On Wednesday, Shares of Encana Corporation (NYSE:ECA), lost -7.38% to $6.78, hitting its lowest level, as bears retook control of the oil market Wednesday, reversing early gains to send the U.S. benchmark to its lowest finish since March after a larger-than-predictable fall in U.S. crude inventories was overshadowed by a rise in supplies of oil products, according to Market Watch.
On the New York Mercantile Exchange, West Texas Intermediate crude-oil futures fell 59 cents, or 1.4%, to settle at $45.15 a barrel—the lowest close since March 18. Market Watch Reports
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
Shares of Two Harbors Investment Corp. (NYSE:TWO), declined -2.38% to $9.84, during its last trading session.
Two Harbors Investment Corp. declared its financial results for the quarter ended June 30, 2015.
Highlights
- Book value was $10.81 per common share, representing a (0.1)%(1) total return on book value after accounting for a dividend of $0.26 per share, bringing the total return on book value for the first half of 2015 to 2.1%.(2)
- Delivered Comprehensive Income of $2.7 million, a return on average equity of 0.3%, or $0.01 per weighted average common share.
- Stated Core Earnings of $80.2 million, or $0.22 per weighted average common share.(3)
- Generated an aggregate portfolio yield of 4.16% and a net interest margin of 2.79% for the quarter ended June 30, 2015.
- Accomplished two securitizations, issuing securities backed by about $493.3 million unpaid principal balance (UPB) of prime jumbo residential mortgage loans.
Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights, commercial real estate debt and related assets, and other financial assets.
Finally, Seagate Technology Public Limited Company (NASDAQ:STX), ended its last trade with 0.91% gain, and closed at $51.86.
Seagate Technology Public Limited Company declared the availability of the 1200.2 Serial Attached SCSI (SAS) Solid State Drive (SSD). The Seagate® 1200.2 SAS SSD is the first product to result from a planned alliance between Seagate and Micron Technology, Inc. (MU), declared in February 2015.
The framework established between Seagate and Micron has led to the development and production of this next-generation, high-capacity SAS SSD platform. It is the first 12 gigabits-per-second (Gb/s) SAS device to optimize dual channel throughput with up to 1800 megabytes-per-second (MB/s) sequential reads and offer multiple endurance choices within a single hardware and firmware design. These advantages engineered for the 1200.2 SAS SSD ensure it will deliver ultra-fast performance to match the needs of specific enterprise applications and workloads.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. The company provides hard disk drives, solid state hybrid drives, and solid state drives that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, and digital media systems.
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