On Friday, Shares of Precision Drilling Corporation (NYSE:PDS), gained 1.61% to $6.93.
Precision Drilling Corporation, will hold its Annual Meeting of Shareholders on Wednesday, May 13, 2015. The meeting will be held at the Calgary Petroleum Club, Devonian Room, 319 - 5th Avenue S.W. Calgary, Alberta commencing at 3:00 p.m. MT on Wednesday, May 13, 2015.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
Shares of Vantage Drilling Company (NYSEMKT:VTG), surged 9.65% to $0.44, during its last trading session.
Vantage Drilling Company, reports net income for the three months ended March 31, 2015 of $21.4 million or $.06 per diluted share as contrast to earnings of $24.8 million or $.07 per diluted share for the three months ended March 31, 2014.
The three months ended March 31, 2015 comprises an about $20.6 million gain on the early retirement of debt. This gain represents the discount to the face value of debt that we purchased in the open market, net of writing off deferred financing costs. While this gain is not taxable, it is still comprised of in its calculation of annual effective tax rate which required us to record an additional adjustment to its tax provision for the three months ended March 31, 2015 of about $5.0 million.
The total debt retirement for the first quarter, counting planned maturities and open market purchase of debt, totaled about $82.9 million at face value. Following the end of the quarter, the company continued to acquire debt in the open market and have stepped down about $109.2 million of debt year to date with an annualized interest savings of about $7.2 million.
Vantage Drilling Company, through its auxiliaries, provides offshore contract drilling services in the United States and internationally. It offers drilling units, related equipment, and work crews under contract to drill oil and natural gas wells.
At the end of Friday’s trade, Shares of Duke Energy Corporation (NYSE:DUK), gained 0.39% to $77.11.
Duke Energy Corporation’s 28,000 employees care deeply about the customers and communities they serve, and are building a legacy that will lead to a smarter, cleaner energy future, CEO Lynn Good told investors at the company’s annual shareholder meeting.
The company is taking numerous actions to innovate and thrive in a rapidly evolving energy industry, counting the 2014 declaration of $8 billion in planned investments in solar energy, electric and natural gas distribution infrastructure, and natural gas-fired power plants, she said.
Duke Energy is investing $500 million in solar energy in North Carolina, and played a key role in enabling the state to rank number-three in the U.S. in installed solar in 2014.
The company also recently declared plans to build up to 500 megawatts of solar in Florida by 2024.
Duke Energy already has invested $4 billion in wind and solar facilities in 12 states since 2007.
These initiatives support the company’s ability to provide reliable, affordable energy from an increasingly clean and diverse portfolio of generation facilities, she said.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power.
Finally, Consolidated Edison, Inc. (NYSE:ED), ended its last trade with -0.26% loss, and closed at $61.08.
Consolidated Edison, stated first quarter net income for common stock of $370 million or $1.26 a share contrast with $361 million or $1.23 a share in 2014. Adjusted earnings, which exclude the effects of its lease in/lease out (LILO) transactions and the net mark-to-market effects of the competitive energy businesses (CEBs), were $365 million or $1.25 a share in 2015 contrast with $343 million or $1.17 a share in 2014.
For the year 2015, the company anticipates its adjusted earnings to be in the range of $3.90 to $4.05 per share. The company’s previous forecast of adjusted earnings was in the range of $3.80 to $4.00 per share. The higher range reflects primarily stronger than forecasted financial performance at CECONY due to the impact of the colder than normal winter on steam delivery revenues. Adjusted earnings per share exclude the net mark-to-market effects of the CEBs.
Consolidated Edison, Inc., through its auxiliaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to about 3.4 million customers in New York City and Westchester County; gas to about 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to about 1,700 customers in parts of Manhattan.
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