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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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August 29, 2014
09:26 EDTETPEnergy Transfer Partners, Susser Holdings announce completion of merger
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August 28, 2014
12:55 EDTETPSusser Holdings shareholders approve merger with Energy Transfer Partners
Susser Holdings (SUSS) and Energy Transfer Partners (ETP) are pleased to announce that Susser Holdings' stockholders voted to approve the proposed merger with ETP at the special meeting of Susser stockholders. Approximately 99% of the shares voted at the meeting voted in favor of the adoption of the merger agreement, which represented approximately 77% of Susser's total outstanding shares of common stock as of the July 22 record date for the special meeting.
August 26, 2014
12:51 EDTLNGStocks with increasing options volume
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08:03 EDTETPSusser, Energy Transfer Partners report preliminary merger consideration results
Susser Holdings (SUSS) and Energy Transfer Partners (ETP) announced the preliminary results of the elections made by Susser common stockholders regarding their preference as to the form of merger consideration to be received in Energy Transfer Partnersí pending acquisition of Susser. As previously announced on April 28, 2014, Susser Holdings Corporation entered into an Agreement and Plan of Merger with Energy Transfer Partners, L.P. and certain other parties thereto. Pursuant to the merger agreement, Susser stockholders were entitled to elect to receive, (i) a combination of $40.125 in cash and 0.7253 of an ETP common unit, (ii) $80.25 in cash (iii) 1.4506 ETP common units, for each share of Susser common stock they own immediately prior to the merger. The deadline for making this election was 5:00 p.m. Eastern Time on August 25, 2014. Based on available information as of the Election Deadline, the preliminary merger consideration election results are as follows: Holders of approximately 7% of the outstanding shares of Susser common stock, or 1,489,061 shares of common stock, elected the standard mix of consideration; Holders of approximately 1% of the outstanding shares of Susser common stock, or 264,840 shares of common stock, made a cash election; and Holders of approximately 85% of the outstanding shares of Susser common stock, or 18,576,197 shares of common stock, made a unit election. Holders of approximately 7% of the outstanding shares of Susser common stock, or 1,464,477 shares of common stock, failed to make a valid election prior to the Election Deadline and therefore are deemed to have elected the standard mix of consideration.
August 18, 2014
07:54 EDTRRCEnerCom to hold a conference
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