Charity, Upcoming Conference, Execution of Letter of Intent, Spin-offs, and Stock Price Updates - Analyst Notes on Pioneer, Freeport, Noble, National Oilwell and Apache
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NEW YORK, May 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Pioneer Natural Resources (NYSE: PXD), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Noble Energy Inc. (NYSE: NBL), National Oilwell Varco Inc. (NYSE: NOV) and Apache Corporation (NYSE: APA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2191-100free.
Pioneer Natural Resources Analyst Notes
On May 5, 2014, Pioneer Natural Resources (Pioneer) along with Goldman Sachs and AT&T jointly announced that they hosted the Dallas CASA Classic, a one-day charity golf tournament in the Dallas-Fort Worth area on April 28, 2014. The Company informed that the proceeds of $1.7 million from the tournament were donated to Dallas CASA, an organization that provides advocates in court for abused children. Scott Sheffield, Chairman and CEO of Pioneer, said, "We are honored to co-host this golf tournament for such a worthy cause. Pioneer has been a champion of Dallas CASA for many years. By teaming with Goldman Sachs and AT&T, we have been able to expand the tournament to involve more participants and provide greater funding for CASA to increase their trained volunteer base with a goal of serving all abused children in Dallas by 2019." The full analyst notes on Pioneer are available to download free of charge at:
http://www.analystsreview.com/2191-PXD-08May2014.pdf
Freeport-McMoRan Copper & Gold Inc. Analyst Notes
Freeport-McMoRan Copper & Gold Inc. (Freeport) posted on its Investor Center website that Richard Adkerson, Vice Chairman, President and CEO of the Company, will present at the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference on May 13, 2014 at 8:30 a.m. EDT. The full analyst notes on Freeport are available to download free of charge at:
http://www.analystsreview.com/2191-FCX-08May2014.pdf
Noble Energy Inc. Analyst Notes
On May 5, 2014, Noble Energy Inc. (Noble) announced the execution of a non-binding Letter of Intent (LOI) between the Tamar field partners and Union Fenosa Gas SA (UFG) for the supply of natural gas from Tamar, offshore Israel, to UFG's existing natural gas liquefaction facilities in Egypt. Noble Energy operates Tamar with a 36% working interest. The Company informed that the LOI contemplates a contract term of 15 years and a total gross sales quantity of up to 2.5 trillion cubic feet (Tcf) of natural gas, or approximately 440 million cubic feet per day over the period. Keith Elliott, Noble's Senior Vice President, Eastern Mediterranean, commented, "This LOI with Union Fenosa Gas represents a major milestone for our Tamar asset and is indicative of the strong regional demand for natural gas." The full analyst notes on Noble are available to download free of charge at:
http://www.analystsreview.com/2191-NBL-08May2014.pdf
National Oilwell Varco Inc. Analyst Notes
On May 1, 2014, National Oilwell Varco Inc. (NOV) announced that the Company's Board of Directors has finally approved the spin-off of the Company's distribution business. The Company informed that the resulting new company will be known as NOW Inc. (NOW), headquartered in Houston. The Company plans to complete the spin-off through pro rata distribution of all of the outstanding shares of NOW common stock to holders of NOV common stock. The distribution is expected to occur on May 30, 2014 after the end of market hours for holders of record as of the close of business on May 22, 2014. According to the Company, each NOV stockholder as of the record date will receive one share of NOW common stock for every four shares of NOV common stock. Following the distribution, NOW will be an independent, publicly traded company, and NOV will retain no ownership interest in NOW. The full analyst notes on National Oilwell are available to download free of charge at:
http://www.analystsreview.com/2191-NOV-08May2014.pdf
Apache Corporation Analyst Notes
On May 5, 2014, Apache Corporation's (Apache) stock ended the day flat at $86.96. Apache's stock opened the session at $86.53 and oscillated in the range of $86.33 - $87.25. The stock has a 52-week high of $94.84 and a 52-week low of $74.30. Over the past three months, the stock has gained 11.46%, outperforming the S&P 500 Index that gained 7.58% over the same period. The full analyst notes on Apache are available to download free of charge at:
http://www.analystsreview.com/2191-APA-08May2014.pdf
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