Trefis Top 5 – June 15 Insights (P, BHI, XOM, CLF, RIG)

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Today's big news was Pandora's ( P ) IPO and its first day of trading today. After an early jump, it closed about 9% ahead of its IPO price. Our analysis pegs the value at around $1.9 billion. We also launched coverage recently on Baker Hughes ( BHI ) with an $89 price estimate and Transocean Ltd. , (NYSE:RIG) which is starting exploration in the arctic seas for Norway. Exxon Mobil (NYSE:XOM) makes a major find in its deepwater operations in the Gulf of Mexico, and Cliffs Natural Resources ( CLF ) recently announced the outlook for its Consolidated Thompson operations.

Trefis Valuation of Pandora at $1.9 Billion

Pandora ( P ) is the leader in Internet radio. The company offers music that allows for personalized experience for each listener based on their preferences and feedback. Apart from being available online, Pandora has also launched apps for Apple's ( AAPL ) iPhone, Research in Motion's (NASDAQ:RIMM) BlackBerry and other smartphones operating on Google's (NASDAQ:GOOG) Android OS. The company has also developed relationships with auto manufacturers like Ford ( F ) and BMW (GR:BMW).

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New Coverage Baker Hughes: $89 Trefis Price Estimate

Baker Hughes ( BHI ) provides oilfield services, products, technology and systems globally to the oil and natural gas industry. The company has operations in over 80 countries and its oilfield services operations are organized under 4 geographic divisions. Besides oilfield services, the company also has an 'industrial and others business' that covers the downstream chemicals business, process and pipeline services, stimulation chemicals, reservoir consulting and software products. Its primary competitors are Schlumberger Limited (SLB) and Halliburton Company (NYSE:HAL).

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Exxon Makes Major Deepwater Find in the Gulf of Mexico

Exxon Mobil (NYSE:XOM) recently announced two major oil discoveries and a gas discovery as a result of its deepwater exploration operations in the Gulf of Mexico. The company claims that this is one of the largest discoveries in the region over the last decade and would add more than 700 million barrels of recoverable oil equivalents to the company's reserves. Exxon is the largest independent oil and gas exploration and production company in the world, producing more than 4 million barrels of oil equivalent (boe) daily. It competes with other industry giants like BP (BP), Chesapeake (CHK), Anadarko (APC), ConocoPhillips (COP) and Chevron (CVX).

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Cliffs Announces Outlook Post-Twister for Acquired Operations

Cliffs Natural Resources ( CLF ) recently announced the outlook for its newly acquired Consolidated Thompson operations. The company also released the outlook for its North American coal operations. These operations have been hit recently by severe weather - including a tornado - that led to the company deferring its annual outlook for this business division. A Fortune 500 company, Cliffs is the largest producer of iron ore pellets in North America and a major supplier of direct-shipping lump and fines iron ore out of Australia. It is also a significant producer of metallurgical coal. It competes with other international mining and natural resources companies including Vale (NYSE:VALE), BHP Billiton (BBL) and Rio Tinto (NYSE:RIO).

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Norway Sends Transocean to the Arctic as Production Declines

Transocean Ltd. (NYSE:RIG) is the world's largest provider of offshore drilling services for oil and gas wells and it competes with players such as Diamond Offshore (DO), Hercules Offshore (HERO), Seahawk Drilling (HAWKQ), ENSCO International (ESV) and Rowan Companies (RDC). Transocean also operates one of the most modern and versatile mobile offshore drilling fleets in the world that can function in challenging environments such as the North Sea. We have a $85.70 price estimate for the company, which is roughly at a 36% premium over its current market price.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks , US Markets

Referenced Stocks: AAPL , BHI , CLF , F , P

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