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Stock Market & Financial Investment News

News Breaks
June 26, 2014
17:57 EDTQEPQEP Resources files for spin-off of midstream business
QEP Resources announced that its wholly owned subsidiary, QEP Field Services Company, QEPFS, filed a Registration Statement on Form 10 with the SEC in connection with the spinoff of QEPs midstream field services business into a separate publicly traded company. The Form 10 contains a preliminary Information Statement about the potential terms and conditions of a spin-off of QEPFS to QEP shareholders. The Form 10 also provides initial information about QEPFS as a standalone business, including financial information, risk factors and a discussion of the business strengths and strategies. Immediately prior to the completion of the spin-off, QEPFS intends to change its name to Entrada Midstream. In addition to owning natural gas gathering and processing assets, QEPFS owns the general partner of QEP Midstream Partners and an approximate 55.8% limited partner interest in QEPM. Concurrent with the preparation of the Form 10, and as part of its previously announced strategic alternatives process, QEP is engaged in a process to solicit and evaluate proposals for alternative transactions for separating the midstream business. Following analysis of any such proposals, QEP will select the alternative it believes creates the most value for its shareholders. We continue to make good progress on the separation of our midstream business, commented Chuck Stanley, Chairman, President and CEO of QEP. We believe that the filing of the Form 10 and the parallel process to solicit alternative transactions gives QEP the most options to unlock value for shareholders.
News For QEP From The Last 14 Days
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October 22, 2014
08:33 EDTQEPTesoro Logistics should be bought on weakness, says Oppenheimer
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October 21, 2014
12:00 EDTQEPStocks with call strike movement; QEP DAL
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October 20, 2014
13:13 EDTQEPQEP Resources sale of Field Services a positive, says Wells Fargo
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12:37 EDTQEPOn The Fly: Midday Wrap
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12:29 EDTQEPQEP up 8% after Cooperman urges to buy back shares
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12:25 EDTQEPCooperman says QEP should take $1B of cash to buyback shares
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10:09 EDTQEPTesoro Logistics falls after filing to sell 19.35M units for QEP deal
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October 19, 2014
20:33 EDTQEPQEP Midstream announces acquisition of its GP and LP units byTesoro Logistics
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20:18 EDTQEPQEP Resources sells midstream business to Tesoro Logistics for $2.5B
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October 17, 2014
18:06 EDTQEPWilliams, Questar interested in QEP Resources pipeline unit, Bloomberg says
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17:23 EDTQEPWilliams, Questar interested in QEP Resources pipeline unit, Bloomberg says
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10:51 EDTQEPOptions with increasing implied volatility
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX

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