On Tuesday, Shares of The Coca-Cola Co (NYSE:KO), lost -0.09% to $40.97.
The Coca-Cola Company, took another noteworthy step toward building a stronger, more streamlined production system in its flagship market by announcing the formation of a new National Product Supply System (“NPSS”) in the United States. The mission of the NPSS will be to facilitate optimal operation of the U.S. product supply system for Coca-Cola bottlers in order to:
- Achieve the lowest optimal manufactured and delivered cost for all bottlers in the Coca-Cola system
- Enable system investment to build sustainable capability and competitive advantage
- Prioritize quality, service and innovation in order to successfully meet and exceed customer and consumer requirements
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a range of still beverages, such as waters, improved waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
Shares of Bonanza Creek Energy Inc (NYSE:BCEI), inclined 12.88% to $7.01, during its last trading session, as oil prices jump on forecasts for a decline in supplies.
The Energy Information Administration said that production of U.S. crude reduced by 120,000 barrels per day in September from August, with the U.S. producing 9 million barrels per day last month, the lowest level in a year, the Wall Street Journal reports.
On a broader scale, OPEC’s Secretary-General Abdalla Salem el-Badri said at a conference recently that global oil investments will be slashed by $130 billion this year, thereby cutting supply and boosting prices, according to the Journal.
Bonanza Creek Energy, Inc. is an energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States. Its oil and liquids-weighted assets are concentrated primarily in the Wattenberg Field in Colorado, which the Company has designated the Rocky Mountain region and the Dorcheat Macedonia Field in Southern Arkansas, which it has designated the Mid-Continent region.
Shares of Unit Corporation (NYSE:UNT), inclined 31.30% to $18.29, during its last trading session.
Unit Corporation, declared that it is increasing its 2015 year over year production growth guidance for its oil and natural gas segment to 6-8% from its previous guidance of 2-4%. Unit’s 2015 capital expenditures are predictable to be about $30 million less than originally budgeted with the reduction primarily attributable to its oil and natural gas segment.
In its second quarter 2015 earnings release, Unit stated that it had been notified of a customer’s intent to early terminate two of its BOSS drilling rig contracts. Unit is in negotiations with the customer and it appears likely that they will keep one of the BOSS drilling rigs through its remaining term. Unit has recently contracted the other BOSS drilling rig to a third party operator.
Unit’s lenders accomplished their regularly planned semi-annual borrowing base redetermination under its credit agreement. Unit’s borrowing base was determined to be $550 million, which remains above its elected commitment level of $500 million. No other terms under the credit agreement changed as a result of the redetermination and the company is fully in compliance with the financial covenants in the credit agreement. Unit has elected to maintain its elected commitment amount at $500 million, which it believes meets the company’s financing needs during this current commodity cycle. At September 30, 2015, Unit had $261.7 million outstanding under its credit agreement, which is a reduction of $18.8 million from the amount outstanding at June 30, 2015. Unit anticipates its 2016 capital expenditure budget to be within anticipated cash flow.
Unit Corporation (Unit) is an oil and natural gas contract drilling company. In addition to its drilling operations, the Company has operations in the exploration and production and mid-stream areas. The Company operates through three segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream.
Finally, Energen Corporation (NYSE:EGN), ended its last trade with 1.46% gain, and closed at $56.22.
Energen Corporation, has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 1.87 by 15 Wall Street Analysts. 7 analysts have added the shares in their list of strong buys. 3 stock experts have also rated a buy. 5 broker firms have advised hold.
Energen Corporation (Energen) is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. The Company has 1.1 billion barrels of oil-equivalent proved, probable, and possible reserves and another 2.2 billion barrels of oil-equivalent contingent resources. These all-domestic reserves and resources are located primarily in the Permian Basin in west Texas.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
