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Stock Market & Financial Investment News

News Breaks
January 31, 2014
08:16 EDTSXESouthcross Energy Partners upgraded to Outperform at Wells Fargo
Wells Fargo upgraded Southcross Energy Partners to Outperform from Market Perform citing valuation following the company's secondary offering. Wells views the company's Webb Pipeline Project as a positive and keeps a $20-$22 price target range for shares.
News For SXE From The Last 14 Days
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November 24, 2014
07:01 EDTSXESouthcross Energy Partners acquires Eagle Ford pipeline system
Southcross Energy Partners, L.P. has completed the acquisition of a natural gas gathering system in McMullen County, Texas. The acquired system consists of eight miles of gathering pipelines within two miles of Southcross’ existing rich gas pipeline network and services customers under acreage dedication contracts. The system was placed into service in 2010. The acquisition of the system has been funded through Southcross’ revolving credit facility and is expected to be immediately accretive to Southcross’ distributable cash flow. Production from the system will be connected as soon as possible to Southcross’ existing pipeline network to be processed at its facilities.

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