CSR Initiatives, Production Update, Market Activity, Public Offer Pricing, and Upcoming Exploration Program - Research Reports on KeyCorp, Goldcorp, Silica Holdings, Legacy Reserves and Noble Energy
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NEW YORK, October 8, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding KeyCorp. (NYSE: KEY), Goldcorp Inc. (NYSE: GG), U.S. Silica Holdings, Inc. (NYSE: SLCA), Legacy Reserves LP (NASDAQ: LGCY) and Noble Energy, Inc. (NYSE: NBL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7008-100free.
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KeyCorp. Research Reports
On September 30, 2014, KeyBank Foundation, a nonprofit charitable foundation funded by KeyCorp., announced a grant of $4 million to The Group Plan Commission for the reconstruction of Public Square, of which an amount of $500,000 has been allocated for the long-term maintenance of Public Square. According to the Company, the grant, which is more than double of any previous grant made by the Foundation, adds to the momentum of a project which is critical for downtown's redevelopment. KeyCorp Chairman and CEO Beth Mooney, said, "The redevelopment of Public Square will be one of the most significant projects in the city's history, and we are proud to be able to play a part in making it happen. It will provide the kind of public space that acts as a magnet for residents and visitors. Years from now, Clevelanders will regard this project as one of the essential elements in the city's revitalization." The full research reports on KeyCorp are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/KEY/report.pdf
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Goldcorp Inc. Research Reports
On October 2, 2014, Goldcorp Inc. (Goldcorp) announced the achievement of first gold production at its Éléonore project, located in the James Bay region of Northern Quebec. According to the Company, the initial dore bar with an estimated 70 ounces of gold recovered from the gravity circuit was poured on October 1, 2014. The Company informed that overall, progress at the mine is on track and commercial production from the same is expected to begin in Q1 2015. The Company anticipates the Éléonore project to produce between 40,000 and 60,000 ounces of gold in 2014. Chuck Jeannes, Goldcorp's President and CEO, said, "Following a four year development period I am pleased to announce first gold production at Éléonore, on schedule and in line with our capital cost guidance. Éléonore is expected to ramp-up to design throughput of 7,000 tonnes per day by 2018." The full research reports on Goldcorp are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/GG/report.pdf
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U.S. Silica Holdings, Inc. Research Reports
On October 3, 2014, the stock of U.S. Silica Holdings, Inc. (Silica Holdings) fell 5.10% to end at $54.36, extending its decline for the fourth session in a row. Shares in Silica Holdings opened the day's session at $57.98 and traded in the intraday range of $54.30-$58.02. Year-to-date, the stock has gained 59.37% in comparison to the NYSE Composite which has gained 2.26% in the same trading period. The stock has a 52-week range of $24.28 - $73.43. The full research reports on Silica Holdings are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/SLCA/report.pdf
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Legacy Reserves LP Research Reports
On October 3, 2014, Legacy Reserves LP (Legacy Reserves) announced the pricing of 10 million units at $27.38 per unit in an underwritten public offering pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. According to the Company, it has granted a 30-day option to the underwriters to purchase up to 1.5 million additional units. Legacy Reserves intends to use the net proceeds of this offering, including proceeds from the underwriters' exercise of their option, to purchase additional units, for general partnership purposes, including funding future acquisitions or repaying a portion of the borrowings outstanding under its revolving credit facility. The unit offering is scheduled to close on October 8, 2014. The full research reports on Legacy Reserves are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/LGCY/report.pdf
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Noble Energy, Inc. Research Reports
On October 1, 2014, Noble Energy, Inc. (Noble Energy) announced its plan to resume exploration drilling in the Falkland Islands in 2015, following the acquisition and evaluation of an extensive 3D seismic program over portions of the Company's 10 million acre position. Mike Putnam, Noble Energy's Vice President of Exploration, said, "We are excited about our upcoming exploration program in the Falkland Islands where we will be testing a basin with multibillion barrel potential. Our recent 3D seismic acquisition has confirmed our initial thoughts that the basin contains prospects of material size with ample follow on opportunities. The Falklands provides an opportunity to create another core area for Noble Energy through organic exploration success." Additionally, the Company informed that for Q3 2014, it expects exploration expense to between $230 and $240 million, including c. $75 million related to the Scotia well decision. With the increased exploration expense, the Company also expects Q3 2014 adjusted effective tax rate to be between 35%-38%, with most of the tax provision representing current taxes. The full research reports on Noble Energy are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/NBL/report.pdf
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