The Zacks Analyst Blog Highlights: Royal Dutch Shell Plc, PetroChina, Apache, Encana and EOG Resources - Press Releases

Date : 04/17/2012 @ 4:30AM
Source : Zacks
Stock : Petrochina Company Limited (PTR)
Quote : 69.02  0.0 (0.00%) @ 4:11AM
Petrochina share price Chart

The Zacks Analyst Blog Highlights: Royal Dutch Shell Plc, PetroChina, Apache, Encana and EOG Resources - Press Releases

For Immediate Release

Chicago, IL – April 17, 2012 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Royal Dutch Shell Plc ( RDS.A), PetroChina Co. Ltd ( PTR), Apache Corp ( APA), Encana Corp ( ECA) and EOG Resources ( EOG).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter:

Here are highlights from Monday’s Analyst Blog:

Shell JV for 3rd Canadian LNG Plant

As per news reports, European oil biggie Royal Dutch Shell Plc ( RDS.A) has joined hands with Japanese energy giant Mitsubishi Corporation, state-controlled China National Petroleum Corporation and Korea Gas Corporation to set up a liquefied natural gas (LNG) terminal on the western coast of Canada.

Although none of the companies confirmed the financial terms of the project, the plant is estimated to value over 1-trillion-yen or US$12.4 billion.

The terminal, which will be built near Kitimat, British Columbia, is expected to come online in 2020 and generate almost 12 million tons of liquefied natural gas annually.

The companies have decided to put up this unit to facilitate a smooth supply of LNG to the Asian market to satiate the growing demand of the region.

Additionally, excess supply of natural gas has pulled down the North American markets, forcing many companies to look for alternative routes. Hence, the big energy firms are eyeing the potentially rich Asian land that still offers a high price for LNG.

In October, last year, Shell had first announced the plans for this venture, following the purchase of the dormant Methanex marine facility in Kitimat along with other partners. In February 2012, PetroChina Co. Ltd ( PTR) – unit of China National Petroleum Corp. – agreed to fund the gas development project, becoming Shell’s financial associate.

However, the distribution of stakes in the joint venture has not yet been settled by the four companies. The decision is expected shortly. The project is also pending necessary local authority approvals.

Kitimat seems to have become a favorite spot for companies seeking to venture into LNG projects. The area already holds two planned liquefaction projects – Kitimat LNG that is controlled by Apache Corp ( APA), Encana Corp ( ECA) and EOG Resources ( EOG); and BC LNG, monitored by a 13-member private cooperative.

We have a long-term Neutral recommendation for Shell, PetroChina, Apache, Encana and EOG shares.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter:

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today:

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at

Visit for information about the performance numbers displayed in this press release.

Follow us on Twitter:

Join us on Facebook:

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339

APACHE CORP (APA): Free Stock Analysis Report
ENCANA CORP (ECA): Free Stock Analysis Report
EOG RES INC (EOG): Free Stock Analysis Report
PETROCHINA ADR (PTR): Free Stock Analysis Report
ROYAL DTCH SH-A (RDS.A): Free Stock Analysis Report
To read this article on click here.

Petrochina (NYSE:PTR)
Historical Stock Chart

1 Year : From Mar 2017 to Mar 2018

Click Here for more Petrochina Charts.

Petrochina (NYSE:PTR)
Intraday Stock Chart

Today : Friday 23 March 2018

Click Here for more Petrochina Charts.

Latest PTR Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V:us D:20180323 11:07:43