Hydrocarbon Discovery, Earnings, Dividend, Upcoming Results, Stake Sale, and Technical Update - Research Reports on Petróleo Brasileiro, Southwestern, Energy Transfer Equity, Alcoa and Hess
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NEW YORK, October 29, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Petróleo Brasileiro S.A. (NYSE: PBR), Southwestern Energy Co. (NYSE: SWN), Energy Transfer Equity, L.P. (NYSE: ETE), Alcoa Inc. (NYSE: AA) and Hess Corporation (NYSE: HES). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7525-100free.
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Petróleo Brasileiro S.A. Research Reports
On October 24, 2014, Petróleo Brasileiro S.A. (Petroleo Brasileiro) announced the discovery of a hydrocarbon accumulation in deep waters of the Espírito Santo Basin post-salt. The hydrocarbon was extracted by drilling well 4-BRSA-1265-ESS/4-GLF-42-ESS, also known as Lontra, at a water depth of 1,319 meters. The well lies in the interior of the Golfinho production concession area and the Company operates and holds 100% of the said area. The full research reports on Petróleo Brasileiro are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/PBR/report.pdf
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Southwestern Energy Co. Research Reports
On October 23, 2014, Southwestern Energy Co. (Southwestern) announced its financial and operating results for Q3 2014. The net income for the quarter came in at $211 million, up 13.4% YoY, and diluted EPS was $0.60 as compared to $0.53 in Q3 2013. The Company reported record gas and oil production of 196 Billions Of Cubic Feet Equivalent (Bcfe) during Q3 2014, up 14% YoY, including 46.7% YoY growth in Marcellus Shale production and 2.4% YoY increase in production in the Fayetteville Shale. The Company highlights that as of September 30, 2014, it had 234 operated wells on production and 102 wells in progress in the Marcellus Shale and one additional well is scheduled to be drilled in Q4 2014 and in Q3 2014. Further, Southwestern placed 106 new wells on production in the Fayetteville Shale. "The strength of the portfolio continues to demonstrate our ability to generate record production and attractive returns," commented Steve Mueller, President and CEO of Southwestern. The full research reports on Southwestern are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/SWN/report.pdf
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Energy Transfer Equity, L.P. Research Reports
On October 21, 2014, Energy Transfer Equity, L.P. (Energy Transfer Equity) announced that its Board of Directors have approved a $0.035 increase in its quarterly cash distribution to $0.415 per common unit or $1.66 per unit on an annualized basis, reflecting an increase of 23.4% on an annualized basis as compared to Q3 2013. The cash distribution is payable on November 19, 2014 to unitholders as of the close of business on November 3, 2014. The Company also announced that it plans to release its financials for Q3 2014 after closing of the market on November 5, 2014. The results will be followed by a joint conference on November 6, 2014, at 8:00 a.m. CT, to review the Company's present financial performance. The full research reports on Energy Transfer Equity are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/ETE/report.pdf
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Alcoa Inc. Research Reports
On October 23, 2014, Alcoa Inc. (Alcoa), under a strategic move, announced reaching an agreement to sell its ownership stake in the Mt. Holly aluminum smelter in Goose Creek, South Carolina, to Century Aluminum Company (Century). The total value of transaction is $67.5 million in cash, plus an additional potential earn-out. Mt. Holly is owned 50.3% by Alcoa and 49.7% by Century. The Company reported that the sale is in line with its strategy to lower the cost profile of its upstream portfolio and its position on the world aluminum production cost curve to the 38th percentile by 2016. The transaction is expected to be complete by the end of Q4 2014. Bob Wilt, President, Alcoa Global Primary Products said, "While Mt. Holly is a strong facility, its cost structure doesn't match Alcoa's criteria for a low cost portfolio of upstream assets." The full research reports on Alcoa are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/AA/report.pdf
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Hess Corporation Research Reports
On October 24, 2014, the stock of Hess Corporation (Hess) rose 0.16% to end the trading session at $82.35. During the session, shares in Hess opened at $81.76 and fluctuated in the range of $80.73 - $82.78, with a total of 2.52 million shares changing hands. Moreover, the stock was below its 50-day and 200-day moving averages of $92.98 and $89.02, respectively. Over the last one month, the Company's stock has declined by 13.48%, compared to the S&P 500 Energy (Sector) index which fell 5.29% during the same period. The full research reports on Hess are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/HES/report.pdf
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