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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:48 EDTSSL, ETP, LNG, RRCRange 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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July 30, 2015
17:07 EDTETPPhillips 66, Energy Transfer Partners, Sunoco Logistics form JV
Phillips 66 ( PSX), Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL) announced that they have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Texas, to Lake Charles, Louisiana. The joint venture will also launch an expansion open season for service to the market hub in St. James, Louisiana. Phillips 66 holds a 40% interest in the joint venture and Energy Transfer and Sunoco Logistics each hold a 30% interest. Sunoco Logistics will be the operator of the system. Construction is underway on the Nederland to Lake Charles segment of the pipeline, which will be 30-inch diameter and is expected to begin commercial operations in Q1 of 2016. The companies will also launch a binding expansion open season to assess additional shipper interest for service with connectivity to existing terminal infrastructure and refineries in and around the St. James area. The results of the expansion open season will be used to determine the size of the pipeline to St. James, which has a forecasted in-service date of the second half of 2017. The binding expansion open season will commence in Q3 of 2015. Bona fide potential shippers that would like to receive copies of the expansion open season documents, the throughput and deficiency agreement, and proposed tariffs must first sign a confidentiality agreement.
17:03 EDTLNGCheniere Energy signs 20-year agreement with Central El Campesino
Cheniere Energy, through its subsidiary, Cheniere Marketing, has entered into a liquefied natural gas sale and purchase agreement with Central El Campesino, under which Central El Campesino would purchase approximately 0.6 million tonnes per annum of LNG delivered ex-ship for 20 years beginning in 2019 from the Corpus Christi Liquefaction Project currently under construction near Corpus Christi, Texas.
17:02 EDTLNGCheniere Energy reports Q2 EPS (52c), consensus (32c)
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11:43 EDTRRCStocks with call strike movement; RRC RIG
Range Resources (RRC) January 47.5 call option implied volatility increased 6% to 54, Transocean (RIG) January 16 call option implied volatility increased 5% to 54 according to IVolatility.
July 28, 2015
16:45 EDTRRCRange Resources targets Q3 production growth 20% year-over-year
Production growth for 2015 is targeted at 20% year-over-year. Average daily production for the third quarter is expected to be 1.39 to 1.40 Bcfe per day with 28% liquids.
16:43 EDTRRCRange Resources sees FY15 CapEx $870M
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16:43 EDTRRCRange Resources reports Q2 production averaged 1,373 Mmcfe per day
Representing a 24% increase over the prior-year quarter.
16:42 EDTRRCRange Resources reports Q2 adjusted EPS 1c, consensus 4c
Reports Q2 adjusted revenue $405M, consensus $405.58M.
15:21 EDTRRCNotable companies reporting after market close
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July 23, 2015
16:39 EDTETPEnergy Transfer Partners raises quarterly dividend by 2c to $1.04 per unit
Energy Transfer Partners announced a 2c increase in its quarterly distribution to $1.035 per ETP common unit, or $4.14 annualized, for the quarter ended June 30. The quarterly distribution of $1.04 represents a distribution increase of 32c per common unit on an annualized basis, or 8.4%, compared to Q2 of 2014 and represents an annualized distribution increase of 8c per common unit compared to Q1. This marks the eighth consecutive quarter that ETP has raised its distribution. The cash distribution will be paid on August 14, to unitholders of record as of the close of business on August 6.
16:33 EDTETPEnergy Transfer Equity raises quarterly dividend to 53c per unit
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07:20 EDTRRCEQT Midstream Partners to build header pipeline for Range Resources
EQT Midstream Partners (EQM) announced that it has entered into a definitive agreement with Range Resources (RRC) – Appalachia, LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development. The pipeline will provide greater than half a billion cubic feet per day of firm capacity and is backed by a long-term firm capacity reservation commitment. EQT Midstream Partners will invest approximately $250M for the construction of 32 miles of pipeline and installation of approximately 32,000 horsepower of compression. The Partnership plans to complete the project in two phases, with phase one expected to be in-service by the third quarter of 2016 and phase two by mid-year 2017. The majority of capital investment is expected throughout 2016 and the first half of 2017.
July 22, 2015
10:01 EDTLNGOn The Fly: Analyst Initiation Summary
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09:46 EDTLNGCheniere Energy initiated with an Accumulate at Global Hunter
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July 20, 2015
10:00 EDTRRCOn The Fly: Analyst Upgrade Summary
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08:01 EDTRRCRange Resources upgraded to Buy from Accumulate at KLR Group
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