Operations Update, Upcoming Conference Calls, Public Offerings, and Agreements - Analyst Notes on CONSOL, National Fuel Gas, Bonanza Creek, Rice Energy and Talisman Energy
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NEW YORK, July 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding CONSOL Energy Inc. (NYSE: CNX), National Fuel Gas Co. (NYSE: NFG), Bonanza Creek Energy, Inc. (NYSE: BCEI), Rice Energy Inc (NYSE: RICE) and Talisman Energy Inc. (NYSE: TLM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4938-100free.
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CONSOL Energy Inc. Analyst Notes
On July 15, 2014, CONSOL Energy Inc. (CONSOL) provided its operations update for Q2 2014. The Company's 3-well NBL19 pad in northern Noble County, Ohio, had initial production rates exceeding 23 MMcfe per day, per lateral. CONSOL's NBL16 pad containing two wells, NBL16A and NBL16B, are expected to be turned into production in August 2014. Meanwhile, five wells at NBL18 are currently undergoing fracture stimulation. Also, the 3-well NBL30 pad is currently undergoing completion activity. NBL18 and NBL30 are expected to be turned into production in October 2014 and September, 2014, respectively. CONSOL's E&P division produced 51.9 Bcfe, up 34% YoY, while the coal division produced 8.3 million tons for Q2 2014. The Company now expects annual 2014 total gas production to be 225 - 235 Bcfe, while the annual 2014 total coal production guidance remains 31.0 - 33.0 million tons. The full analyst notes on CONSOL are available to download free of charge at:
http://www.analystsreview.com/Jul-22-2014/CNX/report.pdf
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National Fuel Gas Co. Analyst Notes
On July 8, 2014, National Fuel Gas Co. (National Fuel Gas) announced that it will broadcast its Q3 FY 2014 financial results via teleconference on August 8, 2014 at 11:00 a.m. ET. Ronald J. Tanski, President and CEO, Matthew D. Cabell, Senior Vice President of the Company and President of Seneca Resources Corporation, and David P. Bauer, Treasurer and Principal Financial Officer, will be hosting the call. The teleconference will be simultaneously broadcast over the internet and will be available on the Company's Investor Relations site, while its telephone and website replays can be accessed on the same day beginning at 3:00 p.m. ET and will remain on the site until August 15, 2014. The full analyst notes on National Fuel Gas are available to download free of charge at:
http://www.analystsreview.com/Jul-22-2014/NFG/report.pdf
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Bonanza Creek Energy, Inc. Analyst Notes
On July 15, 2014, Bonanza Creek Energy, Inc. (Bonanza Creek) announced its plans to publicly offer $300 million aggregate principal amount of senior unsecured notes due 2023. The proposed senior notes are pursuant to an effective shelf registration statement on Form S-3 filed with Securities and Exchange Commission (SEC). Bonanza Creek informed that the notes will be fully and unconditionally guaranteed on a senior unsecured basis by all of the Company's existing and future subsidiaries that incur or guarantee certain indebtedness. The Company stated that it plans to utilize a part of the net proceeds from the offering to repay all of the outstanding borrowings under its revolving credit facility and the remainder will be used for general corporate purposes. The full analyst notes on Bonanza Creek are available to download free of charge at:
http://www.analystsreview.com/Jul-22-2014/BCEI/report.pdf
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Rice Energy Inc Analyst Notes
On July 7, 2014, Rice Energy Inc. (Rice Energy) announced that it signed a definitive purchase and sale agreement to acquire approximately 22,000 net acres and 12 developed Marcellus wells located in western Green County, Pennsylvania from Chesapeake Appalachia, LLC and its partners for approximately $336 million. The transaction is expected to conclude in August 2014 subject to customary closing conditions, with an effective date of February 1, 2014. The Company stated that as of March 31, 2014, c.22,000 net acres represent a 24% increase in its net acreage position, and c.152 net risked locations represent a 47% increase to its Marcellus inventory of 325 net risked locations. The Company stated that it plans to fund the acquisition through a combination of cash on hand, borrowings under revolving credit facility, and is also evaluating equity capital markets. The full analyst notes on Rice Energy are available to download free of charge at:
http://www.analystsreview.com/Jul-22-2014/RICE/report.pdf
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Talisman Energy Inc. Analyst Notes
On July 14, 2014, Talisman Energy Inc. (Talisman Energy) reported that it will release its Q2 2014 financial results on July 29, 2014 before the market opens, followed by a conference call and webcast on the same day at 1:00 p.m. MT (3:00 p.m. ET). Hal Kvisle, President and CEO, and other members of the Senior Management, will discuss the results. The live audio webcast of the call will be made available on the Company's website, while its replay can be accessed until August 5, 2014 at 11:59 p.m. MT (01:59 a.m. ET). The full analyst notes on Talisman Energy are available to download free of charge at:
http://www.analystsreview.com/Jul-22-2014/TLM/report.pdf
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