Partnerships, Agreements, Expanded Contracts, and Upcoming Earnings Results - Analyst Notes on Valero, Enbridge Partners, Kinder Morgan, Monsanto and Targa Resources
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NEW YORK, June 24, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Valero Energy Corporation (NYSE: VLO), Enbridge Energy Partners, L.P. (NYSE: EEP), Kinder Morgan Inc (NYSE: KMI), Monsanto Company (NYSE: MON) and Targa Resources Corp (NYSE: TRGP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4036-100free.
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Valero Energy Corporation Analyst Notes
On June 13, 2014, Valero Energy Corporation (Valero) reported that the Company and its participating Valero-branded locations, are partnering with Paramount Pictures for a "Rumble with Bumblebee™" sweepstakes to give Transformers fans a chance to win a new 2014 Camaro as the Grand Prize, and for one first-prize winner, a private hometown screening of "Transformers: Age of Extinction", opening on June 27, 2014. According to the Company, by registering for the sweepstakes, participants can also win a $10 Valero fuel card, and by collecting pieces to build their own Bumblebee and Optimus Prime® Transformers, they can play daily for a chance to win a hometown screening of the film. Gary Arthur, Senior Vice President of Wholesale Marketing at Valero said, "We are excited to partner with such a phenomenal movie, 'Transformers: Age of Extinction.' With fans of all ages, Transformers is a great fit for Valero consumers." The full analyst notes on Valero are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/VLO/report.pdf
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Enbridge Energy Partners, L.P. Analyst Notes
On June 19, 2014, Enbridge Energy Partners, L.P. (Enbridge Partners) announced its new Purchase and Sale Agreement with Midcoast Energy Partners, L.P. to sell an additional 12.6% interest in its subsidiary, Midcoast Operating, L.P. for $350 million in cash proceeds, with the expected date of closing of July 1, 2014. Mark Maki, President of Enbridge Partners said, "Enbridge Partners is pleased to announce the first post initial public offering ("IPO") drop-down of additional interests in our jointly owned natural gas and NGL midstream business to Midcoast Partners. EEP's drop-down plans for MEP are pivotal components of EEP's funding program. The proceeds from this and prospective drop-downs are important sources of equity capital for Enbridge Partners as we execute on our multi-billion dollar liquids pipelines organic growth program." The full analyst notes on Enbridge Partners are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/EEP/report.pdf
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Kinder Morgan Inc Analyst Notes
On June 16, 2014, Kinder Morgan Inc (Kinder Morgan) reported that its subsidiary Kinder Morgan Energy Partners, L.P. (KMP) announced the expansion of its contract with General Dynamics NASSCO for the design and construction of an additional 50,000 deadweight ton LNG-conversion-ready product tanker with a 330,000-barrel cargo capacity, with scheduled start date of construction in Q4 2015 and delivery slated for Q2 2017. Kinder Morgan stated that the new tanker will be constructed as a sister tanker to the four Jones Act tankers that KMP has under construction at the NASSCO shipyard in San Diego. The full analyst notes on Kinder Morgan are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/KMI/report.pdf
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Monsanto Company Analyst Notes
On June 18, 2014, Monsanto Company (Monsanto) announced that it will hold a conference call on Wednesday, June 25, 2014, at 8:30 a.m. CT (9:30 a.m. ET), in conjunction with the announcement of its financial results for Q3 FY 2014, which will be released before the market opens. The Company stated that the call will focus on the results, future expectations, and may include a discussion of Monsanto's strategic initiatives, product performance, and other Company business matters. Monsanto added that the slides related to the presentation and a simultaneous audio webcast of the call can be accessed through its website, where a replay of the webcast will also be accessible for three weeks following the call. The full analyst notes on Monsanto are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/MON/report.pdf
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Targa Resources Corp Analyst Notes
On June 19, 2014, Targa Resources Corp (Targa Resources) and Targa Resources Partners LP announced that the previous engagement of the two companies in high level preliminary discussions regarding a possible business combination with Energy Transfer Equity, L.P. and some of its affiliates have been terminated. Targa Resources stated that there are no assurances whether or not the discussions could resume or whether any agreement could be entered into in the future. The full analyst notes on Targa Resources are available to download free of charge at:
http://www.analystsreview.com/Jun-24-2014/TRGP/report.pdf
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