On Wednesday, Shares of Denbury Resources Inc (NYSE:DNR), lost -7.49% to $3.09.
Denbury Resources Inc, as concerns about the global supply glut continue to weigh on oil prices.
Oil prices opened stronger this morning after China’s government indicated that it would improvement spending to boost its economy, but prices have since fallen as concerns about the global supply glut persist, Reuters reports.
With summer driving season coming to a close, U.S. demand for gasoline will likely fall, exacerbating fears that global demand will fall short for the oversupplied market, according to Reuters.
Crude oil (WTI) is lower by 3.05% to $44.54 per barrel this afternoon, and Brent crude down by 3.07% to $48 per barrel, according to the CNBC.com index.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
Shares of Cliffs Natural Resources Inc (NYSE:CLF), inclined 2.56% to $4.40, during its last trading session.
Cliffs Natural Resources Inc, declared that certain of its associated companies have reached a sale and purchase agreement, dated as of September 7, 2015 (the “Decar Agreement”), in respect of the Decar property with First Point Minerals Corp. (FPX-TSX) (“First Point”). As part of the sale transaction, an associated company of Cliffs intends to sell the common shares of First Point beneficially owned by it to one or more purchasers that First Point has agreed to identify following the terms of the Decar Agreement. Such associate of Cliffs is presently the beneficial owner of 14,353,190 common shares in the capital of First Point, representing about 13.6% of the issued and outstanding common shares. Cliffs has no present intention of acquiring other securities of First Point.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia. The company also owns interests in the Decar Property situated in British Columbia; and the Labrador Trough South property located in Fermont, Québec.
Finally, Boeing Co (NYSE:BA), ended its last trade with -0.86% loss, and closed at $132.67.
Boeing Co, Boeing and UK Leisure Airline Jet2.com have finalized an order for 27 Next Generation 737-800s, valued at about $2.6 billion at current list prices. Jet2.com presently operates an all-Boeing fleet of nearly 60 aircraft; however, this is the organization’s first direct Boeing order.
The aircraft will be used to take the company’s package holiday and flight only customers to leisure destinations in the Mediterranean, the Canary Islands and also to a combination of exciting European leisure cities.
Philip Meeson, Executive Chairman of Jet2.com said: “Recently’s order for 27 additional 737-800NGs will be delivered over the next two years and will provide Jet2.com with the necessary cost effective, reliable and comfortable environment to allow us to build upon our already highly successful family friendly business. We are extremely happy to have finalized this order for more of what has already proven to be a popular aircraft within our fleet.”
Todd Nelp, Vice President of European Sales, Boeing Commercial Airplanes commented: ”The 737-800 is the best-selling version of the highly successful Next-Generation 737 family and has accumulated more than 6,900 orders worldwide. We are very proud that Jet2.com has again selected Boeing to meet its ongoing fleet requirements.”
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.
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