-
Xcel Excelling in Recycling Service - Analyst Blog
Wednesday, January 5, 2011 - 6:53pm | 375Xcel Energy Inc. (XEL) received a contract extension from Appliance Recycling Centers of America Inc. (ARCI) to provide refrigerator recycling services for the Xcel's residential electric customers in Colorado, Minnesota and New Mexico. The contract has been extended through December 31, 2011....
-
AmeriGas Partners Prices New Issue of Notes
Wednesday, January 5, 2011 - 5:40pm | 90AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE: APU), announced today that the Partnership will issue $470 million of senior notes with an interest rate of 6.50%. The proceeds from the issuance will be used to finance the Partnership's tender offer for its outstanding 7....
-
MarkWest Buys EQT's Processing Unit - Analyst Blog
Wednesday, January 5, 2011 - 4:03pm | 449MarkWest Energy Partners, L.P. (MWE) announced the acquisition of EQT Corporation's (EQT) Kentucky basednatural gas processing complex and an associated natural gas liquids (NGL) pipeline. The purchase price of the properties has been settled at $230 million. The processing complex incorporates...
-
MarkWest Buys EQT's Processing Unit - Analyst Blog
Wednesday, January 5, 2011 - 3:34pm | 449MarkWest Energy Partners, L.P. (MWE) announced the acquisition of EQT Corporation's (EQT) Kentucky basednatural gas processing complex and an associated natural gas liquids (NGL) pipeline. The purchase price of the properties has been settled at $230 million. The processing complex incorporates...
-
Buckeye Partners Issues $650M Notes - Analyst Blog
Wednesday, January 5, 2011 - 12:33pm | 521The refined petroleum pipelines operator Buckeye Partners L.P. (BPL) issued $650 million 4.875% senior unsecured notes due in February 1, 2021. The offer price of the unsecured notes is $99.620 (per $100.00 principal). The offering will close on January 13, 2011, and the partnership expects...
-
CNP Putting its House in Order - Analyst Blog
Wednesday, January 5, 2011 - 12:33pm | 539In order to meet the future requirement of funds and reduce interest liability, CenterPoint Energy Inc. (CNP) announced an exchange offer of senior notes along with selling new ones. The company in a shrewd move announced that it will exchange $762 million of its senior notes due 2013 with coupon...
-
CNP Putting its House in Order - Analyst Blog
Wednesday, January 5, 2011 - 12:15pm | 539In order to meet the future requirement of funds and reduce interest liability, CenterPoint Energy Inc. (CNP) announced an exchange offer of senior notes along with selling new ones. The company in a shrewd move announced that it will exchange $762 million of its senior notes due 2013 with coupon...
-
Buckeye Partners Issues $650M Notes - Analyst Blog
Wednesday, January 5, 2011 - 12:00pm | 521The refined petroleum pipelines operator Buckeye Partners L.P. (BPL) issued $650 million 4.875% senior unsecured notes due in February 1, 2021. The offer price of the unsecured notes is $99.620 (per $100.00 principal). The offering will close on January 13, 2011, and the partnership expects...
-
Lightower Signs Network Agreement with NSTAR Communications
Wednesday, January 5, 2011 - 10:06am | 75Lightower Fiber Networks announced today that it has signed a long-term agreement to license all remaining fiber optic network capacity of NSTAR Communications, Inc. NSTAR Communications is a wholly owned subsidiary of NSTAR (NYSE: NST). Under the terms of the agreement, Lightower secures...
-
Wells Fargo Initiates FE Coverage With A Market Perform Rating
Wednesday, January 5, 2011 - 10:00am | 79Wells Fargo is initiating coverage on FirstEnergy Corporation (NYSE: FE) with a Market Perform rating. “Our 12-18 month valuation range of $41-42 is primarily derived from our sum-of-the-parts analysis ($22-23/share Regulated & Parent and $17-20/share Unregulated),” Wells Fargo writes. “Our...
-
AmeriGas to Issue Notes
Wednesday, January 5, 2011 - 9:23am | 91AmeriGas Partners, L.P. (NYSE: APU), today announced that it and its wholly owned subsidiary, AmeriGas Finance Corp., intend to offer, subject to market and other conditions, $470.0 million aggregate principal amount of senior notes due 2021 in a registered public offering. The proceeds from the...
-
AmeriGas Partners Announces Debt Tender Offer
Wednesday, January 5, 2011 - 9:17am | 97AmeriGas Partners, L.P. (NYSE: APU) today announced that it is commencing an offer to purchase for cash any and all of its $415,000,000 aggregate principal amount of outstanding 7.25% Series A Senior Notes due 2015 and its 7.25% Series B Senior Notes due 2015 on the terms and subject to the...
-
Benzinga's Top Upgrades (SKH, BYD, ADSK, EXC)
Wednesday, January 5, 2011 - 9:14am | 147Skilled Healthcare Group Inc (NYSE: SKH) was upgraded by Morgan Keegan from "market perform" to "outperform." SKH's shares closed at $8.98 yesterday. Skilled Healthcare's PEG ratio is 0.99. Barclays Capital upgrade Boyd Gaming Corporation (NYSE: BYD) from “equal weight” to “overweight." BYD's...
-
DUK And AEP Downgrades From JP Morgan
Wednesday, January 5, 2011 - 8:36am | 54JP Morgan has downgraded Duke Energy Corporation (NYSE: DUK) from Neutral to underweight and maintains its $18 price target. JP Morgan has also downgraded American Electric Power Company (NYSE: AEP) from Overweight to Neutral and maintains its $44 price target.
-
Wells Fargo Downs ETR To Market Perform
Wednesday, January 5, 2011 - 7:08am | 41Analysts at Wells Fargo downgrade Entergy Corporation (NYSE: ETR) from “outperform” to “market perform.” ETR shares gained 1.58% to close at $73.11 yesterday. More Analyst Ratings here