4 Energy Stock Stories to Spark Investment Chatter

Kinder Morgan Energy Partners (NYSE: KMP): Closing price $88.23

On Monday, the firm said that it will invest $106 million to buy roughly 20 acres adjacent to its Pasadena, Texas, terminal, construct nine new tanks with a storage capacity of 1.2 million barrels at its Galena Park terminal under long-term customer agreements, and also construct a new barge dock that should help relieve current barge congestion in the Houston Ship Channel. The purchased acreage will be used in support of a future crude condensate and refined products terminal that should be able to handle 10 150,000-barrel tanks linked to the Explorer Pipeline. The new barge dock will provide added capacity to handle as much as 50 barges per month.

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KMP

Petrobras – Petroleo Brasileiro (NYSE:PBR): Closing price $18.84

Petrobras said that it will offer six separate dollar-denominated bonds, including fixed-rate bonds with maturities in 2016, 2019, 2023, and 2043, according to a filing with the U.S. Securities and Exchange Commission. Two other tranches will feature floating rate notes due 2016 and 2019. The company has recruited BB Securities, Bank of America Merrill Lynch, Itau BBA, Morgan Stanley, Citi, HSBC, and JPMorgan to conduct the operation. Petrobras will use the proceeds to finance capital expenditures under its 2013-2017 Business Plan and for general corporate purposes as well.

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PBR

Transocean (NYSE:RIG): Closing price $54.50

Transocean reported that J. Michael Talbert has advised the board that, if re-elected at the firm’s upcoming Annual General Meeting on May 17, he will step down from the Board no later than the firm’s 2014 AGM. In order to facilitate an orderly transition of leadership, should Talbert be chosen by the board as chairman following the upcoming AGM, he will step down as chairman no later than the Board’s November 2013 meeting, at which time a new, independent chairman will be announced.

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RIG

Suburban Propane Partners (NYSE:SPH): Closing price $50.05

The distributor of propane, fuel oil and related products and services announced Monday that it has begun an underwritten public offering to sell 2.7 million common units representing limited partner interests in the firm. Suburban also will allow the underwriters a 30-day option to buy up to 405,000 additional units.

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SPH

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