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Merger Agreements, Dividends, Management Changes, Upcoming Earnings, and Milestone Achievements - Research Report on Crosstex, Enterprise Products, Newfield, National Fuel Gas, and Diamondback

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts' Corner

Oct 24, 2013, 08:00 ET

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NEW YORK, October 24, 2013 /PRNewswire/ --

Today, Analysts Corner announced new research reports highlighting Crosstex Energy LP (NASDAQ: XTEX), Enterprise Products Partners L.P. (NYSE: EPD), Newfield Exploration Co. (NYSE: NFX), National Fuel Gas Company (NYSE: NFG), and Diamondback Energy, Inc. (NASDAQ: FANG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Crosstex Energy LP Research Report

On October 21, 2013, Crosstex Energy LP and Crosstex Energy, Inc. (collectively Crosstex) announced that Crosstex has signed definitive agreements with Devon Energy Corporation (Devon) to combine substantially all of Devon's US midstream assets with Crosstex's assets to form a new midstream business. According to Crosstex, the new business will consist of two publicly traded entities, the Master Limited Partnership and a General Partner entity (Master Limited Partnership and General Partner, collectively the New Company). Crosstex reported that the New Company is expected to have adjusted EBITDA of approximately $700 million in 2014, before synergies, and the deal is expected to be immediately accretive to both Crosstex and Devon. The Company stated that a name for the New Company will be announced prior to the closing of the transaction, which is expected in Q1 2014. The Full Research Report on Crosstex Energy LP - 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/5a73_XTEX]

--

Enterprise Products Partners L.P. Research Report

On October 14, 2013, Enterprise Products Partners L.P. (Enterprise) declared an increase in the quarterly cash distribution paid to partners to $0.69 per common unit, or $2.76 per unit on an annualized basis. Enterprise reported that the distribution is payable on Thursday, November 7, 2013, to unitholders of record as of the close of business on Thursday, October 31, 2013. Moreover, Enterprise stated that it will release its Q3 2013 results before the NYSE opens for trading on Thursday, October 31, 2013. The Company informed that a conference call discussing its quarterly results will be held on the same day at 9:00 a.m. CDT, and will be accessible through its website. 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]

--

Newfield Exploration Co. Research Report

On October 14, 2013, Newfield Exploration Co. (Newfield) announced that Terry W. Rathert, a Newfield founder and the Executive Vice President and CFO, will retire in 2014, after more than 25 years with the Company. Newfield reported that it intends to appoint Lawrence S. Massaro to succeed Rathert as Executive Vice President and CFO effective November 11, 2013. The Company stated that Rathert will serve as special advisor through August 2014, assisting during this transitional period. The Full Research Report on Newfield Exploration Co. - 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]

--

National Fuel Gas Company Research Report

On October 15, 2013, National Fuel Gas Company (National Fuel) announced that it will host its Q4 FY 2013 conference call on Friday, November 8, 2013, at 11 a.m. ET. National Fuel reported that the call, which will be held to discuss the financial results and to provide an update on the Company and its operations, will be accessible through the Company's Investor Relations website. The Company stated that a replay will be available from 3:00 p.m. on the same day until the close of business on Friday, November 15, 2013 and that interested parties may visit the Investor Relations website for the replay. The Full Research Report on National Fuel Gas 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/04b5_NFG]

--

Diamondback Energy, Inc. Research Report

On October 14, 2013, Diamondback Energy, Inc. (Diamondback) announced two new milestone attainments - completing one year anniversary as a public company, and achieving daily net production of more than 10,000 Boe on October 4, 2013 (which includes approximately 1.8 MBoe/d from the previously announced minerals acquisition). Travis Stice, Diamondback's CEO, commented, "This achievement is a significant milestone that all of our employees, stockholders and other stakeholders can be proud of. Our team has worked hard during this past year to more than double our production and achieve exceptional execution throughout our operations. We are happy to report that our third quarter average net production was approximately 7.4 MBoe/d and our third quarter net exit rate was 9.8 MBoe/d. I am excited about continuing our remarkable growth trajectory." The Full Research Report on Diamondback Energy, 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/4744_FANG]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. 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.
  4. 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].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. 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.

COMPLIANCE PROCEDURE

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 represented by Ananya Ghosh, CFA, has 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.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

AnalystsCorner.com

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