On Thursday, Guidewire Software Inc (NYSE:GWRE)’s shares declined -3.55% to $50.01.
Guidewire Software Inc (GWRE) declared that its Chief Executive Officer, Marcus Ryu, and its Chief Financial Officer, Richard Hart, will present at the J. P. Morgan Global Technology, Media and Telecom Conference, to be held in Boston, MA.
The Guidewire presentation is planned for Monday, May 18, 2015 at 4:10 p.m. ET. A live webcast, in addition to the replay, will be accessible under the “Webcasts and Presentations” section on the Company’s investor relations website at http://ir.guidewire.com.
Guidewire Software, Inc. provides software products for property and casualty (P&C) insurers. It offers an integrated suite of software applications that address the core processes, such as underwriting and policy administration, claims administration, and billing.
W&T Offshore, Inc. (NYSE:WTI)’s shares dropped -3.47% to $5.58.
W&T Offshore, Inc. (WTI) declared that it has closed the formerly declared $300 million five-year second-lien term loan that was priced with a 9% fixed coupon at 99 to yield 9.25%. Net proceeds have been used to repay a portion of the outstanding borrowings under the Company’s revolving credit facility. Pro forma for the new issue, the Company’s liquidity under the borrowing base plus cash on hand as of March 31, 2015, would have been over $285 million. The borrowing base under the Company’s revolving bank credit facility is now set at $500 million.
An entity controlled by Tracy W. Krohn, W&T Offshore’s Chairman and Chief Executive Officer, has take partd in the term loan for a $5.0 million principal commitment on the same terms as other lenders. Details of the term loa contract will be accessible via a Current Report on Form 8-K that will be filed with the Securities and Exchange Commission this week.
W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas.
At the end of Thursday’s trade, Continental Resources, Inc. (NYSE:CLR)‘s shares dipped -3.34% to $45.16.
Continental Resources, Inc. (CLR) declared first quarter 2015 operating and financial results.
Continental stated a net loss of $132.0 million, or $0.36 per diluted share, for the first quarter of 2015. Adjusted net loss for the first quarter of 2015 was $33.8 million, or $0.09 per diluted share.
EBITDAX for the first quarter of 2015 was $439.4 million, contrast with EBITDAX of $775.4 million for the first quarter of 2014, reflecting the decline in average commodity prices since June 2014. Definitions and reconciliations of adjusted net loss, adjusted earnings per share and EBITDAX to the most directly comparable U.S. generally accepted accounting principles (GAAP) financial measures can be found in the supporting tables at the conclusion of this press release.
Continental Resources, Inc. explores, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil production to end users, in addition to midstream marketing companies or crude oil refining companies at the lease.
LinnCo LLC (NASDAQ:LNCO), ended its Thursday’s trading session with -3.36% loss, and closed at $11.80.
LinnCo LLC (LNCO) declared financial and operating results for the three months ended March 31, 2015.
LINN stated the following first quarter 2015 results:
Grew average daily production by two percent to about 1,201 MMcfe/d for the first quarter 2015, contrast to the estimated year-end 2014 exit rate of about 1,180 MMcfe/d, while decreasing the budget for total oil and natural gas capital expenditures by about 65 percent for 2015 contrast to 2014;
Total revenues of about $917 million for the first quarter 2015;
Improved lease operating expenses by eight percent to about $173 million for the first quarter 2015, contrast to guidance of $189 million (mid-point);
Net loss of about $339 million, or $1.03 per unit, for the first quarter 2015, which comprises non-cash impairment charges of about $533 million, or $1.61 per unit, and non-cash gains related to changes in fair value of unsettled commodity derivatives of about $149 million, or $0.45 per unit; and
Shortfall of net cash offered by operating activities after distributions to unitholders and discretionary adjustments considered by the Board of Directors, counting total development of oil and natural gas properties (see Plan 1) of about $37 million for the first quarter 2015.
LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.
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