Transmontaigne Inc

Type: Company
Name: Transmontaigne Inc
Nationality: United States
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Commodities Trading At Banks: Going, Going, Gone?

While on a visit to the commodities unit of a major investment bank in New York roughly seven years ago, one was enveloped by a sense of exuberance on the trading floor. No less than three executives claimed their institution was among the “few banks” ... [Published Forbes.com - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Barron's: NGL Energy offers growth, yield via a range of steady businesses

12:45 ET | About: NGL Energy Partners LP (NGL)NGL Energy Partners (NGL +0.9%) is higher after a favorable Barron's profile describes NGL as "different than the traditional MLP pipeline player."Some of NGL's assets "might not have the same cachet" as other ... [Published Seeking Alpha - Jul 25 2014]
First reported Jul 14 2014 - Updated Jul 14 2014 - 1 reports

TransMontaigne Partners Confirms Receipt Of Proposal From NGL Energy Partners

TransMontaigne Partners L.P. (TLP: Quote) confirmed that it received a proposal from NGL Energy Partners LP (NGL: Quote) to acquire all the outstanding common units of TransMontaigne Partners L.P.Last week, NGL Energy Partners LP said that it submitted ... [Published RTTNews.com - Jul 14 2014]
First reported Jul 12 2014 - Updated Jul 12 2014 - 1 reports

Oklahoma business briefs for July 12

Oklahoma briefsNGL Energy proposes mergerTULSA — NGL Energy Partners LP is looking to combine operations with its latest acquisition. CEO Michael Kimbrill sent a letter Thursday to the conflicts committee of TransMontaigne GP LLC’s board proposing a unit-for-unit ... [Published NewsOK.com - Jul 12 2014]
First reported Jul 10 2014 - Updated Jul 11 2014 - 4 reports

Sector Update: Energy Stocks Falling; NGL Energy Partners Proposes $570 Mln Stock Swap for Remaining TransMontaigne Stake

CVX -1.38%COP -1.12%SLB -1.05%OXY +0.18%Energy stocks were mostly lower, with the NYSE Energy Sector Index sinking about 0.3% while shares of energy companies in the S&P 500 were down almost 0.9% as a group. Crude oil for August delivery was down $1.59 ... [Published Nasdaq - Jul 11 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

Morgan Stanley Buys Deutche Bank's Commodities Trading Biz

In order to boost its commodities trading business, Morgan Stanley ( MS ) has taken over the bulk commodities trading books of Deutsche Bank AG ( DB ), per a Reuters report. This comes on the heels of the legal troubles currently hounding the physical ... [Published Yahoo! Finance - Jul 07 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

NGL Energy Partners acquires TransMontaigne from Morgan Stanley

NGL Energy Partners LP has acquired TransMontaigne, Inc., an oil storage, marketing and transportation company, from Morgan Stanley on a debt-free basis for a cash consideration of $200 million. All the companies are based in the US.The consideration ... [Published Individual.com - Jul 07 2014]
First reported Jul 04 2014 - Updated Jul 04 2014 - 1 reports

Energy briefs for July 4, 2014

PLUGGING INNGL Energy acquires stakeTULSA — NGL Energy Partners LP has completed its acquisition of Morgan Stanley’s stake in affiliate TransMontaigne Partners LP, a Denver-based terminaling and transportation company. NGL Energy paid $200 in cash for ... [Published NewsOK.com - Jul 04 2014]
First reported Jul 03 2014 - Updated Jul 03 2014 - 1 reports

Morgan Stanley Completes Sale of TransMontaigne Stake

Morgan Stanley ( MS ) recently closed the divestiture of its 100% indirect ownership interest in TransMontaigne Inc. to NGL Energy Partners LP ( NGL ) for nearly $547 million. NGL Energy Partners is a Tulsa, OK-based company dealing in propane business, ... [Published Yahoo! Finance - Jul 03 2014]
First reported Jul 02 2014 - Updated Jul 03 2014 - 8 reports

Morgan Stanley Completes Sale of TransMontaigne to NGL Energy Partners

TransMontaigne Inc. is the indirect parent and sole member of TransMontaigne GP LLC, which is the sole general partner of TransMontaigne Partners LP.The sale included Morgan Stanley's limited partnership interests in TLP and the assignment from an affiliate ... [Published TankTerminals.com - Jul 03 2014]
First reported Jul 02 2014 - Updated Jul 03 2014 - 1 reports

Acquisition and sale news: Oil and gas

GEGE has announced that it has agreed to acquire Monsal, a private UK based water, waste and advanced anaerobic digestion and integrated biogas to energy business. With Monsal’s advanced anaerobic digestion technology and industry knowledge, GE will be ... [Published Energy Global - Jul 02 2014]
First reported Jul 02 2014 - Updated Jul 02 2014 - 1 reports

Sector Update: Energy Stocks Mixed; Total Slips...

CVX -0.19%COP -0.72%SLB -0.34%OXY -0.18%Energy stocks were mixed today with the NYSE Energy Sector Index rising about 0.5% while shares of energy companies in the S&P 500 were down 0.3% as a group. Crude oil for August delivery was down 93 cents at $104.41 ... [Published Nasdaq - Jul 02 2014]

Quotes

Some of NGL's assets "might not have the same cachet" as other midstream operations, but NGL has "built a really nice platform to deliver sustainable growth of distributions of 15% or more for the next several years" according to Swank Capital analyst David Askew
"As you are aware, NGL is pleased to have completed the acquisition of TransMontaigne Inc. We believe the logical next step is to combine NGL and TLP in a transaction that expands our commercial opportunities, simplifies the organizational structure and captures operational synergies, all of which enhance the growth profile of both partnerships' unitholders" NGL wrote in a letter to the conflicts committee of the TransMontaigne GP board
"Also, the deal is viewed favorably because of NGL Energy Partners is expanding into refined oil products, crude and water treatment and lowering its exposure to the propane market" he said, adding that NEP bought Gavilon last year for $890 million
"We rate NGL ENERGY PARTNERS LP NGL) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

More Content

All (69) | News (33) | Reports (0) | Blogs (35) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
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Commodities Trading At Banks: Going, Going, Gone? [Published Forbes.com - Jul 28 2014]
Barron's: NGL Energy offers growth, yield via a... [Published Seeking Alpha - Jul 25 2014]
Canadian National Railway's (CNI) CEO Claude Mo... [Published Seeking Alpha - Jul 22 2014]
Gorman Thinks Morgan Stanley Is Finally Healthy... [Published Seeking Alpha - Jul 21 2014]
Morgan Stanley Q2 Earnings Beat on Revenue Growth [Published Zacks.com - Jul 18 2014]
Morgan Stanley's (MS) CEO James Gorman on Q2 20... [Published Seeking Alpha - Jul 17 2014]
Morgan Stanley Tops Estimates on Investment-Ban... [Published Washington Post - Jul 17 2014]
Morgan Stanley Beats Analysts’ Estimates on Fix... [Published Bloomberg - Jul 17 2014]
Morgan Stanley Reports Second Quarter 2014: [Published Pettinga Financial Advisors - Jul 17 2014]
Will Morgan Stanley's (MS) Q2 Earnings Disappoint? [Published Yahoo! Finance - Jul 16 2014]
TransMontaigne Partners Confirms Receipt Of Pro... [Published RTTNews.com - Jul 14 2014]
TransMontaigne Partners L.P. Confirms Receipt o... [Published EON Transportation - Jul 14 2014]
TransMontaigne Partners L.P. Confirms Receipt o... [Published EON Energy - Jul 14 2014]
TransMontaigne Partners L.P. Confirms Receipt o... [Published Business Wire Energy News - Jul 14 2014]
Oklahoma business briefs for July 12 [Published NewsOK.com - Jul 12 2014]
Sector Update: Energy Stocks Falling; NGL Energ... [Published Nasdaq - Jul 11 2014]
U.S. Hot Stocks: Hot Stocks to Watch [Published Nasdaq - Jul 11 2014]
NGL Energy Partners moves to merge with TransMo... [Published Tulsa World - Jul 11 2014]
NGL Energy Partners Offers To Buy Outstanding U... [Published RTTNews.com - Jul 10 2014]
NGL Energy Partners LP Announces Offer to Acqui... [Published Wall Street Select - Jul 10 2014]
Morgan Stanley Buys Deutche Bank's Commodities ... [Published Yahoo! Finance - Jul 07 2014]
NGL Energy Partners acquires TransMontaigne fro... [Published Individual.com - Jul 07 2014]
Energy briefs for July 4, 2014 [Published NewsOK.com - Jul 04 2014]
Morgan Stanley Completes Sale of TransMontaigne... [Published Yahoo! Finance - Jul 03 2014]
Morgan Stanley Completes Sale of TransMontaigne... [Published TankTerminals.com - Jul 03 2014]
Sector Update: Energy Stocks Mixed; Total Slips... [Published Nasdaq - Jul 02 2014]
Acquisition and sale news: Oil and gas [Published Energy Global - Jul 02 2014]
NGL Energy Partners LP announces completion of ... [Published Reuters UK - Jul 02 2014]
NGL Energy Partners LP Announces Completion of ... [Published Tamar Securities - Jul 02 2014]
TransMontaigne Partners L.P. Announces That Mor... [Published EON Transportation - Jul 02 2014]
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TransMontaigne Partners L.P. Confirms Receipt o... [Published EON Transportation - Jul 14 2014]
DENVER--(EON: Enhanced Online News)--TransMontaigne Partners L.P. (NYSE:TLP, the “Partnership”) today confirmed that NGL Energy Partners LP (“NGL”) announced that it submitted a non-binding, unsolicited proposal (the “Proposal”) to the conflicts committee ...
TransMontaigne Partners L.P. Confirms Receipt o... [Published EON Energy - Jul 14 2014]
DENVER--(EON: Enhanced Online News)--TransMontaigne Partners L.P. (NYSE:TLP, the “Partnership”) today confirmed that NGL Energy Partners LP (“NGL”) announced that it submitted a non-binding, unsolicited proposal (the “Proposal”) to the conflicts committee ...
TransMontaigne Partners L.P. Confirms Receipt o... [Published Business Wire Energy News - Jul 14 2014]
DENVER--(BUSINESS WIRE)--TransMontaigne Partners L.P. (NYSE:TLP, the “Partnership”) today confirmed that NGL Energy Partners LP (“NGL”) announced that it submitted a non-binding, unsolicited proposal (the “Proposal”) to the conflicts committee of the ...
TransMontaigne Partners L.P. Announces That Mor... [Published EON Transportation - Jul 02 2014]
DENVER--(EON: Enhanced Online News)--TransMontaigne Partners L.P. (NYSE:TLP) today announced that on July 1, 2014, Morgan Stanley consummated the sale of its indirect 100% ownership interest in TransMontaigne Inc. to NGL Energy Partners LP. TransMontaigne ...
TransMontaigne Partners L.P. Announces That Mor... [Published EON Energy - Jul 02 2014]
DENVER--(EON: Enhanced Online News)--TransMontaigne Partners L.P. (NYSE:TLP) today announced that on July 1, 2014, Morgan Stanley consummated the sale of its indirect 100% ownership interest in TransMontaigne Inc. to NGL Energy Partners LP. TransMontaigne ...
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