Southwestern Energy price target raised to $44 from $39 at RBC Capital After meeting with Southwestern Energy's CEO, RBC Capital increased its price target on the stock as the firm believes that natural gas fundamentals/sentiment is improving. The firm maintains an Outperform rating on the shares.
DTE Energy announces expansion in Bluestone system DTE Energy (DTE) and Southwestern Energy Co. (SWN) signed an agreement to significantly expand their relationship centered on the Bluestone Pipeline and in-field gathering system. The new gathering agreement increases the infrastructure footprint associated with DTE Energy's gathering assets by approximately 50% in Susquehanna County, Pa. This agreement also increases Southwestern's transportation capacity on the Bluestone Pipeline. The 44.5-mile Bluestone Pipeline can deliver approximately 0.8 Bcf/day of gas to both the Millennium Pipeline in Broome County, N.Y., and the Tennessee Gas Pipeline in Susquehanna County, and is currently increasing its capacity to 1.0 Bcf/d by mid-2016.