Recently, NVIDIA reached an out-of-court settlement with Samsung a few hours before the US International Trade Commission was due to announce its verdict.
Bluestone Natural Resources II’s agreement with Crestwood Equity Partners (CEQP) indicates that the impact of upstream companies’ bankruptcies on midstream companies may vary from case to case.
Crestwood Equity Partners (CEQP) rose 6% on April 7, 2016. The stock gained on the news of a 10-year gathering and processing agreement with BlueStone Natural Resources II.
77% of analysts tracking Baker Hughes have recommended “buys” on BHI. 78% of analysts tracking Halliburton have recommended “buys” on HAL.
Per the DOJ’s views, a merged HAL-BHI entity would seriously lessen completion, leading to the Market’s being controlled by only a handful players.
On April 6, 2016, the U.S. Department of Justice (or DOJ) filed an antitrust lawsuit that proposed blocking the pending Baker Hughes–Halliburton merger.
On March 22, 2016, Oracle (ORCL) sued Hewlett Packard Enterprise (HPE) for copyright infringement. The lawsuit alleges that HPE partnered illegally with Terix Computer Service.
The extent of the possible damage to midstream companies providing storage and transport services could depend on producers’ available alternatives.
In the highly observed Sabine bankruptcy case, Judge Shelley Chapman ruled in favor of Sabine Oil & Gas. Sabine Oil & Gas filed for bankruptcy in July 2015.
According to Peabody Energy’s filings, the proceeds from the transaction with Bowie Resource Partners are crucial for it to meet future financial covenants.
On February 29, Peabody Energy announced in a press release that it wouldn’t be able to file its 10K on time. It has about $6.3 billion in debt on its books.
Many of the smaller upstream companies (XOP) have become highly leveraged. This increases the possibility of a default or bankruptcy.
The extent of damage to midstream companies providing storage and transport services might depend on producers’ available alternatives.
While minimum volume commitments work well, in general, things change in a sustained low commodity price environment. Currently, this is the case.
Midstream MLPs have been under pressure for more than a year. Sustained low energy commodity prices severely impacted their performance.
After seven years, Marvell reached an expensive settlement with Carnegie Mellon University over a disk drive patent, but this was cut down to $750 million.
A seven-year-old patent lawsuit between Marvell Technology and Carnegie Mellon University has finally come to a settlement.
NVIDIA won a patent lawsuit filed by Samsung, but this was in retaliation to the former’s lawsuit against the latter—a vicious circle of lawsuits.
NVIDIA is looking to open licensing as its new revenue stream and has been in legal battle with Samsung Electronics and Qualcomm over patent infringement.
At the end of 2015, the cash on Boeing’s balance sheet stood at $12.1 billion. For 2015, Boeing generated strong operating cash flows of about $9.4 billion as compared to $8.9 billion in 2014.