On Tuesday, Shares of ONEOK, Inc. (NYSE:OKE), lost -6.48% to $30.86.
ONE Gas, presented at the Bank of America Merrill Lynch Power & Gas Leaders Conference on Thurs., Sept. 17, 2015, in Boston, Mass.
Pierce Norton, president and chief executive officer of ONE Gas, presented at the conference at 9:30 a.m. Eastern Daylight Time (8:30 a.m. Central Daylight Time).
The materials utilized at the conference also accessible on the website on Wed., Sept. 16, 2015, starting at 8 a.m. Eastern Daylight Time (7 a.m. Central Daylight Time).
ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company gathers, treats, fractionates, stores, and transports natural gas liquids (NGL), in addition to owns natural gas liquids gathering and distribution pipelines, natural gas liquids distribution and refined petroleum products pipelines, and terminal and storage facilities; and owns and operates interstate and intrastate regulated natural gas transmission pipelines and natural gas storage facilities, in addition to stores and distributes NGL products to petrochemical manufacturers, heating fuel users, ethanol producers, refineries, and propane distributors.
Shares of BorgWarner Inc. (NYSE:BWA), inclined 1.51% to $40.42, during its last trading session.
BorgWarner has expanded its line of AirWerks series turbochargers with eight improved models, designated by the “-E” in the model name. Two new S200SX-E and six new S300SX-E super core configurations (turbochargers without turbine housings) are now available to the aftermarket through authorized performance turbocharger distributors. Engineered for car and truck enthusiasts, these high-performance units feature forged milled compressor wheels, and pre-machined speed sensor and boost ports. Additionally, the S300SX-E sports a 360-degree thrust bearing for improved thrust capability and reliability. Delivering up to a 3 percent improvement in compressor efficiency and up to 25 percent more flow within the same frame size, these new AirWerks super cores offer a noteworthyimprovement in performance and resulting power. The SX-E units are sold in a super core configuration, giving the performance distributor optimum inventory flexibility and assembly options. Companion SX series turbine housings are sold separately.
“BorgWarner is expanding our successful AirWerks series to add more performance options for car and truck enthusiasts,” said Frederic Lissalde, President and General Manager, BorgWarner Turbo Systems. “Many of the new features have been proven on our premium EFR™ (Engineered For Racing) turbochargers, the official turbocharger of the INDYCAR Series for several years. Customers will appreciate the powerful boost and reliability in addition to more opportunities for convenient customization.”
BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company’s Engine segment offers turbochargers, timing devices and chain products, emissions systems, thermal systems, and diesel coldstart and gasoline ignition technology.
At the end of Tuesday’s trade, Shares of Silver Wheaton Corp. (USA) (NYSE:SLW), gained 0.42% to $11.82.
Silver Wheaton Corp., declared that it has received notices of reassessment from the Canada Revenue Agency (the “CRA”) regardingthe Company’s 2005 to 2010 taxation years (the “Relevant Taxation Years”).
The notices of reassessment for the Relevant Taxation Years are compriseent with the Proposal received by Silver Wheaton, which was formerly declared on July 6, 2015. In issuing the reassessments, the CRA is seeking to improvement Silver Wheaton’s income subject to tax in Canada for the Relevant Taxation Years by about Cdn$715 million (US$536 million) which would result in federal and provincial tax of Cdn$201 million (US$151 million). In addition, the CRA is seeking to impose transfer pricing penalties of about Cdn$72 million (US$54 million) and interest and other penalties of Cdn$81 million (US$60 million) for the Relevant Taxation Years. Total tax, interest and penalties sought by the CRA for the Relevant Taxation Years is Cdn$353 million (US$265 million).
Silver Wheaton intends to file a notice of objection within the required 90 day period offered under the Income Tax Act (Canada) and will be required to make a deposit of Cdn$177 million (US$133 million) representing 50% of the reassessed amounts. Silver Wheaton will seek to post security in the form of a letter of credit for this amount as opposed to a cash deposit. Cash that is deposited in respect of a reassessment would be refunded, plus interest, if the Company were ultimately successful in challenging that reassessment. The notice of objection will be reviewed by the CRA’s Appeals Division. Silver Wheaton also has the right to appeal directly to the Tax Court of Canada once at least 91 days have elapsed since the filing of any notice of objection.
Silver Wheaton Corp. operates as a precious metals streaming company worldwide. The company has 18 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold regarding27 various mining assets.
Finally, Delek US Holdings, Inc. (NYSE:DK), ended its last trade with -1.05% loss, and closed at $27.41.
Delek US Holdings, declared that Mark Smith, EVP of Commercial Operations and other members of administration took part in the 6th Annual Credit Suisse Small & Mid Cap Conference in New York, New York on Wednesday, September 16, 2015.
Delek US Holdings, Inc. operates as an integrated downstream energy company that operates in petroleum refining, wholesale distribution, and convenience store retailing businesses. The company operates in three segments: Refining, Logistics, and Retail. The Refining segment owns and operates two refineries in Tyler, Texas, and El Dorado, Arkansas; and produces various petroleum-based products used in transportation and industrial markets.
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.
