On Wednesday, Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI), lost -0.26% to $3.83.
Sirius XM Holdings, declared that Mark Redmond , President and CEO, will take part in a panel at Canadian Music Week on May 8, 2015 in Toronto . Mr. Redmond will take part in the discussion” The view from the executive suite” at 2:00 pm in Sheraton Hall C.
Canadian Music Week is recognized as one of the premier entertainment events in North America focusing on the business of music. All convention functions take place at the Sheraton Centre Toronto Hotel, 123 Queen Street W. Toronto, May 1 to May 10 .
Sirius XM Holdings Inc., through its auxiliaries, provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, counting various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic reports for 22 metropolitan markets.
Shares of Micron Technology, Inc. (NASDAQ:MU), declined -0.18% to $27.99, during its last trading session.
Micron Technology, declared that the company has designated Ernie Maddock as Chief Financial Officer and Vice President, Finance, effective June 1, 2015.
Mr. Maddock will join Micron after having served as Executive Vice President and Chief Financial Officer at Riverbed Technology, where he was also responsible for worldwide operations and information technology.
Preceding to his role at Riverbed, Maddock was with Lam Research, where he held several executive positions counting Executive Vice President and Chief Financial Officer, Senior Vice President of Global Operations, and Vice President, Customer Support Business Group. Maddock’s career comprises financial and operational experience in several industries ranging from commercial real estate to telecommunications.
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems. It operates in four segments:
At the end of Wednesday’s trade, Shares of Citigroup Inc. (NYSE:C), gained -0.99% to $52.77.
Citigroup, is happy to provide U.S. investors with access to Market-Linked Certificates of Deposit linked to the Citi Market Pilot 5 Excess Return Index.
The CDs, which have a term of seven years, do not pay interest, but enable U.S. investors to take part in the potential appreciation of the Index of at least 175% if held to maturity. If the Index remains the same or depreciates, investors receive their full deposit amount on the maturity date.
Citi Market Pilot 5 Excess Return Index employs a rules-based methodology. It tracks the performance of a hypothetical investment portfolio that may invest in global equities, U.S. Treasuries, commodities, and money market Instruments.
Predictable returns and risks of the selected portfolio in the Index are based on historical performance and volatility, with greater weight on recent returns. Each month, the Index identifies a unique portfolio that, based on a 12-month look-back period, is predictable to achieve the highest return without surpassing a pre-defined level of predictable risk.
The CDs’ deposit date is May 29, 2015. The Index went live on March 2, 2015.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Finally, Denbury Resources Inc. (NYSE:DNR), ended its last trade with 3.63% gain, and closed at $8.56.
Denbury Resources, declared adjusted net income (a non-GAAP measure) of $23 million for the first quarter of 2015, or $0.07 per diluted share. On a GAAP basis, the Company recorded a net loss of $108 million, or $0.31 per diluted share, on quarterly revenues of $304 million. Adjusted net income for the first quarter of 2015 differs from GAAP net income due to the exclusion of (1) a $146 million (pre-tax) write-down of oil and natural gas properties and a $65 million (pre-tax) loss on noncash fair value adjustments on commodity derivatives (a non-GAAP measure).
PRODUCTION
Denbury’s total production for the first quarter of 2015 averaged 74,356 barrels of oil equivalent per day (“BOE/d”), which comprised of 41,827 Bbls/d from tertiary properties and 32,529 BOE/d from non-tertiary properties. Total production during the first quarter of 2015 raised slightly contrast to the first quarter of 2014, in spite of a decrease in Denbury’s ownership interest in Delhi Field due to the November 1, 2014 contractual reversionary assignment of about 25% of Denbury’s interest to the seller of the field. First quarter of 2015 production was 95% oil, unchanged from oil production during the first and fourth quarters of 2014.
Tertiary oil production during the first quarter of 2015 was relatively unchanged on a sequential-quarter basis and up 5%, or 1,935 Bbls/d, from the first quarter of 2014. The tertiary production enhance over first quarter of 2014 production levels was primarily due to production growth at Heidelberg, Oyster Bayou, Tinsley, and Bell Creek fields, partially offset by mature area production declines and the reversionary assignment of about 25% of Denbury’s interest in Delhi Field.
Non-tertiary oil equivalent production was down 1%, or 473 BOE/d, from the fourth quarter of 2014 levels and down 4%, or 1,297 BOE/d, from the preceding-year first quarter levels. These decreases in non-tertiary oil-equivalent production were primarily due to declines at Denbury’s Mississippi non-tertiary fields and Cedar Creek Anticline. The year-over-year quarterly comparison was further influenced by natural gas production at Riley Ridge, which remained shut-in during the first quarter of 2015.
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.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
