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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:48 EDTRRC, ETP, SSL, LNGRange Resources announces marketing, transportation agreements
Range (RRC) has signed an agreement to act as a foundation shipper on the ET Rover pipeline, a natural gas pipeline project of ET Rover Pipeline, a subsidiary of Energy Transfer Partners (ETP). The project will provide Range the flexibility to move Pennsylvania natural gas to Dawn, Ontario and south to the Gulf Coast. Range has agreed to transport up to 400K Mmbtu per day for 20 years starting in October 2017. The natural gas will be supplied directly from a regional processing plant so there will be no additional transportation charge to move this gas to these potentially premium markets. Range has also signed its first two LNG supply agreements subject to commencement of the projects. The company entered into an agreement with an affiliate of Cheniere Energy (LNG) to supply gas to the Sabine Pass LNG terminal on the Gulf Coast. The Sabine Pass facility is expected to commence service in late 2015. Range is expected to supply gas to the facility for five years starting in 2017. Range also signed an agreement with another company to supply natural gas to another LNG terminal for a term of ten years. Further, Range is in active discussions with several major international companies to supply natural gas to other LNG facilities. Range has also executed two additional fixed term ethane sales agreements that are subject to successful project completion. The first contract will potentially supply an affiliate of Sasol (SSL) with 10K barrels of ethane per day for a multi-year term. Range expects to utilize its ATEX transportation capacity to supply the contract. Sasol anticipates reaching final investment decision later this year on its proposed 1.5M ton per annum ethane cracker and derivatives complex near Lake Charles, Louisiana. The second ethane agreement would supply ASCENT, the petrochemical complex planned by the Odebrecht Organization in Parkersburg, West Virginia. The ethane agreement commits Range to 5K barrels per day for a term of 15 years. The ASCENT ethane will be supplied directly from a regional processing plant, thus resulting in no additional transportation fee to Range.
News For RRC;ETP;SSL;LNG From The Last 14 Days
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October 30, 2014
16:59 EDTLNGCheniere Energy reports Q3 EPS (40c), consensus (27c)
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06:21 EDTSSLChart Industries receives heat exchanger and cold boxes order from Sasol
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October 29, 2014
17:27 EDTRRCRange Resources sees Q4 avg. daily production approximately 1.35 Bcfe per day
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17:25 EDTRRCRange Resources reports Q3 production averaged 1,209 MMCFE/day
An increase of 26% over the prior year quarter.
17:24 EDTRRCRange Resources reports Q3 adjusted EPS 37c, consensus 33c
Reports Q3 adjusted revenue $491M, consensus $488.45M.
15:53 EDTRRCNotable companies reporting after market close
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October 28, 2014
09:37 EDTSSLSasol upgraded to Overweight from Equal Weight at Barclays
08:31 EDTETPPhillips 66 becomes JV partner with Energy Transfer for Bakken crude pipelines
Energy Transfer Equity, L.P. (ETE), Energy Transfer Partners, L.P. (ETP) and Phillips 66 (PSX) announced that they have formed two joint ventures to develop the previously announced Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline projects. Energy Transfer holds a 75% interest in each joint venture and will operate both pipeline systems. Phillips 66 owns the remaining 25% interests and will fund its proportionate share of the construction costs. The DAPL and ETCOP projects are expected to begin commercial operations in the fourth quarter of 2016. Based on contractual commitments to date, DAPL is expected to deliver in excess of 450,000 barrels per day of crude oil from the Bakken/Three Forks production area in North Dakota to market centers in the Midwest. DAPL will provide shippers with access to Midwestern refineries, unit-train rail loading facilities to facilitate deliveries to East Coast refineries, and the Gulf Coast market through an interconnection in Patoka, Illinois, with ETCOP. ETCOP will provide crude oil transportation service from the Midwest to the Sunoco Logistics Partners and Phillips 66 storage terminals located in Nederland, Texas.
October 27, 2014
11:04 EDTSSLSasol announces final investment decision on Louisiana complex
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09:30 EDTSSLFluor, Technip JV awarded contract for Sasol complex
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07:38 EDTRRCUS E&P sector downgraded to Neutral from Attractive at Goldman
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07:30 EDTRRCRange Resources volatility elevated into Q3 and outlook
Range Resources November call option implied volatility is at 36, December is at 33, March is at 32; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 29.
06:14 EDTETPSusser Petroleum Partners changes its name to Sunoco
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October 23, 2014
10:01 EDTRRCOn The Fly: Analyst Initiation Summary
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07:02 EDTRRCRange Resources initiated with a Positive at Susquehanna
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October 21, 2014
16:19 EDTETPEnergy Transfer Partners raises quarterly distribution to 9.75c per unit
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11:30 EDTETPOptions with decreasing implied volatility
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