Merger Agreements, JV Updates, New Facilities, and Technical Updates - Research Reports on Athlon, Occidental Petroleum, ConocoPhillips, Dow Chemical and Valero Energy
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NEW YORK, October 2, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Athlon Energy Inc. (NYSE: ATHL), Occidental Petroleum Corporation (NYSE: OXY), ConocoPhillips (NYSE: COP), The Dow Chemical Company (NYSE: DOW) and Valero Energy Corporation (NYSE: VLO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6930-100free.
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Athlon Energy Inc. Research Reports
On September 29, 2014, Athlon Energy Inc. (Athlon) along with Encana Corporation (Encana) announced that the two companies have entered into a definitive merger agreement, under which Encana will acquire all of the issued and outstanding shares of common stock of Athlon in an all-cash tender offer (the "Offer") for $5.93 billion ($58.50 per share). As a part of the agreement, Encana will also assume Athlon's $1.15 billion of senior notes. Athlon stated that its board of directors has unanimously recommended to its shareholders that they tender to the offer. As per the release, the acquisition will add Athlon's land position of approximately 140,000 net acres focused solely in the heart of the oil-rich Midland Basin to Encana's portfolio, thus giving Encana a seventh growth area. Bob Reeves, Chairman, President & CEO of Athlon. "Through tireless dedication and hard work, our team has built a high rate-of-return oil manufacturing process in the heart of the world-class Midland Basin. With Encana's exceptional resources and the collective expertise of both teams, the next phase will accelerate development and ultimately realize the full potential of the deep inventory of premier projects." The full research reports on Athlon are available to download free of charge at:
http://www.analystsreview.com/Oct-02-2014/ATHL/report.pdf
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Occidental Petroleum Corporation Research Reports
On September 29, 2014, Occidental Petroleum Corporation's (Occidental Petroleum) stock declined 1.14% to close Monday's session at $97.23. Shares in Occidental Petroleum opened the session at $97.00 and oscillated in the range of $96.01 - $97.46. A total of 5.16 million shares were traded during the session, higher than its 30-day average volume of 3.49 million shares. The stock closed below its 50- day moving average of $99.42 which is above its 200-day moving average of $95.72. Moreover, at the end of the day, the two week RSI reading came in at 42.88 suggesting that the stock is nearing the oversold territory. The full research reports on Occidental Petroleum are available to download free of charge at:
http://www.analystsreview.com/Oct-02-2014/OXY/report.pdf
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ConocoPhillips Research Reports
On September 19, 2014, Forbes reported that ConocoPhillips' joint venture partner in the FCCL Partnership - Cenovus Energy, recently announced first production from the Phase F of the Foster Creek project. As per Forbes, Cenovus Energy expects production from the new unit to reach 5,000 barrels per day (bpd) by the end of 2014 and the peak of 30,000 bpd in the next 12 to 18 months. Forbes stated that this commencement of production is expected to boost the FCCL Partnership's bitumen production, which will lead to an increase in ConocoPhillips' equity earnings from its affiliates. The full research reports on ConocoPhillips are available to download free of charge at:
http://www.analystsreview.com/Oct-02-2014/COP/report.pdf
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The Dow Chemical Company Research Reports
On September 24, 2014, The Dow Chemical Company (Dow Chemical) announced that its business unit - Dow Electronic Materials, will start construction of the world's first, large-scale, cadmium-free quantum dot manufacturing operation at the Company's Cheonan, South Korea site. Previously announced in January 2013, the new facility will enable the manufacture of millions of quantum dot televisions and other display applications to meet growing consumer demand. According to Dow Chemical, production at the new facility is expected to begin in H1 2015. "Today's announcement signals the display industry's desire to move toward quantum dots for brilliant color in displays, but without the use of cadmium," said Dr. C.G. Park, Global Business Director, Dow Electronic Materials' Display Technologies. "Anytime we can enable our customers to develop extraordinary products for a more sustainable future, it's a win for our customers, consumers and the environment." The full research reports on Dow Chemical are available to download free of charge at:
http://www.analystsreview.com/Oct-02-2014/DOW/report.pdf
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Valero Energy Corporation Research Reports
On September 29, 2014, shares in Valero Energy Corporation (Valero Energy) declined 0.53% to close Monday's session at $46.77. The stock opened the session at $46.50 and oscillated in the range of $46.24 - $47.25. A total of 7.31 million shares were traded during the session, higher than its 30-day average volume of 6.98 million shares. The stock closed below its 50-day and 200-day moving averages of $50.58 and $51.59, respectively. In the past one month, the stock has fallen by 13.61% compared to NYSE composite which declined 2.69% during the same time period. Moreover, at the end of the day, the two week RSI reading came in at 32.28, suggesting that the stock is nearly in the oversold territory. The full research reports on Valero Energy are available to download free of charge at:
http://www.analystsreview.com/Oct-02-2014/VLO/report.pdf
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