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Stock Market & Financial Investment News

News Breaks
February 19, 2014
11:33 EDTXTEX, XTXI, DVNCrosstex provides preliminary 2014 guidance for EnLink Midstream
Crosstex Energy, LP (XTEX) and Crosstex Energy, Inc. (XTXI) provided preliminary 2014 financial guidance for EnLink Midstream Partners, LP and EnLink Midstream, LLC, assuming the completion of the previously announced merger and contribution transactions in Q1. The projections provided herein include financial synergies. EnLink Midstream expects combined adjusted EBITDA of approximately $525M from the beginning of Q2 through Q4 with EnLink Midstream Partners, LP contributing approximately $375M of that adjusted EBITDA. On an annualized basis, these forecasts equate to approximately $700M of combined adjusted EBITDA at EnLink Midstream, including approximately $500M at EnLink Midstream Partners, LP. Projected distributions for fiscal year 2014 are expected to be approximately $1.47 per common unit at EnLink Midstream Partners, LP and approximately 80c per common unit at EnLink Midstream, LLC. The payment and amount of distributions will be subject to approval by the respective EnLink Midstream Boards of Directors and to economic conditions and other factors existing at the time of the determination of each quarterly distribution. Expected growth capital expenditures at EnLink Midstream Partners, LP in Q2-Q4 are approximately $300M. Expected maintenance capital expenditures in Q2-Q4 will be approximately $80M at EnLink Midstream and approximately $50M at EnLink Midstream Partners, LP.
News For XTEX;XTXI;DVN From The Last 14 Days
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October 23, 2014
10:01 EDTDVNOn The Fly: Analyst Initiation Summary
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07:00 EDTDVNDevon Energy initiated with a Positive at Susquehanna
Target $75.
October 21, 2014
10:00 EDTDVNOn The Fly: Analyst Upgrade Summary
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08:29 EDTDVNDevon Energy upgraded to Accumulate from Neutral at Global Hunter
Global Hunter upgraded Devon Energy to Accumulate based on Permian execution, favorable risk/reward, and the potential drop-down of its Canadian pipeline assets into its MLP. Price target lowered to $68 from $80 based on based on a lower commodity price outlook.

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