Search the web
Welcome, Guest
[Sign Out, My Account]

Monday, April 21 2014 11:08am ET - U.S. Markets close in 4 hours and 52 minutes.
Industry Center
Top Industries
·Aerospace/Defense - Major Diversified
·Auto Manufacturers - Major
·Business Software & Services
·Chemicals - Major Diversified
·Communication Equipment
·Diversified Computer Systems
·Diversified Investments
·Drug Manufacturers - Major
·Electric Utilities
·Food - Major Diversified
·Industrial Metals & Minerals
·Major Airlines
·Major Integrated Oil & Gas
·Money Center Banks
·Property & Casualty Insurance
·Semiconductor - Broad Line
·Telecom Services - Domestic
Complete Industry List...
·Industry Index
·News by Industry
·Leaders & Laggards
·Industry Browser
Today's Top Performing Industry

Composite Value: 0.0
Today's Change:  2014
S&P 500: +0.00%
chart for
[ (^YHO            <h2 class=)]
Capital Properties, Inc. Announces Agreement with Sprague Resources LP
1 hour, 23 minutes ago (PR Newswire)
EAST PROVIDENCE, R.I., April 21, 2014 /PRNewswire/ -- Today, Capital Properties, Inc. (CPTP) announced that its wholly- owned subsidiary, Dunellen, LLC, has entered into a petroleum storage services agreement with Sprague Operating Resources LLC ("Sprague"), a wholly-owned subsidiary of Sprague Resources LP (SRLP) for Dunellen's entire storage capacity at its 1,004,555 barrel petroleum storage facility and related deep water pier in East Providence, Rhode Island for an initial term of five (5) years at an annual rent of $3,500,000 per year subject to an annual adjustment based on the percentage increase in the Consumer Price Index (CPI-U). Dunellen is entitled to receive an additional $0.15 for each barrel of throughput at the terminal in excess of 3,500,000 barrels. Sprague has the option to extend the lease for two additional terms of five (5) years on giving at least twelve (12) months' notice prior to the expiration of the initial or the first extension term. Additionally, commencing in April of 2016 either party may terminate the lease on twelve (12) months' notice. Sprague may also terminate the lease on six (6) months' notice if Rhode Island adopts restrictions on the storage of high sulfur content home heating oil. Rhode Island is currently considering draft regulations containing such a restriction, but the Company has requested the State to exempt storage facilities with over a 100,000 barrel capacity, subject to such facilities notifying the State and conducting periodic testing of their distribution facilities to assure compliance with the Rhode Island's proposed regulatory scheme. Dunellen's terminal includes an eight (8) bay, 19-position truck loading rack. The terminal is served via two 16-inch diameter pipelines from a deep-water ship/barge berth with a depth of -40 feet MLW and LOA of 825'. The terminal has the capability to develop adjacent rail access for the loading and/or unloading of product.
Today's Industry Highlights
Top Performing Industries% Change
View Leaders & Laggards...
Worst Performing Industries % Change
View Leaders & Laggards...
Locate Industry by Company
Enter Symbol:
Leaders & Laggards
Highest Dividend Yield
Basic Materials Wholesale 6.27%
Highest Market Capitalization
Money Center Banks $1530040.0 B
Highest Net Profit Margin (mrq)
Broadcasting - TV 65.30%
Highest P/E Ratio
Specialty Eateries 617.40
Highest Return on Equity
Auto Parts Stores 88.20%

Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
Industry information © 2014 Morningstar, Inc. All Rights Reserved. Company information © 2014 Capital IQ All Rights Reserved. Quotes and other information supplied by independent providers identified on the Yahoo Finance partner page. S&P 500 index provided by Comstock. All rights reserved. Top-Ranked Analyst information © 1999-2014, StarMine Corp. All rights reserved. Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Yahoo nor any of its data or content providers (such as Capital IQ, Morningstar, CSI and exchanges) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. By accessing the Yahoo site, a user agrees not to redistribute the information found therein.

Questions or Comments?