NEW YORK, May 22, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The Dow Chemical Company (NYSE: DOW), ArcelorMittal SA (NYSE: MT), Newmont Mining Corp. (NYSE: NEM), Devon Energy Corp. (NYSE: DVN) and Oil States International Inc. (NYSE: OIS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:
http://www.analystsreview.com/2797-100free.
The Dow Chemical Company Analyst Notes
On May 19, 2014, The Dow Chemical Company (Dow) announced that the NASCARS' racing team Richard Childress Racing (RCR) has adopted a range of extreme performance lubricants, powered by UCONTM Oil Soluble PAG (OSP) technology from Dow for its cars in the 2014 season, including the No. 3 Dow Chevrolet SS, driven by rising superstar Austin Dillon. Dow informed that the latest innovation developed under the R&D partnership between the Company and RCR, 75W-90 and 75W-140 synthetic gear lubricants and premium grease, have delivered superior lubrication properties under the testing conditions of a NASCAR race. As per Dow, these lubricants are suitable to a wide range of automotive environments as well as for gear lubricants, hydraulic, metalworking, compressor fluids and other demanding applications. Further, the Company informed that it has extended its partnership with RCR to develop advance automotive racing formulations to meet the challenge posed by the sport. The full analyst notes on DOW are available to download free of charge at:
http://www.analystsreview.com/2797-DOW-22May2014.pdf
ArcelorMittal SA Analyst Notes
On May 15, 2014, ArcelorMittal SA (ArcelorMittal) announced that the Company's Executive Vice President, Robrecht Himpe addressed delegates at the European Steel Day as the new President of EUROFER, the European Steel Association. During his address, Himpe stated that the demand for steel in Europe is still 25% below pre-crisis level, despite moderate recovery in the European economy. Himpe is of the view that rising steel consumption of European steel, together with support from policymakers, is needed to create an internationally competitive environment for the industry. Himpe also called on the European Commission to take the steel industry into account, as a strategic sector for the EU economy and welcomed the recent introduction of a pilot emissions trading system in China and in other regions. The full analyst notes on ArcelorMittal are available to download free of charge at:
http://www.analystsreview.com/2797-MT-22May2014.pdf
Newmont Mining Corp. Analyst Notes
On May 12, 2014, Newmont Mining Corp. (Newmont) announced that the Company has entered into a binding agreement with Northern Star Resources Limited (Northern Star) to sell the Jundee underground gold mine in Australia for a total amount of nearly $91 million. According to Newmont, the total proceeds comprises of approximately $77 million in cash, plus a further payment of approximately $14 million for working capital. The Company plans to close the sale in early July 2014, contingent upon Northern Star securing financing, and subject to a third party right of refusal. North Star will acquire all of Jundee's assets and liabilities, including all environmental and employee obligations. Randy Engel, Newmont's Executive Vice President for Strategic Development, said, "We are pleased to announce our agreement with Northern Star. It demonstrates our continuing efforts to optimize our portfolio and increase shareholder value by focusing on lower cost, longer life operations." The full analyst notes on Newmont are available to download free of charge at:
http://www.analystsreview.com/2797-NEM-22May2014.pdf
Devon Energy Corp. Analyst Notes
On May 16, 2014, Devon Energy Corp. (Devon) announced that the Company's Senior Vice President, Communications and Investor Relations, Vince White will retire on August 8, 2014. Devon informed that Howard J. Thill has joined the Company to fill the vacant position, post White's retirement. Prior to joining Devon, Thill worked with Marathon Oil Corporation as the Vice President of Corporate, Government and Investor Relations. John Richels, Devon's President and CEO, commented, "Howard brings to Devon deep knowledge borne of extensive and varied experience in our industry. We look forward to his contributions as we continue to navigate the opportunities before us." The full analyst notes on Devon are available to download free of charge at:
http://www.analystsreview.com/2797-DVN-22May2014.pdf
Oil States International Inc. Analyst Notes
On May 9, 2014, Oil States International Inc. (Oil States) announced the commencement of its cash tender offers for any and all of the outstanding $600.0 million aggregate principal amount of its 6.50% Senior Notes due 2019 (the 2019 Notes) and $366.0 million aggregate principal amount of its 5.125% Senior Notes due 2023 (the 2023 Notes) and solicitations of consents to certain proposed amendments to the respective indentures governing the Notes. Oil States informed that the tender offers are scheduled to expire on June 6, 2014 at 11:59 p.m. New York City Time, while holders who have tendered their notes and have agreed to the amendments to the Indentures before 5:00 p.m., New York City time, on May 22, 2014 will be eligible to receive the total consideration. The total consideration for each $1,000 principal amount is $1,050.88 and $1,146.98 for 2019 Notes and 2023 Notes, respectively. The full analyst notes on Oil States are available to download free of charge at:
http://www.analystsreview.com/2797-OIS-22May2014.pdf
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