Project Update, Acquisition, Technical Update, Dividend Disbursement, and Sale of Assets - Research Reports on Kinder Morgan, MPC, Apache, Vale and Pioneer
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NEW YORK, October 8, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Kinder Morgan, Inc. (NYSE: KMI), Marathon Petroleum Corporation (NYSE: MPC), Apache Corp. (NYSE: APA), Vale S.A. (NYSE: VALE) and Pioneer Natural Resources Co. (NYSE: PXD). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7032-100free.
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Kinder Morgan, Inc. Research Reports
On September 30, 2014, Kinder Morgan Energy Partners, L.P. (KMP), owned by Kinder Morgan, Inc. (Kinder Morgan), announced the extension of the binding open season for the proposed Palmetto Project, which now extends from September 30, 2014 to October 30, 2014, 5:00 p.m. CT, to solicit commitments for the said project. The project provides shippers new refined products service to transport gasoline, diesel and ethanol from Louisiana, Mississippi and South Carolina to locations in South Carolina, Georgia and Florida. Ron McClain, President of Products Pipelines for KMP said, "The project remains on track for an in-service date of July 2017, pending a successful extended open season and regulatory approvals. We expect that extending the open season will enable us to obtain sufficient commitments to proceed with the project." According to KMP, as part of the project, a new 360-mile pipeline would also be created from Belton, South Carolina, to Jacksonville, Florida. The full research reports on Kinder Morgan are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/KMI/report.pdf
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Marathon Petroleum Corporation Research Reports
On September 30, 2014, Marathon Petroleum Corporation (MPC) announced that its subsidiary, Speedway LLC, has completed the acquisition of Hess' retail operations. The transaction included $2.37 billion base purchase price, capital leases worth $263 million and $194 million of working capital, depending on post-closing adjustments. Gary R. Heminger, MPC President and CEO stated, "This transformative acquisition provides Speedway a significant growth platform by expanding our retail presence to 23 states throughout the East Coast and Southeast." The full research reports on MPC are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/MPC/report.pdf
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Apache Corp. Research Reports
On October 3, 2014, shares in Apache Corp. (Apache) declined 2.02% to end the day at $86.95, compared to its previous day's close of $88.74, underperforming Dow Jones Industrial Average Index which gained 1.24% over the same day. Apache's stock opened the trading session at $88.77 and was trading below its 50-day and 200-day moving averages of $98.16 and $90.17, respectively. As of October 3, 2014, the stock had a market capitalization of $33.26 billion and stock beta of 1.43. The full research reports on Apache are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/APA/report.pdf
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Vale S.A. Research Reports
On September 29, 2014, Vale S.A. (Vale) announced that its Executive Board will submit to the Board of Directors the proposal for disbursement of the second installment of the minimum dividend of US$2.1 billion (equivalent to c.0.41 per common share as of August 29, 2014), in a meeting scheduled to be held on October 16, 2014. According to the Company, if the proposal gets accepted then the payment of US$2.1 billion will be made as of October 31, 2014. Vale has set the record date for the owners of shares traded on the BM&FBovespa as October 16, 2014, for the holders of ADRs traded on the NYSE and Euronext Paris as October 21, 2014, and for the holders of HDRs traded on the Hong Kong Stock Exchange is at the close of the business day in Hong Kong on October 21, 2014. The full research reports on Vale are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/VALE/report.pdf
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Pioneer Natural Resources Co. Research Reports
On September 24, 2014, Pioneer Natural Resources Co. (Pioneer) announced that it has completed the sale of its Barnett Shale assets in North Texas for $155 million in cash to an undisclosed private party, with the transaction in effect since August 1, 2014. As per the Company, the financial results and operations connected to Pioneer's Barnett Shale activities have been displayed as discontinued operations since its announcement to sell these assets in Q4 2013. The full research reports on Pioneer are available to download free of charge at:
http://www.analystsreview.com/Oct-08-2014/PXD/report.pdf
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