Dividends, Investors Meeting, Subordinated Units, and Joint Venture Agreement - Analyst Notes on Ensco, Boardwalk, Tesoro, Cimarex Energy and Weatherford
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, June 16, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Ensco plc (NYSE: ESV), Boardwalk Pipeline Partners, LP (NYSE: BWP), Tesoro Corporation (NYSE: TSO), Cimarex Energy Co. (NYSE: XEC) and Weatherford International Ltd (NYSE: WFT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2964-100free.
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Ensco plc Analyst Notes
On June 12, 2014, Ensco plc's (Ensco) stock increased 1.65% to end the trading session at $52.93. During the session, the stock traded in the range of $52.31 to $52.94. The Company's stock gained 0.51% over the past five-day reporting period, compared to S&P 500 which rose 0.34% during the same period. The full analyst notes on Ensco are available to download free of charge at:
http://www.analystsreview.com/2964-ESV-16Jun2014.pdf
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Boardwalk Pipeline Partners, LP Analyst Notes
On June 12, 2014, Boardwalk Pipeline Partners, LP's (Boardwalk) stock rose 1.52% to close the day's session at 17.41. Over the past one-month period, Boardwalk stock jumped 8.81%, while the Dow Jones Industrial Average index slightly rose by 0.23% during the same period. The full analyst notes on Boardwalk are available to download free of charge at:
http://www.analystsreview.com/2964-BWP-16Jun2014.pdf
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Tesoro Corporation Analyst Notes
On May 20, 2014, Tesoro Corporation (Tesoro) announced that the Board of Directors of Tesoro Logistics LP (TLLP), Tesoro's subsidiary, has converted 15.25 million outstanding subordinated TLLP units on a one-for-one basis into common TLLP units, effective May 16, 2014. According to the Company, ever since the issuance of the subordinated units by TLLP in the April 2011 IPO, TLLP has grown distributions by 75%, and has delivered total shareholder returns in excess of 250% when combines with unit price growth. As of today, Tesoro announced that the Company together with its subsidiaries own approximately 19.1 million common units and about 1.1 million general partner units of TLLP, with the common units held by the Company and its subsidiaries valued at about $1.3 billion based on the market price of TLLP. The full analyst notes on Tesoro are available to download free of charge at:
http://www.analystsreview.com/2964-TSO-16Jun2014.pdf
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Cimarex Energy Co. Analyst Notes
On May 19, 2014, Cimarex Energy Co. (Cimarex Energy) announced that its Board of Directors has declared a regular quarterly dividend of its common stock of $0.16 per share, payable on September 2, 2014 to stockholders of record on August 15, 2014. The full analyst notes on Cimarex Energy are available to download free of charge at:
http://www.analystsreview.com/2964-XEC-16Jun2014.pdf
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Weatherford International Ltd Analyst Notes
On May 21, 2014, Weatherford International Ltd (Weatherford) announced a joint venture agreement with Sinopec Oilfield Service Corporation and Shengli Highland Petroleum Co., Ltd., with an aim to form a new equity joint venture company in China. According to the Company, under the agreement, the three companies will combine their complementary strengths to provide products and services within a collaborative framework to help tap into the wide unconventional resource base in mainland China. "Each company brings distinct, yet complementary expertise in oilfield services. The joint venture will strengthen Weatherford's long-term commitment and growth in China," said Bernard J. Duroc-Danner, Weatherford's Chairman, President and CEO. "The specific country geology presents challenging opportunities to build efficiencies into complex wells. With the depth and breadth of our services expertise, industry-leading products and innovative technologies, the agreement will help unlock the large potential presented by the development and production of oil and gas in China. This is our first step. We envision we will bring the full range of Weatherford's oilfield services capabilities to China, helping achieve targets of tapping into one of the world's largest reserves of unconventional fuels." The full analyst notes on Weatherford are available to download free of charge at:
http://www.analystsreview.com/2964-WFT-16Jun2014.pdf
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