Technical Updates, Private Placement, Upcoming Event, and Joint Venture - Research Reports on United States Steel, Occidental, National Oilwell Varco, Anadarko and Digital Realty
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NEW YORK, September 16, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding United States Steel Corp. (NYSE: X), Occidental Petroleum Corporation (NYSE: OXY), National Oilwell Varco, Inc. (NYSE: NOV), Anadarko Petroleum Corporation (NYSE: APC) and Digital Realty Trust Inc. (NYSE: DLR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6495-100free.
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United States Steel Corp. Research Reports
On September 11, 2014, United States Steel Corp.'s (United States Steel) stock rallied 4.74%, closing the day at $40.20. After opening at $38.27, the shares moved in the range of $38.21-$40.27. The Company recorded a trading volume of 7.7 million shares, close to its 30-day average trading volume of 7.9 million. The stock has returned 12.67% in the last one month, compared to S&P 500 that moved up 3.29% during the same time period. The Company stock closed above its 50-day and 200-day moving averages of $33.29 and $27.87, respectively. The full research reports on United States Steel are available to download free of charge at:
http://www.analystsreview.com/Sep-16-2014/X/report.pdf
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Occidental Petroleum Corporation Research Reports
On September 3, 2014, a news update released on Law360 reported that California Resources Corp., a wholly owned subsidiary of Occidental Petroleum Corporation (Occidental), intends to raise $5 billion through private placement in connection with its planned spin-off from Occidental. Law360 stated that the proceeds from the offering will be used for cash distribution to Occidental. The senior notes are anticipated to be issued in three separate series maturing in 2020, 2021 and 2024, respectively, and will initially be fully and unconditionally guaranteed on a senior unsecured basis. Law360 further reported that shares in California Resources will be distributed to Occidental stockholders on the completion of the spin-off, which is expected by late 2014 or early 2015. The full research reports on Occidental are available to download free of charge at:
http://www.analystsreview.com/Sep-16-2014/OXY/report.pdf
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National Oilwell Varco, Inc. Research Reports
On September 11, 2014, National Oilwell Varco, Inc.'s (National Oilwell Varco) shares gained 1.23% to close the session at $82.49. The stock opened the session at $80.96 and oscillated in the range of $80.80-$82.53, with 3.1 million shares changing hands. The stock has returned 7.05% in the last three months, compared to the Dow Jones Industrial Average which gained 1.88% during this period. The stock closed below its 50-day and 200-day moving averages of $83.07 and $73.86, respectively. The full research reports on National Oilwell Varco are available to download free of charge at:
http://www.analystsreview.com/Sep-16-2014/NOV/report.pdf
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Anadarko Petroleum Corporation Research Reports
On September 8, 2014, Anadarko Petroleum Corporation (Anadarko) announced its participation at the upcoming 2014 UBS Houston Energy Bus-less Tour. The Company informed that Ernie Leyendecker, Senior Vice President, Gulf of Mexico Exploration, will present at the event on Thursday, September 18, 2014 at 8:45 a.m. CDT. A link to the audio webcast presentation will be available on Anadarko's website. The full research reports on Anadarko are available to download free of charge at:
http://www.analystsreview.com/Sep-16-2014/APC/report.pdf
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Digital Realty Trust Inc. Research Reports
On September 9, 2014, Digital Realty Trust Inc. (Digital Realty) announced that a joint venture worth $187.6 million has been formed between an affiliate of the Company and an affiliate of Griffin Capital Essential Asset REIT, Inc. (GCEAR). Digital Realty will hold a 20% interest in the joint venture while GCEAR will hold the remaining 80%. The Company stated that it has contributed an approximately 132,280 square foot Turn-Key Flex® data center in Ashburn, Virginia valued at c. $185.5 million (excluding $2.1 million of closing costs), or $20,611 per kW, to the joint venture. The Company expects the property to generate forward 12-month cash net operating income of c. $13.1 million, representing a 7.05% cap rate. Digital Realty informed that the joint venture has arranged a five-year bank loan of $102.0 million at LIBOR plus 225 basis points. According to the Company, the transaction resulted in net proceeds of c. $168.4 million to Digital Realty. The full research reports on Digital Realty are available to download free of charge at:
http://www.analystsreview.com/Sep-16-2014/DLR/report.pdf
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