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| 24hGold - Yahoo |
 MPLX Traded at a Lower Distribution Yield Compared to Its Peers |
| Analyzing MPLX's Key Drivers in 2016(Continued from Prior Part) MPLX’s forward distribution yield
As we saw in the previous part, MPLX trades at a forward distribution yield of 4.9%. In comparison, Plains All American Pipeline (PAA), Boardwalk Pipeline Partners (BWP), Enterprise Products Partners (EPD), Williams Partners (WPZ), and Enbridge Energy Partners (EEP) trade at forward distribution yields of 12.4%, 3.3%, 6.4%, 13.1%, and 10.3%, respectively.
MPLX’s forward yield is nearly 4% lower commardi 26 janvier 2016 |
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| 24hGold - Noodls |
| MPLX and MarkWest Announce Final Results of Note Exchange Offers and Consent Solicitations |
| FINDLAY, Ohio, and DENVER, Colorado Dec. 18, 2015 - MPLX LP (NYSE: MPLX) and MarkWest Energy Partners, L.P. (MarkWest) today announced the final results of the previously announced exchange offers (the 'Exchange Offers') for any and all of the $4.1 billion in aggregate principal amount of outstanding senior notes issued by MarkWest and MarkWest Energy Finance Corporation (the 'Existing MarkWest Notes') for (1) new senior notes issued by MPLX (the 'New MPLX Notes') and (2) cash, and related consevendredi 18 décembre 2015 |
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| 24hGold - PR Newswire |
| MPLX To Join The Alerian Energy Infrastructure Index |
| DALLAS, Nov. 30, 2015 /PRNewswire/ -- Alerian announced today that MPLX LP (MPLX) is expected to be added to the Alerian Energy Infrastructure Index (CME:AMEI) replacing MarkWest Energy Partners (MWE) in a special rebalancing.Special rebalancings are triggered by corporate actions that result in the termination of trading of an index constituent on a major US exchange. Such corporate actions include, but are not limited to, mergers, delistings, and bankruptcies. Pending unitholder approval, MWE lundi 30 novembre 2015 |
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| 24hGold - PR Newswire |
| MPLX To Join The Alerian MLP Infrastructure Index |
| DALLAS, Nov. 30, 2015 /PRNewswire/ -- Alerian announced today that MPLX LP (MPLX) is expected to be added to the Alerian MLP Infrastructure Index (NYSE:AMZI) replacing MarkWest Energy Partners (MWE) in a special rebalancing.Special rebalancings are triggered by corporate actions that result in the termination of trading of an index constituent on a major US exchange. Such corporate actions include, but are not limited to, mergers, delistings, and bankruptcies. Pending unitholder approval, MWE wilundi 30 novembre 2015 |
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| 24hGold - PR Newswire |
| NATURAL GAS MPLX To Join The Alerian Natural Gas MLP Index |
| DALLAS, Nov. 30, 2015 /PRNewswire/ -- Alerian announced today that MPLX LP (MPLX) is expected to be added to the Alerian Natural Gas MLP Index (ANGI) replacing MarkWest Energy Partners (MWE) in a special rebalancing.Special rebalancings are triggered by corporate actions that result in the termination of trading of an index constituent on a major US exchange. Such corporate actions include, but are not limited to, mergers, delistings, and bankruptcies. Pending unitholder approval, MWE will ceaselundi 30 novembre 2015 |
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| 24hGold - PR Newswire |
| Black Stone Minerals To Join The Alerian MLP Index And Alerian MLP Equal Weight Index |
| DALLAS, Nov. 30, 2015 /PRNewswire/ -- Alerian announced today that Black Stone Minerals (BSM) is expected to be added to the Alerian MLP Index (AMZ) and the Alerian MLP Equal Weight Index (CME:AMZE), replacing MarkWest Energy Partners (MWE) in a special rebalancing.Special rebalancings are triggered by corporate actions that result in the termination of trading of an index constituent on a major US exchange. Such corporate actions include, but are not limited to, mergers, delistings, and bankruplundi 30 novembre 2015 |
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| 24hGold - PR Newswire |
| Swank Capital and Cushing® Asset Management Announce a Potential Constituent Change to the Cushing® MLP High Income Index |
| DALLAS, Nov. 24, 2015 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce a potential interim change to The Cushing® MLP High Income Index (the "Index"). Index constituent MarkWest Energy Partners, L.P. (NYSE: MWE) previously entered into an Agreement and Plan of Merger with MPLX LP (NYSE: MPLX) wherein MWE would be acquired by MPLX, subject to the approval of MWE unitholders. A special meeting of the unitholders of MWE is scheduled for December 1, 2015, at 9:00 AM Mounmardi 24 novembre 2015 |
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| 24hGold - Noodls |
| Proxy Advisory Firms Glass Lewis and Egan-Jones Recommend that MarkWest Unitholders Vote “For” the Combination of MarkWest and MPLX |
| Unitholders Encouraged to Vote Now, Ahead of December 1, 2015 Meeting
DENVER--(BUSINESS WIRE)--Nov. 20, 2015--
MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) announced today
that Glass Lewis & Co., LLC (“Glass Lewis”), and Egan-Jones Proxy
Services (“Egan-Jones”), two independent proxy advisory firms, have
issued reports recommending that MarkWest unitholders vote “FOR” the
combination of MarkWest and MPLX (NYSE: MPLX). The recommendations of
Glass Lewis and Egan-Jones follow Institutiovendredi 20 novembre 2015 |
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| 24hGold - Yahoo |
| Targa Resources Consolidation May Improve Its Credit Profile |
| Targa Resources Partners, Targa Resources: A Guide to the Merger(Continued from Prior Part) NGLS-TRGP deal may reduce leverage
The consolidation of Targa Resources Partners (NGLS) and Targa Resources (TRGP) is expected to result in $400–$600 million of incremental cash-flow coverage. These funds could be used to reinvest in the business or reduce borrowings.
Since this is an equity-only transaction, no additional financing is required. This may help reduce Targa’s existing leverage over time asjeudi 19 novembre 2015 |
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| 24hGold - Noodls |
| MPLX LP Commences Exchange Offers and MarkWest Energy Partners, L.P. Commences Consent Solicitations |
| FINDLAY, Ohio, and DENVER, Nov. 19, 2015 - MPLX LP (NYSE: MPLX) and MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) today announced that, in connection with the anticipated combination of MPLX and MarkWest, MPLX has commenced offers to exchange (each an 'Exchange Offer' and collectively, the 'Exchange Offers') any and all outstanding notes issued by MarkWest and MarkWest Energy Finance Corporation as set forth in the table below (the 'Existing MarkWest Notes') for (1) up to $4,100,000,000 jeudi 19 novembre 2015 |
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| 24hGold - PR Newswire |
| John Fox Responds To Institutional Shareholder Services (ISS) Report On MarkWest And MPLX Merger; Believes Report Raises Important Concerns That Support His Arguments |
| DENVER, Nov. 19, 2015 /PRNewswire/ -- John M. Fox, the co-founder of MarkWest Hydrocarbon, and former CEO, Chairman and Director of MarkWest Energy GP, L.L.C., the general partner of MarkWest Energy Partners, L.P. ("MarkWest"), today responded to the recommendation made by Institutional Shareholder Services (ISS) on the proposed merger between MarkWest and MPLX LP ('MPLX'). He still believes this is fundamentally a bad deal and believes the report raises important concerns that support his argumjeudi 19 novembre 2015 |
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| 24hGold - Yahoo |
| OIL US Crude Oil Production Stays Flat, Imports Fall |
| EIA Reports Bearish Inventory: WTI Crude Oil Prices Fall(Continued from Prior Part) US crude oil production
The EIA (U.S. Energy Information Administration) estimates that US crude oil production remained flat at ~9.1 MMbpd (million barrels per day) in the week ended October 30, 2015, compared to the week ended October 23. This level is ~2% higher than last year’s level of ~8.9 MMbpd.
What does this mean?
The four-week average production of 9.1 MMbpd through the week ended October 30 was ~1.jeudi 5 novembre 2015 |
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| 24hGold - Yahoo |
| Edited Transcript of MWE earnings conference call or presentation 4-Nov-15 5:00pm GMT |
| DENVER Nov 4, 2015 (Thomson StreetEvents) -- Edited Transcript of MarkWest Energy Partners LP earnings conference call or presentation Wednesday, November 4, 2015 at 5:00:00pm GMTTEXT version of Transcript================================================================================Corporate Participants================================================================================ * Frank Semple MarkWest Energy Partners LP - Chairman, President & CEO==================================mercredi 4 novembre 2015 |
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| 24hGold - Yahoo |
| Enbridge Energy Partners Marginally Missed 3Q15 Revenue Estimates |
| Enbridge Energy Partners: How Did It Fare in 3Q15?(Continued from Prior Part) EEP missed 3Q15 revenue estimates
Enbridge Energy Partners’ (EEP) revenues of $1.3 billion in 3Q15 were 0.9% lower than analysts’ consensus estimates. The company has missed consensus revenue estimates in four out of the last ten quarters.
Enbridge Energy Partners’ 3Q15 revenues are 3.5% lower than its 2Q15 revenues and 35% lower compared to its 3Q14 revenues. Low energy commodity prices that have persisted since mid-mercredi 4 novembre 2015 |
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| 24hGold - PR Newswire |
| John Fox, Co-Founder Of MarkWest Hydrocarbon, Issues Open Letter To The Board Of Directors Of MarkWest Energy Opposing Proposed Merger With MPLX LP |
| DENVER, Nov. 4, 2015 /PRNewswire/ -- John M. Fox, the co-founder of MarkWest Hydrocarbon, former CEO, Chairman and Director of MarkWest Energy GP, L.L.C. ("MarkWest GP"), the general partner of MarkWest Energy Partners, L.P. ("MarkWest"), and beneficial owner of 1,361,774 MarkWest common units, today released the following open letter to the board of directors of MarkWest GP regarding the proposed merger with MPLX LP.
In the letter, Mr. Fox states that he intends to vote the common units benefimercredi 4 novembre 2015 |
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| 24hGold - Noodls |
| MarkWest Energy Partners Reports Third Quarter 2015 Financial Results |
| Reported DCF of $176.0 million and Adjusted EBITDA of $230.3 million
for the third quarter 2015
Increased quarterly distribution to 93 cents per common unit with a 96
percent distribution coverage
Received the first place ranking for Total Customer Satisfaction and
five other categories in EnergyPoint Research’s 2015 Oil & Gas
Midstream Services Customer Satisfaction Survey
Reported record total gas volumes of 5.8 Bcf/d for the third quarter
2015, an increase of 28 percent from the third qmercredi 4 novembre 2015 |
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| 24hGold - Yahoo |
| 6:24 am MarkWest Energy beats by $0.01, misses on revs; Special meeting for merger with MPLX is Dec 1 |
| 7:20 pm Charter Comm prices $2.5 bln of 5.750% senior unsecurednotes due 2026 (CHTR): 7:00 pm Halliburton announces pricing of offering of $7.5 bln ofsenior notes (HAL): The notes are being issued in five tranches: $1.25 billion of5-year notes bearing interest at a fixed rate of 2.70% per year andmaturing on November 15, 2020; $1.25 billion of 7-year notesbearing interest at a fixed rate of 3.375% per year and maturing onNovember 15, 2022; $2 billion of 10-year notes bearing interest ata fixed mercredi 4 novembre 2015 |
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| 24hGold - Yahoo |
| Midcoast Energy Partners: Top Gainer among Midstream MLPs |
| Midstream and Upstream MLP Gainers and Losers on November 2 Top gainers
Midcoast Energy Partners (MEP) was the top gainer among midstream MLPs at the end of trading on Monday, November 2. Its winning streak continued with a single-day gain of 6.2% yesterday.
Midcoast Energy Partners
Midcoast Energy Partners rose 23.6% in the last four trading sessions. It rose 15.5% since its earnings announcement on October 29, 2015. In its 3Q15 earning release, Midcoast Energy Partners declared a cash distmardi 3 novembre 2015 |
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| 24hGold - Yahoo |
| 10-Year Treasury and MLP Yields Converged Last Week |
| Key Energy MLP Indicators: Weekly Update(Continued from Prior Part) AMLP yields in the week
The Alerian MLP ETF (AMLP) was trading at a yield of 8.6% as last week wrapped up on October 30. The yield fell during the week from 8.9% at the end of the previous week. AMLP tracks the Alerian MLP Infrastructure Index (AMZI), a subset of the Alerian MLP Index (AMZ). Among the AMLP constituents, Williams Partners (WPZ), MarkWest Energy Partners (MWE), Tesoro Logistics (TLLP), DCP Midstream Partners (DPMmardi 3 novembre 2015 |
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| 24hGold - Yahoo |
| Can Enbridge Energy Partners Match Its 3Q15 Earnings Estimates |
| Why Are Enbridge Energy Partners’ 3Q15 Results Crucial?(Continued from Prior Part) Enbridge Energy Partners’ 3Q15 earnings estimates
Analysts expect that Enbridge Energy Partners’ (EEP) 3Q15 EBITDA will be more than triple the 2Q15 EBITDA and 18% higher than its 3Q14 EBITDA. Enbridge Energy Partners’ 2Q15 adjusted EBITDA was impacted by $247 million in a goodwill impairment charge recognized by Enbridge Energy Partners in that quarter.
EBITDA compared
The graph above compares consensus EBITDlundi 2 novembre 2015 |
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