On Wednesday, Shares of Denbury Resources Inc. (NYSE:DNR), gained 2.96% to $4.18, as Oil prices have edged up from six-year lows as US oil supplies declined and the dollar retreated.
US benchmark West Texas Intermediate for September delivery rose 22 cents to $US43.30 a barrel on the New York Mercantile Exchange on Wednesday. The US contract on Tuesday closed at the lowest level since March 2009.
European benchmark Brent oil for September delivery gained 48 cents to $US49.66 a barrel in London.
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.
Shares of Occidental Petroleum Corporation (NYSE:OXY), inclined 3.15% to $73.73, during its last trading session.
On July 30, Occidental Petroleum Corporation declared core income for the second quarter of 2015 of $165 million ($0.21 per diluted share), contrast with $31 million ($0.04 per diluted share) for the first quarter of 2015 and $1.1 billion ($1.38 per diluted share) for the second quarter of 2014. The second quarter of 2015 had stated income of $176 million ($0.23 per diluted share), contrast with a stated loss of $218 million ($0.28 per diluted share) for the first quarter of 2015 and stated income of $1.4 billion ($1.82 per diluted share) for the second quarter of 2014.
Operating cash flow before working capital changes for the first six months of 2015 was $2.6 billion. The six months working capital changes were $950 million. At December 31, 2014, accounts payable was $5.2 billion, and as of June 30, 2015, it reduced by $1.1 billion to $4.1 billion. This decrease was due to payments related to higher capital and operating spending accrued in the fourth quarter of 2014 but not paid until 2015. Total company capital expenditures for the first six months of 2015 were $3.2 billion. The Oil and Gas segment spent $2.7 billion, with Permian Resources representing 47 percent of the total expenditures, and the remaining $500 million was split between the Chemical and Midstream segments.
Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other.
Finally, Amedica Corporation (NASDAQ:AMDA), ended its last trade with 23.89% surge, and closed at $0.56.
Amedica Corporation declared Agência Nacional de Vigilância Sanitária (ANVISA) cleared its first generation Valeo™ silicon nitride interbody fusion devices and instrument sets for use in Brazil.
“We are extremely excited to expand our global footprint and have an additional sales channel for our innovative first generation silicon nitride devices,” said Dr. Sonny Bal, Chairman and CEO of Amedica Corporation. “Because our material is the only cleared alternative to PEEK and titanium systems in Brazil, we’ve established raised market interest in our differentiated biomaterial, which offers anti-infective properties and a favorable environment for bone growth. We plan to start recognizing incremental revenue as early as this quarter now that our first generation is cleared for immediate distribution in Brazil.”
Amedica Corporation, a commercial-stage biomaterial company, develops, manufactures, and sells a range of medical devices based on its silicon nitride technology platform in the United States, Europe, and South America.
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