Stock Monitor: Diamondback Energy Post Earnings Reporting
LONDON, UK / ACCESSWIRE / February 22, 2018 / Active-Investors.com has just released a free research report on Anadarko Petroleum Corp. (NYSE: APC) ("Anadarko"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=APC as the Company's latest news hit the wire. On February 20, 2018, the Company announced that its jointly owned sales entity of the Mozambique Area 1 co-venturers - Mozambique LNG1 Company Pte. Ltd has signed a long-term Sale and Purchase Agreement (SPA) with Électricité de France, S.A., (EDF). Register today and get access to over 1,000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is currently working on the research report for Diamondback Energy, Inc. (NASDAQ: FANG), which also belongs to the Basic Materials sector as the Company Anadarko Petroleum. Do not miss out and become a member today for free to access this upcoming report at:
www.active-investors.com/registration-sg/?symbol=FANG
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Anadarko Petroleum most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=APC
Details of the LNG SPA
As per the terms of the SPA. Mozambique LNG1 will supply 1.2 million tonnes per annum (MTPA) of LNG to France's EDF. The tenure of the agreement is for 15 years. EDF is a key power utility Company in France and one of the largest in the world. The current deal is expected to strengthen Mozambique LNG's position as a competitive long-term supplier of LNG. The deal also opens new opportunities for Mozambique LNG to expand its presence in the European market.
Commenting on Mozambique LNG signing the SPA with France's EDF, Mitch Ingram, Executive Vice President - International & Deepwater Operations and Project Management of Anadarko, said:
"Mozambique LNG is unique in its ability to supply LNG to a variety of geographic locations to serve its customers, and this SPA gives us flexible access to Europe, which is one of our key strategic markets. The EDF sale is included in the portfolio of sales of more than 5 MTPA for which we have agreed key terms, and we continue to advance additional off-take arrangements. We anticipate the future development of Mozambique LNG will open new opportunities for the country and serve as a growth platform for its ongoing development."
About Mozambique LNG project
Anadarko first discovered LNG in the Offshore Area 1 of the deepwater Rovuma Basin of Mozambique in 2010. The Company and its partners have discovered approximately 75 trillion cubic feet (Tcf) of recoverable natural gas resources in Offshore Area 1 and are working to develop one of the world's largest liquefied natural gas (LNG) projects. This project is named Mozambique LNG where Anadarko has 26.5% holding. The other participants in the project and their holdings include ENH Rovuma Área Um, S.A. with 15%, Mitsui E&P Mozambique Area1 Ltd. with 20%, ONGC Videsh Ltd with 10%, Beas Rovuma Energy Mozambique Limited with 10%, BPRL Ventures Mozambique B.V. with 10%, and PTTEP Mozambique Area 1 Limited with 8.5%.
Mozambique LNG project will be Mozambique's first onshore LNG development. Anadarko will initially manage operations with two LNG trains with total nameplate capacity of 12.88 million mt/year. The operations will mainly support the development of the Golfinho/Atum fields located entirely within Offshore Area 1. The Company is planning to develop complexes which will be used to feed an onshore LNG terminal on the Afungi peninsula in Cabo Delgado province. The project is expected to be operational from early 2020s.
In December 2017, Mozambique LNG had signed a basic agreement with Japan's Tohoku Electric Power Co. The 15 years long-term agreement was for the annual supply of 280,000 tonnes of LNG from the start of the project. In September 2017, Thailand's state-owned PTT signed a 20-year preliminary deal to purchase 2.6 million tonnes of LNG a year from Mozambique LNG.
About Anadarko Petroleum Corp.
The Woodlands, Texas-based Anadarko is one of world's largest independent oil and natural gas exploration and production companies. The Company aims to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. The Company had approximately 1.44 billion barrels-equivalent of proved reserves as on year-end 2017. Anadarko employs approximately 4,500 people.
Stock Performance Snapshot
February 21, 2018 - At Wednesday's closing bell, Anadarko Petroleum's stock dropped 3.34%, ending the trading session at $57.27.
Volume traded for the day: 6.52 million shares, which was above the 3-month average volume of 5.69 million shares.
Stock performance in the last three-month – up 18.94%; previous six-month period – up 36.20%; and year-to-date - up 6.77%
After yesterday's close, Anadarko Petroleum's market cap was at $31.57 billion.
The stock has a dividend yield of 1.75%.
The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do 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.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
