Resolved Suspensions and Debarments, Extended Consent Payment Deadlines, and Filing of Annual Report - Analyst Notes on BP, Encana, Statoil, Ecopetrol, and Sunoco Logistics
March 19, 2014 at 08:00 AM EDT
NEW YORK, March 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding BP plc (NYSE: BP), Encana Corporation (NYSE: EC), Statoil ASA (NYSE: STO), Ecopetrol SA (NYSE: EC), and Sunoco Logistics Partners L.P. (NYSE: SXL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
BP plc Analyst Notes
On March 13, 2014, BP plc (BP) reported that the Company has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters regarding the suspension, debarment and statutory disqualification of BP after the Deepwater Horizon accident and oil spill. Due to the said agreement, BP can once again enter into new contracts with the US government, along with new deepwater leases in the Gulf of Mexico. John Mingé, Chairman and President of BP America, Inc., commented, "After a lengthy negotiation, BP is pleased to have reached this resolution, which we believe to be fair and reasonable. Today's agreement will allow America's largest energy investor to compete again for federal contracts and leases." The full analyst notes on BP plc are available to download free of charge at:
Encana Corporation Analyst Notes
On March 13, 2014, Encana Corporation (Encana) reported that its wholly-owned subsidiary, Encana Acquisition ULC (the Purchaser) received the necessary consents to authorize the proposed amendments to the indenture wherein the 5.80% Notes due May 1, 2014 (CUSIP / ISIN Numbers 292506AA0 / US292506AA00) (the Notes) issued by Encana Holdings Finance Corp. were issued. The Purchaser also extended the consent payment deadline to 10:00 a.m., New York City time, on March 28, 2014. The complete terms and conditions of the tender offer and consent solicitation are stated in the Offer to Purchase and Solicitation of Consents (the Tender Offer and Consent Solicitation Statement), dated February 28, 2014, and the related Letter of Transmittal and Consent which was sent to holders of the Notes. In accordance with the terms of the tender offer and consent solicitation, holders who have previously tendered their Notes can no longer validly withdraw those Notes from the tender offer. The full analyst notes on Encana Corporation are available to download free of charge at:
Statoil ASA Analyst Notes
On March 17, 2014, Statoil ASA (Statoil) reported that on behalf of the Company, DNB purchased 564,243 shares for use in the group's Share saving plan on March 14, 2014. The shares were acquired at a price of (Norwegian Krone) NOK 164.82 per share. According to the Company, the Share saving plan has 8,130,876 shares before the same was distributed to the employees. The full analyst notes on Statoil ASA are available to download free of charge at:
Ecopetrol SA Analyst Notes
On March 12, 2014, Ecopetrol SA (Ecopetrol) referred to the 6-K that the Company filed on September 11, 2013 (the Prior 6-K), and stated that KPMG Ltda., its independent registered public accounting firm for fiscal years 2011 and 2012, had notified the Company that they were initiating a consultation with the U.S. Securities and Exchange Commission (SEC) regarding the treatment under the SEC´s auditor independence rules of investments in Ecopetrol by the independent pension fund administrator which manages private pension funds where the partners of KPMG Ltda. and affiliates in Colombia (KPMG Colombia) had their pension fund savings. According to the Company, KPMG Ltda. advised the Company that it concluded that its independence was not compromised by the investments in the Company detailed in the Prior 6-K. The full analyst notes on Ecopetrol SA are available to download free of charge at:
Sunoco Logistics Partners L.P. Analyst Notes
On February 27, 2014, Sunoco Logistics Partners L.P. (Sunoco Logistics) reported that the Partnership filed its Annual Report on Form 10-K with the Securities and Exchange Commission on February 27, 2014. The Company further informed that interested parties can access a copy of the Annual Report through the Partnership's website under the "Financial Information" heading in the "Investors" section. The full analyst notes on Sunoco Logistics Partners L.P. are available to download free of charge at:
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