Expansions, Recognitions, Offered Notes, Company Preferments, and Increased Budgets - Research Report on Williams, Energy Transfer Equity, Spectra Energy, Frank's International, and W&T Offshore Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, November 5, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Williams Companies, Inc. (NYSE: WMB), Spectra Energy Corp. (NY SE: SE), Energy Transfer Equity, L.P. (NYSE: ETE), Frank's International N.V. (NYSE: FI), and W&T Offshore Inc. (NYSE: WTI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Williams Companies, Inc. Research Report
On September 30, 2013, Williams Partners L.P. (Williams Partners), a limited partnership formed by the Williams Companies, Inc. (Williams), reported that its Transco natural gas pipeline filed an application with the Federal Energy Regulatory Commission (FERC) to expand its current Leidy Line in northern Pennsylvania and its mainline from New Jersey through Alabama by 525,000 dekatherms of natural gas per day to accommodate thriving natural gas markets along the system. Frank Ferazzi, Vice President & General Manager of Williams' Transco pipeline, commented, "Transco's Leidy Line is strategically positioned through the heart of one of the most important natural gas production areas in the country. As we continue to execute on these expansion projects we are further leveraging Transco's ability to serve some of the fastest growing markets in the country." The Full Research Report on Williams Companies, Inc.- 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/3c41_WMB]
Spectra Energy Corp. Research Report
On September 23, 2013, Spectra Energy Corp. (Spectra Energy) reported that it was included in the 2013 CDP Global 500 and S&P 500 Climate Disclosure and Performance Leadership Indexes. Spectra Energy informed that it is the only energy company to be cited in this year's CDP S&P 500 Climate Performance Leadership Index (CPLI). 2013 marks Spectra Energy's sixth consecutive year of being recognized by the CDP for one or more of its leadership indexes. Greg Ebel, President and CEO of Spectra Energy, commented, "Spectra Energy's dedicated employees continue to further our sustainable business practices, and these recognitions affirm their ongoing commitment. Our success is driven by high performance in financial, environmental and social areas, all of which are important to our various stakeholders." The Full Research Report on Spectra Energy Corp.- 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/df3e_SE]
Energy Transfer Equity, L.P. Research Report
On September 12, 2013, Energy Transfer Partners, L.P. (ETP), a subsidiary of Energy Transfer Equity, L.P. (Energy Transfer Equity), reported the finalized pricing of $700 million aggregate principal amount of its 4.15% senior notes due 2020, $350 million aggregate principal amount of its 4.90% senior notes due 2024 and $450 million aggregate principal amount of its 5.95% senior notes due 2043, at a price to the public of approximately 99.83%, 99.18% and 97.65%, respectively, of their face value. Subject to customary closing conditions, the sale of the senior notes was slated to close on September 19, 2013. ETP plans to utilize the net earnings of an estimated c.$1.5 billion from the offering to settle $455 million of borrowings outstanding under the term loan of Panhandle's wholly owned subsidiary, Trunkline LNG Holdings, LLC, to settle borrowings outstanding under ETP's revolving credit facility and for general partnership purposes. The Full Research Report on Energy Transfer Equity, 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/de65_ETE]
Frank's International N.V. Research Report
On September 26, 2013, Frank's International N.V. (Frank's International) reported that it has assigned John W. Sinders as the Company's Senior Vice President of Finance and Investor Relations. Sinders, along with his wife and family, will be located in Houston. Keith Mosing, FI's Chairman, President, and CEO said, "I am very pleased to have John join our senior management team at Frank's. John's extensive experience in the energy industry along with his network of contacts around the world and his transactional knowledge will be very valuable to our Company as we continue to expand globally. His knowledge of public markets will also help us as we execute our investor relations strategy. We look forward to fully integrating John into our team here at Frank's." The Full Research Report on Frank's International N.V.- 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/afac_FI]
W&T Offshore Inc. Research Report
On September 30, 2013, W&T Offshore Inc. (W&T Offshore) reported that it has increased its 2013 capital budget to $550 million (excluding potential acquisitions). The modified budget includes expanded deepwater activity, completion costs on thriving exploration wells, additional onshore drilling at the Yellow Rose field, along with additional seismic and leasehold cost. The Company further reported that revised budget was split 60% for exploration and 40% for development and portioned 65% to offshore and 35% to onshore. Tracy W. Krohn, W&T Offshore's Chairman and CEO, commented, "Of the 39 wells we have drilled thus far in 2013, only one well was non-commercial for a 97% overall success rate. The increase in this year's capital budget is a result of our 2013 drilling success and our commitment to pursue additional opportunities in the deepwater Gulf of Mexico and onshore in our Yellow Rose field." The Full Research Report on W&T Offshore Inc. - 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/e2da_WTI]
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