Suncor Energy Inc, Canada's second-largest energy producer, reported a quar...
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Blackstone agrees to buy majority stake in Tallgrass Energy for about $3.3 billion in cashBlackstone Group L.P. said Thursday its Blackstone Infrastructure Partners unit has agreed to acquire a majority stake in Tallgrass Energy LP for about $3.3 billion in cash. Affiiates of the Singaporean sovereign wealth fund GIC will be a minority investor in the deal, which is expected to close in the first quarter. "This transaction represents a rare opportunity to invest in a large-scale U.S. midstream infrastructure platform that connects high-production supply basins to key markets and is underpinned by long-term contracts," Sean Klimczak, global head of infrastructure at Blackstone said in a statement. Blackstone shares were not yet active premarket, but have fallen 9.3% in the last 12 months, while the S&P 500 has fallen 5.1%.
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Analysis | The Energy 202: Polar vortex tests gas and electric systems in Midwest, Mid-AtlanticAnalysis: Polar vortex tests gas and electric systems in Midwest, Mid-Atlantic
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Blackstone to take controlling stake in Tallgrass Energy for $3.3 billionU.S. private equity firm Blackstone Group LP said on Thursday it would buy a con...
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Wild weather: Energy traders scramble to cope with arctic blast's abrupt endThe Weather Co.'s Daniel Leonard predicts the polar vortex's days are numbered.
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Energy just had its best month in years, and one stock could rally even harderThe energy trade is burning up. One energy name in particular piques this technician's interest, and it's about to report earnings.
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Drill, China, drill: State majors step on the gas after Xi calls for energy securityChina's state energy giants are set to raise spending on domestic drilling ...
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