NEW YORK, June 6, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding ArcelorMittal SA (NYSE: MT), Goodrich Petroleum Corp. (NYSE: GDP), Rockwood Holdings, Inc. (NYSE: ROC), Linn Energy, LLC (NASDAQ: LINE) and Rowan Companies plc (NYSE: RDC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3429-100free.
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ArcelorMittal SA Analyst Notes
On May 23, 2014, ArcelorMittal SA (ArcelorMittal) announced that it has launched the first product in a new series of advanced high strength steels (AHSS), with 10 automotive steel projects set for launch in 2014. According to the Company, the new steel called HF1050, is a third generation advanced high strength steel for use in cold stamping, which will result in additional weight reductions in a vehicles' structural components of up to 10%. The Company informed that in 2013, it invested $270 million for research and development, which directly benefits Maizières-lès-Metz campus. The full analyst notes on ArcelorMittal are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/MT/report.pdf
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Goodrich Petroleum Corp. Analyst Notes
On June 2, 2014, Goodrich Petroleum Corp. (Goodrich Petroleum) announced the completion of its C.H. Lewis 30-19H-1 well in Amite County, Mississippi, which was completed with 26 frac stages. The Company stated that the well achieved a peak 24-hour average production rate to date of 1,450 barrels of oil equivalent (BOE) per day, which comprised of 1,387 barrels of oil and 377 Mcf of gas on a 16/64 inch stroke from an approximate 6,600 foot lateral. In addition, the Company announced that during the week it will begin fracking operations on its Beech Grove 94H-1 well in East Feliciana Parish, Louisiana. Goodrich Petroleum added that at present, it is drilling the SLC, Inc. 81H-1 well in West Feliciana Parish, Louisiana, the Bates 25-24H-1, the Denkmann 33-28H-2 wells in Amite County, Mississippi, and the CMR-Foster Creek 24-13H-1 well in Wilkinson County, Mississippi. The full analyst notes on Goodrich Petroleum are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/GDP/report.pdf
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Rockwood Holdings, Inc. Analyst Notes
On May 28, 2014, Rockwood Holdings, Inc. (Rockwood) announced that it acquired the ownership interest to create a joint venture with Sichuan Tianqi Lithium Industries Inc. (Tianqi) for purchase price $475 million funded from cash on hand, giving the Company 49% ownership interest in Talison Lithium Pty Ltd. According to Seifi Ghasemi, Chairman and CEO, Rockwood, the acquisition is a significant step in positioning the Rockwood Lithium as the premier provider of lithium products to its global customers. He stated, "Additionally, this acquisition drives meaningful shareholder value as it meets all of our key capital allocation criteria that we previously announced. It is the leading spodumene producer with the largest and richest mine operations in the world, accretive from day one and expected to deliver margins well over our 25% target ." The full analyst notes on Rockwood are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/ROC/report.pdf
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Linn Energy, LLC Analyst Notes
On June 2, 2014, Linn Energy, LLC (Linn Energy) and its wholly owned subsidiary, Linn Energy Finance Corp., announced an offer to exchange any and all of the $1.8 billion outstanding principal amount of 6.250% Senior Notes due 2019 for an equal amount of new 6.250% Senior Notes due 2019.The Company stated that the terms of the exchange notes are similar in all material respects to those of outstanding notes except for transfer restrictions, registration rights and additional interest provisions. Linn Energy added that outstanding notes that are not exchanged will continue to be subject to the existing restrictions on transfer. The Company informed that the exchange offer will expire on June 28, 2014 at 12:01 a.m. New York City time. The full analyst notes on Linn Energy are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/LINE/report.pdf
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Rowan Companies plc Analyst Notes
On May 27, 2014, Rowan Companies plc (Rowan) announced its "Monthly Fleet Status Report" regarding drilling rig status and contract information has been updated as of May 27, 2014. Highlights of the report include fixing the Rowan Renaissance rig which began experiencing issues with its subsea systems on May 19, 2014 and is expected to resume normal operations by beginning of June 2014. According to the Report, Joe Douglas was awarded an estimate 90-day contract with Freeport-McMoRan Oil & Gas at a $165,000 day rate, while Rowan Gorilla VII and Rowan Gorilla II, were awarded 220-day extension with Apache in the UK sector at a $280,000 day rate and 120-day extension with Pertamina in Indonesia, respectively. The Company added that both the Rowan Gorilla VII and Rowan Gorilla II have no change from current day rate. The full analyst notes on Rowan are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/RDC/report.pdf
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