Showing posts with label Asset. Show all posts
Showing posts with label Asset. Show all posts
Wednesday, May 8, 2013
Saturday, May 4, 2013
Chesapeake in $300m asset sale
SemGroup Corp is getting its hands on Chesapeake subsidiary Mid-American Midstream Gas Services in a deal worth $300 million, SemGroup said.
The agreement is an all-cash deal with SemGroup to dip into existing bank facilities to fund the acquisition which is set to close in the third quarter. Is covers the sale of gas-gathering and gas-processing facilities on the Mississippi Lime play.
Chesapeake has already stated that is wants to sell between $4 billion and $7 billion of assets this year. It has already agreed deals for $2 billion-worth of asset sales before the SemGroup announcement.
Independent giant Chesapeake revealed a first-quarter profit of $15 million despite taking a hit on hedging instruments.
Monday, April 22, 2013
No sign of policy-inspired UK asset bubbles, says BoE's Miles
BOSTON, April 13 - The Bank of England's asset purchases have not inflated unsustainable bubbles in stock prices and corporate bonds, a senior British interest rate-setter said on Saturday.
David Miles, an external member of the BoE's Monetary Policy Committee, said the central bank has looked into these markets and others for signs of danger.
"I don't think we're in the kind of territory that obviously makes these asset prices unsustainable and at bubble levels," he said at a conference hosted by the Federal Reserve Bank of Boston.
"They may have been very depressed, but it's more kind of moving back to more normal levels," he added.
Tuesday, April 2, 2013
Troubled Asset Relief Program (TARP) Perspectives
Troubled Asset Relief Program (TARP): CGI offers advice on how the federal government and financial industry can manage the enormous challenges ahead of them.
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