On Wednesday, in the course of Afternoon trade, Shares of Cobalt International Energy, Inc. (NYSE:CIE), dropped -0.63%, and is now trading at $7.89.
Cobalt International Energy declared that Shannon (Shane) E. Young, III will join Cobalt as Chief Financial Officer and Executive Vice President. Mr. Young is presently Senior Vice President & Chief Financial Officer for Talos Energy LLC. He replaces John P. Wilkirson, who has indicated his desire to pursue other interests. These changes are effective September 1, 2015, and Mr. Wilkirson will remain as a consultant to Cobalt through the end of October to ensure a smooth executive transition.
Commenting on his new assignment Mr. Young said, “I’m excited about joining the Cobalt team in addition, being an integral part of this great company with such a bright future. Cobalt’s reputation as a leading explorer and operator is well known in the industry. I look forward to progressing and strengthening Cobalt’s financial foundation so that it remains a premier global exploration and production company.”
Cobalt International Energy, Inc., through its auxiliaries, engages in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar, and Orca in the offshore Angola; and Diaman in the offshore Gabon.
During an Afternoon trade, Shares of Targa Resources Corp (NYSE:TRGP), dropped -0.02%, and is now trading at $58.71.
Targa Resources Partners LP and Targa Resources Corp. (TRGP) stated second quarter results.
Targa Resources Partners — Second Quarter 2015 Financial Results
Second quarter 2015 net income attributable to Targa Resources Partners was $45.8 million contrast to $108.8 million for the second quarter of 2014. Net income per diluted limited partner unit was $0.01 in the second quarter of 2015 contrast to $0.64 for the second quarter of 2014. The Partnership stated earnings before interest, income taxes, depreciation, amortization, and other non-cash items of $303.2 million for the second quarter of 2015 contrast to $228.7 million for the second quarter of 2014. The Partnership’s distributable cash flow for the second quarter of 2015 of $218.4 million corresponds to distribution coverage of about 1.1 times the $200.4 million in total distributions to be paid on August 14, 2015.
“Targa’s strong results through the first half of 2015 are reflective of the execution, diversity and resiliency of our businesses, and of the successful integration of the assets attained in our mergers at the end of February. Our volume growth in Field Gathering & Processing through the first half of the year results from our positioning in some of the most active basins, and complements Targa’s premier downstream business. Our results are driving quarter-over-quarter distribution and dividend growth consistent with our expectations for the year,” said Joe Bob Perkins, Chief Executive Officer of the Partnership and of the Company.
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States.
Finally, New York Times Co (NYSE:NYT), gained 0.09% Wednesday.
New York Times, declared new trips and destinations for its popular travel program, Times Journeys (NYTimes.com/Times-Journeys), to now comprise 44 itineraries, visiting 37 countries, and seven continents in 2016.
For 2016, Times Journeys will introduce the new vertical, “Women In Focus.” Travelers will join Times-selected experts for in-depth looks at how women are faring in places such as Cuba, Jordan, and India, where they will learn about women’s rights in these specific regions and meet with key women involved in education, health, politics, business and non-profits.
In addition Times Journeys in 2016 will continue to comprise a number of trips to areas of the world that ordinary offerings do not visit, counting, for the first time, a trip to West Africa where travelers will enjoy a diverse range of activities from the potential to meet a local king to dinner with individuals from the UN and the American embassy, all while traveling in Benin, Ghana, and Togo.
The New York Times Company, together with its auxiliaries, provides news and information for readers and viewers across various media worldwide. The company provides The New York Times (The Times), a daily and Sunday newspapers in the United States accessible in print, online, and through other digital platforms; the International New York Times, an international edition of The Times for global audiences; and NYTimes.com and international.nytimes.com.
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