On Tuesday, Shares of SandRidge Energy Inc. (NYSE:SD), lost -4.86% to $0.564.
SandRidge Energy, declared financial and operational results for the quarter ended June 30, 2015.
Strong second quarter production rates and drilling results supported an enhance in the midpoint of production volume guidance for the 2015 calendar year. New guidance introduced recently estimates 2015 production to be between 29.0 and 30.5 MMBoe (vs. preceding range of 28.0 to 30.5 MMBoe).
During the second quarter, CEBA Midstream, LP, SandRidge’s wholly-owned saltwater gathering and midstream partner, received a favorable ruling from the IRS providing that revenues earned by CEBA from its produced water gathering and disposal operations constitute “qualifying income” under regulations applicable to master limited partnerships.
SandRidge issued $1.25 billion of second lien notes on June 10, 2015. Conpresently, the Company revised its first lien credit facility, lowering its borrowing base and providing for less restrictive financial covenants. The restated facility is subject to maintenance of a first lien leverage ratio (senior first lien secured debt/LTM pro forma EBITDA) of not more than 2.0 times and a minimum current ratio (counting accessible borrowing capacity) of at least 1.0 times. The borrowing base is presently $500 million.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
Shares of Expedia Inc (NASDAQ:EXPE), declined -0.30% to $121.13, during its last trading session.
With the unofficial end of summer approaching, data analysts at Expedia.com, one of the world’s largest full-service online travel sites, have unveiled noteworthy trends for the 2015 Labor Day holiday. In addition to identifying hot spots and top under-the-radar destinations, the team analyzed 2014 Labor Day holiday booking data and found that a mere 20% of eventual Labor Day travel accommodations had been booked in July 2014, making Labor Day a top last-minute booking holiday. In response, this year Expedia.com is offering last minute travelers the opportunity to save an additional 50% on select 4 and 5 star hotels, via Expedia’s new End of Summer Flash Coupon.
Expedia, Inc., together with its auxiliaries, operates as an online travel company in the United States and internationally. The company operates in two segments, Leisure and Egencia.
Finally, Ingram Micro Inc. (NYSE:IM), ended its last trade with -1.83% loss, and closed at $26.80.
Ingram Micro, declared the availability of IBM Cloud infrastructure on the Ingram Micro Cloud Marketplace. Ingram Micro now offers IBM Cloud infrastructure through SoftLayer in the U.S., with plans to expand the offering to additional Cloud Marketplaces worldwide, counting Australia, Belgium, Canada, France, Mexico, Netherlands, the U.K. and more.
Recognized as the backbone of the IBM Cloud portfolio, IT analysts identify SoftLayer as a leading cloud infrastructure-as-a-service (IaaS) provider, offering a high-performance cloud delivery model that comprises bare metal servers, virtual servers, storage, security services and networking. These services can be deployed on demand with full remote access and control through a customer Web portal or API, allowing customers to create their ideal public, private or hybrid cloud environments.
Ingram Micro Inc. distributes information technology (IT) products; and provides supply chain and mobile device lifecycle services worldwide. The company offers printers, scanners, displays, projectors, monitors, panels, mass storage, and tape products; digital signage products; digital cameras and video disc players, game consoles, televisions, audio, small appliances, media administration, and home control products; barcode/card printers, AIDC scanners and software, and wireless infrastructure products; Internet protocol video surveillance, security and fire alarm systems, and access control smart cards; processors, motherboards, hard drives, and memory products; and ink and toner supplies, paper, carrying cases, and anti-glare screens.
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