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per share. It's just the language they use versus spelling it out for each Class of shares, some classes just have more voting rights per share, otherwise just treated the same as Class A (common shares)
(and WELCOME)
Magellan Midstream Partners (MMP) is upgraded to Outperform with a $59 target price at Credit Suisse after the MLP raised FY 2013 guidance. CS raises its FY 2014 EBITDA outlook in part to reflect the possibility of adding an additional 50 kb/day capacity, which would cost just $80M but would add ~$30M EBITDA. Raymond James also lifts its target price to $56 from $52.
8:34 AM Magellan Midstream (MMP): Q1 EPS of $0.51 beats by $0.03. Revenue of $432.4M misses by $80.8M.
Magellan Midstream Increases Quarterly Cash Distribution to 50.75 Cents
Thu April 25, 2013 9:14 AM | about: MMP
TULSA, Okla., April 25, 2013 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (MMP) has increased the partnership's quarterly cash distribution to 50.75 cents per unit for the period Jan. 1 through March 31, 2013, representing the 44th distribution increase since its initial public offering in 2001.
The first-quarter 2013 distribution is 21% higher than the first-quarter 2012 distribution of 42 cents per unit and represents a 2% increase over the fourth-quarter 2012 distribution of 50 cents.
The new distribution, which equates to $2.03 per unit on an annualized basis, will be paid May 15 to unitholders of record at the close of business on May 8.
This announcement is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership's distributions to foreign investors attributable to income that is effectively connected with a United States trade or business. Accordingly, the partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to more than 40% of the nation's refining capacity, and can store over 80 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.
Portions of this document may constitute forward-looking statements as defined by federal law. Although management believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission.
Contact:
Paula Farrell
(918) 574-7650
paula.farrell@magellanlp.com
12:48 PM Interest rates will rise sooner or later, but Credit Suisse looks at the rate-rising 2004-07 period and factors now in place to lead it to believe MLPs would outperform should rates rise again. CS still believes increased focus on crude oil infrastructure should drive performance, given the boom in North American production. Its three-to-five-year favorites:
9:53 AM Magellan Midstream Partners (MMP -0.3%) agrees to acquire ~800 miles of refined petroleum products pipeline from Plains All American Pipeline (PAA +0.3%) for $190M. MMP expects the acquisition to be immediately accretive to its distributable cash flow per unit.
Agreed & agreed!
NICE! The pps has done well, which made up for the 4% yield, which got pushed down to it from 4.5%. Nothing like having it fattened back up.
Magellan Midstream Partners LP which generates 85 percent of its cash flow from fees, is targeting distribution growth of 10 percent for 2013. I am bullish 2013.
Magellan Midstream Announces Open Season for Potential Crude Oil Distribution Originating from Galena Park, Texas
TULSA, Okla., Dec. 21, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has launched an open season to assess firm customer interest to transport crude oil originating from the partnership's Galena Park, Texas terminal. Interested customers must submit binding commitments by Jan. 21, 2013.
The potential project would include construction of new pipeline infrastructure capable of transporting crude oil from Magellan's Galena Park terminal to the partnership's Houston Gulf Coast crude oil distribution system for delivery to refineries in the Houston and Texas City area.
For customer inquiries regarding the open season, please contact Doug Copley at (918) 574-7708 or doug.copley@magellanlp.com. More information about the open season is available at http://www.magellanlp.com/tariffs.asp.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products. The partnership owns the longest refined petroleum products pipeline system in the country, with access to more than 40% of the nation's refining capacity, and can store 80 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.
Portions of this document may constitute forward-looking statements as defined by federal law. Although management believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission.
Contact:
Investors:
Media:
Paula Farrell
Bruce Heine
(918) 574-7650
(918) 574-7010
paula.farrell@magellanlp.com
bruce.heine@magellanlp.com
SOURCE Magellan Midstream Partners, L.P.
9:08 AM More on Magellan Midstream's (MMP) Q3 results: Distributable cash flow rose 7% to $100.7M vs. $94M in Q3 a year ago. Raises 2012 DCF guidance by $5M to ~$525M and remains committed to its goal of increasing cash distributions by 18% for 2012 and an additional 10% for 2013. Estimates net income per limited partner unit of $1.93 for 2012, resulting in Q4 guidance of $0.68.
8:13 AM Magellan Midstream Partners L.P. (MMP): Q3 EPS of $0.35 misses by $0.09. Revenue of $435.1M (+33.8% Y/Y) misses by $33M.
10:36 AM Barron's suggests three ways to play the dividend-rich MLP boom: Magellan Midstream (MMP) with a history of distribution growth and projects supporting future growth; Williams Partners (WPZ) among oversold MLPs exposed to lower NGL prices; and Williams Cos. (WMB) among general partners owning MLPs whose prices may not reflect rising distributions from underlying assets.
Magellan Midstream Announces Two-for-One Split of Limited Partner Units
Date : 08/30/2012 @ 9:10AM
Source : PR Newswire
Stock : Magellan Midstream Partners L.P. Limited Partnership (MMP)
Quote : 81.93 0.0 (0.00%) @ 9:11AM
Magellan Midstream Announces Two-for-One Split of Limited Partner Units
Magellan Midstream (NYSE:MMP)
Intraday Stock Chart
Today : Thursday 30 August 2012
Click Here for more Magellan Midstream Charts.
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that its board of directors has approved a two-for-one split of the partnership's limited partner units. Holders of record at the close of business on Sept. 28, 2012 will receive one additional limited partner unit for each unit owned on that date. The units will be distributed on Oct. 12, 2012.
"Magellan has grown immensely since our initial public offering in Feb. 2001, and our investors have benefited from that growth. We have increased our quarterly cash distribution 41 times, for a total distribution increase of 259%, and our unit price has risen more than seven-fold since that time," said Michael Mears, chief executive officer. "This unit split, the second in Magellan's history, reflects our confidence in the future growth of Magellan and enhances our liquidity by making our equity more accessible and affordable to a larger group of new investors."
Following the two-for-one split, the current annual cash distribution of $3.77 per unit will become $1.885 per unit, or 47.125 cents per unit on a quarterly basis, and 226.2 million limited partner units will be outstanding.
About Magellan Midstream Partners, L.P.Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products. The partnership owns the longest refined petroleum products pipeline system in the country, with access to more than 40% of the nation's refining capacity, and can store 80 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.
Forward-Looking Statement DisclaimerPortions of this document constitute forward-looking statements as defined by federal law. Although management believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Among the key risk factors that may have a direct impact on the partnership's results of operations and financial condition are: (1) its ability to identify growth projects or to complete identified projects on time and at expected costs; (2) price fluctuations and changes in demand for refined petroleum products, crude oil and natural gas liquids, or changes in demand for transportation or storage of those commodities through its existing or planned facilities; (3) changes in the partnership's tariff rates imposed by the Federal Energy Regulatory Commission, the United States Surface Transportation Board or state regulatory agencies; (4) shut-downs or cutbacks at major refineries, petrochemical plants, ammonia production facilities or other businesses that use or supply the partnership's services; (5) changes in the throughput or interruption in service on petroleum pipelines owned and operated by third parties and connected to the partnership's petroleum terminals or petroleum pipeline system; (6) the occurrence of an operational hazard or unforeseen interruption for which the partnership is not adequately insured; (7) the treatment of the partnership as a corporation for federal or state income tax purposes or if the partnership becomes subject to significant forms of other taxation; (8) an increase in the competition the partnership's operations encounter; (9) disruption in the debt and equity markets that negatively impacts the partnership's ability to finance its capital spending and (10) failure of customers to meet or continue contractual obligations to the partnership. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission, including the partnership's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2011 and subsequent reports on Forms 10-Q and 8-K. The partnership undertakes no obligation to revise its forward-looking statements to reflect events or circumstances occurring after today's date.
Contact:
Paula Farrell
(918) 574-7650
paula.farrell@magellanlp.com
SOURCE Magellan Midstream Partners, L.P.
Growing need for pipelines strains manufacturers
August 1, 2012
The shale oil boom has led to surging demand for new oil pipelines in the middle of the U.S., which manufacturers are finding difficulty keeping up with, according to Reuters.
Much of the current American oil pipeline infrastructure was constructed in relatively ad hoc projects that rarely required extensive manufacturing capacity.
As shale oil exploration begins to make producers out of states that previously had little impact on the oil industry, such as North Dakota and its Bakken shale play, pipeline companies have begun purchasing manufacturers for key components such as valves, driving up prices for other projects.
"New infrastructure is going to be critical to push these commodities around the country where they need to be," David Seaton, chairman and CEO of engineering company Fluor Corp., told Reuters. "It's going to be the lifeblood of economic growth for my lifetime."
In the meantime, Dow Jones Businesswire reports that the first major deal has been struck bringing Bakken shale oil down the Mississippi by barge, a method that is already common for Canadian oil sands.
PennEnergy's Research area projects the outlook for the U.S. oil pipeline industry.
definitely a nice bump up in divies.
8:53 AM Magellan Midstream Partners L.P. (MMP): Q2 EPS of $1.01 beats by $0.10. Revenue of $449M (+17.3% Y/Y) beats by $13M.
MMP Magellan Midstream Significantly Increases Quarterly Cash Distribution to 94.25 Cents
BY PR Newswire— 10:50 AM ET 07/26/2012
http://stockcharts.com/h-sc/ui?s=MMP
TULSA, Okla., July 26, 2012 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (MMP MMP MAGELLAN MIDSTREAM PARTNERS LP 76.91 Change +2.94 (+3.97%)AS OF 11:55 AM ET 07/26/12.) has significantly increased the partnership's quarterly cash distribution to 94.25 cents per unit for the period April 1 through June 30, 2012, representing the 41st distribution increase since its initial public offering in 2001.
The second-quarter 2012 distribution is 20% higher than the second-quarter 2011 distribution of 78.5 cents per unit and represents a 12% increase over the first-quarter 2012 distribution of 84 cents.
"Magellan is pleased to provide a larger-than-expected distribution payout to investors this quarter," said Michael Mears, chief executive officer. "Our base business and growth projects continue to generate considerably more cash flow than necessary to comfortably increase our annual distribution by more than the 9% growth initially targeted for 2012. Looking ahead, we are now targeting distributions for full-year 2012 that are 18% higher than 2011, with the goal of raising distributions an additional 10% for 2013 as our future results are expected to benefit from additional growth projects coming online."
The new distribution, which equates to $3.77 per unit on an annualized basis, will be paid Aug. 14 to unitholders of record at the close of business on Aug. 7.
This announcement is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership's distributions to foreign investors attributable to income that is effectively connected with a United States trade or business. Accordingly, the partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
About Magellan Midstream Partners, L.P. (MMP)
Magellan Midstream Partners, L.P. (MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products. The partnership owns the longest refined petroleum products pipeline system in the country, with access to more than 40% of the nation's refining capacity, and can store 80 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.
There's a few that do both oil and gas pipelines, always pays to diversify. Only companies cutting back on oil is the small guy who can't afford to lift at the $80s range.
Very smart for them imho.. Oil stocks are turning and they got a head start.
Wow, MAC, I hadn't been watching the pps. Magellan had attracted the divie hunters, wasn't expecting to see it rise to over $75. A lot of people seemed to assoc the pipelines with the fall in LNG prices, and other piplelines have not seen this kind of pps increase.
8:23 AM Magellan Midstream Partners L.P. (MMP): Q1 EPS of $0.83 misses by $0.09. Revenue of $443M (+11.4% Y/Y) misses by $24M. (PR) SEEKING ALPHA/MARKET CURRENTS
~ Wednesday! $MMP ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $MMP ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=MMP&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=MMP&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=MMP
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=MMP#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=MMP+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=MMP
Finviz: http://finviz.com/quote.ashx?t=MMP
~ BusyStock: http://busystock.com/i.php?s=MMP&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=MMP >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
<<< $MMP Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/MMP
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/MMP/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/MMP/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/MMP/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/MMP/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/MMP/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/MMP/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/MMP/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/MMP/research
Google Finance Summary ~ http://www.google.com/finance?q=MMP
Google Finance News ~ http://www.google.com/finance/company_news?q=MMP
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=MMP
Google Finance Financials ~ http://www.google.com/finance?q=MMP&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=MMP
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=MMP&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=MMP+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=MMP+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=MMP+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=MMP
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=MMP+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=MMP+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/MMP
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/MMP
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=MMP+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=MMP+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=MMP+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=MMP+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=MMP+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=MMP+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=MMP+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=MMP+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=MMP+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=MMP+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=MMP+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=MMP&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=MMP
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=MMP
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=MMP
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=MMP
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=MMP
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=MMP&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=MMP&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/MMP?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/MMP
Barchart Options Quotes ~ http://barchart.com/options/stocks/MMP
Barchart Technical Chart ~ http://barchart.com/charts/stocks/MMP&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/MMP&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/MMP
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=MMP
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/MMP
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/MMP
Barchart News Headlines ~ http://barchart.com/news/stocks/MMP
Barchart Profile ~ http://barchart.com/profile//MMP
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=MMP&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=MMP&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=MMP&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=MMP&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/MMP/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/MMP/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/MMP/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/MMP/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/MMP
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/MMP/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/MMP/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/MMP/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/MMP/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/MMP/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/MMP/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=MMP&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=MMP
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=MMP
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=MMP&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=MMP
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=MMP
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=MMP&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=MMP.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=MMP®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/MMP
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/MMP/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/MMP/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/MMP/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=MMP&selected=MMP
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=MMP&selected=MMP
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/MMP/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/MMP/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/MMP/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/MMP/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/MMP/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/MMP/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/MMP/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/MMP/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/MMP/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/MMP/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/MMP/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/MMP/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/MMP/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/MMP/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=MMP&selected=MMP
NASDAQ Financials ~ http://www.nasdaq.com/symbol/MMP/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/MMP/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/MMP/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/MMP/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/MMP/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/MMP/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/MMP/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/MMP/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/MMP.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/MMP/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/MMP/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/MMP/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/MMP/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/MMP/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/MMP/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=MMP
YCharts ~ http://ycharts.com/companies/MMP
YCharts Performance ~ http://ycharts.com/companies/MMP/performance
YCharts Dashboard ~ http://ycharts.com/companies/MMP/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=MMP&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=MMP&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=MMP&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=MMP
Zacks Quote ~ http://www.zacks.com/stock/quote/MMP
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=MMP
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=MMP
Knobias ~ http://knobias.10kwizard.com/files.php?sym=MMP
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=MMP
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/MMP/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=MMP&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=MMP®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=MMP®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=MMP®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=MMP®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=MMP®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=MMP
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=MMP
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=MMP&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=MMP&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=MMP
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=MMP&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=MMP
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=MMP
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=MMP
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=MMP
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=MMP
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=MMP
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=MMP
Investorpoint ~ http://www.investorpoint.com/ enter "MMP" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "MMP" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=MMP
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=MMP
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=MMP
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=MMP
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=MMP
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "MMP" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=MMP&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=MMP
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=MMP
Check those searches for recent MMP mentions. If MMP is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
Magellan Midstream Raises Quarterly Cash Distribution to 84 Cents
Magellan Midstream (NYSE:MMP)
TULSA, Okla., April 24, 2012 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 84 cents per unit for the period Jan. 1 through March 31, 2012, representing the 40th distribution increase since its initial public offering in 2001.
The first-quarter 2012 distribution is 9% higher than the first-quarter 2011 distribution of 77 cents per unit and represents a 3% increase over the fourth-quarter 2011 distribution of 81.5 cents.
The new distribution, which equates to $3.36 per unit on an annualized basis, will be paid May 15 to unitholders of record at the close of business on May 8.This announcement is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership's distributions to foreign investors attributable to income that is effectively connected with a United States trade or business. Accordingly, the partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
About Magellan Midstream Partners, L.P.Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products. The partnership owns the longest refined petroleum products pipeline system in the country, with access to more than 40% of the nation's refining capacity, and can store 80 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.
Contact:
Paula Farrell
(918) 574-7650
paula.farrell@magellanlp.com
SOURCE Magellan Midstream Partners, L.P.
Magellan Midstream Partners L. (MMP) (72.27 +0.25)
April 3 (Reuters) - Magellan Midstream Partners LP is considering further expansion of oil pipeline capacity from west Texas to the Gulf Coast in addition to projects already under way, Chairman and CEO Michael Mears said on Tuesday. "We're looking at further expansions from that market to the Gulf Coast," Mears told an analyst meeting. "We don't have anything to announce today. It's too early in the process." Magellan awaits permits and regulatory approvals for previously announced plans to reverse the Crane, Texas-to Houston portion of the Longhorn Pipeline system. The reversed segment is expected to start flowing 135,000 barrels per day in early 2013 and expand to 225,000 bpd by mid-2013. Mears said it appears that expected growth in Permian Basin oil production using new drilling techniques would support even further expansion. "Subsequent discussions with the (Thomson Reuters 12:33 PM ET 04/03/2012
Magellan Midstream Partners L. (MMP) (68.45 +0.24)
Feb 7 (Reuters) - Magellan Midstream Partners LP : * Magellan Midstream Partners qtrly total revenue $486.9 mln * Magellan Midstream Partners q4 shr $0.97 * Magellan Midstream Partners q4 shr view $0.96 -- thomson reuters i/b/e/s * Magellan Midstream Partners says currently expects to generate record dcf in 2012 of $480 million * Magellan Midstream Partners says targeting annual distribution growth of 9% for 2012.
~ $MMP ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $MMP ~ Earnings expected on Tuesday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=MMP&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=MMP&p=W&b=3&g=0&id=p54550695994
~ Barchart: http://barchart.com/quotes/stocks/MMP?
~ OTC Markets: http://www.otcmarkets.com/stock/MMP/company-info
~ Google Finance: http://www.google.com/finance?q=MMP
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=MMP#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=MMP+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=MMP
Finviz: http://finviz.com/quote.ashx?t=MMP
~ BusyStock: http://busystock.com/i.php?s=MMP&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=MMP&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=MMP
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=MMP
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=MMP
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=MMP
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=MMP
~ MarketWatch: http://www.marketwatch.com/investing/stock/MMP/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=MMP
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=MMP
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=MMP&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=MMP&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=MMP&size=l&frequency=60&color=g
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Magellan Midstream Partners (NYSE: MMP). Year after year it has delivered steady gains:
A Top 5 Income Stock for 2012
Just a few weeks ago, we released our newest piece of research -- The Top 5 Income Stocks for 2012.
These five high-yield stocks represent our favorite income ideas for the coming year, and they pay dividend yields of 7.0%... 8.8%... even 11.5%.
But there is one of these investments in particular I want to tell you about...
For years now we've seen the market rise one day, only to fall the next. Meanwhile, events considered to be "once in a generation" -- credit crises, sovereign debt downgrades, and bailouts -- are now happening with surprising frequency.
In short, the volatility has been unprecedented. But it doesn't take a PhD to know that. What's surprising, however, is how many dividend payers have not only held up in this environment... but have prospered. (I first told you about this phenomenon a couple of weeks ago.)
This includes one of our finds -- Stock #4 of our Top 5 Income Stocks for 2012. This stock has simply ignored the turmoil.
I doubt you even know this company exists, despite it being vital to your day-to-day life. It owns pipelines, terminals, and storage facilities throughout the United States. These infrastructure assets ship and store gasoline, diesel, crude oil, and jet fuel. More importantly, the company has a monopoly on these assets -- no one can simply come and build another pipeline to compete. That means its business is as steady as it gets.
In return for moving and storing these products, this company earns steady fees... that it then passes on to investors. Since going public in 2001, this company hasn't missed a dividend, and it has increased the payment more than 35 times.
And if you're worried about the ups and downs of the broader market, I don't know
Keep in mind this chart shows just MMP's share price. As I said, the company also pays a solid dividend. Right now the yield is about 5.0% based on quarterly distributions of $0.80 per share. In total, over the past decade MMP has returned 530% -- an annualized gain of 20%. For comparison, the S&P 500 is up just 3% annually.
Of course, with investing there's never a surefire thing. There's no quality a company can possess that will guarantee its success going forward.
But Magellan obviously has a history of beating the market year after year without wild swings. Moreover, the partnership has $575 million in expansion projects underway to improve and expand its pipeline network. So with a steadily growing business, solid dividend, and commitment to returning cash to investors, we believe 2012 is likely to register as another market-beating year for MMP.
DIVIDEND OPPORTUNITIES
Magellan Midstream Partners L. (MMP) (65.01 -0.32)
Jan 12 (Reuters) - Trading house Trafigura said it bought 600,000 barrels of storage at Corpus Christi as well as train and marine access to enable transportation of growing production of Eagle Ford Shale oil to refineries along the Gulf Coast and East Coast. Completion dates are nearing for several pipeline projects that will carry the accumulated crude from Cushing, Oklahoma, to Gulf coast refineries. Increased crude production from Canada and other mid-continental plays, like the Bakken, combined with a lack of access to the water have created record high stocks and depressed the price of U.S. benchmark West Texas Intermediate against other global crude grades. (Thomson Reuters 12:17 PM ET 01/12/2012)
Recommendation Source Return Profit on Every $10,000 Invested
Gilead Sciences Market Advisor +435.3% $43,530
Rio Tinto High-Yield International +257.4% $25,740
Brookfield Infrastructure The Daily Paycheck +86.0% $8,600
Magellan Midstream High-Yield Investing +141.9% $10,390
Boston Properties Market Advisor +370.4% $37,040
BGC Partners The Daily Paycheck +65.4% $6,540
Ambev High-Yield International +369.7% $36,970
Sawada Holdings Fast-Track Millionaire +148.4% $14,840
Olin Corp. Stock of the Month +58.o% $5,800
Sunoco Logistics High-Yield Investing +186.3% $18,630
Total $208,080
These stocks are some of our top performers in the 10 years since StreetAuthority was founded. Not every stock we recommend returns this much. But if you had invested in even just one of these winners you could have easily made back the cost of all our analysts' research -- and then some.
Copano Energy and Magellan Midstream Form Joint Venture to Deliver Eagle Ford Shale Condensate to Corpus Christi
Magellan Midstream (NYSE:MMP)
HOUSTON and TULSA, Okla., Dec. 20, 2011 /PRNewswire/ -- Copano Energy, L.L.C. (NASDAQ: CPNO) and Magellan Midstream Partners, L.P. (NYSE: MMP) announced today the formation of a joint venture to deliver Eagle Ford Shale condensate to Corpus Christi, Texas. The 50/50 joint venture, known as Double Eagle Pipeline LLC, will construct and own approximately 140 miles of new pipeline to connect an existing 50-mile pipeline segment owned by Copano to Karnes, Live Oak, McMullen and LaSalle Counties of Texas, enabling delivery of condensate to Magellan's terminal in Corpus Christi. The initial capacity of the pipeline will be 100,000 barrels per day. Double Eagle also will construct a new truck unloading facility along the pipeline near Three Rivers, Texas for deliveries of condensate destined for Corpus Christi.
The joint venture project is supported by long-term customer commitments from Talisman Energy USA Inc. and Statoil Marketing and Trading (US) Inc., major producers with significant acreage in the rich gas window of the Eagle Ford Shale. The expected cost of the new joint venture facilities is approximately $150 million and will be shared equally by Copano and Magellan. Copano will oversee construction of the new pipeline and serve as operator. The companies expect to provide limited services by the end of 2012, with full service available beginning in the first quarter of 2013.
"Magellan looks forward to joining forces with Copano for this project that provides significant strategic value for both parties and our customers," said Michael Mears, Magellan's president and chief executive officer. "Combined, we are able to provide an attractive option for shippers to deliver petrochemical quality Eagle Ford condensate for use in Corpus Christi or higher-valued Texas markets via Magellan's marine capabilities."
"This project represents the next logical step in Copano's strategy of offering a full set of midstream services to Eagle Ford Shale producers and we look forward to working with Magellan on this opportunity," said R. Bruce Northcutt, Copano's president and chief executive officer. "By combining Copano's pipeline assets with access to Magellan's terminal at Corpus Christi, the joint venture will be able to leverage existing infrastructure and provide producers timely access to market alternatives at very competitive rates. The joint venture will continue to look for ways to expand the project and capture other condensate and oil-related growth opportunities in the Eagle Ford Shale play."
In connection with the joint venture, Copano will convert its existing 50-mile pipeline from natural gas to condensate service, and Magellan will make enhancements to its Corpus Christi terminal, including the construction of 500,000 barrels of new dedicated condensate storage and a new dedicated dock delivery pipeline.
For commercial inquiries about the condensate projects, please contact Rob Schaefer of Copano at (713) 737-9588, rob.schaefer@copano.com or Aaron Milford of Magellan at (918) 574-7023, aaron.milford@magellanlp.com.
About Copano Energy, L.L.C. and Magellan Midstream Partners, L.P.
Copano Energy, L.L.C. (NASDAQ: CPNO) is a midstream natural gas company with operations in Texas, Oklahoma, Wyoming and Louisiana. Its assets include approximately 6,400 miles of active natural gas gathering and transmission pipelines, 340 miles of NGL pipelines and 10 natural gas processing plants, with more than 1 billion cubic feet per day of combined processing capacity and 44,000 barrels per day of fractionation capacity. More information is available at http://www.copanoenergy.com.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products, such as gasoline and diesel fuel, and crude oil. The partnership's primary assets include: the longest petroleum products pipeline system in the continental United States at 9,600 miles, which can access more than 40% of the country's refining capacity and imports, as well as more than 80 petroleum terminals with over 75 million barrels of storage. More information is available at http://www.magellanlp.com.
Portions of this document constitute forward-looking statements as defined by federal law. Although management of Copano Energy, L.L.C. and Magellan Midstream Partners, L.P. believe any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Among the key risk factors associated with the project that may have a direct impact on the partnerships' results of operations and financial condition are: (1) their ability to obtain all required permits and regulatory approvals on time; (2) their ability to complete construction of the project on time and at expected costs; (3) price fluctuations and overall demand for crude oil and condensate; (4) changes in the joint venture's tariff rates or other terms imposed by state or federal regulatory agencies; (5) the occurrence of an operational hazard or unforeseen interruption for which the partnerships or joint venture are not adequately insured; (6) disruption in the debt and equity markets that negatively impacts the partnerships' abilities to finance capital spending and (7) failure of customers to meet or continue contractual obligations to the partnerships or the joint venture. Additional information about issues that could lead to material changes in performance is contained in the Securities and Exchange Commission filings for both partnerships. The partnerships undertake no obligation to revise these forward-looking statements to reflect events or circumstances occurring after today's date.
Contacts:
Copano:
Carl Luna, Investor Relations (713) 737-9191, carl.luna@copano.com
Jack Lascar, Media Relations (713) 529-6600, jlascar@drg-l.com
Magellan:
Paula Farrell, Investor Relations (918) 574-7650, paula.farrell@magellanlp.com
Bruce Heine, Media Relations (918) 574-7010, bruce.heine@magellanlp.com
SOURCE Magellan Midstream Partners, L.P.; Copano Energy, L.L.C.
Magellan Midstream Partners L. (MMP) (65.24 +0.06)
Dec 14 (Reuters) - Kinder Morgan will build, own and operate a facility to process condensate from the Eagle Ford Shale formation at its facility in Galena Park, Texas on the Houston Ship Channel. Eagle Ford condensate and crude will travel down a Kinder Morgan pipeline comprised of 70 miles of new pipeline and 113 miles of converted natural gas pipeline. The pipeline is expected to be on line by the second quarter of 2012. Completion dates are nearing for several pipeline projects aimed at carrying the accumulated crude from Cushing Oklahoma to Gulf coast refineries. Increased crude production from Canada and other mid-continental plays like the Bakken combined with lack of access to the water have created record high stocks and depressed the price of U.S. benchmark West Texas Intermediate against other global crude grades. (Thomson Reuters 04:31 PM ET 12/14/2011
Magellan Midstream Partners L. (MMP) (64.79 -0.02)
Dec 12 (Reuters) - Crews on Monday were working to repair two Magellan Midstream Partners LP refined products pipelines in rural Nebraska that a third-party bulldozer ruptured over the weekend, a spokesman said. Bruce Heine said the company's initial reports to regulators said about 6,000 barrels of gasoline and diesel fuel were released when the lines, each carrying one of the fuels, were damaged on Saturday by a bulldozer not working for Magellan. Cleanup began on Saturday and repairs started on Sunday, he said. Heine said it was too early to speculate on supply impacts at Magellan's three terminals in Nebraska, but the shutdown was "pretty much" isolated to that area. (Reporting by Kristen Hays; Editing by Dale Hudson)((kristen.hays@thomsonreuters.com; +1 713-210-8538; Reuters Messaging: kristen.hays.reuters.com@reuters.net)) Keywords: PIPELINE (Thomson Reuters 02:04 PM ET 12/12/2011 More...)
Key Gas Indicators Suggest
Another Midstream Push
by Dr. Kent Moors
Dear Oil & Energy Investor,
Volatility is not just about the direction of prices, or the frequency of market ups or downs.
It also manifests itself in ways you simply won't see on page 1 of the Wall Street Journal.
Take, for example, an intriguing situation in today's natural gas sector...
Every week, Baker Hughes Inc. (NYSE: BHI) releases a rig count, tallying the total number of rigs used in the extraction of both oil and natural gas here in the United States.
And after analyzing the numbers for the week ending Friday, December 9, what I found was surprising.
The company's weekly rig count indicated a decline of drilling rigs for gas wells.
However, the same report indicated a rise in rigs being used in oil fields.
The gas-rig-usage figure declined by 36 for the week and stands 128 below the count for this week in 2010. In contrast, oil rigs increased 29 for the week and is up approximately 50% (1,132 versus 763) over the same week last year.
Now such a decline in gas well drilling, coming off similar weakening numbers over the past month, seems to indicate that the market has concerns over too much gas supply coming on line too quickly.
With prices in gas futures contracts deflating - despite colder winter months approaching - the balance of supplies in the system becomes an important consideration.
This market sentiment, of course, is a result of the rapid acceleration in unconventional gas drilling, especially in shale basins such as the Marcellus, Fayetteville, and Barnett. And the continued emphasis on shale continues to be observed in the rig figures.
Last week, horizontal rig usage (used for both gas and oil shale wells, as well as some conventional applications) declined by five. However, the figure was still up by more than 19% -- 185 more rigs in use - compared to the same period a year ago.
Turn That Rig (Back) On
The transferred emphasis to oil (and the recently higher market prices) has prompted an increasing reliance on recommissioning already depleted wells back into service. The number of workover rigs in use (meaning those employed to upgrade existing wells back into service) continues to climb.This would appear to indicate a decreasing reliance on new gas drillings, as well as a return to crude oil.
Well, that is not as simple a conclusion as it would seem.
For one thing, the number of gas wells drilled over the last 18 months has been nothing short of staggering. The volume already flowing into the network has been increasing available gas for each of the last two years.
In fact, there is so much extractable shale gas that the overall amount available to the market could increase by 25% per year over the next few years.
And that would impact prices.
The average shale gas well is providing most of its volume in the first 12 to 24 months. Therefore, as demand increases (and it is, especially in the usage of gas to power electricity generation), the number of operating wells will have to rise in the near future.
So, the decline in drilling appears to be a temporary thing.
However, something else is happening that has improved the profitability expectations for a specific segment of the gas sector...
A Boost to Midstream Operations
Again, the "midstream" is where services exist between the fields where the gas is produced (upstream) and the primary processing, treatment, distribution and sales (downstream).
And as demand (especially industrial) rises, a shortfall is developing rather quickly......
MMP is cleaning up a pipeline leak in Nebraska today after a bulldozer not employed OR associated by MMP, damaged the pipeline.
BullMarket.com Publishes 2012 High-Yield Stock Special Report
Magellan Midstream (NYSE:MMP)
Today : Monday 5 December 2011
BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, announced today that it has published a 69-page special report on high-yield stocks. The report includes nine top selections for 2012 and features over 60 stocks in total, including Exterann Partners (Nasdaq: EXLP), Hatteras Financial (NYSE: HTS), Pengrowth Energy (NYSE: PGH), Pioneer SouthWest (NYSE: PSE), and Magellan Midstream (NYSE: MMP), among many others.
Since its first high yield report published in November 2008, BullMarket.com's annual high yield selections have generated a 3-year cumulative return of 135.6%, greatly outpacing the 45.2% return of the S&P over the same period.
As a subscriber, you'll also gain access to our Recommended List of stocks, which was up over 20% in 2010, up 40% in 2009, and outperformed the S&P by 15% in 2008. The Recommended List is also outperforming the S&P this year as well.
All trial subscribers will also receive our recently published special report "Nine Must-Own Income Stocks For 2012" for free. This 69-page report gives an in-depth examination of nine high-yielding stock picks, while also examining approximately 50 other high-yield stocks. The report digs into each pick's dividend history, business activities, strengths, weaknesses, latest earnings report, and much more.
Past winners featured in the report include Baytex (up 114%), Regal Entertainment (up 92%), and HCP (up 89%) in 2009; TICC (up 96%), StoneMor (up 73%), B&G Foods (up 53%), and Enterprise Products Partners (up 52%) in 2010; and Philip Morris (up 25%) in 2011.
Tank up on U.S. Oil & Gas pipelines, says Fund
http://www.reuters.com/article/2011/11/17/masterlimitedpartnerships-idUSL3E7MB26V20111117
The Easiest Income Strategy for This Market CARLA PASTERNAK'S DIVIDEND OPPORTUNITIES 15 NOV 11
Looking for a steady direction in these markets? Forget it.
One day the news is great. Europe inked a deal, the U.S. economy is growing, and jobs are being added. The Dow Jones Industrial Average edges toward its largest monthly percentage gain in a quarter-century. Investors cheer the news and rotate with a vengeance into stocks, no longer seeking the relative safety of U.S. Treasuries.
But the euphoria is short-lived. The next day, stocks fall and Treasuries soar. Questions about the Eurozone deal and the agonizingly slow economic recovery in the U.S. weigh on investors.
That's the bad news.
The good news is that even in this market dividend payers are proving themselves as one of the best places to invest. Many of the more conservative income securities are even seeing new highs. For instance, Magellan Midstream (NYSE: MMP) sits within two dollars of its 52-week high.
Magellan Midstream Partners L. (MMP) (63.02 +0.20)
Nov 2 (Reuters) - Magellan Midstream Partners cut the estimated cost of reversing the Houston-to-El Paso Longhorn pipeline, making it more viable to ship crude from West Texas to refineries along the U.S. Gulf Coast. The company estimates it will cost about $245 million to reverse the pipeline, a $30 million reduction from earlier estimates for the 135,000 barrels-per-day line that will carry crude to Houston. "We have the most direct and cost-efficient system to carry crude from the Permian to Houston," Magellan CEO Mike Mears told Reuters in an interview. Mears said his Tulsa, Oklahoma-based company strategically converts or reverses existing lines, instead of building new assets, to attract more customers. It found the latest savings by using an existing pipeline between Odessa and Crane, Texas for transporting refined products instead of building a new one. Magellan does not have commitments for the full 135,000 bpd capacity of the (Thomson Reuters 06:01 PM ET 11/02/2011
Magellan Midstream Partners L. (MMP) (63.02 +0.20)
Nov 3 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Mastercard and Cognizant Technology, on Thursday. Following are some of the highlights. * Mastercard Inc : Barclays, JP Morgan, 5 others raise price target * Cognizant : BMO, Nomura raise price target * EOG Resources : Jefferies cuts price target; RBC, Barclays up target * Qualcomm : FBR, RBC, Citi raise Qualcomm price targets Following is a summary of research actions on U.S. companies reported by Reuters on Thursday. Stock entries are in alphabetical order. * Activision Blizzard Inc : Wedbush raises price target to $19 from $16 * Adobe Systems Inc : Citigroup raises price target to $35 from $30 * Advanced Energy Industries : Thinkequity cuts (Thomson Reuters 03:53 PM ET 11/03/2011
Magellan Midstream Produces Record Quarterly Financial Results, Driven by Higher Performance by All Segments
Magellan Midstream to Expand Houston-Area Crude Oil Pipeline Distribution System
Magellan Midstream (NYSE:MMP)
Today : Tuesday 1 November 2011
Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it is further expanding its crude oil pipeline distribution capabilities in the Houston area to deliver domestic crude oil and condensate transported via third-party pipeline systems from the Eagle Ford Shale production area directly to local refineries. The project includes the construction of a 6-mile, 24-inch diameter crude oil pipeline between the pipeline interchanges of Genoa Junction and Speed Junction, which will connect to the 24-inch diameter crude oil pipeline along the Houston Ship Channel that was previously announced as part of the partnership's Houston-to-El Paso pipeline reversal project, allowing Magellan to further distribute product to the Houston-area refineries.
"Magellan's crude oil infrastructure is strategically positioned to be the last leg distribution conduit to the Houston and Texas City refinery gate for growing domestic crude oil and condensate production," said Michael Mears, chief executive officer. "Together with our recently-announced capital investment to transport crude oil from West Texas to the Houston market, Magellan will be able to access and distribute crude oil and condensate from both the Eagle Ford Shale and Permian Basin formations, providing Houston and Texas City refineries with direct access to new domestic production."
This project, which is supported by a long-term customer commitment, is expected to be operational by the end of 2012.
The partnership also is pursuing opportunities to provide outbound waterborne capabilities and connections to third-party pipelines that can transport crude oil and condensate to additional markets.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products, such as gasoline and diesel fuel, and crude oil. The partnership's primary assets include: the longest petroleum products pipeline system in the continental United States at 9,600 miles, which can access more than 40% of the country's refining capacity and imports, as well as more than 80 petroleum terminals with over 75 million barrels of storage. More information is available at http://www.magellanlp.com.
Portions of this document constitute forward-looking statements as defined by federal law. Although management believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Among the key risk factors associated with the project that may have a direct impact on the partnership's results of operations and financial condition are: (1) its ability to obtain all required permits and regulatory approvals on time; (2) its ability to complete construction of the project on time and at expected costs; (3) price fluctuations for refined petroleum products and crude oil; (4) overall demand for refined petroleum products and crude oil in the United States; (5) changes in the partnership's tariff rates implemented by the Federal Energy Regulatory Commission, the United States Surface Transportation Board and state regulatory agencies; (6) shut-downs or cutbacks at major refineries or other businesses that use or supply the partnership's services; (7) the occurrence of an operational hazard or unforeseen interruption for which the partnership is not adequately insured; (8) disruption in the debt and equity markets that negatively impacts the partnership's ability to finance its capital spending and (9) failure of customers to meet or continue contractual obligations to the partnership. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission. The partnership undertakes no obligation to revise its forward-looking statements to reflect events or circumstances occurring after today's date.
Contact:
Investors:
Media:
Paula Farrell
Bruce Heine
(918) 574-7650
(918) 574-7010
paula.farrell@magellanlp.com
bruce.heine@magellanlp.com
SOURCE Magellan Midstream Partners, L.P.
FITCH: CREDIT DEFAULT SWAPS WIDENED OIL &GAS SEASONABILITY BY 48%
http://uk.reuters.com/article/2011/11/01/idUKWLA822120111101
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TULSA, Okla. - Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $250 million of its 4.25% senior notes due 2021. The notes, which are additional notes of the series originally issued on Aug. 11, 2010, were priced at 104.094% to yield 3.731% to maturity. The partnership intends to use the net proceeds from this offering of approximately $259 million, after the underwriting discount, estimated offering expenses and accrued interest, to repay all of the borrowings outstanding under its revolving credit facility and for general partnership purposes, including investments in capital expenditures and interest bearing securities or accounts.
BofA Merrill Lynch, J.P. Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities are joint book-running managers for the debt offering, with Citigroup, Deutsche Bank Securities, Mitsubishi UFJ Securities and SMBC Nikko acting as co-managing underwriters. The offering is expected to close on Aug. 24, 2011.
When available, a copy of the final prospectus supplement and related base prospectus associated with the senior notes offering may be obtained from the Securities and Exchange Commission's website at www.sec.gov or from any of the underwriters, including:
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement.
About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products, such as gasoline and diesel fuel, and crude oil. The partnership's primary assets include: the longest petroleum products pipeline system in the continental United States at 9,600 miles, which can access more than 40% of the country's refining capacity and imports, as well as more than 80 petroleum terminals with over 75 million barrels of storage.
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