Upcoming Results, Asset Sale, and Acquisitions - Analyst Notes on Halliburton, Marathon Oil, Vale, Pioneer and Seadrill
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, June 5, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Halliburton Company (NYSE: HAL), Marathon Oil Corporation (NYSE: MRO), Vale SA (ADR) (NYSE: VALE), Pioneer Natural Resources (NYSE: PXD) and Seadrill Ltd. (NYSE: SDRL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3403-100free.
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Halliburton Company Analyst Notes
On June 2, 2014, shares in Halliburton Company (Halliburton) increased by 0.57% to close trading at $65.01. Over the past month of trading, Halliburton's stock gained 1.80% while the S&P 500 also gained 2.33% over that same period. The full analyst notes on Halliburton are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/HAL/report.pdf
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Marathon Oil Corporation Analyst Notes
On June 2, 2014, Marathon Oil Corporation (Marathon Oil) reported that it has signed a definitive agreement with Det norske oljeselskap ASA. Under the agreement, Det norske will purchase Marathon Oil Norge AS, the Company's wholly-owned subsidiary, for a total transaction value of $2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price, Marathon Oil expects net proceeds of approximately $2.1 billion at closing. Lee M. Tillman, Marathon Oil President and CEO remarked, "The sale of our Norway assets advances one of our key 2014 priorities and further demonstrates our commitment to rigorous portfolio management to simplify and concentrate our business. Since becoming an independent E&P company in 2011, Marathon Oil has executed $6.2 billion of strategic divestitures repositioning the portfolio for future growth and profitability." The effective date of the transaction is January 1, 2014 and is expected to close in Q4 2014. The full analyst notes on Marathon Oil are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/MRO/report.pdf
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Vale SA (ADR) Analyst Notes
On June 2, 2014, Vale SA (ADR)'s (Vale) stock increased 0.71% to close trading at $12.84. Over the past five days of trading, Vale's stock dropped 2.58% while the Dow gained 0.83% during that same period. The full analyst notes on Vale are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/VALE/report.pdf
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Pioneer Natural Resources Analyst Notes
On June 2, 2014, Pioneer Natural Resources (Pioneer) announced that it will issue its Q2 2014 financial results on Monday, August 4, 2014, after the market close. A conference call hosted by the Company to discuss the results will follow on Tuesday, August 5, 2014 at 9:00 a.m. CT. The full analyst notes on Pioneer are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/PXD/report.pdf
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Seadrill Ltd. Analyst Notes
On June 2, 2014, Seadrill Ltd. (Seadrill) reported that it has acquired a contract with Total Upstream Nigeria Ltd. for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria. According to Seadrill, West Jupiter is one of eight 6th generation drillships currently under construction for the Company. The rig will be outfitted to work in up to 10,000 ft of water and is capable of water depths up to 12,000 ft and drilling depths up to 37,500 ft. The Company informed that West Jupiter is expected to be delivered from the Samsung Heavy Industries shipyard in Geoje, South Korea in August 2014. The Company also mentioned that the five-year contract has a total revenue potential for the primary contract term of approximately US$1.1 billion inclusive of mobilization. The full analyst notes on Seadrill are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/SDRL/report.pdf
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