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January 23, 2013
06:05 EDTSTRQuestar upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Questar citing the potential success for the company's Southern Trails project. The firm raised its price target for shares to $25 from $21.75.
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August 31, 2015
16:17 EDTSTRQuestar applies to add Canyon Creek to Wexpro II, proposes change to model
Questar subsidiary Questar Gas has submitted an application to the Public Service Commissions of Utah and Wyoming seeking approval to include the recently acquired Canyon Creek property as a Wexpro II development and production asset. In December 2014, Wexpro closed on this $52.7M acquisition of the remaining 30% ownership interest in natural gas producing properties in the Canyon Creek field, located in the Vermillion Basin in southwest Wyoming. Wexpro now has a 100% ownership interest in this field, a property that produces some of its lowest-priced cost-of-service natural gas. Under the Wexpro II Agreement, Questar Gas is required to apply for approval to include any properties acquired by Wexpro within the original Wexpro Agreement's development-drilling area, as Wexpro II properties. In the application, Questar Gas also proposed changes to certain terms of the Wexpro cost-of-service model established by the Wexpro agreements. The changes are designed to enable future cost-of-service gas production to be more competitive in the current low-price commodity environment. Key points to consider about the proposed changes: The rate of return on post-2015 development drilling expenditures under both Wexpro agreements would be lowered to the Commission-Allowed Rate of Return on investment as defined in the Wexpro II Agreement - currently 7.64%. Post-2015 dry-hole and non-commercial well costs would be expensed and shared on a 50/50 basis between utility customers and Wexpro. When the annual weighted average price of cost-of-service gas from Wexpro and Wexpro II properties is less than the current market price, then annual savings on post-2015 development would be shared between utility customers and Wexpro on a 50/50 basis. The pre-2016 investment base and associated returns would not be affected.
August 20, 2015
10:00 EDTSTROn The Fly: Analyst Downgrade Summary
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05:57 EDTSTRQuestar downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Sighinolfi downgraded Questar to Hold with a $22 price target.

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