Third Quarter Results, Stake Sale, Merger Update, and Upcoming Product Launch - Research Reports on Marathon Oil, SeaDrill, Athlon Energy, Air Products and Weatherford
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NEW YORK, November 7, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Marathon Oil Corporation (NYSE: MRO), SeaDrill Limited (NYSE: SDRL), Athlon Energy Inc. (NYSE: ATHL), Air Products & Chemicals Inc. (NYSE: APD) and Weatherford International plc (NYSE: WFT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7791-100free.
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Marathon Oil Corporation Research Reports
On November 3, 2014, Marathon Oil Corporation (Marathon Oil) released its Q3 2014 financial results. Total revenues and other income for the quarter was $3.0 billion, down 5.0% YoY. On a segmental basis, the north American E&P segment reported income of $292 million, up 20.7% YoY led higher net sales volumes from the U.S. resource plays, and partially offset by lower crude oil price realizations and expenses associated with the higher net sales volumes. On the other hand, the international E&P segment posted income of $106 million, down 44.8% YoY due to lower net sales volumes in the U.K. and Equatorial Guinea and lower commodity price realizations, partially offset by reduced taxes and other expenses associated with the lower sales volumes. The Company's Oil Sands Mining segment reported income of $93 million, down 12.3% YoY. Net income was $431 million, down 24.3% YoY. The total sales volume of Marathon Oil from continuing operations (excluding Libya) averaged 411,000 net barrels of oil equivalent per day (boed), up 7.6% YoY. The Company reported adjusted diluted EPS from continuing operations of $0.57 which remained in line with Zacks consensus estimate of $0.58. The full research reports on Marathon Oil are available to download free of charge at:
http://www.analystsreview.com/Nov-07-2014/MRO/report.pdf
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SeaDrill Limited Research Reports
On November 4, 2014, SeaDrill Limited (SeaDrill) announced that it has signed an agreement with Seadrill Partners, under which the Company will sell the ultra-deepwater drillship the West Vela to Seadrill Capricorn Holdings LLC (Capricorn Holdings), Seadrill Partners' 51% owned subsidiary. The Company expects to close the transaction within three days of the announcement. The purchase price is of the acquisition is $900 million, less $433 million of debt outstanding under the existing facility financing the West Vela. And based on Seadrill Partners' 51% ownership of Capricorn Holdings, its portion of the net purchase price after debt will be $238 million. The full research reports on SeaDrill are available to download free of charge at:
http://www.analystsreview.com/Nov-07-2014/SDRL/report.pdf
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Athlon Energy Inc. Research Reports
On November 3, 2014, NASDAQ reported that Encana Corp. has extended its tender offer for Athlon Energy Inc (Athlon Energy) from November 7, 2014 to November 12, 2014, in connection with a memorandum of understanding for a settlement of lawsuits related to the merger agreement. The Nasdaq report also highlighted an amendment in Encana Corp's merger agreement with Athlon, which include a requirement for Athlon to publicly disclose other acquisition proposals it may receive, and a reduction in the termination fee to $59.3 million from $207.5 million. According to the report, Encana Corp. agreed in September 2014 to buy Athlon for $5.93 billion in cash, or $58.50 a share. The full research reports on Athlon Energy are available to download free of charge at:
http://www.analystsreview.com/Nov-07-2014/ATHL/report.pdf
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Air Products & Chemicals Inc. Research Reports
On November 4, 2014, Air Products & Chemicals Inc. (Air Products) reported that it will launch its Maxx™ Pak portable shielding gas blending system at FABTECH 2014 in Atlanta, Georgia, from November 11-13, 2014. As per the Company, the portable shielding gas blending system helps managing multiple welding stations from single blending gas system, providing welders the flexibility to move the gas supply where needed and remove the moving and handling of individual cylinders. The Company adds that new system also help welders to blend gases on-site in a more effective and economical manner. The full research reports on Air Products are available to download free of charge at:
http://www.analystsreview.com/Nov-07-2014/APD/report.pdf
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Weatherford International plc Research Reports
On October 22, 2014, Weatherford International plc (Weatherford) released its Q3 2014 results. The Company posted total net revenues of $3.9 billion, up 1.5% YoY led by sales growth in North America region which contributed 46.8% to the total revenues, as compared to 41.8% contribution in Q3 2013. The improvements in the North America region were led by Company's Formation Evaluation, Artificial Lift, Well Construction and Completion product lines. The Company reported net income of $77 million, as compared to $22 million in Q3 2013, with diluted EPS of $0.10 in comparison to $0.03 in Q3 2013. The full research reports on Weatherford are available to download free of charge at:
http://www.analystsreview.com/Nov-07-2014/WFT/report.pdf
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