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Stock Market & Financial Investment News

News Breaks
May 29, 2014
13:48 EDTRRC, MWERange Resources says Q2 impact from MarkWest Energy incident to be minimal
Last night MarkWest (MWE) reported an incident at its Houston, Pennsylvania complex which damaged a portion of its gas processing facilities. As a result, some Range (RRC) wells are shut in while the plant is down to assess the damage. Range and MarkWest are working closely and are in the process of diverting production to MarkWest's facilities at Majorsville, West Virginia while repairs are made to the Houston facilities. Based on preliminary reports from MarkWest, the impact to Range's production is expected to be minimal in the second quarter. Range's second quarter production guidance remains at 1,065-1,075 Mmcfe per day.
News For RRC;MWE From The Last 14 Days
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September 18, 2014
19:26 EDTRRCPennsylvania regulators charge Range Resources record $4.15M fine, Upstream says
Pennsylvania regulators have charged Range Resources with a record $4.15M fine for environmental violations at a western Pennsylvania site, Upstream reports. The $4.15M fine represents the largest fine the state of Pennsylvania has ever levied against a shale driller. Range Resources will also close five artificial ponds that were leaking flowback water, will upgrade liners and leak detection systems at two other ponds, and will test surrounding soil and groundwater for contamination, Upstream added. Reference Link
September 16, 2014
09:44 EDTMWE, RRCMorgan Stanley to hold a summit
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September 9, 2014
10:10 EDTMWEOn the Fly: Analyst Downgrade Summary
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07:08 EDTMWEMarkWest Energy downgraded at Stifel
As noted earlier, Stifel downgraded MarkWest to Hold from Buy. The firm downgraded the stock based on valuation.
06:38 EDTMWEMarkWest Energy downgraded to Hold from Buy at Stifel
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