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A Delaware court revived an investor lawsuit against Energy Transfer Partners over its $11 billion acquisition of Regency Energy Partners in a case focused on protections for investors in master limited partnerships. The Delaware Supreme Court ruled on Friday that pipeline operators Energy Transfer Partners and its indirect parent, Energy Transfer Equity, must face allegations that Regency investors were not properly informed when they approved the merger in 2015.
Talisman Energy is a global upstream oil and gas company headquartered in Canada. Revenue plunged to $44 million, down from $929 million in 2013.
Energy Transfer Equity (ETE) reported its 4Q 2014 financial results on February 18. Limited partner interest in the net income was reported as $111 million.