NEW YORK, June 6, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please
scroll to bottom.
Today, Wall Street Reports announced new research reports
highlighting Enterprise Products Partners L.P. (NYSE: EPD),
Talisman Energy Inc. (NYSE: TLM), Rosetta Resources Inc. (NASDAQ:
ROSE), Bonanza Creek Energy, Inc. (NYSE: BCEI), and Gran Tierra
Energy Inc. (NYSE: GTE). Today's readers may access these reports
free of charge - including full price targets, industry analysis
and analyst ratings - via the links below.
Enterprise Products Partners L.P.
Research Report
On June 3, 2013, Enterprise
Products Partners L.P. (Enterprise) announced that it will proceed
with the development of a project to transport diluent-quality
natural gasoline from the Company's Mont
Belvieu, Texas liquids storage complex to several potential
delivery points in Chicago and its
surrounding areas. The positive response from shippers during the
recent open commitment period soliciting long-term transportation
agreements supported Enterprise's proposed plans to provide access
to both the Southern Lights and Cochin pipelines. The new connections are
expected to commence operation during Q4 2013 and Q2 2014,
respectively. On May 30, 2013 the
Company announced a binding open season to determine shipper
support for transporting propane to Mont
Belvieu on Enterprise's ATEX pipeline. The Company expects
the propane transportation service to begin in Q1 2015. The Full
Research Report on Enterprise Products Partners L.P. - including
full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/7359_EPD]
--
Talisman Energy Inc. Research
Report
On May 20, 2013, Talisman Energy
Inc. (Talisman) announced the first oil production from its
Hai Su Trang and Hai Su Den (HST/HSD) development, offshore
Vietnam. The Company expects the
gross production to reach 15,000 bbls/d (barrels per day) once the
facilities are fully commissioned. "We are delighted to have
achieved first oil ahead of schedule and under budget," said
Paul Blakely, Talisman's EVP,
Asia-Pacific. "This development
will help Talisman meet its regional and corporate objectives of
adding near-term, high-margin liquids volumes and associated cash
flow. In addition, it will allow us to evaluate the further
development potential of the HSD field." He also said that working
along with colleagues from PetroVietnam and its subsidiary PVEP, as
well as PTSC, the EPCI contractor, and PV Drilling, Talisman was
able to deliver its first oil in less than 18 months from the date
of project sanction. The Full Research Report on Talisman Energy
Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/7ab6_TLM]
--
Rosetta Resources Inc. Research
Report
On May 14, 2013, Rosetta Resources
Inc. (Rosetta) announced the completion of the acquisition of
Permian Basin assets from Comstock Resources, Inc. With
$38.4 million deposit previously
paid, the total consideration for the acquisition was $811 million, which included $768 million purchase price and $43.3 million in normal and customary closing
adjustments. However, the total amount is subject to further
post-closing adjustments. The transaction was largely funded by the
net proceeds received from the Senior Notes issued in April 2013, as well as borrowings under Rosetta's
expanded Senior Revolving Credit Facility. As of May 14, 2013, the Company had $100 million outstanding with $700 million available for borrowing under the
Credit Facility. "This oil-targeted acquisition provides entry into
the Permian Basin and a new core area with growth potential in well
delineated assets," said Jim
Craddock, Chairman, CEO, and President of Rosetta. "The
transaction adds a significant number of oil well locations to our
project inventory and further advances Rosetta's long-term
unconventional resource development strategy." The Full Research
Report on Rosetta Resources Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/a7dd_ROSE]
--
Bonanza Creek Energy, Inc. Research
Report
On May 20, 2013, Bonanza Creek
Energy, Inc. (Bonanza Creek) announced that the borrowing base
under the Company's bank credit facility has been increased to
$330 million, pursuant to the
completion of its semi-annual redetermination. This represents an
$80 million increase over Bonanza
Creek's previous borrowing base of $250
million, which had been reduced as a result of the Company's
recent issuance of senior unsecured notes completed on April 9, 2013. "Our revised borrowing base of
$330 million is the highest in the
Company's history and, when combined with the proceeds of our
recent high yield offering, gives Bonanza Creek ample capacity to
fund its organic growth initiatives in 2013 and should provide a
comfortable liquidity position to work from as we begin to plan for
2014," said Michael Starzer,
President and CEO of Bonanza Creek. The Full Research Report on
Bonanza Creek Energy, Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free
of charge at:
[http://www.wsreports.com/r/full_research_report/ce12_BCEI]
--
Gran Tierra Energy Inc. Research
Report
On May 28, 2013, Gran Tierra
Energy, Inc. (Gran Tierra) provided updates for its exploration
drilling in Peru. The Company
announced that it has completed testing of the sidetrack on the
Bretaña Norte 95-2-1 XD exploration well, and the results supported
Gran Tierra's expectations of significant potential production
additions from the Bretaña field. "This discovery has material
contingent resource potential, and is expected to provide
significant growth for the Company and assist Perupetro in
achieving its objectives to bring new oil to the market on behalf
of the Government of Peru," said
Dana Coffield, President and CEO of
Gran Tierra. Further, the Company plans front-end engineering and
design study to assist in the expected development of the Bretaña
field. Test crude is expected to be sold to the Iquitos refinery
during the initial test period, one of the several crude
monetization options under evaluation for Bretaña. The Full
Research Report on Gran Tierra Energy Inc. - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/2132_GTE]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our
views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a
best efforts basis and reviewed by a CFA. However, we are only
human and are prone to make mistakes. If you notice any errors or
omissions, please notify us below.
- This information is submitted as a net-positive to companies
mentioned, to increase awareness for mentioned companies to our
subscriber base and the investing public.
- If you wish to have your company covered in more detail by our
team, or wish to learn more about our services, please contact us
at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquires, please contact us
at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar
coverage on your company? Send us a full investors' package to
research@EquityNewsNetwork.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort
basis. This document, article or report is prepared and authored by
Equity News Network. An outsourced research services provider has,
through Chartered Financial Analysts, only reviewed the information
provided by Equity News Network in this article or report according
to the Procedures outlined by Equity News Network. Equity News
Network is not entitled to veto or interfere in the application of
such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as
to the accuracy or completeness or fitness for a purpose
(investment or otherwise), of the information provided in this
document. This information is not to be construed as personal
financial advice. Readers are encouraged to consult their personal
financial advisor before making any decisions to buy, sell or hold
any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may
be occasioned at the time of printing of this document or any
error, mistake or shortcoming. No liability is accepted by Equity
News Network whatsoever for any direct, indirect or consequential
loss arising from the use of this document. Equity News Network
expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance
placed on the information in this document. Equity News Network
does not (1) guarantee the accuracy, timeliness, completeness or
correct sequencing of the information, or (2) warrant any results
from use of the information. The included information is subject to
change without notice.