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Stock Market & Financial Investment News

News Breaks
February 6, 2014
08:09 EDTXTEX, APA, XTXICrosstex Energy announces Permian pipeline extension project
Crosstex Energy L.P. (XTEX) and Crosstex Energy, Inc. (XTXI) announced that the partnership is continuing to expand its gas gathering and processing capabilities in the Permian Basin through a new long term, fee-based agreement with a major oil and gas producer in the region. This agreement builds upon the approximately $210M in investments that Crosstex has already made in the Permian Basin to take advantage of growing production in the region, including its joint venture with Apache (APA), the Mesquite fractionator and the Bearkat gathering and processing complex. In conjunction with the agreement, the partnership is constructing a new 35-mile, 12-inch diameter high-pressure pipeline that will provide gathering capacity for the previously announced Bearkat natural gas processing complex. The incremental investment for the new pipeline extension project is expected to be approximately $70M. The new-build pipeline will originate at the Partnership’s Bearkat gas processing facility, currently under construction in Glasscock County. The pipeline will have a capacity of approximately 100M cubic feet per day and will provide gas takeaway solutions for constrained producer customers in Howard, Martin and Glasscock counties. Right-of-way acquisition is underway and the pipeline is expected to be operational in 2H14.
News For XTEX;XTXI;APA From The Last 14 Days
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November 20, 2014
10:02 EDTAPAOn The Fly: Analyst Initiation Summary
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08:06 EDTAPAApache sees 2015 North American onshore production growth 8%-12% on BOE basis
Apache Corporation will provide an update to investors at its North American Update conference in New York. During the conference, Apache will state that it forecasts 2015 North American onshore liquids growth of 12%-16% when adjusted for 2014 asset sales. On a barrel of oil equivalent, or BOE, basis, the company projects 2015 North American onshore production growth of 8%-12%. This forecast assumes a preliminary North American onshore exploration and production capital budget of approximately $4B. The company presented a five-year compounded annual production growth outlook for onshore North American liquids of 12%-16% and 8%-12% on a BOE basis.
08:03 EDTAPAApache announces sale of non-core Louisiana and Anadarko assets for $1.4B
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November 19, 2014
17:09 EDTAPAApache initiated with an Outperform at Imperial Capital
Target $92.
November 14, 2014
09:38 EDTAPAJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 12, 2014
07:59 EDTAPAMitsubishi UFJ to hold a tour
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07:31 EDTAPABofA/Merrill to hold a conference
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