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Stock Market & Financial Investment News

News Breaks
August 15, 2014
08:44 EDTRRMSRose Rock Midstream subsidiary announces binding open season
White Cliffs Pipeline, a partially owned subsidiary of Rose Rock Midstream, is soliciting binding contracts for 40,000 barrels per day of priority service on existing pipeline capacity. WCPL previously held an open season for its expansion and is now holding an additional open season for the remaining expansion capacity to provide all potential and existing shippers another opportunity to receive priority service in exchange for long-term minimum volume commitments. The open season will begin today and close at 5:00 P.M. CDT on September 5, by which time the T&D Agreement must be executed and returned.
News For RRMS 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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