New Projects, Divestures, Asset Exchange Transactions, Corporate Updates, and Partnerships - Analyst Notes on ExxonMobil, Freeport-McMoRan, EQT, Targa Resources Partners and CONSOL Energy
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Exxon Mobil Corporation (NYSE: XOM), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), EQT Corporation (NYSE: EQT), Targa Resources Partners LP (NYSE: NGLS) and CONSOL Energy Inc. (NYSE: CNX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4080-100free.
Exxon Mobil Corporation Analyst Notes
On June 19, 2014, Exxon Mobil Corporation (ExxonMobil) announced that it has commenced construction of a multi-billion dollar ethane cracker that has a capacity of up to 1.5 million tons per year at its Baytown, Texas, complex, as well as associated premium product facilities in nearby Mont Belvieu. The Company stated that the new ethane cracker will provide ethylene feedstock for downstream chemical processing, including processing at two new polyethylene lines at its plastics plant in Mont Belvieu. The Company added that this project will create around 10,000 construction jobs, 4,000 related jobs in nearby Houston communities, and an additional 350 permanent positions at the Baytown complex. According to the Company, construction will begin immediately following the contracts that have been awarded to Linde Engineering North America, Inc. and Bechtel Oil, Gas, and Chemicals, Inc. The full analyst notes on ExxonMobil are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/XOM/report.pdf
Freeport-McMoRan Copper & Gold Inc. Analyst Notes
On June 20, 2014, Freeport-McMoRan Copper & Gold Inc. (Freeport-McMoRan) announced that Freeport-McMoRan Oil & Gas (FM O&G), its oil and gas subsidiary, has completed its previously announced sale of its Eagle Ford Shale assets to a subsidiary of Encana Corporation (Encana). According to the Company, the sale has a cash consideration of $3.1 billion, before closing adjustments from the effective date of April 1, 2014, through the closing date. The Company informed that the Eagle Ford Shale assets include all of FM O&G's interests on approximately 45,500 net acres with estimated net proved reserves that totals to 59 million barrels of oil equivalents (BOE) and estimated net proved and probable reserves of 69 million BOE at year-end 2013. In another announcement on the same day, the Company stated that it expects to complete the acquisition of interests in the Deepwater Gulf of Mexico from Apache on June 30, 2014. The full analyst notes on Freeport-McMoRan are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/FCX/report.pdf
EQT Corporation Analyst Notes
On June 16, 2014, EQT Corporation (EQT) and Range Resources Corporation (Range) announced the completion of the previously announced asset exchange which was announced in late April 2014. The Company stated that in the said asset exchange, EQT received approximately 73,000 net acres and more than 900 producing wells in the Permian Basin of Texas, while Range received approximately 138,000 net acres and the remaining interest in a supporting gathering system in the Nora Field of Virginia, plus additional $145 million cash, less the normal post-closing adjustments. The full analyst notes on EQT are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/EQT/report.pdf
Targa Resources Partners LP Analyst Notes
On June 19, 2014, Targa Resources Partners LP (Targa Resources Partners) and Targa Resources Corp. (TRC) announced that they have previously participated in high-level preliminary discussions about a potential business combination with Energy Transfer Equity, L.P. and certain of its affiliates. The Company added that, however, the said discussions have been terminated and that there are no guarantees if they will resume the discussions or whether there will be any agreements in the future. The full analyst notes on Targa Resources Partners are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/NGLS/report.pdf
CONSOL Energy Inc. Analyst Notes
On June 12, 2014, CONSOL Energy Inc. (CONSOL Energy) announced that together with Noble Energy, Inc. (Noble Energy), its Marcellus Shale joint venture partner, they plan to form a master limited partnership (MLP) to provide midstream gathering services for production from their Marcellus Shale-based jointly owned acreage. Further both companies have caused a draft registration statement on Form S-1 for an initial public offering (IPO) of MLP's units, to be confidentially submitted to the U.S. Securities and Exchange Commission (SEC). The Company stated that following the closing of the IPO, which is expected to be completed late in the third quarter or early in the fourth quarter of 2014, CONSOL Energy and Noble Energy will control the general partner of the MLP, which will own the incentive distribution rights and will collectively own a majority of the limited partner interests of the MLP. The full analyst notes on CONSOL Energy are available to download free of charge at:
http://www.analystsreview.com/Jun-25-2014/CNX/report.pdf
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
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.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article