On Friday, Shares of Vantage Drilling Company (NYSEMKT:VTG), lost -17.90% to $0.24, hitting its lowest level, as oil prices fell Friday on the firming U.S. dollar as investors tracked the latest twists in the Greek debt negotiations and braced themselves for the looming deadline in the Iran nuclear talks.
Light, sweet crude for July delivery, the U.S. benchmark, lost 84 cents, or 1.4%, to $59.61 a barrel on the New York Mercantile Exchange. It finished the week down 35 cents, or 0.6%, according to WSJ.com.
The global Brent contract for August ended down $1.24, or 1.9%, at $63.02 a barrel on the ICE Futures Europe exchange. For the week, it lost $1.62, or 2.5%. WSJ Reports.
Vantage Drilling Company, through its auxiliaries, provides offshore contract drilling services in the United States and internationally. It offers drilling units, related equipment, and work crews under contract to drill oil and natural gas wells. The company also provides construction supervision and operations administration services for drilling units owned by others.
Shares of J. C. Penney Company, Inc. (NYSE:JCP), inclined 2.29% to $8.50, during its last trading session.
- C. Penney Company, declared that Marvin Ellison, President and CEO-Designee, will present at the Oppenheimer Consumer Conference in Boston, Mass. on June 23, 2015. The presentation, which will be accessible via webcast, is planned for about 30 minutes starting at 1:05 pm ET.
- C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
Finally, Williams Companies, Inc. (NYSE:WMB), ended its last trade with -1.29% loss, and closed at $48.34.
Williams Partners L.P. (WPZ) advised its unitholders to reference news issued recently by Williams (WMB), the owner of our general partner. Williams recently declared that its Board of Directors has authorized a process to explore a range of planned alternatives following receipt of an unsolicited proposal to acquire Williams in an all-equity transaction at a stated per share price of $64.00. The unsolicited proposal was contingent on the termination of Williams’ pending acquisition of Williams Partners.
With the assistance of its outside financial and legal advisors, the Williams Board carefully considered the unsolicited proposal and determined that it significantly undervalues Williams and would not deliver value commensurate with what Williams anticipates to achieve on a standalone basis and through other growth initiatives, counting the pending acquisition of Williams Partners.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services. It owns and operates natural gas pipeline system extending from Texas, Louisiana, Mississippi, and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, and New Jersey to the New York City metropolitan area.
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