NEW YORK, April 4, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Cliffs Natural Resources Inc. (NYSE: CLF), Petroleo Brasileiro
Petrobras SA (NYSE: PBR), McDermott International Inc. (NYSE: MDR),
E I Du Pont De Nemours And Co (NYSE: DD), and Chesapeake Energy
Corporation (NYSE: CHK). Private wealth members receive these notes
ahead of publication. To reserve complementary membership, limited
openings are available at:
http://www.AnalystsReview.com/register
--
Cliffs Natural Resources Analyst Notes
On April 2, 2014, Cliffs Natural
Resources (Cliffs) announced the delisting of its shares from
Euronext Paris, effective May 7,
2014, following a comprehensive review of the trading
volume, costs and administrative requirements related to its
listing on Euronext Paris. Cliffs informed that the delisting
request of the Company has also been approved by the Board of
Directors of Euronext. Cliffs stated that it is providing a
voluntary sales facility procedure on the NYSE to the shareholders
holding their shares in Euroclear France. Under the facility,
shareholders can deliver their shares through a financial
intermediary from April 3, 2014 to
April 16, 2014. The shares will be
sold as from April 25, 2014 on the
NYSE at the market price at the time of the sale, after the
centralization of the sell orders by Société Générale, which is
acting as centralizing agent. The Cliffs shares will be removed
from the operations of Euroclear France on May 9, 2014, but they will continue to be listed
on the NYSE under the symbol "CLF." The full analyst notes on
Cliffs Natural Resources are available to download free of charge
at:
http://www.AnalystsReview.com/04042014/CLF/report.pdf
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Petroleo Brasileiro Petrobras SA Analyst Notes
On April 1, 2014, Petroleo
Brasileiro Petrobras SA (Petrobras) released its production results
for the month of February 2014. The
Company's total oil and natural gas output in Brazil for the month of February 2014 stood at 2.3 million barrels of oil
equivalent per day (boepd), up 0.7% MoM; the exclusive oil
production in Brazil averaged 1.9
million barrels/day (bopd), up 0.3% YoY. The average monthly oil
output for February 2014 from fields
located in the pre-salt layer in the Santos and Campos basins set
the record of 385,000 bopd in February
2014, up 7.5% MoM. The Company's natural gas production in
Brazil for February 2014 came in at 64.9 million cubic
meters of natural gas per day, up 2.5% MoM. The full analyst notes
on Petroleo Brasileiro Petrobras SA are available to download free
of charge at:
http://www.AnalystsReview.com/04042014/PBR/report.pdf
--
McDermott International Inc. Analyst Notes
On April 1, 2014, McDermott
International Inc. (McDermott) announced the pricing of its
underwritten public offering of 10 million 6.25% tangible equity
units (the Units), each with a stated value of $25.00, which will result in net proceeds to the
Company of $242 million. In addition,
the Company has granted the underwriter a 13-day option to purchase
up to an additional 1.5 million Units from McDermott. The offering
is expected to close on April 7, 2014
and McDermott intends to use the net proceeds for general corporate
purposes, including the funding of working capital requirements and
capital expenditures. However, the announcement met with a knee
jerk reaction from investors as the stock fell 10.10% to close at
$7.03. The full analyst notes on
McDermott International Inc. are available to download free of
charge at:
http://www.AnalystsReview.com/04042014/MDR/report.pdf
--
E I Du Pont De Nemours And Co. Analyst Notes
On April 1, 2014, E I Du Pont De
Nemours And Co. (Du Pont) announced several senior leadership
changes at the corporate, business and regional levels -
Timothy P. McCann, President of
DuPont Building Innovations, has been named as the Vice President
of DuPont Integrated Business Management (DIBM), effective
immediately; Rajeev A. Vaidya, the President - DuPont South
Asia & ASEAN and Chairman of the Board of E. I. DuPont India
Private Limited, has been named President of DuPont Building
Innovations, effectively immediately; and Balvinder Singh Kalsi, Business Director,
Corporate Plans, will return to India as the President, South Asia & the Association of Southeast
Asian Nations (ASEAN) and Chairman of the Board of E. I. DuPont
India Private Limited. The full analyst notes on E I Du Pont De
Nemours And Co. are available to download free of charge at:
http://www.AnalystsReview.com/04042014/DD/report.pdf
--
Chesapeake Energy Corporation Analyst Notes
On April 1, 2014, Chesapeake
Energy Corporation's (Chesapeake) stock moved up 1.99% to end the
trading session at $26.13, following
a report from Moody's Investors Service which suggested that gas
producers in Marcellus shale
region will benefit more than gas producers elsewhere in
North America, and their advantage
isn't likely to change anytime soon. Moody's report also stated
that Marcellus producers'
low-cost, highly productive wells will be economic even if gas
prices weaken. Chesapeake's stock opened the trading session at
$25.71 and oscillated in the range of
$25.66 - $26.16. Over the one year,
the stock has returned 28.03%, outperforming the S&P 500 Index
which returned 20.16% over the same period. The full analyst notes
on Chesapeake Energy Corporation are available to download free of
charge at:
http://www.AnalystsReview.com/04042014/CHK/report.pdf
--
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