NEW YORK, July 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Commercial Metals Company (NYSE: CMC), Stone Energy Corp. (NYSE: SGY), Hi-Crush Partners LP (NYSE: HCLP), McDermott International Inc. (NYSE: MDR) and Precision Drilling Corporation (NYSE: PDS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4524-100free.
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Commercial Metals Company Analyst Notes
On June 27, 2014, Commercial Metals Company announced that it has entered into a Fourth Amended and Restated Credit Agreement, which increases the Company's revolving credit facility from $300 million to $350 million and extends its maturity date to June 2019. Commenting on the development, Barbara Smith, Senior Vice President and CFO, said, "We value the strong relationships with each member of our bank group and appreciate their continued support and confidence in Commercial Metals Company, as reflected by this 5-year committed credit facility. This facility will provide Commercial Metals Company with the liquidity that is necessary to sustain and grow our business over the long term." The full analyst notes on Commercial Metals Company are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/CMC/report.pdf
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Stone Energy Corp. Analyst Notes
On June 30, 2014, Stone Energy Corp. (Stone) announced a definitive agreement to sell its non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore LLC for $200 million in cash. Stone said that Talos will also assume $117 million in future undiscounted abandonment liabilities. Stone's Chairman, President and CEO David H. Welch said, "The sale of our non-core GOM shelf properties will allow us to further focus our efforts on GOM deep water, gulf coast deep gas and Appalachian projects, which we have targeted for our growth." According to the Company, the aforesaid properties represented production volumes of approximately 57 MMcfe per day for Q1 2014 (58% natural gas). The Company will retain an option for a 50% working interest in the deep drilling rights on the properties. The transaction, which has an effective date of April 1, 2014, is expected to close by early August 2014. The full analyst notes on Stone are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/SGY/report.pdf
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Hi-Crush Partners LP Analyst Notes
On June 23, 2014, Hi-Crush Partners LP (Hi-Crush) announced that its subsidiary firm Hi-Crush Operating LLC has entered into a new long-term frac sand purchase agreement with Halliburton Energy Services, Inc. (Halliburton). The new agreement amends and restates the existing supply agreements between Hi-Crush and its affiliates and Halliburton, increasing the annual minimum committed volumes under the previous agreements, extending the term through December 31, 2018, and requiring Halliburton to pay a specified price for a specified minimum volume of frac sand every month. It also provides for further significant increases in annual volumes dependent on Halliburton's aggregate annual demand for Northern White frac sand. The full analyst notes on Hi-Crush are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/HCLP/report.pdf
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McDermott International Inc. Analyst Notes
On July 3, 2014, McDermott International Inc. (McDermott) announced the completion of the Ayatsil-B Drilling Platform for PEMEX Exploración y Producción in the Bay of Campeche Ayatsil field. The Company was awarded the contract in 2012, and it has provided procurement, fabrication, pre-commissioning, load-out and sea fastening of the Ayatsil-B eight-leg jacket and deck. It completed the engineering from its network of specialist in-house engineers in Houston and Mexico City, with fabrication from its yard in Altamira, Mexico. Under the contract, McDermott will also provide training for PEMEX personnel for operation and maintenance of the Ayatsil-B facility. The full analyst notes on McDermott are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/MDR/report.pdf
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Precision Drilling Corporation Analyst Notes
On July 2, 2014, Precision Drilling Corporation (Precision) announced its plans to release its Q2 2014 results before market opens on July 24, 2014. A conference call and webcast will follow at 12:00 Noon MT (2:00 p.m. ET) on the same day. An archived recording of the call will also be available on the website. The full analyst notes on Precision are available to download free of charge at:
http://www.analystsreview.com/Jul-08-2014/PDS/report.pdf
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