On Friday, Cenovus Energy Inc (USA) (NYSE:CVE)’s shares inclined 1.52% to $17.35.
Cenovus Energy Inc (USA) (CVE) is announcing that after extensive and successful careers at Cenovus and its predecessor companies, four Cenovus executives have made the decision to retire. Their transitions off the executive team will start at different times over the course of 2015. To minimize disruption to Cenovus’s business and ensure the transitions are orderly and managed, the retiring executives will continue in varying capacities until the end of the first quarter of 2016.
Retiring are:
- John Brannan, Executive Vice-President & Chief Operating Officer, who will transition from his role in September. Brannan has 14 years with Cenovus and its predecessor companies and has been responsible for all upstream projects and operations, centralized supply services and health and safety functions for the past five years.
- Kerry Dyte, Executive Vice-President, General Counsel & Corporate Secretary, who will transition from his role in December. Dyte is responsible for Cenovus’s legal, Board, partner, corporate governance, internal audit and Cenovus operations administration system assurance matters. He has 14 years with Cenovus and its predecessor companies.
- Harbir Chhina, Executive Vice-President Oil Sands, who will be taking on a new role as Executive Vice-President, Oil Sands Development. Chhina’s new role will be focused on unlocking and developing our growth potential.
Cenovus Energy Inc., an integrated oil company, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States.
HealthStream, Inc. (NASDAQ:HSTM)’s shares gained 1.39% to $27.72.
HealthStream, Inc. (HSTM) declared that it has priced its formerly declared underwritten public offering of 3,365,000 shares of common stock at a price to the public of $26.75 per share. The 3,365,000 share offering represents a 265,000 share upsize to the originally projected 3,100,000 share offering. The underwriters will have a 30-day option to purchase up to an additional 504,750 shares from HealthStream. The offering is predictable to close on May 28, 2015, subject to customary closing conditions.
HealthStream will receive net proceeds of about $85.0 million (or about $97.8 million if the underwriters exercise their over-allotment option in full) after deducting underwriting discounts and commissions and estimated offering expenses payable by HealthStream. HealthStream intends to use $28.0 million of the net proceeds from the offering to repay all of its outstanding revolving credit facility borrowings and the remaining net proceeds for general corporate purposes, counting working capital and the financing of potential acquisitions of, or investments in, planned businesses, products or technologies.
HealthStream, Inc. provides software-as-a-service (SaaS) based workforce development solutions and research/patient experience solutions in the United States. The companys HealthStream Workforce Development Solutions segment offers training, assessment, and talent development and administration solutions; and administrative and administration tools, in addition to training, implementation, and account administration services.
At the end of Friday’s trade, Integrated Device Technology Inc (NASDAQ:IDTI)‘s shares up 1.39% to $22.62.
Integrated Device Technology Inc (IDTI) declared that it has expanded its advanced RF silicon solutions with the addition of two new Glitch-FreeTM digital step attenuators (DSAs), in addition to its first product in a new family of voltage variable attenuators (VVAs). These next-generation attenuators feature wide bandwidths, low insertion loss, high linearity, pinpoint attenuation accuracy, and a wide temperature range. Pin compatible with competitor devices, these products are designed to meet the stringent demands of wireless infrastructure, point-to-point microwave, satellite communications systems and general purpose communication infrastructure applications.
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of mixed signal semiconductor solutions for the communications, computing, and consumer industries worldwide. It operates in two segments, Communications, and Computing and Consumer.
DryShips Inc. (NASDAQ:DRYS), ended its Friday’s trading session with 1.37% gain, and closed at $0.805.
DryShips Inc. (DRYS) declared that in connection with the formerly declared Omnibus Agreement with ENI Angola S.p.A (hereafter referred to as “ENI”), all closing conditions counting approvals by national authorities and signing of definitive documentation have been satisfied.
As a result Ocean Rig has extended the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of 2017 with total contract backlog now standing at about $367 million. In addition, Ocean Rig has reached a new contract for the drillship Ocean Rig Olympia to drill offshore Angola commencing in the third quarter of 2015 for a minimum of 8 months with a total contract backlog of about $91 million.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Drilling segment offers ultra deep water drilling 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.
