Shares of Teck Resources Ltd (USA) (NYSE:TCK), surged 14.12% to $6.79, during its last trading session. The share price of this stock traded recently in a range of $6.53 to $7.27. The company now has a market value of $3.45 billion.
For this company, beta value at 2.15 represents it is more volatile to the shift in the market. If we take a look on its volatility, 10.73% was seen in a week and for the month it was 7.26%.
Shares of Teck Resources gained after the mining company declared a long-term silver steaming agreement with a partner of Franco-Nevada (FNV), connected to production at the Antamina mine in Peru.
Franco-Nevada will make an upfront payment of $610 million to Teck and will pay 5% of the spot price at the time of delivery of each ounce of silver delivered from the mine under the agreement.
Teck said it will deliver silver to Franco-Nevada equivalent to 22.5% of payable silver sold by Compañía Minera Antamina, which owns and operates the Antamina mine, using a silver payability factor of 90%. Teck owns a 22.5% stake in Compañía Minera Antamina.
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
Penn West Petroleum Ltd (USA) (NYSE:PWE), ended its last trade with 5.92% loss, and closed at $1.02.
The stock closed at a distance of 85.42% from 20-day simple moving average. In the last trading session, the stock’s price moved -35.97% below its 200 day moving average, changing hands as low as $0.98 per share. The stock is presently trading 32.19% above its SMA 50.
PENN WEST PETROLEUM LTD. is happy to declare that it has reached a definitive agreement for the sale of its non-operated 9.5% working interest in the Weyburn Unit in Southeast Saskatchewan for cash consideration of $205 million , subject to closing adjustments customary in transactions of this nature. We intend to use the proceeds from this disposition to reduce our senior debt. Upon the completion of the sale of our Weyburn Unit working interest, we will have raised about $810 million in total proceeds this year through our non-core asset disposition program.
As a result of the divestiture of both our Weyburn Unit working interest and our Mitsue properties, formerly declared on September 15 , we have updated our annual production guidance range to 84,000 – 88,000 boe/d from 86,000 – 90,000 boe/d. Our capital budget for the year remains unchanged at $500 million . We continue to expect our operating costs for the year to be between $19.25 /boe and $19.75 /boe with our G&A for the year to be between $2.80 /boe and $3.05 /boe.
Penn West Petroleum Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. The company’s properties are located in Alberta, British Columbia, Saskatchewan, Manitoba, and the Northwest Territories, Canada; and Wyoming, the United States.
Shares of CBS Corporation (NYSE:CBS), inclined 2.59% to $42.41, during its last trading session. In the last trading session, the stock moved on high volume, trading at a volume of 8.41 M as compared to its average daily volume of 6.39 million shares.
The stock, as of recent close, has shown weekly upbeat performance of 9.97% which was maintained at 8.77% in 1-month period.
(AMZN) - Building on the success of Amazon’s exclusive in-season licensing agreement for Under the Dome and Extant, Amazon and CBS Corporation (NYSE: CBS.A and CBS) recently declared a new multi-year, multi-series agreement to make Prime Video the exclusive subscription streaming home for three new CBS summer series through 2018. The first new CBS series comprised in this deal will be next summer’s highly anticipated comic-thriller BrainDead, which Prime members in the U.S. will be able to stream just four days after broadcast at no additional charge to their membership.
BrainDead is a comic thriller from Robert and Michelle King, acclaimed producers of The Good Wife. Set in the world of D.C. politics, the series follows a young fresh-faced Hill staffer (Mary Elizabeth Winstead) getting her first job in Washington, D.C. and discovering two things: the government has stopped working, and alien spawn have come to Earth and eaten the brains of a growing number of congressmen and Hill staffers.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting.
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