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Stock Market & Financial Investment News

News Breaks
January 29, 2014
04:55 EDTWMB, WMB, WG, WG, DTE, DTE, EQM, EQM, CMLP, CMLP, POT, POT, NUE, NUE, GWR, GWR, MWE, MWEHart Energy to hold a conference
Marcellus-Utica Midstream Conference is being held in Pittsburgh on January 28-30.
News For WMB;WG;DTE;EQM;CMLP;POT;NUE;GWR;MWE From The Last 14 Days
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February 25, 2015
09:17 EDTMWEMarkWest Energy sees FY15 adjusted EBITDA $925M-$1.03B
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09:14 EDTMWEMarkWest Energy reports Q4 DCF $201M
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09:07 EDTMWEMarkWest Energy reports Q4 EPS 18c, consensus 28c
Reports Q4 revenue $538.3M, consensus $622.79M.
08:42 EDTGWRGenesee & Wyoming to hold a conference call
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07:05 EDTCMLPCrestwood Midstream downgraded at Stifel
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06:07 EDTCMLPCrestwood Midstream downgraded to Hold from Buy at Stifel
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February 24, 2015
18:20 EDTGWRGenesee & Wyoming sees Freightliner to generate US$785M in revenue in first year
During its first year of ownership, G&W expects Freightliner to generate approximately US$785M in revenues at current exchange rates and US$93M of EBITDA , which includes annual operating lease expense of US$69M. G&W expects the acquired business to require annual average capital expenditures of approximately US$26M and to have depreciation and amortization expense of approximately US$28M. On a blended basis, income from Freightliner carries a weighted average book tax rate of 22%. G&W expects annualized EPS accretion from the acquisition of approximately 8%, subject to finalization of acquisition accounting under U.S. GAAP.
18:18 EDTGWRGenesee & Wyoming to acquire Freightliner Group Limited
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15:21 EDTMWENotable companies reporting before tomorrow's open
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10:00 EDTWMBOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded to Neutral from Outperform at Macquarie... American Airlines (AAL) downgraded to Market Perform at Cowen... Armstrong World (AWI) downgraded to Hold from Buy at KeyBanc... Basic Energy (BAS) downgraded to Outperform from Strong Buy at Raymond James... CSC (CSC) downgraded at Stifel... Chevron (CVX) downgraded to Perform from Outperform at Oppenheimer... Choice Hotels (CHH) downgraded to Underweight from Equal Weight at Barclays... Eni SpA (E) downgraded to Underperform from Hold at Jefferies... Fifth Street Asset (FSAM) downgraded to Neutral from Outperform at Credit Suisse... HSBC (HSBC) downgraded to Neutral from Buy at UBS... Home Loan Servicing (HLSS) downgraded to Neutral from Overweight at Piper Jaffray... Huntington Ingalls (HII) downgraded to Underperform from Neutral at Credit Suisse... International Paper (IP) downgraded to Hold from Buy at Deutsche Bank... Kayne Anderson (KED) downgraded at Stifel... Landstar System (LSTR) downgraded to Hold from Buy at Deutsche Bank... Multi-Color (LABL) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Newmont Mining (NEM) downgraded to Neutral from Overweight at HSBC... ONEOK Partners (OKS) downgraded to Underweight from Neutral at JPMorgan... ONEOK (OKE) downgraded to Underweight from Neutral at JPMorgan... Olympic Steel (ZEUS) downgraded to Underperform from Neutral at Credit Suisse... Polypore (PPO) downgraded to Market Perform from Outperform at William Blair... Rosetta Resources (ROSE) downgraded to Equal Weight from Overweight at Stephens... Salix (SLXP) downgraded to Neutral from Buy at UBS... Sprint (S) downgraded to Sell from Neutral at BTIG... St. Jude Medical (STJ) downgraded to Underperform from Outperform at Credit Suisse... Timmins Gold (TGD) downgraded on lack of near-term production catalysts at RBC Capital... Transocean Partners (RIGP) downgraded to Underweight from Equal Weight at Barclays... Vodafone (VOD) downgraded to Underperform from Neutral at BofA/Merrill... Williams Partners (WPZ) downgraded to Neutral from Buy at Citigroup... Williams (WMB) downgraded to Neutral from Buy at Citigroup... Worthington (WOR) downgraded to Neutral from Outperform at Credit Suisse... Zillow Group (Z) downgraded at Macquarie.
08:20 EDTMWEEnterprise, Anadarko, DCP, MarkWest form joint venture for Panola
Enterprise Products Partners (EPD), Anadarko Petroleum (APC), DCP Midstream Partners (DPM) and MarkWest Energy Partners (MWE) announced the formation of a joint venture under which Enterprise will assign 45% ownership interest in its wholly owned Panola Pipeline Company. The interest will be evenly divided among Anadarko’s affiliate, WGR Asset Holding Company, DCP Midstream Partners and MarkWest. Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest. The Panola Pipeline, which transports natural gas liquids, originates in Carthage, Texas and extends 181 miles to Mont Belvieu, Texas. Incremental capacity is expected to be available in 1Q16. This corrects the symbol for Enterprise Products Partners.
07:43 EDTCMLPCrestwood Midstream reports cost reduction initiatives to realign cost structure
07:41 EDTCMLPCrestwood Equity sees FY15 adjusted EBITDA $540M-$575M
Adjusted EBITDA, including CMLP (CMLP), is estimated to be in the range of $540M-$575M. Adjusted EBITDA from operating assets owned directly by Crestwood Equity (CEQP) is estimated to be in the range of $60M-$65M in 2015; Adjusted distributable cash flow is estimated to be in the range of $80M-$85M; and Consistent with CMLP’s announced cost reduction initiative, Crestwood Equity also anticipates significant cost reductions including workforce reductions in the first half of 2015, which will position Crestwood to better withstand any sustained downturn in commodity prices.
07:41 EDTCMLPCrestwood Midstream sees FY15 adjusted EBITDA $480M-$510M
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07:40 EDTCMLPCrestwood Equity reports Q4 EPS 21c, consensus 10c
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07:39 EDTCMLPCrestwood Midstream reports Q4 EPS (43c), may not compare to consensus 6c
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06:16 EDTWMBWilliams Partners downgraded to Neutral from Buy at Citigroup
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06:14 EDTWMBWilliams downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Williams to Neutral saying management should consider building coverage, which would cause distribution growth to fall behind EBITDA growth. Citi believes the valuation reflects what the company has accomplished. It raised its price target for shares to $52 from $49.
February 23, 2015
07:40 EDTNUE, POTBMO Capital to hold a conference
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February 22, 2015
13:45 EDTGWRCanada introduces legislation to enhance crude-by-rail safety, accountability
The Honourable Lisa Raitt, Minister of Transport, introduced legislation in the House of Commons that will enhance railway safety and make the rail industry and crude oil shippers more accountable to Canadians. The new Safe and Accountable Rail Act proposes amendments to the Canada Transportation Act and Railway Safety Act. Changes include a new liability and compensation regime for federally regulated railways, including minimum insurance requirements; a compensation fund financed by levies on crude oil shippers; increased information-sharing provisions; and stronger oversight powers for the Minister and Transport Canada inspectors. The new liability and compensation regime will be consistent with those the Government has introduced for other modes of transport, such as marine tankers and oil pipelines. It is based on the “polluter pays” principle and makes railways and shippers responsible for the cost of accidents, protecting taxpayers and communities by ensuring that adequate resources are available for compensation if an accident were to occur. Proposed amendments to the Railway Safety Act will broaden the powers of the Minister and inspectors to order railway companies and others to take specified measures or stop any activity deemed necessary for safe railway operations. The proposed amendments will also create new regulation- making powers requiring railway companies to share information with municipalities. These changes are part of the Government’s commitment to strengthen oversight and increase collaboration between communities and the rail industry, addressing issues raised in the Transportation Safety Board’s final report on the Lac-Mégantic derailment as well as concerns of the Federation of Canadian Municipalities. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
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