This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – December 28, 2011 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include BP plc ( (BP - Analyst Report), Petrobras ( (PBR - Analyst Report), Statoil ASA ( (STO - Analyst Report), Eni SpA ( (E - Analyst Report) and Nissan Motor Co. ( (NSANY).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday’s Analyst Blog:
3 European Firms Strike Angola Deal
With the aim of expanding individual footing in the energy sector of South Africa, three European oil biggies entered into three different deals with Sonangol, the National Fuel Company of Angola, to explore the undeveloped pre-salt offshore acreage.
London, England-based BP plc ( (BP - Analyst Report) received access to five more deepwater exploration and production blocks offshore Angola, netting a total of nine blocks. BP and Sonangol also inked production sharing contracts (PSCs) for four new blocks in the Kwanza and Benguela basins.
BP, with a 50% interest, will act as the operator for Blocks 19 and 24, while it holds non-operating interests of 20% in Block 20 and 15% in Block 25. Additionally, the company acquired a 40% stake in Block 26 and signed a farm-in deal with the operator, Petrobras ( (PBR - Analyst Report).
Another integrated oil and gas behemoth, Statoil ASA ( (STO - Analyst Report) won operating rights for Blocks 38 and 39, with 55% interest in both. The company also received 20% partnership interests in Blocks 22, 25 and 40. These blocks are located in the pre-salt play of Kwanza Basin.
Norway-based Statoil’s work commitment involves 3D seismic acquisition spanning 7,104.3 square miles. The company will also be engaged with the development of Sonangol’s Research and Technology Center, social projects and training programs for Sonangol employees.
Italian firm Eni SpA ( (E - Analyst Report) inked a PSC with state-controlled Sonangol for the drilling of deepwater offshore Block 35 in northern Kwanza Basin. The block will be operated by Eni (30% stake), while partners Sonangol and Repsol Exploracion SA will hold a respective interest of 45% and 25%.
The scope of the contract offers exploration of two wells at pre-salt plays and the acquisition of a 3D seismic survey of 965.3 square miles.
Angolahas vast untapped reserves of oil and gas, which are attracting investors from across the globe. With the help of technological expertise and skilled manpower extended by the above alliance, exploration activities are expected to yield a high success rate. Development of the southwest African nation’s energy industry will also aid in fulfilling the growing domestic demand for fuel and minimize the dependence on imports.
We are maintaining Neutral ratings on BP, Statoil and Eni for the long term.
Nissan Makes 3rd December Recall
Nissan Motor Co. ( (NSANY) recalled new sets of vehicles for the third time in December due to safety issues. The recall included 14,000 units of 2011 Infiniti FX, 2012 Infiniti M, and the 2011-2012 Nissan Frontier, Xterra, Pathfinder and NV due to faulty engine bolts.
The company has revealed that the defective bolts in the vehicles may break, leading to oil leaks and engine failure. It has begun the investigation on the vehicles, manufactured between June and September this year, after receiving several reports of bolts breaking.
Earlier in the month, Nissan announced that it would recall 34,000 units of Sentra compact cars due to a problem with their battery cables, causing the engines to stall. The recall included 2010 and 2011 model year vehicles that are equipped with MR-20 engines and manufactured between May 11, 2010 and May 22, 2010, and July 8, 2010 and October 25, 2010.
It also announced to recall 28,294 units of Juke small crossover SUVs due to a problem with their turbocharger boost sensor bracket that can break free from an air inlet tube resulting from a defective welding. The problem could cause the vehicle to stall that may lead to a crash.
The 2011 model year Jukes were manufactured between April 9, 2010 and May 12, 2011. Nissan has decided to check the brackets and replace them free of charge if necessary. It will start recalling the vehicles from January 9, 2012.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339