Strategic Divestitures, Upcoming Quarterly Results, and Project Updates - Analyst Notes on Encana, Agnico Eagle, Yamana, Randgold and Statoil
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NEW YORK, July 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Encana Corporation (NYSE: ECA), Agnico Eagle Mines Ltd (NYSE: AEM), Yamana Gold Inc. (NYSE: AUY), Randgold Resources Ltd (NASDAQ: GOLD) and Statoil ASA (NYSE: STO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4393-100free.
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Encana Corporation Analyst Notes
On June 27, 2014, Encana Corporation (Encana) announced the divestiture of its Big Horn assets to Jupiter Resources for approximately $1.8 billion (CAD2.0 billion). According to the Company, the sale includes approximately 360,000 net acres of land along with Encana's working interests in all pipelines, facilities and service arrangements. Doug Suttles, Encana President & CEO remarked, "This transaction advances our strategy by unlocking value from our portfolio as we focus on developing our core growth plays and extracting additional value from our base assets. Bighorn is a high quality asset that has not been receiving significant investment in 2014. Going forward, it should serve as an excellent foundational asset for Jupiter Resources." The transaction is expected to close by the end of Q3 2014. Encana also plans to update its 2014 guidance, which will consider the impact of all completed transactions to date, in conjunction with the announcement of its Q2 2014 earnings on July 24, 2014. The full analyst notes on Encana are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/ECA/report.pdf
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Agnico Eagle Mines Ltd Analyst Notes
On June 27, 2014, Agnico Eagle Mines Ltd (Agnico Eagle) announced that it has scheduled to issue its Q2 2014 financial and operating results on Wednesday, July 30, 2014 after market hours. A conference call to discuss these results will take place the following day, Thursday, July 31, 2014 at 11:00 a.m. EST and will be hosted by the Company's senior management. The call will be webcast and available at Agnico Eagle's website, while a replay of the call will be available at the same location for a period of 180 days. The full analyst notes on Agnico Eagle are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/AEM/report.pdf
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Yamana Gold Inc. Analyst Notes
On June 30, 2014, Yamana Gold Inc. (Yamana) announced that its Q2 2014 financial results will be released on July 30, 2014 after normal trading hours. A conference call to discuss the results will follow on July 31, 2014 at 9:00 a.m. ET. The call will be webcast over Yamana's website while the replay will be available from 12:00 p.m. ET on July 31, 2014 until 11:59 p.m. ET on August 14, 2014. The full analyst notes on Yamana are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/AUY/report.pdf
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Randgold Resources Ltd Analyst Notes
On June 30, 2014, Randgold Resources Ltd's (Randgold) stock increased by 1.51% to end trading at $84.60. The shares of the Company posted a massive gain of 14.42% over the last one month of trading, and significantly outperformed the broader market index Nasdaq Composite, which gained 3.89% over the same period of time. The full analyst notes on Randgold are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/GOLD/report.pdf
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Statoil ASA Analyst Notes
On June 30, 2014, Statoil ASA (Statoil) announced that the Company, together with its partners in the Johan Castberg licence - Eni and Petoro-will spend more time to formulate the final concept selection for the Johan Castberg project. Arne Sigve Nylund, Statoil Executive Vice President for Development and Production Norway commented, "The companies will continue efforts to mature the technical development solution, updating the resource basis and reducing cost leading up to the summer of 2015. The partners will also further assess the financial basis for an oil terminal at Veidnes." In its role as operator of the Johan Castberg licence, the Company has carried out an extensive exploration campaign in order to prove additional resources that can make Johan Castberg sufficiently viable for an expanded infrastructure in the region. Statoil informed that the exploration campaign lasted in excess of 12 months, and comprised a total of five wells at multiple reservoir depths. The full analyst notes on Statoil are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/STO/report.pdf
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