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SOURCE Analysts' Corner
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NEW YORK, October 9, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Cabot Oil & Gas Corporation (NYSE: COG), Forest Oil Corporation (NYSE: FST), Newfield Exploration Company (NYSE: NFX), Penn Virginia Corporation (NYSE: PVA), and Enterprise Products Partners L.P. (NYSE: EPD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Cabot Oil & Gas Corporation Research Report
On September 30, 2013, Cabot Oil & Gas Corporation (Cabot) announced that it will release its Q3 2013 financial and operating results on October 24, 2013. On the following day, October 25, 2013, the Company will host a conference call at 9:30 a.m. ET, to discuss its quarterly results. The call can be accessed through the Investor Relations section of the Company's website. The Full Research Report on Cabot Oil & Gas Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/231c_COG]
Forest Oil Corporation Research Report
On October 3, 2013, Forest Oil Corporation (Forest) announced that it has entered into a definitive agreement to sell its oil and gas assets in the Texas Panhandle Area to Templar Energy LLC (Templar) for $1.0 billion. The Company informed that Le Norman Operating LLC (Le Norman), a wholly-owned subsidiary of Templar, will operate the assets. Forest expects the transaction to close on or before November 25, 2013, with an effective date of October 1, 2013, and is subject to customary purchase price adjustments and certain closing conditions. The Company intends to use the proceeds primarily to reduce debt and enhance financial flexibility. Commenting on the sale, Patrick R. McDonald, President and CEO of Forest said, "This divestiture sharpens our operational focus and enables us to maintain development efforts in our core Eagle Ford Shale asset, where oil production is projected to show notable growth over the next several years. Looking ahead, we have initiated our 2014 capital budget process and will provide further details regarding our future development plans later this year." The Full Research Report on Forest Oil Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c16d_FST]
Newfield Exploration Company Research Report
On October 3, 2013, Newfield Exploration Company (Newfield) announced that it will host a conference call on November 5, 2013 at 7:30 a.m., to discuss its Q3 2013 earnings. Prior to the call, the Company will release the earnings results. The Company informed that a listen-only broadcast of the call will be provided at the Company's website and a replay will be available over the web for a year, shortly after the conclusion of the call. The Full Research Report on Newfield Exploration Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/05f5_NFX]
Penn Virginia Corporation Research Report
On September 19, 2013, Penn Virginia Corporation (Penn Virginia) announced that its Board of Directors has declared a regular quarterly cash dividend of $150.00 per share on its 6% Series A convertible preferred stock. As a result, the Company will pay a dividend of $1.50 per depositary share (each representing a 1/100th interest in a share of the Series A convertible preferred stock) on October 15, 2013, to holders of record at the close of business as of October 1, 2013. The Full Research Report on Penn Virginia Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/578b_PVA]
Enterprise Products Partners L.P. Research Report
On October 2, 2013, Enterprise Products Partners L.P. (Enterprise) announced the construction of a new liquefied petroleum gas (LPG) export terminal on the Gulf Coast. The Company informed that the facility will have the capability of handling up to very large gas carriers (VLGC) class ships, with expected initial loading rate for export grade propane or butane service of approximately 11,000 barrels per hour, equivalent to approximately six million to 6.5 million barrels per month. Enterprise expects the new LPG marine terminal to be in service in Q4 2015. Commenting on the new LPG terminal, Michael A. Creel, CEO of Enterprise said, "The development of the new terminal was driven by continued demand from our international customers for additional supply of propane and butane. These facilities are supported by over 25 customers and associated long-term contracts, some of which extend into 2024. Just as with our other LPG export projects, we expect that the terminal will be operating at or near its capacity upon startup. In addition to the strong demand for our LPG export services, we are also seeing interest in ethane exports. This new LPG marine terminal is designed with the flexibility and footprint to expeditiously add the necessary facilities to provide ethane export services as this market develops." The Full Research Report on Enterprise Products Partners L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7450_EPD]
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