Volume Alert - QEP 25.55 Qep Resources $QEP Hit a high today of 25.59 Closing the day 11/06/14 at 25.55 +1.11 +4.54% With a day low of 24.25 and a total volume of 7,330,514.
QEP Recent Posts: http://investorshangout.com/Qep-Resources-QEP-52456/
QEP Qep Resources Recent Headline News
QEP Resources Q3 Earnings Beat on High Production & Price - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Nov 06, 3:00PM CST
QEP Resources Inc. (QEP) reported strong third-quarter 2014 results on the back of higher natural gas equivalent price and production.
PZE: 6.22 (-0.16), STR: 24.20 (-0.17), BAK: 14.22 (-0.34), QEP: 25.55 (+1.11)
QEP Resources (QEP) Earnings Report: Q3 2014 Conference Call Transcript
at The Street - Thu Nov 06, 12:35PM CST
The following QEP Resources (QEP) conference call took place on November 6, 2014, 09:00 AM ET. This is a transcript of that earnings call:
QEP: 25.55 (+1.11)
Early Briefing on Oil and Gas Exploration and Production Stocks - Swift Energy, QEP Resources, Enerplus, Emerald Oil, and Memorial Production Partners
PR Newswire - Thu Nov 06, 7:55AM CST
Investor-Edge has initiated coverage on the following equities: Swift Energy Company (NYSE: SFY), QEP Resources Inc. (NYSE: QEP), Enerplus Corporation (NYSE: ERF), Emerald Oil Inc. (NYSE MKT: EOX), and Memorial Production Partners L.P. (NASDAQ: MEMP). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Wednesday, November 05, 2014, mostly ended on a higher note as the Dow Jones Industrial Average finished at 17,484.53, up 0.58% and the NASDAQ Composite closed at 4,620.72, down 0.06%. The S&P 500 finished the session 0.57% higher at 2,023.57. During the trading session, nine out of ten sectors finished on a positive note. The S&P 500 Energy Sector Index ended the day at 628.79, up 1.75%, whereas the index has lost 9.39% in the previous three months. Register for your complimentary reports on these five stocks at:
MEMP: 16.80 (-0.84), ERF: 13.31 (-0.09), QEP: 25.55 (+1.11), SFY: 7.14 (+0.56), EOX: 2.72 (-0.05)
QEP Resources tops Street 3Q forecasts
Automated Insights - Wed Nov 05, 3:39PM CST
DENVER (AP) _ QEP Resources Inc. (QEP) on Wednesday reported net income of $171.1 million in its third quarter.
QEP: 25.55 (+1.11)
QEP Resources Reports Third Quarter 2014 Financial and Operating Results
Business Wire - Wed Nov 05, 3:15PM CST
--Delivered record quarterly Adjusted EBITDA
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
QEP Midstream Partners Reports Third Quarter 2014 Financial And Operating Results
PR Newswire - Wed Nov 05, 3:15PM CST
QEP Midstream Partners, LP (NYSE: QEPM) ("QEPM" or the "Partnership"
today reported third quarter 2014 financial and operating results. The Partnership reported net income of $13.7 million, or $0.25 per limited partner unit (on a diluted basis). The Partnership generated Adjusted EBITDA (a non-GAAP measure) of $23.6 million and distributable cash flow (a non-GAAP measure) of $18.6 million for the third quarter 2014, which represents 113% coverage of the third quarter 2014 distribution of $16.4 million. Please see the definitions of non-GAAP measures and the reconciliation to the most comparable measures calculated in accordance with GAAP in the "Non-GAAP Financial Measures" section of this press release.
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
QEP Resources, Inc. Declares Quarterly Cash Dividend
Business Wire - Tue Nov 04, 4:00PM CST
QEP Resources, Inc. (NYSE: QEP), a leading independent natural gas and crude oil exploration and production company, today announced that its Board of Directors approved a quarterly cash dividend of $0.02 per share of common stock, payable on December 5, 2014, to shareholders of record on November 14, 2014.
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
Will Commodity Prices Pull Down QEP Resources Q3 Earnings? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Nov 04, 3:20PM CST
Independent energy company QEP Resources Inc. (QEP) is set to release its third-quarter 2014 results after the closing bell on Wednesday, Nov 5.
STR: 24.20 (-0.17), QEP: 25.55 (+1.11), ETE: 59.79 (+1.39), MUSA: 59.01 (+1.52)
Shares of QEP Down 26.4% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Fri Oct 31, 9:46AM CDT
SmarTrend identified a Downtrend for QEP Resources (NYSE:QEP) on September 10th, 2014 at $32.33. In approximately 2 months, QEP Resources has returned 26.38% as of today's recent price of $23.80.
QEP: 25.55 (+1.11)
Williams Cos. Sweetens Terms for MLPs' $50 Billion Merger
at The Street - Mon Oct 27, 10:43AM CDT
The deal moves the gas company closer to a pure play general partner holding company.
KMI: 38.53 (+0.43), QEP: 25.55 (+1.11), ATLS: 35.84 (-0.99), OILT: 44.03 (-0.63), APL: 34.00 (-1.05), ACMP: 61.70 (+0.07), NGLS: 58.47 (-0.87), TRGP: 118.42 (-1.55), WMB: 54.71 (+0.14), TLLP: 56.93 (+0.90), WPZ: 51.76 (+0.13), EPD: 36.57 (-0.14)
QEP Resources Has Returned 24.9% Since SmarTrend Recommendation (QEP)
Comtex SmarTrend(R) - Fri Oct 24, 9:16AM CDT
SmarTrend identified a Downtrend for QEP Resources (NYSE:QEP) on September 10th, 2014 at $32.33. In approximately 1 month, QEP Resources has returned 24.93% as of today's recent price of $24.27.
QEP: 25.55 (+1.11)
QEP Midstream Partners, LP Announces Quarterly Distribution
PR Newswire - Thu Oct 23, 5:00AM CDT
QEP Midstream Partners, LP (NYSE: QEPM) ("QEPM" or the "Partnership" today announced that the Board of Directors of the General Partner of the Partnership declared a cash distribution of $0.30 per unit for the third quarter of 2014. The quarterly distribution will be paid on November 14, 2014, to unitholders of record as of the close of business on November 4, 2014.
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
Tesoro Logistics LP Announces Pricing of $1.3 Billion of Senior Notes
Thomson Reuters ONE - Wed Oct 22, 5:00PM CDT
SAN ANTONIO - October 22, 2014 - Tesoro Logistics LP (NYSE: TLLP) (the "Partnership" or "TLLP" today announced that it, together with its wholly-owned subsidiary Tesoro Logistics Finance Corp., has finalized the terms of its previously announced senior notes offering. The Partnership will issue $500 million aggregate principal amount of 5.50% Senior Notes due 2019 (the "2019 Notes" and $800 million aggregate principal amount of 6.25% Senior Notes due 2022 (the "2022 Notes" . The Partnership anticipates that consummation of the offering, which is subject to customary closing conditions, will occur on October 29, 2014. The Partnership intends to use the net proceeds from the 2019 Notes to repay amounts outstanding under its existing revolving credit facility and for general partnership purposes. The Partnership intends to fund the gross proceeds from the offering of the 2022 Notes into escrow, which upon release, will be used, together with the portion of the proceeds from the offering of the 2019 Notes that was to be used for general partnership purposes, the proceeds from a substantially concurrent equity offering by TLLP (including an investment by Tesoro Corporation in such offering), the proceeds from borrowings under TLLP's amended and restated revolving credit facility and the proceeds from a contribution to TLLP equity by its general partner, to fund the consummation of the Partnership's announced acquisition of QEP Field Services, LLC from QEP Resources, Inc. and the payment of related fees and expenses. If the conditions to the release of the funds from escrow are not satisfied on or prior to a special mandatory redemption date of December 31, 2014 (subject to monthly extensions until February 28, 2015), the 2022 Notes will be subject to a special mandatory redemption at a redemption price of 100% of the initial issue price of the 2022 Notes, plus accrued and unpaid interest to, but excluding, the redemption date.
QEP: 25.55 (+1.11), TLLP: 56.93 (+0.90)
The Zacks Analyst Blog Highlights:Chesapeake Energy, QEP Resources, Royal Dutch Shell, Baker Hughes and Halliburton
PR Newswire - Wed Oct 22, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Chesapeake Energy Corp. (NYSE:CHK-Free Report), QEP Resources Inc. (NYSE:QEP-Free Report), Royal Dutch Shell plc (NYSE:RDS.A-Free Report), Baker Hughes Inc. (NYSE:BHI-Free Report) and Halliburton Co. (NYSE:HAL-Free Report).
QEP: 25.55 (+1.11), BHI: 51.49 (+0.14)
QEP Resources Announces Third Quarter 2014 Financial and Operational Results Release Date and Conference Call
Business Wire - Tue Oct 21, 5:00PM CDT
QEP Resources, Inc. (NYSE: QEP) today announced that it will host a teleconference and webcast to discuss its third quarter 2014 results beginning at 9:00 a.m. ET (7:00 a.m. MT) on Thursday, November 6, 2014. QEP will issue a combined third quarter financial and operations press release Wednesday, November 5, 2014 after the market closes.
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
Oil & Gas Stock Roundup: Chesapeake Sells Assets, QEP Resources Offloads Gas Pipelines - Analyst Blog
Nilanjan Choudhury - Zacks Investment Research - Tue Oct 21, 9:28AM CDT
It was a week where Chesapeake Energy Corp. (CHK) unloaded certain assets in West Virginia for $5.4 billion, while QEP Resources Inc. (QEP) sold its gas pipelines in a $2.5 billion deal.
RDS.A: 69.46 (+0.23), QEP: 25.55 (+1.11), CHK: 22.76 (unch), HAL: 53.17 (+0.80), MRO: 34.34 (+0.77), SLB: 96.98 (+0.34), BHI: 51.49 (+0.14)
Stock Market News for October 21, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Tue Oct 21, 9:10AM CDT
Dismal earnings result from IBM offset benchmarks’ gains yesterday, which nonetheless finished in the green
DHI: 22.94 (+0.43), QEPM: 14.99 (-0.11), HAS: 58.12 (+0.27), LEN: 43.92 (+1.19), QEP: 25.55 (+1.11), TSO: 72.72 (+0.30), IBM: 161.46 (-0.36), GCI: 31.02 (+0.43), PHM: 19.60 (+0.40), HAL: 53.17 (+0.80), TLLP: 56.93 (+0.90), TOL: 31.96 (+0.56), FDS: 133.46 (+0.73)
QEP Resources to Sell Pipeline Assets to Tesoro Logistics - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Oct 20, 6:06PM CDT
QEP Resources, Inc. (QEP) announced that it has entered into a deal with Tesoro Logistics LP (TLLP) to sell its natural gas gathering and processing subsidiary, QEP Field Services Company.
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11), TSO: 72.72 (+0.30), TLLP: 56.93 (+0.90)
Tesoro Logistics LP Prices Public Offering of 20,000,000 Common Units
Thomson Reuters ONE - Mon Oct 20, 5:11PM CDT
SAN ANTONIO - October 20, 2014 - Tesoro Logistics LP (NYSE: TLLP) (the "Partnership" or "TLLP" today announced that it has priced its previously announced underwritten public offering of 20,000,000 common units representing limited partner interests in the Partnership at $57.47 per common unit. The offering was upsized from the previously announced public offering of 19,350,000 common units. In connection with the offering, the Partnership has granted the underwriters a 30-day over-allotment option to purchase up to an additional 3,000,000 common units. This offering is expected to close on or about October 24, 2014 subject to customary closing conditions.
QEP: 25.55 (+1.11), TLLP: 56.93 (+0.90)
After Yesterday's Rally of 4.27% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Mon Oct 20, 4:22PM CDT
QEP Resources (NYSE:QEP) traded in a range yesterday that spanned from a low of $23.64 to a high of $25.34. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $24.15 on volume of 8.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
QEP: 25.55 (+1.11)
QEP Recent Posts: http://investorshangout.com/Qep-Resources-QEP-52456/
QEP Qep Resources Recent Headline News
QEP Resources Q3 Earnings Beat on High Production & Price - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Nov 06, 3:00PM CST
QEP Resources Inc. (QEP) reported strong third-quarter 2014 results on the back of higher natural gas equivalent price and production.
PZE: 6.22 (-0.16), STR: 24.20 (-0.17), BAK: 14.22 (-0.34), QEP: 25.55 (+1.11)
QEP Resources (QEP) Earnings Report: Q3 2014 Conference Call Transcript
at The Street - Thu Nov 06, 12:35PM CST
The following QEP Resources (QEP) conference call took place on November 6, 2014, 09:00 AM ET. This is a transcript of that earnings call:
QEP: 25.55 (+1.11)
Early Briefing on Oil and Gas Exploration and Production Stocks - Swift Energy, QEP Resources, Enerplus, Emerald Oil, and Memorial Production Partners
PR Newswire - Thu Nov 06, 7:55AM CST
Investor-Edge has initiated coverage on the following equities: Swift Energy Company (NYSE: SFY), QEP Resources Inc. (NYSE: QEP), Enerplus Corporation (NYSE: ERF), Emerald Oil Inc. (NYSE MKT: EOX), and Memorial Production Partners L.P. (NASDAQ: MEMP). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Wednesday, November 05, 2014, mostly ended on a higher note as the Dow Jones Industrial Average finished at 17,484.53, up 0.58% and the NASDAQ Composite closed at 4,620.72, down 0.06%. The S&P 500 finished the session 0.57% higher at 2,023.57. During the trading session, nine out of ten sectors finished on a positive note. The S&P 500 Energy Sector Index ended the day at 628.79, up 1.75%, whereas the index has lost 9.39% in the previous three months. Register for your complimentary reports on these five stocks at:
MEMP: 16.80 (-0.84), ERF: 13.31 (-0.09), QEP: 25.55 (+1.11), SFY: 7.14 (+0.56), EOX: 2.72 (-0.05)
QEP Resources tops Street 3Q forecasts
Automated Insights - Wed Nov 05, 3:39PM CST
DENVER (AP) _ QEP Resources Inc. (QEP) on Wednesday reported net income of $171.1 million in its third quarter.
QEP: 25.55 (+1.11)
QEP Resources Reports Third Quarter 2014 Financial and Operating Results
Business Wire - Wed Nov 05, 3:15PM CST
--Delivered record quarterly Adjusted EBITDA
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
QEP Midstream Partners Reports Third Quarter 2014 Financial And Operating Results
PR Newswire - Wed Nov 05, 3:15PM CST
QEP Midstream Partners, LP (NYSE: QEPM) ("QEPM" or the "Partnership"
today reported third quarter 2014 financial and operating results. The Partnership reported net income of $13.7 million, or $0.25 per limited partner unit (on a diluted basis). The Partnership generated Adjusted EBITDA (a non-GAAP measure) of $23.6 million and distributable cash flow (a non-GAAP measure) of $18.6 million for the third quarter 2014, which represents 113% coverage of the third quarter 2014 distribution of $16.4 million. Please see the definitions of non-GAAP measures and the reconciliation to the most comparable measures calculated in accordance with GAAP in the "Non-GAAP Financial Measures" section of this press release. QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
QEP Resources, Inc. Declares Quarterly Cash Dividend
Business Wire - Tue Nov 04, 4:00PM CST
QEP Resources, Inc. (NYSE: QEP), a leading independent natural gas and crude oil exploration and production company, today announced that its Board of Directors approved a quarterly cash dividend of $0.02 per share of common stock, payable on December 5, 2014, to shareholders of record on November 14, 2014.
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
Will Commodity Prices Pull Down QEP Resources Q3 Earnings? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Nov 04, 3:20PM CST
Independent energy company QEP Resources Inc. (QEP) is set to release its third-quarter 2014 results after the closing bell on Wednesday, Nov 5.
STR: 24.20 (-0.17), QEP: 25.55 (+1.11), ETE: 59.79 (+1.39), MUSA: 59.01 (+1.52)
Shares of QEP Down 26.4% Since Downtrend Call on Shares
Comtex SmarTrend(R) - Fri Oct 31, 9:46AM CDT
SmarTrend identified a Downtrend for QEP Resources (NYSE:QEP) on September 10th, 2014 at $32.33. In approximately 2 months, QEP Resources has returned 26.38% as of today's recent price of $23.80.
QEP: 25.55 (+1.11)
Williams Cos. Sweetens Terms for MLPs' $50 Billion Merger
at The Street - Mon Oct 27, 10:43AM CDT
The deal moves the gas company closer to a pure play general partner holding company.
KMI: 38.53 (+0.43), QEP: 25.55 (+1.11), ATLS: 35.84 (-0.99), OILT: 44.03 (-0.63), APL: 34.00 (-1.05), ACMP: 61.70 (+0.07), NGLS: 58.47 (-0.87), TRGP: 118.42 (-1.55), WMB: 54.71 (+0.14), TLLP: 56.93 (+0.90), WPZ: 51.76 (+0.13), EPD: 36.57 (-0.14)
QEP Resources Has Returned 24.9% Since SmarTrend Recommendation (QEP)
Comtex SmarTrend(R) - Fri Oct 24, 9:16AM CDT
SmarTrend identified a Downtrend for QEP Resources (NYSE:QEP) on September 10th, 2014 at $32.33. In approximately 1 month, QEP Resources has returned 24.93% as of today's recent price of $24.27.
QEP: 25.55 (+1.11)
QEP Midstream Partners, LP Announces Quarterly Distribution
PR Newswire - Thu Oct 23, 5:00AM CDT
QEP Midstream Partners, LP (NYSE: QEPM) ("QEPM" or the "Partnership"
today announced that the Board of Directors of the General Partner of the Partnership declared a cash distribution of $0.30 per unit for the third quarter of 2014. The quarterly distribution will be paid on November 14, 2014, to unitholders of record as of the close of business on November 4, 2014. QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
Tesoro Logistics LP Announces Pricing of $1.3 Billion of Senior Notes
Thomson Reuters ONE - Wed Oct 22, 5:00PM CDT
SAN ANTONIO - October 22, 2014 - Tesoro Logistics LP (NYSE: TLLP) (the "Partnership" or "TLLP"
today announced that it, together with its wholly-owned subsidiary Tesoro Logistics Finance Corp., has finalized the terms of its previously announced senior notes offering. The Partnership will issue $500 million aggregate principal amount of 5.50% Senior Notes due 2019 (the "2019 Notes" and $800 million aggregate principal amount of 6.25% Senior Notes due 2022 (the "2022 Notes" . The Partnership anticipates that consummation of the offering, which is subject to customary closing conditions, will occur on October 29, 2014. The Partnership intends to use the net proceeds from the 2019 Notes to repay amounts outstanding under its existing revolving credit facility and for general partnership purposes. The Partnership intends to fund the gross proceeds from the offering of the 2022 Notes into escrow, which upon release, will be used, together with the portion of the proceeds from the offering of the 2019 Notes that was to be used for general partnership purposes, the proceeds from a substantially concurrent equity offering by TLLP (including an investment by Tesoro Corporation in such offering), the proceeds from borrowings under TLLP's amended and restated revolving credit facility and the proceeds from a contribution to TLLP equity by its general partner, to fund the consummation of the Partnership's announced acquisition of QEP Field Services, LLC from QEP Resources, Inc. and the payment of related fees and expenses. If the conditions to the release of the funds from escrow are not satisfied on or prior to a special mandatory redemption date of December 31, 2014 (subject to monthly extensions until February 28, 2015), the 2022 Notes will be subject to a special mandatory redemption at a redemption price of 100% of the initial issue price of the 2022 Notes, plus accrued and unpaid interest to, but excluding, the redemption date. QEP: 25.55 (+1.11), TLLP: 56.93 (+0.90)
The Zacks Analyst Blog Highlights:Chesapeake Energy, QEP Resources, Royal Dutch Shell, Baker Hughes and Halliburton
PR Newswire - Wed Oct 22, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Chesapeake Energy Corp. (NYSE:CHK-Free Report), QEP Resources Inc. (NYSE:QEP-Free Report), Royal Dutch Shell plc (NYSE:RDS.A-Free Report), Baker Hughes Inc. (NYSE:BHI-Free Report) and Halliburton Co. (NYSE:HAL-Free Report).
QEP: 25.55 (+1.11), BHI: 51.49 (+0.14)
QEP Resources Announces Third Quarter 2014 Financial and Operational Results Release Date and Conference Call
Business Wire - Tue Oct 21, 5:00PM CDT
QEP Resources, Inc. (NYSE: QEP) today announced that it will host a teleconference and webcast to discuss its third quarter 2014 results beginning at 9:00 a.m. ET (7:00 a.m. MT) on Thursday, November 6, 2014. QEP will issue a combined third quarter financial and operations press release Wednesday, November 5, 2014 after the market closes.
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11)
Oil & Gas Stock Roundup: Chesapeake Sells Assets, QEP Resources Offloads Gas Pipelines - Analyst Blog
Nilanjan Choudhury - Zacks Investment Research - Tue Oct 21, 9:28AM CDT
It was a week where Chesapeake Energy Corp. (CHK) unloaded certain assets in West Virginia for $5.4 billion, while QEP Resources Inc. (QEP) sold its gas pipelines in a $2.5 billion deal.
RDS.A: 69.46 (+0.23), QEP: 25.55 (+1.11), CHK: 22.76 (unch), HAL: 53.17 (+0.80), MRO: 34.34 (+0.77), SLB: 96.98 (+0.34), BHI: 51.49 (+0.14)
Stock Market News for October 21, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Tue Oct 21, 9:10AM CDT
Dismal earnings result from IBM offset benchmarks’ gains yesterday, which nonetheless finished in the green
DHI: 22.94 (+0.43), QEPM: 14.99 (-0.11), HAS: 58.12 (+0.27), LEN: 43.92 (+1.19), QEP: 25.55 (+1.11), TSO: 72.72 (+0.30), IBM: 161.46 (-0.36), GCI: 31.02 (+0.43), PHM: 19.60 (+0.40), HAL: 53.17 (+0.80), TLLP: 56.93 (+0.90), TOL: 31.96 (+0.56), FDS: 133.46 (+0.73)
QEP Resources to Sell Pipeline Assets to Tesoro Logistics - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Oct 20, 6:06PM CDT
QEP Resources, Inc. (QEP) announced that it has entered into a deal with Tesoro Logistics LP (TLLP) to sell its natural gas gathering and processing subsidiary, QEP Field Services Company.
QEPM: 14.99 (-0.11), QEP: 25.55 (+1.11), TSO: 72.72 (+0.30), TLLP: 56.93 (+0.90)
Tesoro Logistics LP Prices Public Offering of 20,000,000 Common Units
Thomson Reuters ONE - Mon Oct 20, 5:11PM CDT
SAN ANTONIO - October 20, 2014 - Tesoro Logistics LP (NYSE: TLLP) (the "Partnership" or "TLLP"
today announced that it has priced its previously announced underwritten public offering of 20,000,000 common units representing limited partner interests in the Partnership at $57.47 per common unit. The offering was upsized from the previously announced public offering of 19,350,000 common units. In connection with the offering, the Partnership has granted the underwriters a 30-day over-allotment option to purchase up to an additional 3,000,000 common units. This offering is expected to close on or about October 24, 2014 subject to customary closing conditions. QEP: 25.55 (+1.11), TLLP: 56.93 (+0.90)
After Yesterday's Rally of 4.27% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Mon Oct 20, 4:22PM CDT
QEP Resources (NYSE:QEP) traded in a range yesterday that spanned from a low of $23.64 to a high of $25.34. Yesterday, the shares gained 4.3%, which took the trading range above the 3-day high of $24.15 on volume of 8.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
QEP: 25.55 (+1.11)
