On Monday, Shares of Bonanza Creek Energy Inc (NYSE:BCEI), lost -5.32% to $8.54.
Bonanza Creek Energy, gained 21% on Friday following news of a smaller than anticipated loss, together with, and more importantly, an asset sale. As our newsletter readers are familiar, our views on the oil & energy industry continue to be long-term bearish due to diminishing global growth which has resulted in a decline in consumption of energy, chief among these being oil and associated byproducts. Friday, BCEI practiced below average volume, suggestive of a decline in probability for further upward momentum following the already impressive rally. Further evidence of diminishing volume could potentially point to conclude that any upside may not be sustainable.
Bonanza Creek Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of onshore oil and associated liquids natural gas in the United States. The company’s oil and liquids weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.
Shares of Scripps Networks Interactive, Inc. (NYSE:SNI), declined -1.12% to $58.38, during its last trading session.
Scripps Networks Interactive, stated third-quarter 2015 operating results.
“This has been a transformative quarter for Scripps Networks Interactive. Our international business has been bolstered by the successful acquisition of Poland’s leading multi-platform media company, TVN. Our networks continue to thrive in the United States, and their success is reflected in strong growth in both advertising and associate revenues. With a strategy that enables us to create deeper connections with consumers across the world, we are focused on delivering long-term growth and improved shareholder value,” said Kenneth W. Lowe, Chairman, President and Chief Executive Officer.
During the quarter, the company successfully accomplished its acquisition of 100 percent of TVN. TVN is a world-class operation with stellar administration that has a proven record of connecting consumers with compelling content in multiple ways. Scripps Networks Interactive is actively integrating TVN’s operations and realizing the benefits of its financial results, which drove a nearly 400 percent improvement in International Networks’ segment revenue and resulted in the first profitable quarter for Scripps’ international operations.
Merged revenues for the quarter were $776.1 million, an improvement of 20.4 percent, or $131.7 million, from the preceding-year period. Results for the three-month period ended Sept. 30, 2015, comprised advertising revenue of $527.9 million, an improvement of 22.2 percent, or $95.8 million; and associate fee revenue of $224.9 million, an improvement of 13.5 percent, or $26.7 million, contrast with the preceding-year period.
Scripps Networks Interactive, Inc. develops lifestyle-oriented content for linear and interactive video platforms in the United States, the United Kingdom and other European markets, the Middle East and Africa, the Asia-Pacific, and Latin America. The company delivers content that focuses on specifically defined topics of interest for audiences and advertisers.
Finally, Shares of Medical Properties Trust, Inc. (NYSE:MPW), ended its last trade with -3.59% loss, and closed at $10.73.
Medical Properties Trust, declared that it will host an analyst and investor day on Wednesday, November 11, 2015 in New York City. Registration at the event will start at 8:00 a.m. EST, and the program will start at 8:30 a.m. EST. The event is planned to conclude at about 12:30 p.m. EST.
Edward K. Aldag, Jr., Medical Properties Trust’s Chairman, President and CEO, Steven Hamner, Executive Vice President & CFO, and other members of the Company’s senior administration team will give presentations and take part in a panel negotiation with leaders of prominent healthcare companies in the U.S. and Europe. Guest speakers comprise the CEOs of Adeptus Health, Capella Healthcare, Ernest Health, IASIS Healthcare, Prime Healthcare and RHM/MEDIAN Kliniken.
Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers. The company also provides mortgage loans to healthcare operators, in addition to working capital and other term loans to its tenants/borrowers.