On Wednesday, Denbury Resources Inc. (NYSE:DNR)’s shares surged 6.55% to $9.44, as both WTI and Brent crude trade in positive territory following an upbeat inventory report by the Energy Information Administration, Reuters reports.
EIA data showed that U.S. commercial crude oil inventories raised less than predictable. In the week ended April 10, stockpiles of U.S. crude rose by 1.29 million barrels to 483.69 million barrels, contrast to a forecast of a 4.1 million barrel rise from a Reuters survey of analysts.
Brent crude futures for May delivery was trading up 2.34% to $59.80 a barrel as of 12:53 p.m. ET recently, while WTI crude for May delivery was gaining 4.92% to $55.91 a barrel.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
MasTec, Inc. (NYSE:MTZ)’s shares gained 6.45% to $20.13, during the last trading session on Wednesday.
MasTec, stated it has successfully accomplished its formerly declared consent solicitation, seeking extension of reporting requirements under the indenture governing its $400 million Senior Notes due March 15, 2023. Having received the requisite consents from holders of the Notes, MasTec reached a supplemental indenture, providing for, among other things, extension of the dates for the filing and delivery to the indenture trustee of any applicable reports and other information required to be filed by MasTec under the Securities Exchange Act of 1934, as amended, in accordance with the formerly declared terms of the consent solicitation.
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for energy, utility, and communications infrastructure primarily in the United States. It operates in five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
At the end of Wednesday’s trade, Gogo Inc. (NASDAQ:GOGO)’s shares gained 6.35% to $21.09.
Gogo, declared that its partner, Gogo Business Aviation LLC, has been selected by NetJets, a Berkshire Hathaway company and the worldwide leader in private aviation, for a new program that will bring a minimum of 650 Gogo in-flight entertainment and connectivity (IFEC) systems to the NetJets fleet.
The program will provide NetJets customers with a full suite of IFEC capabilities counting voice and texting (via passengers’ own smartphones and mobile numbers), Internet, e-mail, on-demand movies, TV episodes, news, moving maps, flight progress information, destination weather and more.
The declaration marks a number of historic aviation milestones:
- Business aviation’s largest fleet selection of In-Flight Entertainment (IFE)
- Business aviation’s first fleet selection of Gogo Vision
- First deployment of automatic IFE content updates in fractional market
- First selection of Gogo Text & Talk in the fractional market
- Business aviation’s largest fleet selection of Gogo Text & Talk to date
- First selection of UCS 5000 smart router/media server in fractional market.
Gogo Inc., through its auxiliaries, provides aero communications services to the commercial and business aviation markets in the United States and internationally. The company operates three segments: Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation.
Finally, Ballard Power Systems Inc. (NASDAQ:BLDP), ended its Wednesday’s trading session with 6.19% gain, and closed at $2.40.
Ballard Power Systems, declared that it has received an order from a Chinese customer to supply its next-generation FCvelocityTM-HD7 power modules for 8 buses to be deployed in a number of Chinese cities. Ballard anticipates to ship all of the modules in 2015.
China’s rapid economic expansion over the recent past is resulting in public concern regarding deteriorating levels of air quality. As a result, the Government is investing heavily in the renewable energy industry and on actions designed to save energy and reduce emissions.
The size and rapid growth of China’s economy has resulted in considerably larger carbon dioxide emissions than other nations. In 2013, for example, China’s carbon dioxide emissions from fossil fuels accounted for 29% of the global total, contrast to 15% from the United States.
This growth has also spawned the largest commercial vehicle segment in the world, in terms of production and domestic sales, counting the manufacture of more than 70,000 city buses in 2011. In that same year automotive emissions contributed more than 33% of the air pollution in Beijing, Shanghai and the Pearl River Delta Region.
A new energy program, launched in 2011 and involving 48 Chinese cities, has an objective of expanding public transit while also reducing the number of vehicles in cities. One of the program’s specific aims is to deploy more than 1,000 clean energy buses in each of its participating cities, taking advantage of Government subsidies to facilitate this expansion. Fuel cell buses, together with electric buses, are eligible for a subsidy of about USD$150,000, through 2017. In addition, hydrogen fueling stations are eligible for a further subsidy of about USD$650,000.
Ballard Power Systems Inc. engages in the development and commercialization of proton exchange membrane fuel cells worldwide. The company is primarily involved in the design, development, manufacture, sale, and service of fuel cell stacks, modules, and systems for various applications.
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