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Stock Market & Financial Investment News

News Breaks
July 14, 2014
16:19 EDTRRMS, PAA, WES, NBLWCPL begins commissioning of White Cliffs pipeline expansion
White Cliffs Pipeline, WCPL, owned by subsidiaries of Rose Rock Midstream (RRMS), Plains All American Pipeline (PAA), Western Gas Partners (WES) and Noble Energy (NBL), plans to begin the commissioning of the expansion of the White Cliffs Pipeline in July. WCPL expects the Expansion Project, a looping of the existing crude oil pipeline from Platteville, Colorado, to Cushing, Oklahoma, to be fully operational in August. The Expansion Project allows WCPL to help meet the growing demand for midstream services by offering long-haul transportation from the Denver Julesburg Basin. Once the Expansion Project is fully operational, the capacity of the White Cliffs Pipeline will increase from 76,000 barrels per day to approximately 150,000 barrels per day. Following completion of the Expansion Project, Rose Rock Midstream, L.P. will continue operating the White Cliffs Pipeline.
News For RRMS;PAA;WES;NBL From The Last 14 Days
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September 9, 2014
07:14 EDTRRMSRose Rock Midstream price target raised to $66 from $58 at Stifel
Stifel increased its price target on Rose Rock (RRMS), as the firm is upbeat on the company's guidance and thinks the backlog of dropdowns at the company's sponsor, SemGroup (SEMG), has positive implications for Rose Rock. The firm expects SemGroup to drop down a portion of its assets to Rose Rock. It keeps a Buy rating on Rose Rock.

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