On Friday, Shares of Denbury Resources Inc. (NYSE:DNR), lost -6.35% to $4.57, hitting its lowest level.
Oil prices edged lower on Monday as data showed Saudi Arabian exports fell to the lowest in five months despite record output, while a resurgence in U.S. drilling activity seen earlier this month seemed to fizzle out, according to Reuters.
Both international and U.S. crude futures posted their third successive weekly losses last week on expectations of raised exports from Iran following a deal to ease sanctions against the OPEC producer. Reuters Reports.
U.S. crude futures, also known as West Texas Intermediate (WTI), were down 7 cents at $50.82 on Monday, after falling more than 3 percent last week and more than 14 percent in July. The August contract expires on Tuesday. Reuters added.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
Shares of Kansas City Southern (NYSE:KSU), inclined 6.54% to $98.60, during its last trading session.
Kansas City Southern, stated second quarter 2015 revenues of $586 million, a decrease of 10% contrast to second quarter 2014. Overall, carload volumes were 6% lower than in second quarter 2014. Not taking into account the estimated impacts of lower U.S. fuel prices and peso depreciation, revenue declined 2% contrast to the second quarter of 2014.
Second quarter revenue declined in all commodity groups except Chemicals & Petroleum, which grew 1%. Energy revenue declined 46% driven by lower volumes in utility coal due to lower natural gas prices and in frac sand volumes as a result of the noteworthy decline in U.S. drilling operations.
Kansas City Southern, through its auxiliaries, engages in the freight rail transportation business. It operates north/south rail route between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas in the midwest and southeast regions of the United States.
Finally, Tenneco Inc. (NYSE:TEN), ended its last trade with 0.32% gain, and closed at $50.42.
Tenneco Inc., has been awarded three product design assessment (PDA) certificates from the American Bureau of Shipping, one of the world’s leading ship classification societies, for its new selective catalytic reduction (SCR) system for large engines.
The PDA certificates cover key components of the system, counting the complete dosing and control system, injectors, load sensors and the human machine interface (HMI) remote monitor, in addition to catalyst and reactor hardware configurations for both EPA and IMO applications.
Tenneco Inc. designs, manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide.
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