During Tuesday’s Current trade, Shares of Matador Resources Co(NYSE:MTDR), gain 0.71% to $22.57.
Matador Resources Company (MTDR) (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an emphasis on oil and natural gas shale and other unconventional plays and with a current focus on its Permian (Delaware) Basin operations in Southeast New Mexico and West Texas, recently declared a definitive agreement to sell a wholly-owned partner of Matador that owns certain natural gas gathering and processing assets in the Delaware Basin in Loving County, Texas (the “Loving County System”), counting a cryogenic natural gas processing plant with about 35 million cubic feet per day of inlet capacity (the “Processing Plant”) and about six miles of high-pressure gathering pipeline which connects a Matador-owned gathering system to the Processing Plant, to a partner of EnLink Midstream Partners, LP (ENLK) (“EnLink”) for cash consideration of about $143 million, subject to certain adjustments. The Processing Plant, which has been operational for about two weeks, is presently processing about 19 million cubic feet of natural gas per day.
In conjunction with the sale of the Loving County System, Matador will dedicate its current leasehold interests in Loving County following a 15-year, fixed-fee gathering and processing agreement and provide a volume commitment in exchange for preceding one service. Matador can, at its option, dedicate any future leasehold acquisitions in Loving County to a partner of EnLink. In addition, Matador retains its natural gas gathering system up to a central delivery point and its other midstream assets in the area, counting oil and water gathering systems and salt water disposal wells. Finally, Matador has the ability to defer taxes related to the sale of the Loving County System through potential like-kind exchange transactions.
Upon closing, Matador anticipates to have over $500 million in liquidity counting nothing drawn against its revolving credit facility borrowing base of $375 million. Thus, the Company has ample liquidity to execute its capital plans in 2015 and 2016 and further capitalize on its current opportunities in the Delaware Basin. In addition, right away following the closing of the transaction, Matador anticipates its net debt to trailing 12-month Adjusted EBITDA ratio to be about 1.0x.
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States.
Shares of Regal Entertainment Group (NYSE:RGC), declined -1.28% to $18.46, during its current trading session.
Regal Entertainment Group (RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, declares the first of its kind Regal Ultimate Ticket for Spectre, the newest James Bond movie. This limited edition, black, anodized steel Spectre ticket is only accessible to the first 1,000 customers awaiting the opening of the movie. Regal guests with the Ultimate Ticket can see Spectre every day while the movie is in theatres. Spectre, from Albert R. Broccoli’s EON Productions, Metro-Goldwyn-Mayer Studios, and Sony Pictures Entertainment, will be released in the U.S. on November 6.
Because Bond fans can’t get enough of the superspy’s secret service tales, guests can purchase a shadowy, etched, collectible card with the iconic Spectre symbol for $100 starting on Monday, September 14 until the Regal Ultimate Ticket for Spectre is sold out. The Regal Ultimate Ticket will only be accessible for sale online. The Ultimate Ticket is only accessible on Regal’s website. To purchase this limited edition ticket or to learn more, please visit REGmovies.com/spectreticket.
In the film, a cryptic message from the past sends James Bond (Daniel Craig) on a rogue mission to Mexico City and eventually Rome, where he meets Lucia Sciarra (Monica Bellucci), the beautiful and forbidden widow of an infamous criminal. Bond infiltrates a secret meeting and uncovers the existence of the sinister organization known as SPECTRE.
Regal Entertainment Group, through its auxiliaries, operates as a motion picture exhibitor in the United States. It develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets.
Flowserve Corp(NYSE:FLS), during its Tuesday’s current trading session decreased -0.96% to $40.96.
Flowserve Corporation, (FLS), a leading provider of flow control products and services for the global infrastructure markets, declared that its Board of Directors has authorized a quarterly cash dividend of $0.18 per share on the company`s outstanding shares of common stock. The dividend is payable on October 9, 2015, to shareholders of record as of the close of business on September 25, 2015. While Flowserve presently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.18 per share rate or otherwise, will be reviewed individually and declared by the Board at its discretion, dependent on the Board`s assessment of the company`s financial condition and business outlook at the applicable time.
Flowserve Corporation designs, manufactures, distributes, and services industrial flow administration equipment worldwide. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment and services, in addition to manufactures gas-lubricated mechanical seals used in high-speed compressors.
Finally, Foot Locker, Inc.(NYSE:FL), decreased -1.24%, to $72.37.
Champs Sports, one of the largest mall-based athletic footwear and apparel retailers in North America, has released its first smartphone mobile application for iOS and Android. Specifically designed to enhance the digital experience that sneaker lovers have with the Champs Sports brand, the Champs Sports App allows them to find forthcoming sneaker launches, launch dates, and locations in which the hottest sneakers can be purchased, all within the convenience of a single application.
The App initially features the following functions:
- Release Calendar:Champs Sports’ complete release calendar allows sneaker enthusiasts to keep up with future shoe launches and be the first to know about hot, new releases. Users can also select a specific sneaker release and seamlessly add it to their iCalendar or Google Calendar, ensuring they never miss a single release.
- Launch Locator: The Launch Locator lives within the Release Calendar and allows consumers to discover exactly where their favorite new releases are accessible, while keeping track of release dates and procedures all in one app.
Foot Locker, Inc. operates as an athletic shoes and apparel retailer. The company operates in two segments, Athletic Stores and Direct-to-Customers. The Athletic Stores segment retails athletic footwear, apparel, accessories, and equipment under various formats, counting Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction, and SIX:02, in addition to Runners Point, and Sidestep.
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