During Wednesday’s Current trade, Shares of Pengrowth Energy Corp (USA) (NYSE:PGH), lost -2.80% to $2.43.
Pengrowth Energy Corp (USA) (PGH) reported 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.
The dividend of Cdn $0.02 per common share is equivalent to about U.S. $0.016 per common share using a Canadian/U.S. dollar exchange rate of Cdn $1.00:U.S. $0.804. The actual U.S. dollar equivalent of the dividend will be based upon the actual Canadian/U.S. dollar exchange rate in effect on the payment date, net of applicable Canadian withholding taxes for U.S. residents who hold their Pengrowth shares in taxable accounts.
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.
Shares of Golar LNG Limited (USA) (NASDAQ:GLNG), inclined 1.79% to $47.64, during its current trading session.
Golar LNG Ltd. (GLNG) declared the formation of a 50/50 joint venture with Stolt-Nielsen Limited to pursue opportunities in small-scale LNG production and distribution. Stolt-Nielsen has also made a strategic investment in Golar through open market purchases, representing an ownership stake of approximately 2.3%.
The joint venture between Golar and Stolt-Nielsen will draw upon the logistics and small-scale LNG assets controlled by Stolt-Nielsen and the ocean-based LNG midstream assets controlled by Golar to provide a fully integrated LNG logistics service to consumers of natural gas.
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates in three segments: Vessel Operations, LNG Trading, and FLNG. It is involved in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects.
Oneok Partners LP (NYSE:OKS), during its Wednesday’s current trading session decreased -0.03% to $34.02.
Oneok Partners LP (OKS) will continue to support the partnership’s performance. However, volatility in commodity prices, increasing competition and stringent regulations are causes of concern.
ONEOK Partners L.P., a Zacks Rank #3 (Hold) stocks, stated weak results in the first quarter with both earnings per unit and revenues lagging the Zacks Consensus Estimate. The partnership’s performance was affected by a sharp decline in commodity prices and lower weather relates sales contrast to the prior-year quarter.
ONEOK Partners is presently not expecting a reduction in drilling activities at its operating territories. However, ONEOK Partners’ midstream services will be affected if the upstream players reduce exploration and production to counter unfavorable price movements. This will subsequently affect the partnership’s cash inflow.
ONEOK Partners does not own all of the land on which its pipelines and facilities are built. The partnership attains rights to build and operate its pipelines and allied facilities on land owned by third parties and government agencies for a specific period. Sometimes, the partnership loses these rights because of its failure to renew contracts on acceptable terms or incurs higher costs to renew the same contracts.
ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing; Natural Gas Liquids; and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment gathers and processes natural gas produced from crude oil and natural gas wells located in the Mid-Continent region; and gathers and processes natural gas in the Williston Basin, which spans portions of Montana and North Dakota, and the Powder River Basin of Wyoming.
Finally, Lululemon Athletica inc. (NASDAQ:LULU), gained 0.34%, to $65.52.
Lululemon Athletica inc. (LULU) declared that Miguel Almeida has been named as Executive Vice President, Digital, effective as of the start of his employment with the Company, which is expected to be mid-July. He will report to the Company’s Chief Executive Officer, Laurent Potdevin.
Mr. Almeida’s career spans over 15 years of operational and senior leadership with a keen focus on digital strategies. Most recently, he was the Group VP, Digital Commerce and Mobile solutions for Walgreens where he was responsible for omni-channel initiatives, mobile solutions, and online-to-consumer commerce across a variety of digital brands. Prior to joining Walgreens, Miguel held senior roles in the online groups of Apple and Dell where he drove global online expansion for both companies. Formerly, he was a strategy consultant with The Boston Consulting Group where he worked across multiple countries in Europe and South America mainly in high technology, telecom, ecommerce, marketing and retail.
lululemon athletica inc., together with its auxiliaries, designs, manufactures, and distributes athletic apparel and accessories for women, men, and female youth. It operates through two segments, Corporate-Owned Stores and Direct To Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle activities and athletic pursuits, such as yoga, running, and general fitness; and dance-inspired apparel for female youth.
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