A Look at the Latest Occurrences in the Energy Sector: Special Research on Enbridge, Encana, Enduro, Energen, and Enerplus
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, February 3, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Enbridge (NYSE: ENB), Encana (NYSE: ECA), Enduro (NYSE: NDRO), Energen (NYSE: EGN), and Enerplus (NYSE: ERF). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
ENB Research Report: ( http://get.analystsreview.com/pdf/?c=Enbridge&d=03-Feb-2015&s=ENB ),
ECA Research Report: ( http://get.analystsreview.com/pdf/?c=Encana&d=03-Feb-2015&s=ECA ),
NDRO Research Report: ( http://get.analystsreview.com/pdf/?c=Enduro&d=03-Feb-2015&s=NDRO ),
EGN Research Report: ( http://get.analystsreview.com/pdf/?c=Energen&d=03-Feb-2015&s=EGN ),
ERF Research Report: ( http://get.analystsreview.com/pdf/?c=Enerplus&d=03-Feb-2015&s=ERF ).
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Analyst Update: New Contracts, Assets Sale, Cash Distributions, and Upcoming Earnings
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks ended higher on Monday helped by a late-session rally in the energy shares which also offset a fresh set of disappointing economic data. The Dow Jones Industrial Average rose 1.14% to close at 17,361.04, the S&P 500 increased 1.30% to close at 2,020.85, and the Nasdaq Composite gained 0.89% to end at 4,676.69. Energy shares led the advance, with the S&P 500 energy sector ending up nearly 3% following rise in the crude oil prices. Disappointing data on consumer spending and the manufacturing sector released on Monday weighed on the market early in the session. The European stocks ended on a mixed note on Monday amid continued uncertainty over Greece's debt negotiations and rising worries over the health of global economies. The pan-European Euro Stoxx 600 Index closed largely flat. In Asia, markets were mostly under pressure after fresh data raised concerns over China's manufacturing sector.
Enbridge Inc. (Enbridge) has been selected to build, own and operate a crude oil pipeline in the Gulf of Mexico for connecting the planned Stampede development, operated by Hess Corporation, to an existing third-party pipeline system. The lateral pipeline is expected to cost approximately $0.13 billion and be operational in 2018.
Leading North American energy producer, Encana Corporation (Encana), has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc. for a purchase price of approximately CAD605 million. The sale includes about 1.2 million net acres of land, over 6,800 producing wells and approximately 180 million cubic feet equivalent per day (mmcfe/d) of natural gas production.
Enduro Royalty Trust (Enduro) has announced a cash distribution $0.006598 per unit to the holders of its units of beneficial interest, payable on February 13, 2015, to unitholders of record on January 30, 2015. The distribution mainly represents oil production during the month of October 2014 and natural gas production during September 2014.
Energen Corporation (Energen) to release its Q4 2014 financial results on Thursday, February 12, 2015, after market closes. The earnings release will be followed by a conference call on Friday, February 13, 2015, at 11:00 a.m. ET, to discuss the results and 2015 plans.
Enerplus Corporation (Enerplus) has announced a cash dividend of CAD0.09 per share payable on February 17, 2015 to all shareholders of record at the close of business on February 2, 2015. The Company is set to release its 2014 operating and financial results prior to market open on Friday, February 20, 2015, followed by a conference call hosted by Mr. Ian C. Dundas, President and CEO, on the same day at 9:00 a.m. MT (11:00 a.m. EST) to discuss the results.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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