On Thursday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: Chicago Bridge & Iron Company N.V. (NYSE:CBI), Atwood Oceanics, Inc. (NYSE:ATW), SandRidge Energy, Inc. (NYSE:SD), Cliffs Natural Resources Inc. (NYSE:CLF)
Chicago Bridge & Iron Company N.V. (NYSE:CBI), with shares declined -4.29%, closed at $44.43.
Atwood Oceanics, Inc. (NYSE:ATW), with shares dropped -6.15%, settled at $27.60.
SandRidge Energy, Inc. (NYSE:SD), with shares dipped -5.99%, and closed at $1.57
Cliffs Natural Resources Inc. (NYSE:CLF), plummeted -5.90%, and closed at $4.31.
Latest NEWS regarding these Stocks are depicted underneath:
Chicago Bridge & Iron Company N.V. (NYSE:CBI)
In the start of this week, Chicago Bridge & Iron Company N.V. (CBI), declared it has been awarded contracts by Naftna Industrija Srbije for the technology license and front end engineering design of a delayed coker unit in Pancevo, Serbia.
The project scope comprises an extensive process planning study for the refinery, which will evaluate how to best integrate the delayed coker with the refinery’s existing CB&I fluid catalytic cracking unit and Chevron Lummus Global hydrocracker. Chevron Lummus Global is a joint venture between CB&I and Chevron.
“By leveraging CB&I’s technologies and front end engineering design capabilities, this award demonstrates our ability to provide integrated services and products,” said Daniel McCarthy, President of CB&I’s Technology operating group. “It also builds on our proven expertise and comprehensive experience in delivering solutions to our customers in the refining industry.”
Chicago Bridge & Iron Corporation N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program administration, and environmental services worldwide.
Atwood Oceanics, Inc. (NYSE:ATW)
Formerly on March 16, Atwood Oceanics, Inc. (ATW), declared that its semisubmersible drilling unit, the Atwood Osprey, parted several mooring lines and drifted about three nautical miles from its original position during Cyclone Olwyn, which influenced the northwest coast of Australia on March 12th. The rig is presently stable with a support vessel in position, and preliminary results indicate minimal damage with an estimated maximum of 30 days out of service time for repairs. No rig personnel were injured in the event.
The Atwood Osprey is contracted to Chevron Australia Pty. Ltd. and was on location at the Iago 1B well. The well had been shut down and secured in accordance with Chevron`s cyclone demobilization procedures and the rig had ballasted down and evacuated all its rig personnel in advance of the cyclone. Atwood Oceanics is coordinating its efforts with Chevron, the Australian offshore regulator (NOPSEMA) and other affected parties.
Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells worldwide. As of November 10, 2014, it owned a fleet of 13 mobile offshore drilling units, in addition to 3 ultra-deepwater drill ships under construction. The corporation was founded in 1968 and is headquartered in Houston, Texas.
SandRidge Energy, Inc. (NYSE:SD)
Formerly on February 26, SandRidge Energy, Inc. (SD), posted financial and operational results for the period ended December 31, 2014. The corporation’s adjusted EBITDA, pro forma for divestitures and net of non-controlling interest, was $224 million in the fourth quarter of 2014 contrast to $190 million in the fourth quarter of 2013, 18% year-over-year growth. Adjusted operating cash flow of $203 million for fourth quarter 2014 contrast to $243 million in fourth quarter 2013. Adjusted net revenue of $44.1 million, or $0.08 per diluted share, for fourth quarter 2014 contrast to $39.2 million, or $0.07 per diluted share, in fourth quarter 2013.
The company is predictable to report next quarter earnings on May 06. The corporation’s earnings per share consensus Street estimate stands at $-0.05.
SandRidge Energy, Inc., an oil and natural gas corporation, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States.
Cliffs Natural Resources Inc. (NYSE:CLF)
Cliffs Natural Resources Inc. (CLF), declared recently that it intends to offer to sell, subject to market and other conditions, $500 million aggregate principal amount of Senior Secured Notes due 2020 in an offering that is exempt from the registration requirements of the Securities Act of 1933. The New First Lien Notes will be jointly and severally and fully and unconditionally guaranteed on a senior secured basis by substantially all of Cliffs’ material domestic auxiliaries and will be secured (subject in each case to certain exceptions and permitted liens) by (i) a first-priority lien on substantially all of Cliffs’ assets and the assets of the guarantors (other than accounts receivable and other rights to payment, inventory, as-extracted collateral, investment property, certain general intangibles and commercial tort claims, certain mobile equipment, commodities accounts, deposit accounts, securities accounts and other related assets and proceeds and products of each of the foregoing (collectively, the “ABL Collateral”)), and (ii) a second-priority lien (junior to the ABL Facility on the ABL Collateral. Cliffs’ assets and the assets of the guarantors that secure the New First Lien Notes on a first-priority basis, together with the ABL Collateral, will comprise substantially all of the assets of Cliffs and the guarantors, subject to certain customary exceptions.
The Corporation intends to use the net proceeds from the offering of the New First Lien Notes to repay all amounts outstanding under its existing revolving credit facility and for general corporate purposes. The projected New First Lien Notes offering is conditioned on the replacement of the Corporation’s existing revolving credit facility with a new senior secured asset-based credit facility (the “ABL Facility”).
Cliffs Natural Resources Inc. is a leading mining and natural resources corporation in the United States. The Corporation is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore mining complex in Western Australia.
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