On Monday, Sanchez Energy Corp (NYSE:SN)’s shares inclined 4.50% to $5.57.
Sanchez Energy Corporation (SN) declared that it has executed a contract with Sanchez Production Partners LP (“SPP”) following which the Company will divest, and SPP will acquire and operate, certain pipeline, gathering and compression assets located on the Western part of its Catarina asset in the Eagle Ford Shale in South Texas, for cash consideration of about $345 million, subject to normal and customary closing and post-closing adjustments (the “Western Catarina Midstream Divestiture”). The transaction is predictable to close in October 2015.
Proceeds from the Western Catarina Midstream Divestiture further enhance Sanchez Energy’s strong liquidity position, which is predictable to enable the Company to pursue growth opportunities through opportunistic asset acquisitions, the acceleration of cost-efficient drilling and completion activities, and the planned leasing of additional acreage in its core areas of operations. Sanchez Energy formerly stated that it maintained liquidity of $572 million as of June 30, 2015, which comprised of $300 million in accessible capacity on the Company’s undrawn bank credit facility. As a result of the sale of midstream assets, pro forma liquidity will enhance to about $918 million, inclusive of cash on hand and the $300 million elected commitment under its undrawn revolving credit facility.
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast.
T. Rowe Price Group Inc (NASDAQ:TROW)’s shares dropped -0.03% to $69.10.
T. Rowe Price (NASDAQ-GS: TROW) has launched the Emerging Markets Value Stock Fund. In seeking long-term growth of capital, the fund invests in emerging markets companies that are out of favor and undervalued but possess identified catalysts that could drive their stock prices higher.
FUND DETAILS
- The fund is managed by Ernest Yeung, a portfolio manager for T. Rowe Price’s International Small-Cap Equity Strategy. Mr. Yeung has 14 years of investment experience, 12 of which have been with T. Rowe Price. He holds the Chartered Financial Analyst (CFA) professional designation.
- Yeung anticipates the Emerging Markets Value Fund to hold a relatively concentrated portfolio of 50-80 stocks. Using T. Rowe Price’s global research platform, Mr. Yeung starts with a broad universe of emerging- and frontier-markets stocks. From there, he screens for undervalued and forgotten stocks that have an attractive margin of safety before conducting detailed fundamental analysis that aims to identify the catalysts that will drive re-rating of the stocks.
T .Rowe Price Group, Inc. is a publicly owned asset administration holding company. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. Through its auxiliaries, it launches and manages equity and fixed income mutual funds.
At the end of Monday’s trade, Chimera Investment Corporation (NYSE:CIM)‘s shares dipped -6.73% to $13.45.
Chimera Investment Corporation (CIM) declared that its Board of Directors has set the date for the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) in addition to the record date for stockholders eligible to vote at the meeting.
The Annual Meeting will be held on Thursday, December 10, 2015. Stockholders of record as of the close of business on October 21, 2015 will be eligible to vote at the meeting.
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its auxiliaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes.
Oil States International, Inc. (NYSE:OIS), ended its Monday’s trading session with -3.54% loss, and closed at $26.72.
Oil States International, Inc. (OIS) declared that Lloyd A. Hajdik, Oil States` Senior Vice President, Chief Financial Officer and Treasurer, will present at the Johnson Rice Energy Conference on Tuesday, September 29, 2015 at 1:05 p.m. Central Time. Oil States` presentation can be heard via a live webcast. A copy of the slides from Oil States` presentation will be posted to Oil States` website proceeding to the webcast.
Oil States International, Inc., through its auxiliaries, provides specialty products and services to oil and natural gas companies worldwide. It operates through two segments, Offshore Products and Well Site Services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
