Noble Energy sites weak markets Houston-based Noble Energy (ticker: NBL) announced today that it will postpone an IPO of its wholly owned subsidiary Noble Midstream Partners, which the company planned to list on the New York Stock Exchange with the ticker NBLX. According to Noble, the company made the decision “as a result of unfavorable equity market conditions.” Noble said
Noble plans to form an MLP out of its midstream assets in the DJ Basin Houston-based Noble Energy (ticker: NBL) announced today that its wholly owned subsidiary Noble Midstream Partners has filed with the U.S. Securities and Exchange Commission (SEC) to perform an initial public offering of common units for a master limited partnership formed from the company’s DJ Basin
CONSOL Energy offers IPO on coal assets CONSOL Energy (ticker: CNX) announced today that it will offer 10 million common units as part of an initial public offering in CNX Coal Resources LP, which is expected to list on the NYSE as CNXC, according to a company press release. The underwriters of the offering will have a 30-day option to
The Ontario Premier says the province is considering selling a stake in the provincial electricity transmission and distribution company Kathleen Wynne, Premier of Ontario, said today that the province is considering whether to sell a stake in Hydro One Inc., the province’s electricity transmission and distribution company. A provincial advisory panel is continuing to explore the option of offering a
Columbia Pipeline Partners (ticker: CPPL) began trading on the New York Stock Exchange today following its spin-off from NiSource Partners (ticker: NI). Under terms of the spin-off, CPPL is transferred NI’s pipeline and storage assets, while NI retains ownership of its natural gas and electric utilities. The company priced 46,811,398 common units at $23.00 per unit, above the initial estimate
Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the ticker RMP. Rice was a privately held company less than one year ago and now has two entities listed on
In August, James Baker of Simmons & Company said Royal Dutch Shell’s (ticker: RDS.B) public offering of its midstream segment would be a “sea change event.” It did not disappoint. Bloomberg reports it was the best trading debut by an energy company in 2014. Shell Midstream Partners, L.P., trading on the New York Stock Exchange under the ticker SHLX, debuted
In case you missed it, Alibaba Group (ticker: BABA), the China-based e-commerce group, commenced the world’s largest initial public offering (IPO) today. Its release was delayed hours due to demand imbalances before finally reaching the market. The end result: $22 billion raised in capital, the largest IPO in history, beating out Visa’s six year old record. Oil and gas companies
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