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Occidental's shares rose about 4% on the news, having lost over 30% in value since the $38-billion offer for Anadarko was made public on April 24, 2019. Occidental is working to pare $40 billion ...
Image source: Getty Images. Despite the companies being in better financial shape today than under the old MLP model, the stocks trade at a discount to the 13.7 multiple that midstream MLPs traded ...
Western appears on track to reach its leverage (net debt/adjusted EBITDA) goal of 3 times by year end, at which point it could pay out excess (special or variable) distributions above its current ...
In June 2006, the company acquired Western Gas Resources in a $5.3 billion cash transaction. [13] In August 2006, the company acquired Kerr-McGee for $16 billion in cash. [14] [15] In January 2007, the company sold assets in West Texas for $1 billion. [16] In February 2007, the company sold assets in Oklahoma and Texas for $860 million. [17]
Hess Midstream is a fee-based, growth-oriented midstream company that owns, operates, and develops diverse midstream assets. This is the limited partnership midstream arm of one of the country’s ...
The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors.
Kinder Morgan has let investors down multiple times, but these two high-yield alternatives have been reliable through thick and thin.
Lighter Side. Medicare. new