On Wednesday, E I Du Pont De Nemours And Co (NYSE:DD)’s shares inclined 0.16% to $57.28.
America’s Renewable Future (ARF) and DuPont (DD) jointly released new poll findings showing that, once informed about the Renewable Fuel Standard (RFS) and biofuels, a solid majority of caucus-goers from both political parties would be more likely to vote for a presidential candidate who supports them. Poll results indicated that 61 percent of Republicans and 76 percent of Democrats would be more likely to support a candidate who supports progress in these areas.
In fact, Iowa caucus-goers of both parties respond positively to a number of reasons to continue the RFS:
- 75 percent of Republicans and 87 percent of Democrats surveyed endorsed lower greenhouse gas emissions contrast to gasoline as a good reason to continue the RFS;
- 88 percent of Republicans and 93 percent of Democrats react favorably to the strong job and wage benefits the RFS ensures for Iowa;
- and 86 percent of Republicans and 92 percent of Democrats say the hundreds of thousands of American jobs the RFS ensures across the country are a good reason to continue the program.
The survey was conducted jointly with DuPont, which is opening a 30-million-gallon cellulosic ethanol biorefinery in Nevada, Iowa, Oct. 30.
E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides
MGM Resorts International (NYSE:MGM)’s shares dropped -3.46% to $20.25.
For the ninth year, Black Enterprise (BE) magazine has named MGM Resorts International (MGM) one of the “Best Companies for Diversity” in the U.S. based on its diversity and inclusion practices. MGM Resorts is the only company in the integrated resort industry, and the only company based in Nevada, to be named to the magazine’s list.
The 40 companies featured in the publication’s special report demonstrate a commitment to diversity in one or more of four key areas, counting: Board of Directors mix, employee diversity, senior administration mix and supplier diversity. Of those 40 companies, MGM Resorts was among the few that demonstrated noteworthy strengths in the four areas surveyed, according to BE.
This year’s Best Companies for Diversity honorees were recognized at the Executive Leadership Council’s 2015 Recognition Gala on Thursday, Oct. 8 at the Gaylord National Resort and Convention Center in National Harbor, Maryland. Among the other well-known companies named to the “40 Best” list are: IBM Corporation, American Express Co., Aflac Inc., The Coca Cola Company and Allstate Corporation.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
At the end of Wednesday’s trade, Suncor Energy Inc. (USA) (NYSE:SU)‘s shares dipped -0.70% to $28.17.
Suncor Energy commented on the Directors’ Circular issued by Canadian Oil Sands Limited (“COS” TSX Symbol “COS”), which recommends that COS shareholders not tender to Suncor’s $4.3 billion Offer to acquire all of the outstanding shares of COS for a consideration of 0.25 of a Suncor share per COS share.
“We encourage Canadian Oil Sands shareholders to determine for themselves whether our Offer is in their best interests,” said Steve Williams, Suncor’s president and chief executive officer. “There is nothing in the COS Directors’ Circular nor in the conference call comments this morning that detract from the strength of our compelling Offer. Our Offer reflects the new business reality, and when projected, comprised of a substantial price premium of 43% and a dividend enhance of 45%. It also represents an opportunity for investment in a financially stronger, more diversified and stable company that has considerable upside potential in a rising price environment, but can also deliver noteworthy value should oil prices stay lower for longer.”
- Suncor has a superior track record of creating shareholder value.
- Five-Year Total Shareholder Returns: Over the past five years to October 2, 2015, the last trading day preceding to the declaration of the Offer, Suncor has delivered total shareholder returns (counting dividends) of 15%, contrast to a total return of -69% for COS.
- Dividends:Suncor has delivered 13 years of successive annual dividend enhances. From September 2010 to September 2015, Suncor’s dividend has grown by 190%, while COS’ dividend has reduced by 90%.
- Share buybacks: Since 2011, Suncor has returned $5.3 billion to shareholders through share repurchases, amounting to a reduction of 10% of the shares outstanding; during this period, COS has diluted its shareholders and never conducted a buyback.
- Production growth: Suncor has raised oil sands production at a compound annual growth rate of 10% since 2012, while COS’ production has declined by 5%.
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products.
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