Energy Sector Updates: Special Research on Delek Logistics, Delek US, Denbury, Devon and Diamond Offshore
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 30, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Delek Logistics (NYSE: DKL), Delek US (NYSE: DK), Denbury (NYSE: DNR), Devon (NYSE: DVN), and Diamond Offshore (NYSE: DO). 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):
DKL Research Report: ( http://get.analystsreview.com/pdf/?c=Delek%20Logistics&d=30-Jan-2015&s=DKL ),
DK Research Report: ( http://get.analystsreview.com/pdf/?c=Delek%20US&d=30-Jan-2015&s=DK ),
DNR Research Report: ( http://get.analystsreview.com/pdf/?c=Denbury&d=30-Jan-2015&s=DNR ),
DVN Research Report: ( http://get.analystsreview.com/pdf/?c=Devon&d=30-Jan-2015&s=DVN ),
DO Research Report: ( http://get.analystsreview.com/pdf/?c=Diamond%20Offshore&d=30-Jan-2015&s=DO ).
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Analyst Update: Strategic Agreements, Quarterly Earnings,and CEO Retirement
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks finished higher on Thursday as a late afternoon rally in crude oil prices helped energy shares erase their decline, while better-than-expected earnings reports boosted consumer stocks. The Dow Jones Industrial Average rose 1.31% to close at 17,416.85, the S&P 500 advanced 0.95% to close at 2,021.25, and the Nasdaq Composite gained 0.98% to end at 4,683.41. In Europe, markets ended lower as investors fretted over the worsening health of Euro zone economy after some heavyweight energy firms reported weaker-than-expected profits. The U.S. central bank's statement on Wednesday, indicating U.S. rate increases were still likely this year, also weighed upon investor sentiments. Meanwhile, Greek stocks markets steadied on Thursday, following a huge post-election sell-off, helped by rally in the bank stocks. Asian stocks also ended lower on Thursday after Federal Reserve's statement and slump in the oil prices.
Delek Logistics Partners, L.P. (Delek Logistics) has inked new agreements for the Paline Pipeline with two third-parties, each of which will pay a fixed monthly fee to use their respective capacities on this pipeline - which account for a combined 35,000 barrels per day.
Delek US Holdings, Inc. (Delek US) intends to release its fourth quarter 2014 and full year 2014 results after the U.S. stock market closes on Monday, February 23, 2015. On average, analysts polled by Bloomberg Businessweek expect the Company to report earnings per share of $0.51 in the quarter.
Denbury Resources, Inc. (Denbury) has entered into a new five-year revolving credit facility ("Facility") which replaces the Company's prior facility that was set to mature in May 2016. The new facility has a maximum facility size of $3.5 billion and an initial borrowing base of $3 billion.
Devon Energy Corporation (Devon) announced that its President and CEO John Richels will retire on July 31, 2015. John will be replaced by Dave Hager, who currently serves as Devon's Chief Operating Officer.
Diamond Offshore Drilling, Inc. (Diamond Offshore) plans to release its fourth quarter 2014 financial results on February 9, 2015. On the same day, the Company will also hold a conference call, which will include a discussion by the management regarding the Company's results of operation. According to Zacks Investment Research, the Company is expected to report earnings per share of $0.65 in the fourth quarter.
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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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