NEW YORK, September 9, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Kinder Morgan, Inc. (NYSE:KMI), Williams Companies, Inc. (NYSE:WMB), Plains All American Pipeline, L.P. (NYSE:PAA), Energy Transfer Partners LP (NYSE:ETP), and QEP Resources, Inc. (NYSE:QEP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Kinder Morgan, Inc. Research Report
On September 3, 2013, Kinder Morgan, Inc. ( KMI ) announced that its subsidiary, Kinder Morgan Energy Partners, L.P. (KMP) along with Valero Energy Corp (VLO), has successfully completed construction of a c.141-mile, 16-inch diameter Parkway Pipeline. The Company further reported that the Parkway Pipeline is currently used to transport refined petroleum products from refineries in Norco, La., to an existing petroleum transportation hub in Collins, Mississippi, owned by another subsidiary of KMI, Plantation Pipe Line Company. KMP Products Pipelines President, Ron McClain, commented, "We are pleased to have completed the construction of Parkway on schedule with the help of good local working environments in both Louisiana and Mississippi. This is an exciting project that provides greater connectivity between Gulf Coast refineries and East Coast markets with new pipeline infrastructure while also increasing local property tax revenues by almost $6 million." The Full Research Report on Kinder Morgan, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/21df_KMI]
Williams Companies, Inc. Research Report
On August 29, 2013, Williams Companies, Inc.'s ( WMB ) subsidiary Williams Partners L.P. (WPZ) reported that it will participate at the 2013 Barclays Capital CEO Energy-Power Conference on Thursday, September 12, 2013. Alan Armstrong, CEO of its general partner, will represent the Company at the event, scheduled at approximately 1:00 p.m. EDT. The Company informed that interested parties can access a live webcast of Armstrong's presentation and the data used in the event via the Company website on September 12, 2013. The Full Research Report on Williams Companies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/3c41_WMB]
Plains All American Pipeline, L.P. Research Report
On August 27, 2013, Plains All American Pipeline, L.P. ( PAA ) announced its proposal to the independent directors of the board of directors of the general partner of PAA Natural Gas Storage, L.P. (PNG) to acquire all of PNG's outstanding publicly-held common units via a unit-for-unit exchange. According to the Company, the proposal considers a deal of c. 0.44 common units of PAA for each issued and outstanding publicly-held PNG common unit. Chairman and CEO of PAA, Greg L. Armstrong, commented, "While PAA shares PNG's positive views about the intermediate to long term outlook for natural gas storage, it is difficult to predict the timing and extent of a recovery in natural gas storage market conditions. Accordingly, it is clear that the next several years will be challenging for PNG on a stand-alone basis. We believe that the proposal provides an attractive opportunity for PNG's common unit holders to realize a value that reflects an appropriate balance between the intermediate to long term value of PNG's storage business and the uncertainty associated with a near-term challenging environment." The Full Research Report on Plains All American Pipeline, L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/1894_PAA]
Energy Transfer Partners LP Research Report
On September 3, 2013, Energy Transfer Partners LP ( ETP ) announced the completion of an asset sale deal Missouri Gas Energy (MGE) to Laclede Gas Company, a subsidiary of The Laclede Group, Inc. (LG), with effect from September 1, 2013, for $975 million. According to the Company, MGE, a division of Southern Union Company (Southern Union), is a wholly-owned subsidiary of ETP. The Company reported that it expects to close the sale of the natural gas distribution division of Southern Union'sNew England Gas Company (NEG) for a total of at least $60 million (less assumed debt) by Q4 2013, subject to required regulatory approval. ETP stated that the proceeds of the asset sale deals will be used to settle debts, along with borrowings under ETP's revolving credit facility. The Full Research Report on Energy Transfer Partners LP - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/f878_ETP]
QEP Resources, Inc. Research Report
On September 4, 2013, QEP Resources, Inc.'s ( QEP ) subsidiary QEP Midstream Partners, LP (QEPM) reported that underwriters of its recently completed initial public offering have purchased an additional 3 million common units, at a price to the public of $21.00 per common unit. According to the Company, QEPM has received aggregate net proceeds of $58.9 million from the sale of the additional common units, after deducting underwriting discounts and commissions and expenses. QEPM informed that Wells Fargo Securities, Morgan Stanley, Citigroup, Deutsche Bank Securities, and J.P. Morgan, served as joint book-running managers for the offering, while Goldman, Sachs & Co. served as a senior co-manager. BMO Capital Markets, SunTrust Robinson Humphrey, BB&T Capital Markets, CIBC, Mitsubishi UFJ Securities, Piper Jaffray, TD Securities, and Janney Montgomery Scott also served as co-managers for the offering. The Full Research Report on QEP Resources, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/9bc3_QEP]
This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Information in this release is fact checked and produced on a best efforts basis and reviewed by an analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Analysts' Corner