On Monday, Canadian Natural Resource Ltd (USA) (NYSE:CNQ)’s shares inclined 1.14% to $28.45.
Canadian Natural Resource Ltd (USA) (CNQ) declares that on June 3, 2015 it priced C$500 million principal amount of notes through the reopening of its 2.89% medium-term notes, series 2, due August 14, 2020 sold at a price of C$101.932 per $100 principal amount to yield 2.49% to maturity, which have been sold to investors in Canada.
Net proceeds from the sale of the notes will be used for general corporate purposes regarding the Company’s core regions of operations. The Company may also use the net proceeds for repayment of indebtedness.
CIBC World Markets Inc. and RBC Dominion Securities Inc. acted as joint lead agents and joint bookrunners for the offering. BMO Nesbitt Burns Inc., Scotia Capital Inc., Altacorp Capital Inc., Desjardins Securities Inc., and Merrill Lynch Canada Inc. acted as co-agents.
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets comprise three crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
FirstEnergy Corp. (NYSE:FE)’s shares dropped -0.33% to $33.69.
FirstEnergy Corp. (FE) held a ribbon-cutting and open house for its new Central Machine Shop and Mobile Maintenance Headquarters in Canonsburg, Pa. The facility provides a central location to effectively and efficiently repair equipment used at the company’s electric generating plants in Pennsylvania, Ohio and West Virginia, supporting the safe and reliable operation of these facilities.
FirstEnergy invested about $1.3 million to upgrade a recently vacated 110,000-square-foot facility to comprise machine, repair and electric shops and related equipment, sandblasting and painting facilities, a tool room, fabrication area and office areas. A staff of 15 mechanics, electricians and other tradesmen comprise the Central Machine Shop, which will provide equipment refurbishment and repair services for FirstEnergy’s generating plants. An additional 30 employees will work out of the facility as part of the Mobile Maintenance Team, supporting maintenance outages and other work at the company’s plants.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates fossil, coal-fired, nuclear, oil and natural gas, wind and solar power, and hydroelectric generating facilities.
At the end of Mondays trade, Scorpio Bulkers Inc (NYSE:SALT)‘s shares dipped -3.45% to $1.68.
Scorpio Bulkers Inc (SALT) declared that its Board of Directors has unanimously adopted a stockholder rights plan (the “Rights Plan”) and declared a dividend distribution of one preferred share purchase right on each outstanding share of the Company’s common stock. The Rights Plan has a term of one year.
The Board of Directors adopted the Rights Plan in order to assist promote the fair and equal treatment of all stockholders and enable them to realize the long-term value of their investment in the Company. The Rights Plan is also designed to reduce the likelihood that any person or group would gain control of the Company through open market accumulation or other coercive tactics without paying an appropriate control premium. The Rights Plan is not intended to interfere with any transaction approved by the Board of Directors. The Board of Directors is committed to acting in the best interests of all of the Company’s stockholders.
Scorpio Bulkers Inc., together with its auxiliaries, engages in the marine transportation of dry bulk commodities. Its fleet transports a range of major and minor bulk commodities, counting ores, coal, grains, and fertilizers along worldwide shipping routes. As of April 02, 2015, the company owned eight vessels compriseing of one Capesize, three Kamsarmax, and four Ultramax vessels; had time charters-in 13 dry bulk vessels comprised of one Handymax, one Ultramax, three Supramax, two Panamax, three Kamsarmax, and three Post-Panamax vessels; and contracted for 63 dry bulk vessels, which comprised of 25 Ultramax, 20 Kamsarmax, and 18 Capesize vessels from shipyards in Japan, South Korea, China, and Romania. Scorpio Bulkers Inc. was founded in 2013 and is based in Monaco.
Red Hat Inc (NYSE:RHT), ended its Monday’s trading session with 0.21% gain, and closed at $79.47.
Red Hat, Inc. (RHT), the world’s leading provider of open source solutions, recently declared that Frank Calderoni will join the company as executive vice president, operations and chief financial officer, bringing more than 30 years of financial expertise, business thought leadership, and operational excellence, in publicly traded companies and technology industry leaders. Calderoni will be responsible for leading the company’s global finance organization and the leadership and administration of IT and operations teams, reporting to Red Hat president and chief executive officer, Jim Whitehurst.
Calderoni served as executive vice president and CFO at Cisco Systems for seven years and most recently served as an executive advisor. From 2004 through 2014, he managed the financial strategy and operations of a company with more than 72,000 employees and total revenue for fiscal year 2014 of $47 billion. During his tenure at Cisco, the company went from $22 billion in revenue to $47 billion, and grew annual profits from $0.62 per share to $1.49 per share. With more than 30 years of experience, he has led high-performing finance organizations at global software and technology companies counting Cisco, QLogic Corp., SanDisk Corp., and IBM.
Red Hat, Inc. provides open source software solutions to enterprise customers worldwide. It develops and offers operating system, virtualization, middleware, storage, and cloud technologies. The company’s products comprise Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in physical, virtual, container, and cloud environments; Red Hat Enterprise Virtualization, which comprises standalone virtualization functionality and administration tools for server and desktop deployments; and Red Hat JBoss Middleware that offers middleware for developing, deploying, and managing applications, in addition to integrating applications, data and devices, and automating business processes.
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