Acquisitions, MLPs, Operational Efficiency, Joint Ventures, and Safety Milestones - Research Report on Freeport-McMoRan Copper & Gold, Devon Energy, Halliburton, Williams, and Peabody Energy
Editor Note: For more information about this release, please scroll to bottom.
Jun 11, 2013, 08:00 ET
NEW YORK, June 11, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Devon Energy Corporation (NYSE: DVN), Halliburton Company (NYSE: HAL), Williams Companies, Inc. (NYSE: WMB), and Peabody Energy Corp. (NYSE: BTU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Freeport-McMoRan Copper & Gold Inc. Research Report
On June 3, 2013, Freeport-McMoRan Copper & Gold Inc. (FCX) announced that the shareholders of McMoRan Exploration Co. (MMR) approved FCX's acquisition of MMR. Pursuant to the merger agreement, MMR stockholders are entitled to receive per-share consideration consisting of $14.75 in cash (totaling $2.2 billion for the shares not already owned by FCX) and 1.15 units of the Gulf Coast Ultra Deep Royalty Trust, which will hold a 5% overriding royalty interest in future production from 20 specified ultra-deep exploration prospects. Further, on May 31, 2013, FCX completed its acquisition of Plains Exploration & Production Company for approximately $16.3 billion in transaction value, adding a high quality portfolio of US-based oil and gas assets to its global mining business. The Company stated that this transaction creates a premier US-based natural resource company with an industry leading global portfolio of mineral assets, significant oil and gas resources and a growing production profile. The Full Research Report on Freeport-McMoRan Copper & Gold Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/204a_FCX]
Devon Energy Corporation Research Report
On June 6, 2013, Devon Energy Corporation's (Devon Energy) Board of Directors approved a plan to form a publicly-traded midstream master limited partnership (MLP). Devon Energy reported that the MLP is expected to initially own a minority in the Company's US midstream business, which includes natural gas gathering and processing assets in Texas, Oklahoma, and Wyoming. The Company expects the MLP to file a registration statement with the Securities and Exchange Commission (SEC) in Q3 2013. The Company will own the general partner of the MLP, all of its incentive distribution rights, and a majority of its common units following completion of the initial public offering. The Full Research Report on Devon Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/eac1_DVN]
Halliburton Company Research Report
On May 20, 2013, Halliburton Company (Halliburton) announced that it has deployed nearly 100 light-duty Compressed Natural Gas (CNG) trucks across several field locations in the US. The Company stated that the Original Equipment Manufacturers (OEM) bi-fuel trucks were recently purchased as part of a pilot program to be rolled throughout its US operations program. "There is considerable focus across the industry to identify multiple ways to leverage this abundant, reliable and cleaner burning source of energy in day-to-day operations," said Jim Brown, Western Hemisphere President at Halliburton. "The fleet of CNG vehicles is one more example where Halliburton is leading among oil and gas services companies regarding the use of American natural gas." The Full Research Report on Halliburton Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/f66e_HAL]
Williams Companies, Inc. Research Report
On May 28, 2013, Williams Companies, Inc. (Williams) announced that they have executed a joint venture agreement with Boardwalk Pipeline Partners, LP., to continue the development process for the Bluegrass Pipeline, a project that would transport natural gas liquids from Marcellus and Utica shale plays to the petrochemical and export complex in the US Gulf Coast, as well as developing petrochemical market in the Northeast US. Alan Armstrong, President and CEO of Williams, said, "This timely joint venture with Boardwalk would link two liquids-rich resource plays in the Northeast U.S. with the expanding petrochemical industry on the Gulf Coast, providing producers in Ohio, West Virginia and Pennsylvania with the ability to access large and growing markets." Armstrong added, "The large scale solution has many advantages including an early in service date, lower environmental impact, lower cost and lower permitting risk." 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.WSReports.com/r/full_research_report/3240_WMB]
Peabody Energy Corp. Research Report
On June 3, 2013, Peabody Energy Corp. (Peabody Energy) announced that employees at its Kayenta Mine have successfully reached a safety milestone by achieving more than 1 million operating hours and more than one year without a safety incident causing an employee to miss work. "Kayenta's results reflect an intense safety culture that is part of Peabody's mission," said Kemal Williamson, Peabody President - Americas. "These results demonstrate our continued focus on teamwork, training, communications and best practice. I'm proud of our team for working toward our safety vision of achieving zero incidents of any kind." The Full Research Report on Peabody Energy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.WSReports.com/r/full_research_report/e81e_BTU]
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquires, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Wall Street Reports
Share this article