NEW YORK, March 18, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
EPL Oil & Gas, Inc. (NYSE: EPL), Anadarko Petroleum Corporation
(NYSE: APC), Cimarex Energy Co. (NYSE: XEC), Apache Corporation
(NYSE: APA), and Southwestern Energy Company (NYSE: SWN). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
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EPL Oil & Gas, Inc. Analyst Notes
On March 12, 2014, EPL Oil &
Gas, Inc. (EPL) announced that it has signed a definitive merger
agreement with Energy XXI, under which Energy XXI will acquire all
of EPL's outstanding shares for total consideration of $2.3 billion, including the assumption of debt.
As a result of the merger, the Companies expect Energy XXI to
become the largest public independent producer on the Gulf of Mexico shelf. Upon completion of the
merger, Energy XXI expects to have an enterprise value of
approximately $6.0 billion. "This
merger of the two premier independent oil producers on the shelf
will create an unrivalled operator," said Gary C. Hanna, Chairman, President and CEO of
EPL. "As part of a larger organization, EPL shareholders will
benefit from synergies across the board, a high-grading of the
drilling portfolio and opportunities to expand across the
Gulf of Mexico." The full analyst
notes on EPL Oil & Gas, Inc. are available to download free of
charge at:
http://www.AnalystsReview.com/03182014/EPL/report.pdf
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Anadarko Petroleum Corporation Analyst Notes
On March 4, 2014, Anadarko
Petroleum Corporation (Anadarko) announced its 2014 capital
expectations and guidance. "Our 2014 capital program is again a
prudent and disciplined approach that is within anticipated cash
flow. We expect this capital plan to enable us to increase
year-over-year 'same-store' sales volumes by 6 to 7 percent.
Driving this year-over-year growth is an expected increase in our
oil production of approximately 40,000 barrels per day," said
Al Walker, Chairman, President and
CEO of Anadarko. "During 2014, Anadarko expects to drill up to 25
high-potential deepwater exploration/ appraisal wells.
Additionally, we plan to continue accelerating value through active
portfolio management and monetizations, as demonstrated by the
recently announced divestiture of our non-operated assets in Bohai
Bay, China, and the closing of our
sale of a 10-percent working interest in Mozambique's Offshore Area 1 to OVL." In 2014,
the Company expects capital investments of $8.1 billion to $8.5 billion. The full analyst
notes on Anadarko Petroleum Corporation are available to download
free of charge at:
http://www.AnalystsReview.com/03182014/APC/report.pdf
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Cimarex Energy Co. Analyst Notes
On February 26, 2014, Cimarex
Energy Co. (Cimarex) announced that its Board of Directors has
declared a regular quarterly cash dividend on its common stock of
$0.16 per share. The dividend is
payable on June 2, 2014, to
stockholders of record on May 15,
2014. The full analyst notes on Cimarex Energy Co. are
available to download free of charge at:
http://www.AnalystsReview.com/03182014/XEC/report.pdf
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Apache Corporation Analyst Notes
On March 12, 2014, Apache
Corporation (Apache) announced that it has completed the previously
announced sale of its Argentina
operations and properties to YPF Sociedad Anonima for cash payment
of $800.0 million plus the assumption
of $52.0 million of bank debt as of
June 30, 2013. "This transaction
essentially marks the end of a process that Apache began last year
to rebalance its portfolio to focus on assets in North America that can grow more predictably
combined with international assets that generate substantial free
cash flow," said G. Steven Farris,
Chairman, CEO and President of Apache. The full analyst notes on
Apache Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03182014/APA/report.pdf
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Southwestern Energy Company Analyst Notes
On March 5, 2014, Southwestern
Energy Company (Southwestern Energy) announced that its subsidiary
Southwestern Energy Production Company has signed an agreement to
purchase approximately 312,000 net acres in northwest Colorado targeting crude oil, natural gas
liquids, and natural gas contained in the Niobrara formation from
Quicksilver Resources Inc. (Quicksilver Resources) and SWEPI LP
(SWEPI) for approximately $180.0
million. Expecting to close the transaction in Q2 2014,
Southwestern Energy noted that it intends to use its revolving
credit facility to finance the acquisition. "This acreage position
covers a substantial area in the Sand Wash Basin - over 50 miles
across and over 20 miles wide - and provides the opportunity for us
to leverage our operational strengths into a new large, scalable
project," said Steve Mueller,
President and CEO of Southwestern Energy. The full analyst notes on
Southwestern Energy Company are available to download free of
charge at:
http://www.AnalystsReview.com/03182014/SWN/report.pdf
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