On Tuesday, Shares of Oasis Petroleum Inc. (NYSE:OAS), gained 6.18% to $13.41, as oil prices edged higher despite a tentative nuclear energy accord with Iran that could pave the way for it to resume oil exports to already glutted world markets.
Benchmark Brent crude futures LCOc1 settled up 66 cents, or 1.1 percent, at $58.51 a barrel. Prices had fallen almost $2 earlier, weighed by news of the Iran nuclear deal.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Shares of Bank of Montreal (NYSE:BMO), declined -0.26% to $58.36, during its last trading session.
According to BMO’s Annual Debt Report released recently, almost two-thirds of Canadians with debt (64 per cent) would be stressed in the event interest rates rose two percentage points, with one-quarter (25 per cent) saying they would be very stressed.
Meanwhile, there is optimism among Canadians regarding the pace at which they can pay their debt down and there remains an appetite for taking on more debt in the next year.
The annual poll, conducted by Pollara, revealed:
- The average household debt in Canada is $92,699, trending slightly above the four year average of $88,303 dating back to 2012 when the annual polling began.
- While almost half of Canadians (46 per cent) feel some stress about their current debt load, the percentage is lower contrast with the past two years (54 per cent in 2014, and 57 per cent in 2013).
- The majority (59 per cent) believe they will pay off their current debt in five years or less.
- However, 46 per cent of those with debt plan to take on more debt in the coming year.
Bank of Montreal offers various banking products and services in Canada, the United States, and internationally. The company’s personal and commercial banking products and services comprise chequing and savings accounts; banking services, counting 24/7 banking, direct deposits, bill payments, overdraft services, money transfers, wire transfers, and travel insurance; credit cards; mortgages; loans and lines of credit; and creditor insurance.
Finally, Warren Resources Inc. (NASDAQ:WRES), ended its last trade with 14.71% surge, and closed at $0.41.
Warren Resources, declared that it has commenced a search for a Chief Executive Officer. The Company has retained executive search firm Egon Zehnder to assist with the selection process.
In making the declaration, Warren’s Interim Chairman Dominick D’Alleva, said, “Under the steady hands of Interim CEO and director Lance Peterson, Warren has navigated the critical liquidity and debt issues that faced oil and gas companies in the past several quarters, and we are now ready to dedicate the necessary time and resources to conducting a search for a permanent CEO. To the right candidate, we are happy to offer an attractive opportunity to shape the next phase of the Company’s growth, counting a planned review of all assets and offices in the Company’s portfolio.”
Egon Zehnder and the Company are committed to conducting a rigorous and efficient search process, and look forward to introducing a new CEO as expeditiously as possible.
Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of domestic onshore crude oil and gas reserves. The company primarily focuses on the exploration and development of waterflood oil recovery projects in the Wilmington field within the Los Angeles Basin of California; Marcellus Shale project in northeastern Pennsylvania; and coalbed methane natural gas properties located in the Rocky Mountain region.
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