Production Update, Transfer of Ownership, IPO, Technical Update, and New Contract - Research Reports on Petroleo Brasileiro, Alcoa, Hess, Devon Energy and Air Products
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NEW YORK, October 20, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Petroleo Brasileiro Petrobras SA (NYSE: PBR), Alcoa Inc. (NYSE: AA), Hess Corporation (NYSE: HES), Devon Energy Corporation (NYSE: DVN) and Air Products & Chemicals Inc. (NYSE: APD). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7294-100free.
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Petroleo Brasileiro Petrobras SA Research Reports
On October 15, 2014, Petroleo Brasileiro Petrobras SA (Petroleo Brasileiro) announced the total oil and gas production for September 2014. The Company's consolidated oil and gas production in Brazil and overseas for the month of September increased to 2,781 thousand barrels of oil equivalent per day (boed), up 0.8% MoM. The oil production in Brazil averaged 2,118 thousand barrels per day, up 0.6% MoM and the total oil and gas production in Brazil came in at 2,565 thousand boed, up 0.5% MoM. Natural gas production in Brazil rose 0.2% to 71 million 137 thousand m³/d in September. As per the Company, the growth in production was primarily influenced by the ramp up of platforms P-55 and P-62, at Roncador (Campos Basin), and of FPSO Cidade de Paraty, at Lula Nordeste (Santos Basin). The full research reports on Petroleo Brasileiro are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/PBR/report.pdf
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Alcoa Inc. Research Reports
On October 15, 2014, Alcoa Inc. (Alcoa) announced that it has signed a definitive agreement with Noble Group Ltd (Noble), under which Alcoa World Alumina and Chemicals (AWAC) will sell 100% of its ownership stake in the Jamalco bauxite mining and alumina refining joint venture to Noble for $140 million. The Company stated that AWAC will remain as the managing operator for three years under a compensated service agreement and employees will remain employed by Jamalco. Alcoa informed that the Jamalco joint venture is 55% owned by Alcoa Minerals of Jamaica (AMJ) and 45% owned by Clarendon Alumina Production Ltd. Also, AMJ is part of the AWAC joint venture, which is owned 60% by Alcoa and 40% by Alumina Limited. The sale is anticipated to close by the end of Q4 2014, subject to customary regulatory approvals. The full research reports on Alcoa are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/AA/report.pdf
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Hess Corporation Research Reports
On September 24, 2014, Hess Corporation (Hess) announced that Hess Midstream Partners LP (Hess MLP), a wholly owned subsidiary of Hess, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) regarding its proposed initial public offering of common units representing limited partner interests. Hess MLP plans to list its common units on NYSE under the symbol 'HESM'. According to the Company, the initial assets of Hess MLP will be contributed by Hess. The offering is expected to close in Q1 2015. On September 26, 2014, TheStreet reported that with this spinoff, the Company will monetize Hess MLP's assets and deliver a tax advantage to its shareholders. The full research reports on Hess are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/HES/report.pdf
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Devon Energy Corporation Research Reports
On October 15, 2014, shares in Devon Energy Corporation (Devon Energy) declined 0.20% to end the day at $55.14, compared to its previous day's close of $55.25. The stock of Devon Energy, an independent oil and natural gas exploration and production company, underperformed the S&P 500 Energy Index which ended the session 0.43% higher at 591.42. The Company's stock opened the trading session at $54.09 and fluctuated between $53.34 and $55.54. Moreover, Devon Energy's shares closed below its 50-day and 200-day moving averages of $69.88 and $68.97, respectively. The full research reports on Devon Energy are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/DVN/report.pdf
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Air Products & Chemicals Inc. Research Reports
On October 6, 2014, Air Products & Chemicals Inc. (Air Products) announced that it has signed an agreement to be the hydrogen fueling station and technology contractor for FirstElement Fuel, Inc.'s initial network of 19 hydrogen fueling stations to be built through California in 2015. Ed Kiczek, Global Business Director - Hydrogen Energy Systems at Air Products stated, "This is recognition of Air Products' innovative hydrogen capabilities. Our hydrogen fueling station technology is a product that has a small footprint, can be placed on-site at existing retail gasoline fueling stations, and is also cost-effective. We are excited to be a part of the project team and to have been selected by FirstElement Fuel to supply the station infrastructure and the hydrogen fuel for this impressive effort." The full research reports on Air Products are available to download free of charge at:
http://www.analystsreview.com/Oct-20-2014/APD/report.pdf
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