On Thursday, Shares of Stone Energy Corporation (NYSE:SGY), gained 12.57% to $4.30.
On Monday, December 28, 2015, Nasdaq Composite ended at 5,040.99, down 0.15%, Dow Jones Industrial Average declined 0.14%, to finish the day at 17,528.27, and the S&P 500 closed at 2,056.50, down 0.22%.
Stone Energy Corp.’s stock edged lower by 8.87% to close Monday’s session at USD 3.80. The company’s shares oscillated between USD 3.73 and USD 4.00. The stock recorded a trading volume of 1.84 million shares, which was below its 50-day daily average volume of 3.09 million shares and its 52-week average volume of 1.97 million shares. Over the last three days Stone Energy Corp.’s shares have advanced 11.11% and in the past one week the stock has moved up 1.06%. However, over the last three months the stock has lost 22.92% and in the past six months the shares have shed 70.20%. On a compounded total return basis, the company has returned 18.01% in the past one week. The stock is trading at a price to book ratio of 0.72, which compares to a historical PB ratio near to 0.84. Additionally, the stock is trading at a price to cash flow ratio of 0.84 and price to sales ratio of 0.36.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region.
Shares of Continental Resources, Inc. (NYSE:CLR), inclined 3.33% to $22.98, during its last trading session.
Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — A growing number of investors are betting against independent oil & gas producer Continental Resources Corporation (CLR) (Oklahoma City, Oklahoma), despite the company’s success in lowering costs and increasing production. About 25 million of Continental’s 340 million shares of common stock were sold short as of November 30, according to data from NASDAQ quoted in an article in Forbes. Investors who sell a stock short are betting its price will fall, allowing them to purchase shares at a cheaper price in the future to cover their bets.
Continental Resources, Inc. explores, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil production to end users, in addition to midstream marketing companies or crude oil refining companies at the lease.
Finally, Mosaic Co (NYSE:MOS), ended its last trade with -2.59% loss, and closed at $27.61.
Mobi724 Global Solutions Inc. declares that it has successfully accomplished the acquisition of 100% of the issued and outstanding shares of IQ 7/24 Inc., a leading Canadian provider of loyalty and customer-engagement solutions. The transaction is subject to the procedural formality of IQ 7/24 obtaining approval from its two (2) financial institutions.
The transaction comprises an equity investment of $500,000 by Mobi724 in IQ 7/24, exclusively for the purpose of growing IQ 7/24’s business. An initial $100,000 of the Equity Investment was disbursed at the date of the closing of the transaction on December 22, 2015, a second tranche of $150,000 of the Equity Investment will be paid before December 31, 2015 and the remaining amount of $250,000 of the Equity Investment will be disbursed in 3 installments in January, February and March 2016. The purchase price for the Shares of IQ 7/24 will be paid in 2018 and will be based on agreed upon multiples of the revenue generated by IQ 7/24 in 2017 and during the first 6 months of 2018. The Equity Investment will be applied towards the purchase price of the Shares of IQ 7/24 attained on December 22, 2015 and the payment of the balance of the purchase price (the “Balance”) will be paid 70% in cash and 30% in common shares of Mobi724 however the sellers have the option of receiving a larger percentage of the Balance in common shares of Mobi724 and a lower percentage of the Balance in cash.
In addition to creating a gain in operational efficiencies, through the sharing of datacentre, administrative and operating facilities, this acquisition will enable Mobi724 to incorporate IQ 7/24’s portfolio of global brands), in addition to a full suite of additional loyalty functionalities, into Mobi724’s portfolio of solutions, counting data analytics and expertise and rules based transactional platform. This acquisition will also add IQ 7/24’s proven capabilities to leverage data intelligence functionalities to enhance the global portfolio profitability of issuers’ cards.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash. The Phosphates segment owns and operates mines in Florida.
