On Monday, Cheniere Energy, Inc. (NYSEMKT:LNG))’s shares inclined 3.27% to $70.69.
Cheniere Energy, Inc. (LNG) through its partner, Cheniere Marketing International LLP has reached a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Central El Campesino, under which Central El Campesino would purchase about 0.6 million tonnes per annum (“mtpa”) of LNG delivered ex-ship for 20 years startning in 2019 from the Corpus Christi Liquefaction Project presently under construction near Corpus Christi, Texas.
Central El Campesino is developing a 640 MW gas-fired combined-cycle power plant in Chile which is predictable to provide power into Chile’s Central Interconnected System (SIC). In the December 2014 power auction, Central El Campesino won a bid to sell about 480 MW to local distribution companies (LDC’s), which would underpin the construction of the power plant. The LNG would be delivered, stored and regasified at the projected floating storage regasification unit (FSRU), Penco Lirquén LNG Terminal.
Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. The company owns and operates Sabine Pass LNG terminal in western Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas.
International Business Machines Corp. (NYSE:IBM)’s shares gained 1.07% to $156.78.
Markor International Home Furnishings Co., Ltd. declared it selected an IBM (NYSE: IBM) MobileFirst for iOS app to improve its customers’ shopping experience — empowering sales associates with iPhones or iPads to place orders, demo products and show 3D images of custom furniture. Analytics will give sales associates the ability to make personalized recommendations such as complementary pieces or fabric patterns personalized to a customer’s unique taste and preferences.
As the leading high-end furniture and home brand in China, Markor Furnishings has been at the forefront of digital transformation in the home furnishing industry. With the new IBM MobileFirst for iOS app, Markor sales associates can assist customers browse home furnishings, offering to record their preferences and capture purchase details on their iPhone or iPad and feeding that data into Markor’s back-end systems. That data can, in turn, be analyzed to classify customers’ historical buying behaviors — improving product recommendations — in addition to to guide Markor on the design of new products and pricing.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and smarter analytics; and application administration, maintenance, and support services.
At the end of Monday’s trade, Lumber Liquidators Holdings Inc (NYSE:LL)‘s shares surged 6.47% to $12.84.
Lumber Liquidators (LL), the largest specialty retailer of hardwood flooring in North America, declared financial results for the second quarter and six months ended June 30, 2015.
Second Quarter Results
Net sales in the second quarter of 2015 were $247.9 million, a decrease of 5.8% from the second quarter of 2014, counting a comparable store net sales decline of 10.0% due to a 7.6% decrease in the number of customers invoiced and a 2.4% decrease in the average sale. The Company believes net sales were negatively influenced by unfavorable allegations surrounding the product quality of its laminates sourced from China in addition to its decision to suspend sales of such products, although a specific quantification of the impact was impracticable. The Company implemented aggressive promotional pricing during the quarter, which it believes partially offset the decrease in the number of customers invoiced. Non-comparable store net sales raised $11.1 million over the preceding year. The Company opened seven new stores during the second quarter of 2015.
Lumber Liquidators Holdings, Inc., together with its auxiliaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. It primarily offers solid and engineered hardwood products; laminate floorings; bamboo floor products, cork floorings, and vinyl plank flooring; wood flooring moldings; butcher block kitchen countertops, and staircase treads and risers; and accessories, such as sealers, adhesives, and underlayments, in addition to flooring tools and floor cleaning supplies. T
Bonanza Creek Energy Inc (NYSE:BCEI), ended its Monday’s trading session with 20.12% gain, and closed at $8.12.
Bonanza Creek Energy, Inc. (BCEI) stated its second quarter 2015 financial and operating results. The Company formerly declared revisions to its agreements with its gas processing providers in the Rocky Mountain region allowing it to report operated sales volumes in three streams (oil, NGLs and natural gas) effective January 1, 2015. Unless noted, all references to barrel of oil equivalent (boe) volumes related to activities accomplished in the Rocky Mountain region during 2014 have incorporated 6:1 gas to liquids conversion of two-stream (oil and wet gas) volumes.
Highlights from second quarter 2015 and current operations comprise:
- Sales volumes grew to 28.0 Mboe/d representing a 14% enhance contrast to estimated 3-stream sales volumes in the second quarter of 2014(1) and 2% contrast to first quarter 2015
- Raised Rocky Mountain region sales volumes by 21% contrast to second quarter 2014(1), to 22.7 Mboe/d and 4% contrast to first quarter 2015
- Estimated sales volumes(2) for the first 20 days in July were 29.4 Mboe/d, an all-time record for the Company
- Current Wattenberg Field standard 4,000 foot lateral (“SRL”) well costs are $3.4-3.5 million vs. $3.6 million during the second quarter
- First BCEI operated long reach lateral on northern acreage in the Wattenberg Field tracking to a 9,000 foot lateral (“XRL”) equivalent EUR of 680 Mboe
Bonanza Creek Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of onshore oil and associated liquids natural gas in the United States. The company’s oil and liquids weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas. It also owns and operates oil-producing assets in the North Park Basin in Colorado; and the McKamie Patton Field in Southern Arkansas.
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