Companies Announce Successful Acquisitions, Declared Dividends, Retirements, and Upcoming Investors Conferences - Research Report on ConocoPhillips, Ensco, Weatherford, Whiting, and Helmerich & Payne
NEW YORK, September 2, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting ConocoPhillips (NYSE: COP), Ensco plc (NYSE: ESV), Weatherford International Ltd. (NYSE: WFT), Whiting Petroleum Corp. (NYSE: WLL), and Helmerich & Payne Inc. (NYSE: HP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
ConocoPhillips Research Report
On August 16, 2013, ConocoPhillips (COP) announced that it has successfully completed the sale transaction of its wholly owned subsidiary, Trinidad and Tobago Holdings LLC (TTHL) to the National Gas Company of Trinidad and Tobago Limited (NGC), for $600 million along with customary adjustments. According to the Company, it expects to recognize an after-tax gain of c.$290 million from the sale of TTHL, which owns 39% interest in Phoenix Park Gas Processors Limited(PPGPL), a gas processing and natural gas liquids fractionation facility operator in Trinidad. Don Wallette, Executive Vice President, Commercial, Business Development and Corporate Planning at COP, commented, "The sale of this noncore, midstream asset represents further progress in strengthening and focusing the ConocoPhillips portfolio, and advances the strategic interests of both NGC and ConocoPhillips. We appreciate the long and productive relationship we have had with NGC." The Full Research Report on ConocoPhillips - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/COP]
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Ensco plc Research Report
On August 19, 2013, Ensco plc (Ensco) announced that its Board of Directors has declared a regular quarterly cash dividend of US$0.50 per Class A ordinary share. According to the Company, stockholders of record as of September 9, 2013 will receive dividend on September 20, 2013. The Full Research Report on Ensco plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/ESV]
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Weatherford International Ltd. Research Report
On August 23, 2013, Weatherford International Ltd. (Weatherford) announced that it will host a conference call to discuss its Q3 2013 results (period ended September 30, 2013) on Tuesday, November 5, 2013. According to the Company, the call will be open to the public and interested parties can access the same by contacting the Company's conference call operator. Users can also access the conference call and replay version of it via the Investor Relations section of the Company website by clicking on the Enhanced Audio Webcast link. The Full Research Report on Weatherford International Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/WFT]
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Whiting Petroleum Corp. Research Report
On August 27, 2013, Whiting Petroleum Corp. (Whiting) reported that it has entered into an agreement with a private party to acquire certain producing oil and gas wells and development acreage located in the Williston Basin in Williams and McKenzie counties of North Dakota and Roosevelt and Richland counties of Montana. According to the Company, the acquisition deal carries a purchase price of $260 million, which it intends to finance with borrowings under its existing bank credit facility. The Company further stated that the deal primarily aims at properties in the Middle Bakken and Three Forks zones and include 17,282 net acres located in and around Whiting's acreage in the Missouri Breaks and Hidden Bench prospects in its Western Williston Basin area. James J. Volker, Whiting's Chairman and CEO, "This acreage expands our presence in our Western Williston Basin area where we have seen recent strong production growth primarily as a result of positive drilling results at our Hidden Bench, Tarpon and Missouri Breaks prospects." Whiting expects the acquisition to close by September 30, 2013, subject to customary closing conditions. The Full Research Report on Whiting Petroleum Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/WLL]
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Helmerich & Payne Inc. Research Report
On August 21, 2013, Helmerich & Payne Inc. (Helmerich & Payne) reported that Chairman and CEO, Hans Helmerich will step down as an employee of the Company, after the completion of its Annual Stockholders' Meeting, on March 5, 2014. According to the Company, post the retirement of Hans Helmerich, its President and COO, John W. Lindsay will take on his responsibilities as the new CEO of Helmerich & Payne. However, Hans Helmerich will continue with his status as Chairman of the Board of Directors. Hans Helmerich said, "This is part of a plan I initiated with the Board over four years ago. I am honored the Board has asked me to remain as Chairman. I am confident John Lindsay will do a great job as CEO and that he and the management team will lead the Company in an exemplary manner. I am pleased to say the Company is ready now and very well-positioned, not only to complete a successful and smooth leadership transition, but to continue to lead our industry in the years ahead." The Full Research Report on Helmerich & Payne Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-28/HP]
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SOURCE Investors' Reports
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