On Thursday, Shares of Goldcorp Inc. (USA) (NYSE:GG), lost -3.04% to $12.14, after gold prices dipped following better U.S. employment data.
U.S. private employment data was strong, creating expectations for an improvement in total employment data, which will be released tomorrow, Reuters reports.
“All eyes are on the forthcoming U.S. NFP data and this will set the tone for trading,” Ava Trade chief market analyst Naeem Aslam told Reuters. “The ISM manufacturing data has … added a negative tone for the Fed rate hike decision but the ultimate test will be tomorrow, and if we have a strong reading it could push the gold price lower.”
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America.
Shares of Encana Corporation (USA) (NYSE:ECA), inclined 2.95% to $6.64, during its last trading session.
Encana Corp. wants to ensure the shale-oil boom keeps booming, according to Bloomberg.
The Canadian producer is among a growing number of companies that are restricting initial output — a process known as choking back — in basins from North Dakota to Texas. They’re conceding huge up-front gushers of crude in exchange for smaller production declines over time so that the wells ultimately generate more oil.
The strategy sacrifices one of the biggest benefits from shale. The early gushers paid back investments fast, allowing companies to pour capital into new projects. Instead, Encana and others envision a future with a more stable flow from wells, so that they don’t always have to keep drilling simply to maintain output. Bloomberg Reports
“You’re losing a barrel recently to get two or three barrels tomorrow,” said Allen Gilmer, chief executive officer of consultant Drilling Info Inc. in Austin. “It’s not a zero-sum game.”
Encana Corporation is engaged in the business of the exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs).
Shares of Mondelez International Inc (NASDAQ:MDLZ), inclined 0.81% to $42.21, during its last trading session.
Fourteen Mondelēz International employees from around the world will learn and serve in cocoa-farming communities in Ghana during a two-week skills-exchange program in late October. Coming from ten countries (Australia, Brazil, Canada, China, Columbia, Egypt, Turkey, United Arab Emirates, the United States and Switzerland), the “Joy Ambassadors” will learn directly from farmers about the challenges and opportunities in securing a sustainable cocoa supply, while sharing their diverse business skills. This effort is part of the company’s Call For Well-being, which is focused on fueling growth while securing the well-being of future generations.
This class of Joy Ambassadors will specifically focus on innovations that can empower women in cocoa growing communities to launch and operate small enterprises. In Ghana, female cocoa farmers earn 25-30 percent less than their male counterparts and often struggle with less access to financing and business knowledge.
As the largest buyer of cocoa in the world, Mondelēz International is committed to ensuring a sustainable cocoa supply chain by implementing programs on the ground, most notably Cocoa Life. Launched in 2012, this $400 million program aims to empower over 200,000 farmers and more than one million people in six key cocoa growing origins by 2022. Through Cocoa Life, the company is focused on achieving scale and driving impact in Ghana, Cote d’Ivoire, Indonesia, India, Dominican Republic and Brazil.
Mondelez International, Inc. is a snack food and beverage company. The Company manufactures and markets snack food and beverage products for consumers in about 165 countries around the world. The Company offers its brands in five product categories: biscuits (counting cookies, crackers and salted snacks); chocolate; gum and candy; beverages (counting coffee and powdered beverages), and cheese and grocery.’
Finally, Goldcorp Inc. (USA) (NYSE:GG), ended its last trade with -3.04% loss, and closed at $12.14.
Goldcorp will release third quarter results before market open on Thursday, October 29, 2015 .
A conference call will be held Thursday, October 29, 2015 , at 10:00 a.m. (PDT) to discuss the results. Participants may join the call by dialing toll free 800-355-4959 or 416-340-2216 for calls outside Canada and the U.S. A recorded playback of the call will be available until November 29, 2015 by dialing 800-408-3053 or 905-694-9451 for calls outside Canada and the US. Conference ID#: 2588552.
Goldcorp Inc. (Goldcorp) is a gold producer engaged in the acquisition, exploration, development and operation of gold properties in Canada, the United States, Mexico and Central and South America.
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