On Monday, Sientra Inc (NASDAQ:SIEN)’s shares declined -21.12% to $8.18.
Sientra, Inc. (SIEN), a medical aesthetics company, recently issued the following statement regarding a recent declaration by the Brazilian regulatory agency ANVISA and the Department of the Secretary of State of the State of Rio de Janeiro (SES-RJ) related to products made by Silimed, one of Sientra’s contract manufacturers:
On October 2nd, Sientra learned that Brazilian regulatory agencies declared that, as they continue to review the technical compliance related to Good Manufacturing Practices (GMP) of Silimed’s manufacturing facility, they have temporarily suspended the manufacturing of all medical devices made by Silimed, counting products manufactured for Sientra. ANVISA has also suspended, as a precautionary measure, the use in Brazil of all implantable products manufactured by Silimed.
Sientra continues to be in active talk about with the United States Food and Drug Administration (FDA) regarding this matter. Importantly, as these talk about continue, the Company continues to offer and make accessible its products to surgeons and patients in the United States. Sientra believes it presently has ample inventory to address current and near-term future demand.
Sientra, Inc., a medical aesthetics company, develops and sells medical aesthetics products to plastic surgeons in the United States. The company offers silicone gel breast implants for use in breast augmentation and breast reconstruction procedures; and breast tissue expanders.
Golar LNG Limited (USA) (NASDAQ:GLNG)’s shares gained 6.66% to $31.70.
Golar LNG Limited declares that its Cameroon floating liquefied natural gas project has reached a major milestone with the final approval by all parties of the Gas Convention for the project. This final investment decision commits the project to a targeted start date for commissioning of second quarter, 2017.
At a signing ceremony in Yaounde, Cameroon on Wednesday, September 30, Cameroon’s state owned oil and gas company Societe Nationale des Hydrocarbures (“SNH”), Perenco Cameroon, Golar Hilli Corporation and Golar Cameroon (together “Golar”) executed a fully effective and binding Gas Convention with the Republic of Cameroon which endorses and governs the installation and operation of the GoFLNG vessel in Cameroon waters offshore of Kribi.
The binding Tolling Agreement having already been agreed between Golar and Perenco, is predictable to be formally approved by the 25% upstream partner SNH imminently. This agreement establishes the terms under which Golar shall provide liquefaction, storage, and off-loading services to SNH and Perenco as upstream joint venture partners.
Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG.
At the end of Monday’s trade, NextEra Energy Inc (NYSE:NEE)‘s shares surged 2.21% to $100.72.
NextEra Energy Partners, LP declared that it has accomplished the formerly declared acquisition of NET Midstream, a privately held developer, owner and operator of a portfolio of seven long-term contracted natural gas pipeline assets located in Texas. NextEra Energy Partners also declared the completion of the acquisition of the 149-megawatt (MW) Jericho Wind Energy Center in Ontario, Canada, from a partner of its sponsor, NextEra Energy Resources, LLC. In addition, the partnership has closed $600 million of term loans, which completes its financing for the NET Midstream and Jericho acquisitions.
The seven natural gas pipelines in the portfolio are all plannedally located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and residential, commercial and industrial customers in the Houston area. The NET Mexico Pipeline, the largest pipeline in the portfolio, provides a critical source of natural gas transportation for low-cost, U.S.-sourced shale gas to Mexico under a 20-year ship-or-pay contract with a BBB+-rated, wholly owned partner of Pemex Gas y Petroquimica Basica, a division of PEMEX, the Mexican state-owned oil and gas company. The NET Mexico Pipeline is 10 percent owned by a PEMEX partner. The combined acquisition portfolio comprises 3.0 billion cubic feet (Bcf) per day of ship-or-pay contracts, with on average investment-grade counterparty credit and long-term contracted assets with a 16-year average contract life. The three largest pipelines in the portfolio have planned growth and expansion projects that, if accomplished, are predictable to provide about 1.0 Bcf per day of additional contracted volumes.
NextEra Energy Partners attained NET Midstream for a total transaction value of about $2.1 billion, counting $934 million in cash consideration and the assumption of about $654 million in existing debt, and not taking into account post-closing working capital and other adjustments. Of the $2.1 billion, roughly $500 million will be deferred, with $200 million payable 18 months after closing contingent upon no breach of representations and warranties by the seller, up to $200 million payable for certain expansion projects contingent upon satisfaction of certain financial performance and capital expenditure thresholds, and, if successful, up to about $100 million of capital expenditures for the expansion projects. The $300 million for the expansion projects is predictable to be financed almost entirely with incremental future debt.
NextEra Energy, Inc., through its auxiliaries, generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources.
Scorpio Bulkers Inc (NYSE:SALT), ended its Monday’s trading session with 7.24% gain, and closed at $1.63.
Scorpio Bulkers Inc. ( SALT) declared that Scorpio Services Holding Limited has purchased an aggregate of 700,000 common shares of the Company at an average price of $1.48 per share in the open market since the Company’s previous declaration on September 28, 2015. The Company presently has 343,962,937 common shares outstanding, of which SSH owns 22,391,690, or 6.5%.
Additionally, Michael Steimler, an Independent Director of the Company, purchased 100,000 common shares of the Company at $1.50 per share in the open market on September 29, 2015.
Scorpio Bulkers Inc., together with its auxiliaries, engages in the marine transportation of dry bulk commodities. Its fleet transports a range of major and minor bulk commodities, counting ores, coal, grains, and fertilizers along worldwide shipping routes.
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