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Stock Market & Financial Investment News

News Breaks
January 9, 2013
08:55 EDTSEMG, RRMS, NGLSemGroup plans to pay a cash dividend in Q2
SemGroup (SEMG) announced that it expects to pay a quarterly cash dividend to common shareholders beginning in Q2. The dividend is targeted to represent a pass-through of the majority of the cash distributions received by SemGroup from its interests in Rose Rock Midstream (RRMS) and NGL Energy Partners (NGL). The dividend is expected to be based on the previous quarter's distributions received from SemGroup's interests in these master limited partnerships. Accordingly, the initial dividend, to be declared and paid in Q2, is anticipated to be based on the distributions received by SemGroup from Rose Rock Midstream and NGL Energy Partners in Q1.
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September 12, 2014
07:31 EDTNGLNGL Energy Partners, Rimrock announce Grand Mesa pipeline open season
NGL Energy Partners LP and Rimrock Midstream, LLC announced that a binding open season starting next Monday, September 15 at 8:00 a.m. Central Standard Time for their joint venture Grand Mesa Pipeline, LLC crude oil pipeline. The open season will close on Friday, October 3 at 5:00 p.m. Central Standard Time.
September 9, 2014
07:14 EDTRRMS, SEMGRose 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.
September 5, 2014
16:33 EDTNGLNGL Energy Partners announce joint venture for Grand Mesa Pipeline project
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