What Fuels the Energy Sector? Complementary Research on Energy Transfer Partners, Transocean, Denbury Resources, Halcon and Oasis Petroleum
NEW YORK, May 5, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Energy Transfer Partners LP (NYSE: ETP), Transocean Ltd. (NYSE: RIG), Denbury Resources Inc. (NYSE: DNR), Halcon Resources Corporation (NYSE: HK), and Oasis Petroleum Inc. (NYSE: OAS). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
ETP Research Report: ( http://get.analystsreview.com/pdf/?c=Energy%20Transfer%20Partners&d=05-May-2015&s=ETP ),
RIG Research Report: ( http://get.analystsreview.com/pdf/?c=Transocean&d=05-May-2015&s=RIG ),
DNR Research Report: ( http://get.analystsreview.com/pdf/?c=Denbury%20Resources&d=05-May-2015&s=DNR ),
HK Research Report: ( http://get.analystsreview.com/pdf/?c=Halcon&d=05-May-2015&s=HK ),
OAS Research Report: ( http://get.analystsreview.com/pdf/?c=Oasis%20Petroleum&d=05-May-2015&s=OAS ).
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Analyst Update: Merger Update, Appointments, Dividend, Preliminary Production Results, and Revolving Credit Agreement
U.S. stocks closed higher on Monday, led by better than expected corporate earnings. The S&P 500 closed at 2114.49, up 0.29%, the Dow Jones Industrial Average gained 0.26% to 18070.4, and the NASDAQ Composite ended the session at 5016.929, up 0.23%. European stocks gained on Monday, supported by strong manufacturing data across the region. Germany's DAX 30 rose 1.44%, and France's CAC 40 jumped 0.70%, while U.K. markets were closed for a public holiday. Meanwhile, Asian markets were mostly up on Monday, amid expectations that China will deploy stimulus measures to tackle slowing economic growth. The Shanghai Composite and Australia's S&P ASX ended higher, while Hong Kong's Hang Seng index closed flat. Japan's Nikkei was closed on Monday, as markets are shut for the Golden Week holiday. The Japanese market will reopen on Thursday.
Energy Transfer Partners, L.P. (ETP) announced successful completion of a previously announced merger of an indirect subsidiary of the Company, with and into Regency Energy Partners LP. Consequently, Regency has become a wholly owned subsidiary of ETP.
On April 21, 2015, Transocean announced the appointment of Jeremy D. Thigpen as the President and CEO of the Company effective April 22, 2015. In his new role, Mr. Thigpen succeeds Ian C. Strachan, who was serving the Company as its Interim CEO. Mr. Strachan who is also the Chairman of the Company's Board of Directors, will be retiring from the Board at the end of his term at the 2015 Annual General Meeting.
Denbury Resources Inc. announced on April 28, 2015, that the Company's Board of Directors has declared a quarterly cash dividend at the rate of $0.0625 per common share, or $0.25 per share on an annualized basis. The dividend is payable on June 30, 2015 to the shareholders of record as of the close of business on May 26, 2015.
Halcon Resources Corporation announced its preliminary Q1 FY 2015 production results and provided some additional updates on April 21, 2015. The Company expects to report production of 42,500-43,500 barrels of oil equivalent per day (Boe/d) for the quarter ended March 31, 2015. Halcon estimates first quarter production to be approximately 81% Oil, 8% NGLs and 11% Natural Gas.
Oasis Petroleum Inc. announced on April 14, 2015 that the lenders under its revolving credit agreement have completed their regular semi-annual redetermination of the borrowing base. This has resulted in a borrowing base of $1,700 million for the Company. Oasis has now increased the lenders' aggregate elected commitment to $1,525 million from $1,500 million.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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