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Stock Market & Financial Investment News

News Breaks
January 9, 2013
08:45 EDTRRMS, SEMGRose Rock Midstream acquires pipeline interest from SemGroup for $273.9M
Rose Rock Midstream (RRMS) and SemGroup (SEMG) announced that Rose Rock Midstream has agreed to acquire a 33.3% interest in SemCrude Pipeline, which owns 51% of the White Cliffs Pipeline, from SemGroup for $273.9M. Following the acquisition, Rose Rock Midstream will effectively own 17% of White Cliffs Pipeline. The White Cliffs Pipeline is a 527-mile common carrier, crude oil pipeline system that originates in Colorado and terminates in Cushing, Oklahoma. It has a current capacity of 70,000 barrels per day and has announced an expansion project for an additional 80,000 barrels per day resulting in total capacity of 150,000 barrels per day. This expansion is expected to be completed in the first half of 2014.
News For RRMS;SEMG From The Last 14 Days
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May 17, 2013
08:01 EDTSEMGJPMorgan's small cap analysts hold an analyst/industry conference call
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May 15, 2013
17:26 EDTRRMSRose Rock Midstream files $500M mixed securities shelf
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14:50 EDTSEMGSemGroup has a conference call hosted by JPMorgan
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May 8, 2013
16:46 EDTSEMGSemGroup declares initial quarterly cash dividend of 19c per share
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16:45 EDTSEMGSemGroup reaffirms FY13 consolidated adjusted EBITDA view $165M-$175M
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16:44 EDTSEMGSemGroup reports Q1 EPS $1.03, may not compare to consensus 36c
Reports Q1 revenue $287.7M, consensus $335.57M.
16:43 EDTRRMSRose Rock Midstream reaffirms 2013 adjusted EBITDA outlook $56M-$60M
16:43 EDTRRMSRose Rock Midstream reports Q1 EPS for Class A unit 16c
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