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Stock Market & Financial Investment News

News Breaks
January 3, 2013
10:25 EDTQRE, QREQR Energy to host conference call
Conference call to discuss agreement to acquire oil properties in Florida Gulf Coast area will be held on January 3 at 11 am. Webcast Link
News For QRE From The Last 14 Days
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July 28, 2014
10:02 EDTQREOn The Fly: Analyst Upgrade Summary
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06:28 EDTQREQR Energy upgraded to Buy from Hold at Wunderlich
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July 25, 2014
10:02 EDTQREOn The Fly: Analyst Downgrade Summary
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07:52 EDTQREBreitBurn Energy merger positive, says Stifel
After BreitBurn (BBEP) agreed to merger with QR Energy (QRE), Stifel thinks the deal provides BreitBurn with increased financial flexibility, possible cost synergies, and meaningful scale that can be leveraged both operationally and in the acquisition market. The firm thinks the combined entity can raise its distribution 5.5% per year. It raised its price target on BreitBurn to $24 from $21 and keeps a Buy rating on the shares.
06:54 EDTQREQR Energy coverage assumed with an Outperform at Credit Suisse
Price target raised to $22.50 from $20.
06:11 EDTQREQR Energy downgraded to Market Perform from Outperform at Raymond James
QR Energy (QRE) is being acquired by with Breitburn Energy (BBEP).
July 24, 2014
10:19 EDTQREHigh option volume stocks
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08:27 EDTQREQR Energy to host conference call
Conference call to discuss acquisition by Breitburn Energy Partners and 2Q14 earnings results will be held on July 24 at 10:30 am. Webcast Link
08:25 EDTQREBreitBurn Energy to host conference call
Conference call to discuss acquisition of QR Energy and 2Q14 results will be held on July 24 at 9 am. Webcast Link
06:49 EDTQREQR Energy sees FY14 average net daily production 19,900-20,500 boed
Sees FY14 CapEx $182M
06:48 EDTQREQR Energy sees Q3 average net daily production 20,500-21,000 Boed
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06:47 EDTQREQR Energy reports Q2 average production up 8% to 20,264 Boe per day
06:47 EDTQREQR Energy reports Q2 revenue $133.3M, consensus $130.3M
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06:34 EDTQREBreitBurn Energy to acquire QR Energy for $3B
Breitburn Energy (BBEP) and QR Energy (QRE) signed a definitive merger agreement pursuant to which Breitburn will acquire QR Energy in a unit-for-unit exchange implying a transaction value of approximately $3.0B, including QR Energy’s existing net debt and outstanding Class C Convertible Preferred Units. As a result of the merger, Breitburn's pro forma enterprise value will be approximately $7.8B with current average daily production of approximately 57,300 boe/d, 67% liquids. The transaction is expected to be accretive to distributable cash flow per unit, and upon closing of the transaction, Breitburn has agreed to recommend to its Board a distribution increase to $2.08 per unit on an annualized basis. The transaction is expected to close in late 2014 or early 2015.

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