On Tuesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -9.54% to $9.29, hitting its lowest level.
Chesapeake Energy Corporation, declared an updated financial strategy. Highlights comprise:
- Elimination of common stock dividend effective 2015 third quarter
- Sale of CHK Cleveland Tonkawa, L.L.C. properties and adjacent assets anticipated to close in 2015 third quarter; redemption of preferred shares in CHK Cleveland Tonkawa partner
- Declaration of preferred stock dividends.
Due to the current commodity price environment for oil, natural gas and natural gas liquids, and the resulting reduction in capital accessible to invest in its high-quality assets, Chesapeake Energy will eliminate its common dividend effective 2015 third quarter and redirect the cash into its 2016 capital program to maximize the return accessible to its shareholders.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States.
Shares of Hecla Mining Co. (NYSE:HL), inclined 6.76% to $2.21, during its last trading session, as oil prices staged a rebound Tuesday, following a four-session decline, with prices for the August West Texas Intermediate crude contract settling above the key $50-a-barrel level.
August crude settled at $50.36 a barrel, up 21 cents, or 0.4%, on the New York Mercantile Exchange. It lost 1.5% in the previous session, falling to $50.15 a barrel, the lowest settlement price since early April. MarketWatch Reports.
Hecla Mining Company, together with its auxiliaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide. The company offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers.
Finally, CenturyLink, Inc. (NYSE:CTL), ended its last trade with -2.56% loss, and closed at $29.72.
In a move that underscores the economic and community benefits of 1 gigabit per second (Gbps) fiber speeds, CenturyLink, Inc. (CTL) is launching a #HereForGood celebration campaign July 27-29 in Salt Lake City to highlight the positive impact of the company’s gigabit services in Utah.
A new study from the Fiber to the Home (FTTH) Council verifies what consumers, analysts and media have also acknowledged: There is strong economic benefit and steadily growing demand for high-speed Internet in areas where 1 gigabit bandwidth is present, even for the consumers who don’t yet require gigabit access and the neighborhoods where gigabit service has not yet arrived.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer.
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