Executive Appointment, Interim Update on Quarterly Results, and Conference Call Schedule - Analyst Notes on Whiting, Valero Energy, Occidental Petroleum, EP Energy and Swift Energy
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NEW YORK, July 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Whiting Petroleum Corp. (NYSE: WLL), Valero Energy Corporation (NYSE: VLO), Occidental Petroleum Corporation (NYSE: OXY), EP Energy Corporation (NYSE: EPE) and Swift Energy Co. (NYSE: SFY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4869-100free.
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Whiting Petroleum Corp. Analyst Notes
On July 13, 2014, Whiting Petroleum Corp. (Whiting) announced that it has entered into a definitive agreement to acquire Kodiak in a transaction valued at $6.0 billion. The combined company is expected to create the largest Bakken/Three Forks producer with its leading oil-weighted platform which can drive meaningful production and operational synergies through complementary acreage positions. In addition, the all-stock transaction enhances the combined company's scale, providing a robust credit profile and improved financial flexibility. Whiting Chairman, CEO and President James J. Volker commented, "We believe this transaction represents a significant opportunity for both Whiting and Kodiak shareholders to benefit from the strength of our combined company. The addition of Kodiak's complementary acreage position and substantial inventory of high return drilling locations will provide the opportunity to drive significant value growth for both Whiting and Kodiak shareholders through an acceleration in drilling and increase in operational efficiencies." The full analyst notes on Whiting are available to download free of charge at:
http://www.analystsreview.com/Jul-18-2014/WLL/report.pdf
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Valero Energy Corporation Analyst Notes
On July 14, 2014, Valero Energy Corporation (Valero Energy) announced that it expects a Q2 2014 income from continuing operations in the range of $1.10 to $1.25 per share. The Company also expects to report a loss from discontinued operations of $63 million, or $0.12 per share, related to a non-cash charge associated with recognizing an asset retirement obligation for the Aruba refinery. Refining segment operating income for Q2 2014 is anticipated to be higher compared with Q2 2014 due to higher throughput volumes, as well as wider discounts on sour crude oil and certain types of North American light crude oil. The Company will host a conference call on July 30, 2014, following its earnings release which will be published earlier that day. The full analyst notes on Valero Energy are available to download free of charge at:
http://www.analystsreview.com/Jul-18-2014/VLO/report.pdf
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Occidental Petroleum Corporation Analyst Notes
On July 11, 2014, Occidental Petroleum Corporation (Occidental Petroleum) announced the responsibilities following the recent leadership appointments in its subsidiary California Resources Corporation (CRC), under which WCW (Willie) Chiang will serve as Executive Vice President of Operations, Vicki A. Hollub as President of Occidental Oil and Gas for Americas, and Edward A. (Sandy) Lowe's as President of Occidental Oil and Gas for International, with all the appointments effective immediately. The Company also announced executives who will operate as functional leaders namely Marcia Backus, who will assume the roles of Corporate Secretary and Chief Compliance Officer; Chris Stavros, who was appointed as Executive Vice President and Chief Financial Officer; Glenn Vangolen, who will serve as Executive Vice President of Business Support; and Cynthia Walker, who was appointed to Executive Vice President of Strategy and Development. The full analyst notes on Occidental Petroleum are available to download free of charge at:
http://www.analystsreview.com/Jul-18-2014/OXY/report.pdf
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EP Energy Corporation Analyst Notes
On July 3, 2014, EP Energy Corporation (EP Energy) announced that it plans to publish its Q2 2014 financial results on Wednesday, August 6, 2014, after the market closes. It will also host a conference call the following day, August 7, 2014, at 9:00 a.m. ET/8:00 a.m. CT to review the results. The webcast of the call can be accessed via the Investor Center section of the Company's website. The full analyst notes on EP Energy are available to download free of charge at:
http://www.analystsreview.com/Jul-18-2014/EPE/report.pdf
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Swift Energy Co. Analyst Notes
On July 1, 2014, Swift Energy Co. (Swift Energy) announced that it expects to release its Q2 2014 financial results on Thursday, July 31, 2014, before the market opens. The Company will also host a conference call on the same day at 9:00 a.m. CDT to discuss the results. The webcast of the call can be accessed via the Company's website. The full analyst notes on Swift Energy are available to download free of charge at:
http://www.analystsreview.com/Jul-18-2014/SFY/report.pdf
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