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Stock Market & Financial Investment News

News Breaks
March 28, 2014
05:52 EDTRRMSRose Rock Midstream downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Rose Rock Midstream to Neutral on expectations the company's margins will be pressured from moderating crude oil differentials between Cushing and the Gulf Coast. Citi keeps a $42 price target for shares.
News For RRMS From The Last 14 Days
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November 13, 2014
19:04 EDTRRMSRose Rock-operated White Cliffs Pipeline expands capacity
White Cliffs Pipeline, owned by subsidiaries of Rose Rock (RRMS), Plains All American Pipeline,(PAA), Western Gas Partners (WES) and Noble Energy (NBL), plans to expand capacity on its existing system to facilitate increasing shipments of crude oil from the DJ Basin to the Cushing hub. Once the Expansion Project is fully operational, the capacity of the White Cliffs Pipeline will increase from 150K barrels/day to a maximum of approximately 215K barrels/day. The Expansion Project is expected to be complete by the end of 3Q15. Following completion, Rose Rock Midstream, L.P. will continue operating the White Cliffs Pipeline.

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