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Stock Market & Financial Investment News

News Breaks
April 24, 2014
05:16 EDTWPZ, WMBWilliams Partners shuts down Opal, WY gas processing facility after explosion
Williams Partners (WPZ) and Williams (WMB) reported an explosion and fire at approximately 2 p.m. Mountain Time at their natural gas processing facility in Lincoln County, WY, near the town of Opal. There were no reported injuries or damage to property outside the facility. The facility was immediately shut down and emergency procedures were activated. All personnel were safely evacuated from the facility. First-responders evacuated an area that includes the town of Opal and closed Highway 30 in proximity to the plant. Williams is making accommodations for the displaced residents. The company’s top priority right now is ensuring the safety of our employees and surrounding community, as well as cooperating with the local authorities and regulatory agencies. Natural-gas gathering from surrounding producing areas is temporarily suspended as a result of the incident. The company is evaluating alternatives so that natural gas production can resume as soon as possible. The Opal facility processes natural gas gathered from wells in the area in preparation for interstate natural gas pipeline transport. It also produces natural gas liquids from the natural gas. The Opal plant has an inlet capacity of 1.5B cubic feet of natural gas per day. Recent daily volumes have been approximately 1B cubic feet of natural gas. The incident is known to have affected TXP-3, one of the five cryogenic processing trains that comprise the Opal facility. It is too early to determine the extent of damage to the facility or a timeline for return to service. Once it is safe to return to the plant, Williams will conduct a thorough investigation into the cause of the incident in cooperation with regulators.
News For WPZ;WMB From The Last 14 Days
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March 4, 2015
13:37 EDTWMBOptions with increasing volume
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February 25, 2015
16:38 EDTWPZWilliams Partners files to sell $1B of common units representing limited partner
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16:37 EDTWPZWilliams Partners files automatic mixed securities shelf for limited partners
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February 24, 2015
10:00 EDTWMB, WPZOn 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.
06:16 EDTWMB, WPZWilliams 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.

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