On Friday, HollyFrontier Corp (NYSE:HFC)’s shares declined -1.17% to $46.42.
HollyFrontier Corporation (HFC) and Holly Energy Partners, L.P. (HEP) (“Holly Energy”) declared a contract in principle for the acquisition by Holly Energy of the newly constructed naphtha fractionation and hydrogen generation units at HollyFrontier’s El Dorado refinery. Holly Energy is predictable to pay HollyFrontier cash consideration of about $62.0 million, subject to the execution of definitive agreements and other customary closing conditions. Both HollyFrontier and Holly Energy expect the projected transaction will close during the fourth quarter of 2015.
In connection with the closing of the projected transaction, HollyFrontier and Holly Energy expect to enter into 15-year tolling agreements containing minimum quarterly throughput commitments from HollyFrontier. Holly Energy anticipates that the transaction will be right away accretive to unitholders.
HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates in two segments, Refining and HEP. It produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt.
Time Warner Inc (NYSE:TWX)’s shares dropped -0.98% to $70.01.
Time Warner Inc. (TWX) declared that its Chairman & Chief Executive Officer Jeff Bewkes will take part in the Goldman Sachs 24th Annual Communacopia Conference on Wednesday, September 16, 2015, in New York, NY.
Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment owns and operates a portfolio of cable television netoperates and related properties that offer entertainment, sports, kids, and news programming on television and digital platforms for consumers.
At the end of Friday’s trade, Medical Properties Trust, Inc. (NYSE:MPW)‘s shares dipped -3.10% to $10.95.
Medical Properties Trust, Inc. (the “Company” or “MPT”) (MPW) recently declared that the formerly revealed acquisition of Capella Holdings, Inc. (“Capella”) has been accomplished. Capella Health Holdings LLC, an associate of MPT jointly owned with current Capella administration, closed the acquisition and began operating the Capella facilities on Monday, August 31.
Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers. The company also provides mortgage loans to healthcare operators, in addition to working capital and other term loans to its tenants/borrowers.
Newfield Exploration Co. (NYSE:NFX), ended its Friday’s trading session with 0.18% gain, and closed at $33.21.
Newfield Exploration Company (NFX) is planned to present at the following events:
Barclays Capital CEO Energy-Power Conference *
8:25 a.m. (Eastern), September 10, 2015
UBS Houston Energy Bus-less Tour *
11:15 a.m. (Central), September 17, 2015
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company’s primary areas of operation comprise the Mid-Continent, Rocky Mountains, and onshore Gulf Coast regions in the United States. It also holds offshore oil developments in China. As of December 31, 2014, the company had proved reserves of 645 million barrels of oil equivalent. Newfield Exploration Company was founded in 1988 and is headquartered in The Woodlands, Texas.
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