NEW YORK, December 4, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Chevron Corporation (NYSE: CVX),
Anadarko Petroleum Corporation (NYSE: APC), EOG Resources Inc (NYSE: EOG), Devon Energy Corp (NYSE: DVN) and Chesapeake Energy Corporation (NYSE: CHK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Chevron Corporation Research Report
On November 28, 2013, Reuters reported that the Indonesian energy ministry will not renew Chevron Corporations' (Chevron) oil contract at a small oilfield in Sumatra and will hand over management of the Siak oilfield, which produces around 4,000 barrels per day, to state-owned oil firm PERTAMINA. According to the Reuters report, this transfer is part of the Indonesian government's efforts to curb foreign ownership and grab more revenue from its natural resources. "While Chevron is disappointed that the production sharing contract for the Siak block will not be extended, the company respects the decision," Chevron said in a statement reported by Reuters. The Full Research Report on Chevron Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Anadarko Petroleum Corporation Research Report
On November 29, 2013, Anadarko Petroleum Corporation's (Anadarko) stock rose 0.25% to $88.82 at the end of trading. Anadarko's stocks dipped 1.88% over the past three trading days while the Dow Jones Industrial Average rose 0.09% during the same period. The Full Research Report on Anadarko Petroleum Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
EOG Resources Inc Research Report
On November 25, 2013, EOG Resources Inc (EOG) announced that is has received an unsolicited "mini-tender" offer by TRC Capital Corporation (TRC Capital). The Company informed that EOG received a copy of the offering documents, dated November 15, 2013, pursuant to which TRC Capital has offered to purchase for cash upto 1 million shares or 0.37% of EOG's outstanding common stock. According to the Company, the offer price of $162.75 per share is more than 4% below the $169.67 closing price of EOG's common stock on November 14, 2013, the day prior to commencement of the offer. EOG stated that it does not endorse TRC Capital's offer and recommends that stockholders reject the offer and not tender their shares. The Company also recommends that stockholders who have already tendered shares in the offer withdraw their shares by providing written notice as described in TRC Capital's offering documents prior to the expiration of the offer, currently scheduled for 12:01 a.m., New York City time, Tuesday, December 17, 2013. The Full Research Report on EOG Resources Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Devon Energy Corp Research Report
On November 20, 2013, Devon Energy Corp (Devon Energy) announced that it has reached a definitive agreement to acquire GeoSouthern Energy's assets in the Eagle Ford oil play for $6 billion in cash. "With this transaction, we have secured a premier acreage position in the very best part of the world-class Eagle Ford oil play. This acquisition enhances our already strong North American portfolio by adding another low-risk, light oil asset that provides outstanding well economics and self-funded growth," said John Richels, Devon's President and CEO. "Furthermore, this transaction is expected to be immediately accretive to virtually every metric, including cash flow per debt-adjusted share." The Company stated that the acquired assets include Eagle Ford's current production of 53,000 barrels of oil equivalent (BOE) per day and 82, 000 net acres with at least 1,200 undrilled locations. The Full Research Report on Devon Energy Corp - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Chesapeake Energy Corporation Research Report
On November 29, 2013, Chesapeake Energy Corporation's (Chesapeake) stock gained 0.83% to end trading at $26.87 per share. Over the previous three trading sessions, Chesapeake's shares increased 2.28% while the Dow Jones Industrial Average gained 0.09% that same period. The Full Research Report on Chesapeake Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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SOURCE Analysts' Corner