On Tuesday, Stone Energy Corporation (NYSE:SGY)’s shares declined -1.42% to $4.86.
Stone Energy Corporation (SGY) offered a production, operational and conference update.
On September 1, 2015, Stone shut-in its Mary field in Appalachia curtailing about 100-110 Mmcfe of production per day, leaving about 25 Mmcfe per day producing from the Heather and Buddy fields in Appalachia. Low commodity pricing, counting negative differentials in the region, combined with fees for transportation, processing and gathering, reduced the operating margins to an unacceptable level. As a result, despite being above production guidance for the first two months of the third quarter, production for the quarter is now predictable to be below the formerly stated guidance range of 39-41 Mboe per day, or 234-246 Mmcfe per day, and is being revised to 37.5-38.5 Mboe per day, or 225-231 Mmcfe per day. If the Mary field remains shut-in, the annual guidance of 42-44 Mboe per day, or 252-264 Mmcfe per day, will need to be adjusted to account for these curtailed volumes. Given the low margins in Appalachia, the cash flow impact from the curtailed volumes is not predictable to be material for the third quarter. Higher margin Gulf of Mexico volumes practiced minimal downtime in the third quarter.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. A
Fastenal Company (NASDAQ:FAST)’s shares gained 1.00% to $36.49.
Fastenal Company (FAST) declared the date and time for their conference call to review 2015 third quarter results, in addition to current operations. The conference call will be broadcast live over the Internet on Tuesday, October 13, 2015 at 9:00 a.m. Central Time.
Fastenal Company, together with its auxiliaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners, and other industrial and construction supplies primarily under the Fastenal name.
At the end of Tuesday’s trade, Cardinal Health Inc (NYSE:CAH)‘s shares dipped -0.02% to $76.72.
In preparation for the open enrollment period, which starts in mid-October and runs through Dec. 7, Cardinal Health is offering its retail pharmacy customers eHealth’s Medicare plan comparison tool, in addition to the iMedicare platform to assist their patients more easily compare Medicare Part D prescription drug plans.
The iMedicare platform integrates with every pharmacy system, so pharmacies can identify patients eligible to choose a Medicare plan and generate a customized report within seconds. iMedicare comprises medications a patient may fill at another pharmacy, too. The iMedicare platform is offered at a discounted price for Cardinal Health Pharmacy Services Administrative Organization (PSAO) members.
eHealth’s Medicare plan comparison tool is accessible at no cost and allows busy pharmacists to quickly and easily assist their patients find the lowest cost Medicare prescription drug coverage plan to meet their specific prescription drug needs. In a fraction of the time required by other methods, the tool creates a custom plan comparison report, specific to the data entered for each patient, which shows the user health plan options that will save the most money for the patient. The tool also notifies the user if generic medications are accessible to further reduce healthcare costs for the patient. The information is formatted to be easily printed and shared with the patient, so they can enroll themselves, online, or contact one of eHealth’s licensed agents and enroll in a new plan over the phone.
Cardinal Health, Inc. operates as a healthcare services and products company worldwide. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, over-the-counter healthcare, specialty pharmaceutical, and consumer products to retailers, counting chain and independent drug stores and pharmacy departments of supermarkets and mass merchandisers; hospitals; and other healthcare providers.
Gogo Inc (NASDAQ:GOGO), ended its Tuesday’s trading session with 5.29% gain, and closed at $14.74.
Gogo (GOGO), the global leader in providing broadband connectivity solutions and wireless entertainment to the aviation industry, declared that JTA is the latest airline to select 2Ku – Gogo’s next generation connectivity solution.
JTA, a member of the Japan Airlines group, has awarded its new 737-800 aircraft to Gogo for installation of Gogo’s 2Ku in-flight connectivity solution. In addition, passengers on these aircraft will receive Gogo’s wireless in-flight entertainment service – Gogo Vision.
Gogo is several weeks into flight testing of 2Ku and the tests accomplished to date have exceeded expectations. The flight tests have demonstrated that 2Ku can deliver more bandwidth at less cost than gimbaled satellite antennae used on aircraft recently.
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.
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