NEW YORK, October 17, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding McDermott International Inc. (NYSE: MDR), Phillips 66 (NYSE: PSX), EXCO Resources Inc. (NYSE: XCO), IAMGOLD Corp. (NYSE: IAG) and Penn West Petroleum Ltd. (NYSE: PWE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7261-100free.
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McDermott International Inc. Research Reports
On October 2, 2014, McDermott International Inc. (McDermott) reported that its engineers in collaboration with a leading valve manufacturer have created the world's largest forged body specialty valve. According to the Company, each of the six valves, destined for the INPEX-operated Ichthys LNG Project, measures approximately 9 meters in length and 7 meters high, and weighs more than 100 tonnes. McDermott informed that after the factory test clearance, two of the six valves will be installed offshore in 270 meters of water, while the remaining four will be installed onshore, one at the landfall block valve and three at the processing facility at Bladin Point. Jonathan Parkes, McDermott Senior Project Director , said, "The Ichthys Project umbilical, riser and flowline infrastructure - which will be installed at the Ichthys Field offshore Western Australia - requires connection of the subsea riser base to the 42-inch gas export pipeline going to the onshore LNG processing facility." The full research reports on McDermott are available to download free of charge at:
http://www.analystsreview.com/Oct-17-2014/MDR/report.pdf
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Phillips 66 Research Reports
On October 14, 2014, Phillips 66 shares ended the day at $70.59, down 3.37% from its previous day closing price of $73.05. The stock opened at $73.52 and fluctuated between $74.16 and $70.11 with total 9.37 million shares changing hands. The stock closed below its 50-day and 200-day moving average of $82.68 and $79.70, respectively and had a two week RSI of 14.34 signaling it is in the undersold category. The full research reports on Phillips 66 are available to download free of charge at:
http://www.analystsreview.com/Oct-17-2014/PSX/report.pdf
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EXCO Resources Inc. Research Reports
On October 10, 2014, EXCO Resources Inc. (EXCO Resources) provided an update about its ongoing search for the role of CEO. As per the Company, it is presently in various stages of discussions with candidates and might consider acquiring oil and gas entities or properties owned by or allied with the candidate who is eventually selected. The full research reports on EXCO Resources are available to download free of charge at:
http://www.analystsreview.com/Oct-17-2014/XCO/report.pdf
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IAMGOLD Corp. Research Reports
On October 3, 2014, IAMGOLD Corp. (IAMGOLD) announced an agreement to sell its Niobec mine to a group of companies led by Magris Resources Inc. According to the Company, the sale will include the adjacent rare earth element ("REE") deposit and the total sale consideration of $530 million for the transaction, includes cash payment of $500 million payable and an additional $30 million when the adjacent REE deposit goes into commercial production. Letwin, IAMGOLD's President and CEO, said, "This sale unlocks the value of Niobec for our shareholders, positions IAMGOLD as a pure gold play and significantly improves our liquidity, which provides us with the opportunity to further improve the grade and cost structure of our portfolio of gold assets." The full research reports on IAMGOLD are available to download free of charge at:
http://www.analystsreview.com/Oct-17-2014/IAG/report.pdf
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Penn West Petroleum Ltd. Research Reports
As per the Events Calendar of Penn West Petroleum Ltd. (Penn West), the Company is scheduled to release its Q3 2014 earnings results on November 5, 2014 before opening of the market, which will be followed by a conference call on the same day. As per Zacks consensus earnings estimates, the Company is expected to report Q3 2014 EPS (Pre-Exceptional) of $0.09. The full research reports on Penn West are available to download free of charge at:
http://www.analystsreview.com/Oct-17-2014/PWE/report.pdf
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