On Thursday, Consolidated Edison, Inc. (NYSE:ED)’s shares declined -1.69% to $61.15.
Merged Edison, Inc. (ED) declared a quarterly dividend of 65 cents a share on its common stock, payable September 15, 2015, to stockholders of record as of August 19, 2015.
Merged Edison, Inc. is one of the nation’s largest investor-owned energy companies, with about $13 billion in annual revenues and $44 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following auxiliaries: Merged Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,350 square mile area in southeastern New York state and adjacent section of northern New Jersey and northeastern Pennsylvania; Merged Edison Solutions, Inc., a retail energy supply and services company; Merged Edison Energy, Inc., a wholesale energy services company; and Merged Edison Development, Inc., a company that develops, owns and operates renewable and energy infrastructure projects.
Merged Edison, Inc., through its auxiliaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to about 3.4 million customers in New York City and Westchester County; gas to about 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to about 1,700 customers in parts of Manhattan.
Cenovus Energy Inc (USA) (NYSE:CVE)’s shares gained 0.59% to $13.53.
Cenovus Energy Inc. (CVE) (CVE) has reached an agreement to sell Heritage Royalty Limited Partnership (HRP), a wholly-owned subsidiary, to Ontario Teachers’ Pension Plan (Teachers’) for gross cash proceeds of approximately $3.3 billion. HRP holds approximately 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan and Manitoba. In the first quarter of 2015, HRP had associated third-party royalty interest volumes of approximately 7,800 barrels of oil equivalent per day (BOE/d). Additional royalties have also been added to HRP – a royalty on Cenovus’s working interest production with implied first quarter volumes of approximately 5,400 BOE/d (pro forma), as well as a Gross Overriding Royalty (GORR) on Cenovus’s Pelican Lake heavy oil property in northern Alberta and its enhanced oil recovery project in Weyburn, Saskatchewan, with implied first quarter volumes of 1,600 BOE/d (pro forma). The GORR represents less than 15% of HRP’s cash flow.
Cenovus’s decision to sell HRP to Teachers’ is the outcome of a rigorous marketing process that attracted significant interest. Over the past several months, the company considered several alternatives to generate value from the business, including a potential initial public offering. After a thorough review, the transaction with Teachers’ was determined to be the best alternative to maximize value for Cenovus shareholders.
Cenovus Energy Inc., an integrated oil company, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States. The company’s Oil Sands segment engages in the development and production of bitumen assets at Foster Creek, Christina Lake, Narrows Lake, and the Athabasca natural gas assets, in addition to projects in the early stages of development, such as Grand Rapids and Telephone Lake. Its Conventional segment develops and produces conventional crude oil, NGLs, and natural gas in Alberta and Saskatchewan, counting the heavy oil assets at Pelican Lake.
At the end of Thursday’s trade, Gran Tierra Energy Inc. (NYSEMKT:GTE)‘s shares dipped -5.43% to $2.17.
Gran Tierra Energy Inc. (GTE) declares that it intends to implement a normal course issuer bid (the “Bid”) through the facilities of the Toronto Stock Exchange (“TSX”) and the NYSE MKT. Following the Bid and subject to regulatory approval, Gran Tierra would be able to purchase for cancellation up to about 5% of its issued and outstanding shares of common stock (the “Shares”) for a one year period at prevailing market prices.
Administration of Gran Tierra believes that the Shares, at times, have been trading in a price range which does not adequately reflect their value in relation to Gran Tierra’s current operations, growth prospects and financial position. At such times, the purchase of Shares for cancellation may be advantageous to stockholders by increasing the value of the remaining Shares.
Gran Tierra Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2014, the company’s acreage comprised 3.4 million gross acres covering 16 exploration and production contracts in Colombia; 47,734 gross acres covering 7 exploration blocks in Brazil; and 5.7 million gross acres covering 5 exploration licenses in Peru.
Allscripts Healthcare Solutions Inc (NASDAQ:MDRX), ended its Thursday’s trading session with -2.51% loss, and closed at $14.78.
Allscripts (MDRX) client Atlantic General Hospital, located in Berlin, Maryland, U.S.A., achieved Stage 6 on the HIMSS Analytics EMR Adoption ModelSM (EMRAM) using the Allscripts Sunrise acute electronic health record (EHR).
The HIMSS Analytics EMR Adoption Model measures progress and the cumulative capabilities of EMR systems within hospitals. There are eight stages (0-7) in the HIMSS Analytics EMR Adoption Model, and 17.9% of hospitals in the HIMSS Analytics(R) Database have currently reached Stage 6. Hospitals that reach Stage 6 have established clear goals for improving safety, minimizing errors, and prioritizing IT implementations.
Allscripts Healthcare Solutions, Inc. provides clinical, financial, electronic health records (EHR), connectivity, hosting, outsourcing, analytics, patient engagement, and population health products and services in the United States and Canada. It operates in three segments: Clinical and Financial Solutions, Population Health, and Managed Services. The Clinical and Financial Solutions segment provides integrated clinical software applications, financial and information solutions, and related installation and maintenance services, counting EHR related software, financial and practice administration software, related installation and training services, and electronic claims administration services.
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