All Posts Tagged With: "EP"
(WTI) Energy and Commodities For 2012
by David Fessler, Investment U Senior Analyst Wednesday, December 21, 2011: Issue #1669 As my colleagues have done earlier this week, I’m now putting myself in the hot seat with regards to my prognostications from a year ago. Around this time last year, I opined that commodities...
15Jan2012 | InvestmentU | 0 comments | Continued(BAC) Stock Market News for January 3, 2012 – Market News
On the last trading day of the year, US markets witnessed low volumes and muted activity as investors seemed reluctant to make any major moves on Friday. The “Santa rally” continued into the day but barely made any impact on the market. The Dow Jones Industrial average (DJIA)...
3Jan2012 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Energy Partners, L.P. Unveils 2012 Guidance
Kinder Morgan Energy Partners, L.P. (KMP) has provided its initial estimates for 2012. The partnership expects to distribute cash of $4.98 per unit next year. This is an 8.3% increase over its 2011 budget target of $4.60 per unit. Kinder Morgan Inc. (KMI) owns the general partner...
30Nov2011 | vitalstocks | 0 comments | Continued(CHK) Shale Gas Development Pushed as Cleaner and Cheaper
The Obama Administration has set its eyes on developing domestic shale gas (natural gas trapped within dense rock formations) from sources such as the vast Marcellus Shale, which stretches from New York to Virginia. Besides being significantly cheaper than crude oil, reliance...
24Nov2011 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson to Discontinue Cypher Stent
Cordis Corporation, a Johnson & Johnson (JNJ) company, recently announced that it will stop manufacturing Cypher and Cypher Select Plus sirolimus-eluting coronary stents by year end. The company will also discontinue the development of Nevo sirolimus-eluting coronary stent....
16Jun2011 | vitalstocks | 0 comments | Continued(EP) El Paso Amends Credit Facility
El Paso Corporation (EP) and its subsidiary El Paso Exploration & Production Company (EPEP) announced that they have made changes to their credit facilities, as they prepare to split into two separate entities by year-end 2011. The credit facilities of both EP and EPEP are...
11Jun2011 | vitalstocks | 0 comments | Continued(DSW) Company News for May 25, 2011 – Corporate Summary
• Shares of Yandex NV (NASDAQ:YNDX) gained more than 55% to close at $38.84 in its opening trading day at the American exchange. Yandex is a Russian internet search company and its IPO was the biggest in the Internet sector after Google (NASDAQ:GOOG) • Automotive-parts...
25May2011 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Earnings Beat Consensus
Premier natural gas company Spectra Energy Corp. (SE) reported better-than-expected first-quarter 2011 results owing to expansion projects that kick-started, higher natural gas liquids (NGLs) prices and a stronger Canadian dollar. Earnings per share from continuing operations...
3May2011 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation Analyst Rates Shares Neutral
We reiterate our Neutral recommendation on El Paso Corporation (EP) given the company’s high-grade Exploration & Production assets and large inventory of pipeline projects, which offer significant value in the long run. However, the delays and cost overruns at the Ruby...
13Apr2011 | vitalstocks | 0 comments | Continued(EPB) El Paso Pipeline Partners Adds to Southern Natural Gas Company Stake
El Paso Pipeline Partners L.P. (EPB) said it will acquire an additional 22% interest in Southern Natural Gas Company (SNG) from El Paso Corporation (EP). The partnership said it will pay roughly $587 million for the addition, which increases its ownership in SNG to 82%. El Paso...
28Mar2011 | vitalstocks | 0 comments | Continued(CLF) Stock Market News for February 18, 2011 – Market News
Markets touched new multi year highs to end in the green after investors used lackluster economic reports as an opportunity to buy into market leaders. On a sectoral basis, share prices of energy companies rose for the second consecutive day amid fresh tensions surrounding the...
20Feb2011 | vitalstocks | 0 comments | Continued(OKS) ONEOK Partners L.P. Raises Cash Distribution Again
Master limited partner (MLP), ONEOK Partners L.P. (OKS) hiked its third quarter cash distribution by 1 cent to $1.13 per limited partner unit, implying a 0.9% rise from the previous distribution of $1.12 per unit. This brings the partnership’s annualized distribution to $4.52...
23Oct2010 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation Beats Earnings Expectations by a Cent
El Paso Corporation (EP) announced its second-quarter 2010 operating earnings of 22 cents per share, which beat the Zacks Consensus Estimate by a penny. The results of the company were lower than year-ago earnings of 25 cents per share. GAAP earnings in the quarter were 21 cents...
6Aug2010 | vitalstocks | 0 comments | Continued(EP) El Paso In Joint Venture With AGL Resources on Pipeline Business
El Paso Corporation (EP) has entered into a 50/50 joint venture with AGL Resources Inc. (AGL), an Atlanta-based energy service company, for the distribution of liquefied natural gas (LNG) across the southeastern United States. The joint venture, Southeast LNG Distribution Company,...
3Aug2010 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation Project Earns FERC Approval
The Federal Energy Regulatory Commission (FERC) has approved El Paso Corporation’s (EP) $3 billion Ruby Pipeline project. The pipeline will benefit both natural gas producers and consumers in the western United States. El Paso’s 675-mile, 42-inch interstate natural gas pipeline...
7Apr2010 | vitalstocks | 0 comments | Continued(EPB) El Paso Pipeline Partners Buys Assets – Issues $425 Million Debt Offering
El Paso Pipeline Partners L.P. (EPB) has agreed to buy interests in two energy companies for $810 million. Separately, the company announced the commencement of a $425 million debt offering, which is due in 2020. Acquisition The Partnership will acquire 51% interest in both...
27Mar2010 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation Reports Year-end Reserves
El Paso Corporation (EP) reported that its total proved reserves at year-end 2009 increased 8% to 2.75 trillion cubic feet equivalent (Tcfe) Incorporatedluding its 48.8% interest in Four Star Oil & Gas Company. Proved reserves at the end of 2008 totaled 2.55 Tcfe. The company’s...
21Jan2010 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation Ends 2009 With Strong Liquidity
El Paso Corp. (EP) ended the year with a strong liquidity of approximately $1.8 billion, following the closing of a $103.5 million acquisition in the Altamont-Bluebell field. Management exclaimed that El Paso has started 2010 with a strong cash position and is making excellent...
15Jan2010 | vitalstocks | 0 comments | Continued(EP) El Paso Corporation – Surprised by Almost 25% in Last Three Quarters
El Paso Corporation (EP) has surprised on the Zacks Consensus Estimate 3 out of the last 4 quarters by an average of 24.49% even as the prices of natural gas and oil have plunged. The company is cheap, trading at just 9.3x forward earnings. Company Description El Paso Corporation...
26Aug2009 | vitalstocks | 0 comments | Continued(EP) El Paso Stays Neutral – has proved reserves of nearly 2.5 trillion cubic feet
Texas-based El Paso Corporation (EP) is the largest pipeline operator in the United States. Its pipeline assets are located in close proximity to major consuming markets as well as regions where exploration and production of hydrocarbons is very active. This benefits the company...
14Aug2009 | vitalstocks | 0 comments | Continued(EP) El Paso Better Than Expected – surety of cash flows
El Paso Corporation (EP) reported an adjusted EPS of 25 cents for the second quarter of 2009, slightly above the Zacks Consensus Estimate of 21 cents, but below 39 cents posted in the same quarter a year ago. Encouraging performance in the Pipeline segment, which clocked an 11%...
6Aug2009 | vitalstocks | 0 comments | Continued(BP) The Gas Prices Rollercoaster: Why Energy & Infrastructure Are Inextricably Combined
The Gas Prices Rollercoaster: Why Energy & Infrastructure Are Inextricably Combined by David Fessler, Advisory Panelist, Investment U Friday, January 16, 2008: Issue #917 President-elect Obama takes office in less than a week’s time. While many will be watching closely...
22Jan2009 | InvestmentU | 0 comments | Continued(EP) – El Paso Corp – estimate has advanced to its current projection of $1.49 per share from $1.14
El Paso Corporation (EP) is taking significant measures to drive revenue and enhance its profitability. The company announced that it has restructured its hedging strategy to provide it with more exposure to rising energy prices. In addition, El Paso continues to grow its pipeline...
16Jul2008 | Shawn | 0 comments | Continued