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Ongoing Exploration Update, Redemption of Notes, Over-Allotment Option, Asset Sale, and Acquisition - Analyst Notes on IAMGOLD, Continental, Encana, Penn Virginia and Oceaneering

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


News provided by

Analysts Review

Jun 06, 2014, 06:00 ET

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NEW YORK, June 6, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding IAMGOLD Corp. (NYSE: IAG), Continental Resources Inc. (NYSE: CLR), Encana Corporation (NYSE: ECA), Penn Virginia Corporation (NYSE: PVA) and Oceaneering International, Inc. (NYSE: OII). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3428-100free.

--
IAMGOLD Corp. Analyst Notes
On May 27, 2014, IAMGOLD Corp. (IAMGOLD) released an update on the ongoing exploration activities at its newly optioned Monster Lake project. According to the Company, it has completed the phase one diamond drilling program totalling 4,528 metres (9 holes) targeting the direct down-dip and lateral extensions of the 325-Megane mineralized zone. Other highlights include 10.47 metres grading 11.55 g/t Au from 457.0 metres depth in hole ML-14-108 and intersection of a footwall zone grading 13.65 g/t Au over 3.77 metres from 636.86m depth. Meanwhile, the drilling to date has confirmed the presence of three sheared, altered and mineralized zones: the Upper 325-Megane Zone, the 325-Megane Zone previously outlined by TomaGold's most recent drilling and the Lower 325-Megane Zone. Commenting on the updates, Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, said, "Our exploration program is targeting high grade mineralization and I am very encouraged with these initial results from only our first drilling program." The full analyst notes on IAMGOLD are available to download free of charge at:

http://www.analystsreview.com/Jun-06-2014/IAG/report.pdf

--
Continental Resources Inc. Analyst Notes
On June 3, 2014, Continental Resources Inc. (Continental) announced that it will redeem all of its outstanding 8 ¼% Senior Notes due October 1, 2019 on July 11, 2014. The Company stated that the redemption price for the Notes is equivalent to the sum of principal amount of the 2019 Notes outstanding, the make-whole amount calculated in accordance with the terms of the 2019 Notes and the related indenture under which the 2019 Notes were issued, and the accrued and unpaid interest on the 2019 Notes up to the redemption date. Continental informed that the aggregate principal amount of the Notes outstanding is $300 million. The full analyst notes on Continental are available to download free of charge at:

http://www.analystsreview.com/Jun-06-2014/CLR/report.pdf

--
Encana Corporation Analyst Notes
On June 3, 2014, Encana Corporation (Encana) announced that the over-allotment option granted to the underwriters to purchase up to an additional 7.8 million common shares at the offering price has been exercised in full for additional aggregate gross proceeds to the Company of $218.4 million. The over-allotment is in connection with the initial public offering of 52 million common shares of PrairieSky at an offering price of $28.00. The sale of shares under the over-allotment option brings aggregate gross proceeds to approximately $1.67 billion, which will make the Company take hold of 54% of the common shares of PrairieSky. The full analyst notes on Encana are available to download free of charge at:

http://www.analystsreview.com/Jun-06-2014/ECA/report.pdf

--
Penn Virginia Corporation Analyst Notes
On June 2, 2014, Penn Virginia Corporation (Penn Virginia) announced that it has entered into a definitive agreement to sell its Mississippi assets for gross cash proceeds of $72.7 million, expected to close in July 2014 subject to customary closing conditions. As a result of the divestiture, the 2014 production is expected to decrease by nearly 1.9 billion cubic feet of natural gas equivalent (Bcfe). Penn Virginia reported that the divested properties had a net production of approximately 11.9 million cubic feet of natural gas equivalent per day during Q1 2014, while estimated proved reserves were 85.3 Bcfe and nearly 100% of which were natural gas. The full analyst notes on Penn Virginia are available to download free of charge at:

http://www.analystsreview.com/Jun-06-2014/PVA/report.pdf

--
Oceaneering International, Inc. Analyst Notes
On June 2, 2014, Oceaneering International, Inc. (Oceaneering) announced the acquisition of AIRSIS Inc., which is expected to enhance Oceaneering's current asset tracking service offered on offshore drilling rigs and vessels engaged in subsea activities. According to the Company, asset tracking information is critical in establishing a common operating picture, which collects and displays real-time data associated with an offshore operation, helping to improve operational efficiency and enable incident and emergency response collaboration and reporting. The full analyst notes on Oceaneering are available to download free of charge at:

http://www.analystsreview.com/Jun-06-2014/OII/report.pdf

--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.


===============
EDITOR'S 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 produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. 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 pubco [at] http://www.analystsreview.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com 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 Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review 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
Analysts Review 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
Analysts Review 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 Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review 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.

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