During Friday’s current trade, Pengrowth Energy Corp (USA) (NYSE:PGH)’s shares decline -0.37% to $2.68.
Pengrowth Energy Corp (USA) (PGH) report that production from the Lindbergh thermal project now exceeds the project’s nameplate capacity of 12,500 barrels per day (bbl/d). With all three well pads now on SAGD (steam assisted gravity drainage) production, the project is presently producing in excess of 13,000 bbl/d with an instantaneous steam oil ratio of 1.9. Installation of the remaining downhole electric submersible pumps (ESPs) was accomplished at the end of May and all producing wells now have ESPs in place. Production rates from the commercial project continue to enhance, tracking the performance of the two pilot well pairs which have now been on production for over three years and which have been integrated into the commercial project. The project remains on track with continued ramp-up of production predictable through the remainder of 2015, ultimately achieving production rates of 16,000 bbl/d by the end of the year.
Pengrowth also declares that its July 15, 2015 cash dividend will be Cdn $0.02 per common share. The ex-dividend date is June 18, 2015. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of June 22, 2015.
Pengrowth Energy Corporation engages in the acquisition, development, exploration, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. It primarily explores for crude oil, bitumen, natural gas, and natural gas liquids.
- Rowe Price Group Inc (NASDAQ:TROW)‘s shares drop -0.57% to $78.52, during the current trading session Friday’s, hitting its highest level.
- Rowe Price Group Inc (TROW) declared that it closed its Health Sciences Fund and similar portfolios for institutional clients at 4 p.m. ET recently. The decision to close the fund was made to maintain the integrity of the fund’s investment strategy and to protect the interests of existing shareholders. While the fund is closed to new investors, it will continue to accept additional investments from existing shareholders and from participants in an employer-sponsored retirement plan for which the fund serves as an investment option. New IRAs may also be opened through a direct rollover from an employer-sponsored retirement plan.
- Rowe Price Health Sciences Fund, which launched on December 29, 1995, seeks long-term capital appreciation from the stocks of companies involved in health care, medicine, and life sciences. It has been managed since February 15, 2013, by Taymour Tamaddon, who has been an investment professional at T. Rowe Price since 2004. The Health Sciences Fund received an Overall Morningstar RatingTM of five stars as of April 30, 2015. Its ticker symbol is PRHSX.
This is the first time the Health Sciences Fund has closed to new investors. The pace of inflows into the fund has raised dramatically in recent years. With $14.8 billion in total assets in the Health Sciences Strategy as of April 30, 2015–counting $14.1 billion in the Health Sciences Fund–assets have risen by $5.9 billion since the end of 2013. The strategy had nearly $1.8 billion of inflows during that time, counting $1.1 billion this year through April 30. Closing the fund to new investors will assist ensure that additional inflows do not overwhelm the portfolio manager’s ability to meet the fund’s investment objective.
- Rowe Price has a history of closing funds to maintain the integrity of an investment strategy and to protect the interests of existing shareholders. Other T. Rowe Price mutual funds that are presently closed to new investors are the Capital Appreciation Fund, High Yield Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, New Horizons Fund, and Small-Cap Stock Fund.
- Rowe Price Group, Inc. is a publicly owned asset administration holding company. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It invests in the public equity and fixed income markets across the globe.
In a mid-morning trade, Papa Murphy’s Holdings Inc (NASDAQ:FRSH)‘s shares surge 3.60% to $18.98.
Papa Murphy’s Holdings Inc (FRSH) declared the pricing of an underwritten secondary offering of a total of 2,500,000 shares of common stock of the Company by certain of the Company’s stockholders, counting associates of Lee Equity Partners (the “Selling Stockholders”) at a price to the public of $17.55 per share. In addition, the Selling Stockholders in the offering have granted the underwriter an option to purchase up to 375,000 additional shares. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by administration or the Company. The offering is predictable to close on June 16, 2015, subject to customary closing conditions.
Papa Murphy’s Holdings, Inc., together with its auxiliaries, owns, operates, and franchises Take N Bake pizza stores. As of May 6, 2015, it operated 1,475 franchised and corporate-owned fresh pizza stores in 38 states of the United States; Canada; and the United Arab Emirates. The company was founded in 1981 and is based in Vancouver, Washington.
Harman International Industries Inc./DE/ (NYSE:HAR), during its Friday’s current trading session -0.16% loss and closed at $122.21.
Harman International Industries /DE/ (HAR) declared a new record of product innovation and design awards for its home and multimedia products. Over the past two and a half years, HARMAN brands counting JBL, Harman Kardon, Infinity, AKG, Yurbuds, and Mark Levinson have won 144 awards for 84 different products. Backed by strong consumer demand, with more than 10 million HARMAN portable audio products sold worldwide, this record of success makes HARMAN the champion award winner in the global consumer electronics industry.
Harman International Industries, Incorporated develops, manufactures, and markets audio products, lighting solutions, and electronic systems, in addition to digitally integrated audio and infotainment systems for the automotive industry worldwide. Its Infotainment segment offers infotainment systems for vehicle applications to be installed primarily as original equipment by automotive manufacturers.
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