66 (PSX), and National Oilwell Varco (NOV).

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