On Friday, Shares of Encana Corporation (NYSE:ECA), lost -8.05% to $7.88, hitting its lowest level.
Strong second quarter operational performance assisted Encana Corporation deliver its seventh successive quarterly enhance in liquids volumes since launching its strategy to grow high-margin production. A focused and front-end loaded capital program has positioned the company to accelerate liquids production growth in the second half of 2015. Highlights comprise:
- liquids production of about 127,300 barrels per day (bbls/d), up 87 percent year-over-year
- over 80 percent of capital invested in the company’s four most planned assets, the Permian, Eagle Ford, Duvernay and Montney
- 59 new wells brought on production in the Eagle Ford and Permian late in the second quarter, with another 76 planned in the third quarter
- reduced Eagle Ford drilling and completion costs by $1 million per well, or 18 percent, contrast to the first quarter
- pace-setting Duvernay wells with production rates of up to 2,000 bbls/d of condensate and 11.5 million cubic feet per day (MMcf/d) of rich gas after 27 days on production
- noteworthy expansion of liquids inventory in the Montney, with higher condensate yields in Dawson South and two recent Pipestone area wells each producing over 1,000 bbls/d
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
Shares of MasterCard Incorporated (NYSE:MA), inclined 0.70% to $95.83, during its last trading session.
MasterCard Incorporated opened its digital security facility to its customers, driving further partnership on key issues that can deliver greater payments peace of mind. Located in England, the MasterCard DigiSec Lab is focused on proactively testing threats to all forms of digital payments in coordination with government security agencies and leading academics.
“The MasterCard DigiSec Lab represents our collective efforts to maximize product innovation and security investments,” said Ajay Bhalla, president of Enterprise Security Solutions at MasterCard. “While payments have never been safer, criminals have never been smarter. We’ve now opened the lab to our customers as part of an ongoing commitment to share insights, solutions and best practices to deliver the highest levels of security.”
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally
Finally, Ruby Tuesday, Inc. (NYSE:RT), ended its last trade with 10.57% surge, and closed at $6.80.
Ruby Tuesday stated financial results for the fiscal fourth quarter and year ended June 2, 2015.
Financial Performance Highlights
Results for the fourth quarter comprise:
- Net Income from Ongoing Operations totaled $4.3 million, or $0.07 per diluted share, contrast to a Net Loss from Ongoing Operations of $881,000, or ($0.01) per diluted share, for the same quarter in the preceding year. Adjusted Net Income from Ongoing Operations* was $7.2 million, or Adjusted EPS* of $0.12 per diluted share, contrast to Adjusted Net Income from Ongoing Operations of $3.5 million, or Adjusted EPS of $0.06 per diluted share, in the same quarter of the preceding year.
- Total revenue was $296.8 million contrast to $307.3 million last year, a decrease of $10.5 million, or 3.4%, primarily due to a net reduction of 10 Company-owned Ruby Tuesday restaurants contrast to the fourth quarter last year and a same-restaurant sales decline of 1.7% at Company-owned Ruby Tuesday restaurants. Year-over-year same-restaurant guest counts were down 4.6% for the quarter.
- During the quarter, the Company prepaid $5.2 million of mortgage debt. Subsequent to the end of fiscal 2015, the Company further simplified its debt structure by eliminating one mortgage lender with the payoff of $8.3 million of mortgage debt.
Ruby Tuesday, Inc., together with its auxiliaries, owns, develops, operates, and franchises a chain of casual dining restaurants in the United States, Guam, and internationally. As of September 2, 2014, the company owned and operated 666 Ruby Tuesday restaurants and franchised 83 Ruby Tuesday restaurants; and owned and operated 20 Lime Fresh restaurants and franchised 7 Lime Fresh restaurants. Ruby Tuesday, Inc. was founded in 1920 and is based in Maryville, Tennessee.
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