Boston, MA 02/17/2014 (wallstreetpr) – Apparently, Alpha Natural Resources, Inc. (NYSE:ANR) guidance for FY2014, saw a downward revision to $250 million, following better than expected loss in earnings. Analysts were quick to follow suit with Cowen and Company revising downwards to $5 from its earlier $7 and rating the company at ‘perform.’ ANR, a supplier as well as exporter of metallurgical coal fur use in the steel-industry, is also a thermal coal supplier and exporter to electric utilities for the production of electricity. Alpha Natural Resources, Inc. (NYSE:ANR) is an established supplier and exporter of thermal coal to manufacturing industries as well.
Oi SA (ADR)(NYSE:OIBR) with Brazil-origins provides communication services for retail, business as well as government users across three segments- Fixed-line, Data Transmission as well as Mobile and other services. Oi SA (ADR)(NYSE:OIBR) is currently in maximum transition stage as it merges with Portugal Telecom (PT), moving on to create the fifth largest market for wireless services worldwide, with networking services straddling trans-Atlantic regions. The potential customer base is 100 million valued at $19 billion annually.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), a Brazil-based energy company after a mixed 2013, it expected to see some quick action due to a spate of forward looking developments. These include- the completion of the P-55 platform which is expected to net 180,000 barrels oil and 4 million cubic meters of natural gas treatment in a day. With successfully bidding for over 49 oil and natural gas blocks at the Brazilian National Petroleum Agency, the bonanza is for PBR to reap. It is expected to continue operating 16 of these units, while the remaining bids are likely to be operated with the help of other companies. However, the highlight for Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is the high-fetching project- the deep water contract with Technip which will now allow the company to delivery 100 kilometres of pipes for oil production, gas injection and more at its Sapinhoa Note fields off Santos Basin.
