Contract Extension, Notes Offering, Acquisitions, Grants, New Technology, and Technical Updates - Research Reports on Oceaneering, Cabot, Whiting Petroleum, Praxair and Tesoro
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NEW YORK, October 1, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Oceaneering International, Inc. (NYSE: OII), Cabot Oil & Gas Corporation (NYSE: COG), Whiting Petroleum Corp. (NYSE: WLL), Praxair Inc. (NYSE: PX) and Tesoro Corporation (NYSE: TSO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6896-100free.
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Oceaneering International, Inc. Research Reports
On September 10, 2014, Oceaneering International, Inc. (Oceaneering) announced that BP p.l.c. has exercised both one-year options to extend the Field Support Vessel Services contract with Oceaneering for work offshore Angola on Blocks 18 and 31. Under this contract term extension, Oceaneering will continue to provide project management, engineering, and vessel services through January 2017. The Company informed that during the contract term extension it will continue to supply, two chartered vessels - the Ocean Intervention III and the Bourbon Oceanteam 101. As per the Company, the contract scope of work includes light subsea construction and inspection, maintenance, and repair services on existing and future subsea infrastructure. Further, the contract has a provision for Oceaneering to continue to provide during the extension period, at BP's option, a third vessel on a mutually agreed, as-needed basis. The full research reports on Oceaneering are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/OII/report.pdf
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Cabot Oil & Gas Corporation Research Reports
On September 24, 2014, Cabot Oil & Gas Corporation (Cabot) announced that the Company has recently entered into a definitive purchase and sale agreement to acquire approximately 30,000 net acres in the Eagle Ford Shale with a capacity of producing approximately 1,600 barrels of oil equivalent per day, for $210 million, subject to customary due diligence and closing adjustments. The transaction is expected to close in October 2014. As a result of this transaction, the Company has added a fourth operated rig in the Eagle Ford to begin drilling on the newly acquired properties. In the same release, Cabot informed that the Company has recently closed a private placement of senior unsecured notes to a group of institutional investors. As per the release, the Company raised $925 million through the following three series of notes: $100 million of 7-year 3.24% notes due 2021, $575 million of 10-year 3.67% notes due 2024 and $250 million of 12-year 3.77% notes due 2026. Cabot added that proceeds from the offering will be used to repay its outstanding borrowings under its credit facility, fund the Eagle Ford Shale acquisition and for other general corporate purposes. The full research reports on Cabot are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/COG/report.pdf
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Whiting Petroleum Corp. Research Reports
On September 26, 2014, the stock of Whiting Petroleum Corp. (Whiting Petroleum) gained 3.14% to end the day's trading at $79.44. The stock opened the session at $77.00 and fluctuated in the range of $76.95-$80.15 with a trading volume of 2.19 million shares. The stock has a 52-week range of $54.93-$92.92. YTD the stock has increased 28.40%, outperforming the NYSE Composite Index, which gained 3.83% during the same period. The full research reports on Whiting Petroleum are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/WLL/report.pdf
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Praxair Inc. Research Reports
On September 18, 2014, Praxair Inc. (Praxair) announced that it is offering a new DryFrac™ waterless fracturing technology to oil and gas producers which can replace water use in fracturing wells through the use of liquid carbon dioxide (CO2). According to Praxair, its new patent-pending technology enables oil and gas producers to increase yield while reducing environmental impacts associated with hydraulic fracturing, such as water sourcing and water disposal. Tony Wallace, Vice President, Energy Services at Praxair said, "Our DryFrac system is a game-changer for the industry. Through our state-of-the-art technology and extensive carbon dioxide supply chain, we provide an alternative to water-intensive fracturing. Praxair's innovative waterless fracturing technology is yet another example of our commitment to helping our customers be more productive and sustainable." The full research reports on Praxair are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/PX/report.pdf
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Tesoro Corporation Research Reports
On September 22, 2014, Tesoro Corporation(Tesoro) reported that the Company would be giving $1.1 million in grants to educational programs in the Company's headquarters and refinery communities, including: Anacortes, Washington; Kenai, Alaska; Mandan, North Dakota; Los Angeles and Martinez, California; Salt Lake City and San Antonio. According to Tesoro, its grant program supports K-12 education in communities where the Company has a significant presence. "We are focused on helping to provide students the resources they need to succeed and grow," said Tesoro's President and CEO, Greg Goff. "Increasing access to a high-quality education is vital to our children's future well-being and success, as well as the economic health and sustainability of Tesoro and our communities. Through our K-12 Education Grant Program, Tesoro's grants will impact thousands of students today and thousands more for years to come." The full research reports on Tesoro are available to download free of charge at:
http://www.analystsreview.com/Oct-01-2014/TSO/report.pdf
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