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Energy Transfer Equity

Two more pipeline deals as U.S. shale production booms

Pipeline operators Regency Energy Partners LP and Crestwood Midstream Partners LP announced plans to buy peers to expand their pipe networks as infrastructure companies seek bigger stakes in the U.S. shale oil and gas boom.Regency Energy, controlled by billionaire Kelcy Warren's Energy Transfer Equity LP, agreed to buy PVR Partners LP for about $3.8 billion. Crestwood Midstream is buying privately held Arrow Midstream Holdings for $750 million.Burgeoning production has left the United States awash in cheap oil and gas but a shortage of pipelines has put a premium on the infrastructure that moves production to refining hubs.Pipeline companies have also been attracting investors as they are mostly structured as master limited partnerships (MLPs). They pay virtually no corporate taxes and have a lower cost of capital, giving them the opportunity to hunt for less attractively valued assets."It's a seller's market for MLP-qualifying assets. The market's desire for MLP-qualifying assets is e...

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  1. Utilities Sector Wrap

    The S&P 500 lost 0.3% while the Utilities sector (XLU) showed little movement during trading today.Cadiz (NASDAQ:CDZI) was a major gainer in the sector, rising 7% (+...

  2. Utilities Sector Wrap

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  3. Warner Chilcott, Monster Beverage Among Stocks Up on High Volume Monday

    Here are stocks that are up on high volume:Trading with a volume of 10.4 million, or 2.8 times its average daily volume, Warner Chilcott (NASDAQ:WCRX) is up on high ...

  4. Energy Transfer Partners To Buy Sunoco In $5.3 Billion Deal

    Energy Transfer Partners L.P. (ETP) agreed to acquire independent refiner Sunoco Inc. (SUN) in a $5.3 billion deal that would greatly expand the reach of Energy Tran...

  5. Energy Transfer Partners to Buy Sunoco for $5.3B

    Sunoco (NYSE:SUN) inked a $5.3 billion takeover on Monday from pipeline operator Energy Transfer Partners (NYSE:ETE) that values the independent refiner at a 22.5% p...

  6. Utilities Sector Wrap

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  7. Plains All American Withdraws Hostile Bid For SemGroup

    Plains withdraws $1 billion bid for rival pipeline and oil storage company-SemGroup had adopted "poison pill" strategy against bid-Takeover attempt was latest in bus...

  8. Energy Transfer Partners 4Q Profit Slips 8.9%; ETE Net Up 13%

    DOW JONES NEWSWIRESEnergy Transfer Partners LP's (ETP) fourth-quarter profit fell 8.9% as mild winter weather dragged on the natural-gas pipeline operator's propane ...

  9. Bernanke Remarks Sap Traders' Glee, Stocks Fall

    FOX Business: The Power to ProsperStocks shed morning gains and sunk into the red Thursday after Federal Reserve Chairman Ben Bernanke told lawmakers the central ban...

  10. WSJ: Twitter Privately Raising Hundreds of Millions of Dollars

    FBN’s Adam Shapiro on reports Twitter is raising money in a new round of financing.

  11. Energy Transfer Reaches $8.9B Deal With Southern Union

    Energy Transfer Equity (NYSE:ETE) raised its offer for Southern Union (NYSE:SUG) to $8.9 billion in stock and cash, thwarting rival bidder Williams Cos. (NYSE:WMB).T...

  12. Immucor to Be Acquired by TPG Capital for $2B

    FBN's Diane Macedo on Energy Transfer Equity raising its bid for Southern Union and Immucor Inc. agreeing to be acquired by TPG Capital for nearly $2B.

  1. Former Credit Suisse exec to earn $45 million stock bonus in new role

    May 14 (PFI) - The former head of investment banking for EMEA at Credit Suisse will receive a stock bonus worth about US$45 million in today's terms from his new emp...

  2. Three Market-Based ETFs Trouncing SPY

    Heading into the start of trading Wednesday, the SPDR S&P 500 (NYSE:SPY) was up 10.6 percent year-to-date, including paid dividends. That sounds pretty good and it i...

  3. Energy Transfer Partners Buys Energy Transfer Equity Unit Stake

    Energy Transfer Partners LP (ETP) agreed to acquire Energy Transfer Equity LP's (ETE) stake in ETP Holdco Corp. through a $3.75 billion cash and stock deal that will...

  4. Regency Energy Agrees to Buy Southern Union for $1.5 Billion

    Regency Energy Partners LP (RGP) has agreed to buy Southern Union Gathering Co. from Energy Transfer Equity L.P. (ETE) and Energy Transfer Partners L.P. (ETP) for $1...

  5. Laclede Paying $1 Bln For Two Utility Firms

    The Laclede Group Inc. said Monday it'll buy Missouri Gas Energy and New England Gas Co. from Energy Transfer Equity L.P. and Energy Transfer Partners LP in a deal v...

  6. Utilities Sector Wrap

    The Utilities sector (XLU) held steady on a trading day that saw S&P 500 drop 0.7%.The ETF, as a proxy for the sector, tracked closer to the overall market today tha...

  7. Utilities Sector Wrap

    While the S&P 500 grew 0.8%, the Utilities sector (XLU) showed little movement during trading today.The ETF, as a proxy for the sector, tracked closer to the overall...

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