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Crestwood Midstream Partners LP shares are currently trading up about 1.3% on the day.
FORBES: Bullish Two Hundred Day Moving Average Cross - CMLP
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This quest for i-grade ratings will drive more deals like Crestwood-Inergy, according to bankers.
FORBES: Energy MLPs acquire so they can borrow cheaply... and do more deals
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Crestwood Midstream Partners LP shares are currently trading down about 0.2% on the day.
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Crestwood Midstream Partners LP shares are currently trading up about 0.4% on the day.
FORBES: Shares of CMLP Now Overbought
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Crestwood Midstream Partners LP shares are currently trading down about 0.5% on the day.
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The report also cited the strong quarterly dividend history at Crestwood Midstream Partners LP, and favorable long-term multi-year growth rates in key fundamental data points.
FORBES: Why Crestwood Midstream Partners Is a Top 10 Energy Dividend Stock
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But actually Crestwood, like a lot of MLPs, is trying to get bigger through mergers so it can improve its asset quality and thereby boost its credit rating.
FORBES: Energy MLPs acquire so they can borrow cheaply... and do more deals
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Crestwood almost said as much when it announced the deal.
FORBES: Energy MLPs acquire so they can borrow cheaply... and do more deals
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Dodge Coronet , Crestwood , Diplomat , Dynasty , St.
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Crestwood, the Houston-based company engaged in gathering and processing natural gas, announced an all-stock merger with Inergy, the Kansas City, Missouri-based company engaged in storage and transportation of natural gas earlier this month.
FORBES: Energy MLPs acquire so they can borrow cheaply... and do more deals