On Wednesday, Shares of Kinder Morgan, Inc. (NYSE:KMI), gained 2.92% to $33.85, as Oil prices have edged up from six-year lows as US oil supplies declined and the dollar retreated.
US benchmark West Texas Intermediate for September delivery rose 22 cents to $US43.30 a barrel on the New York Mercantile Exchange on Wednesday. The US contract on Tuesday closed at the lowest level since March 2009.
European benchmark Brent oil for September delivery gained 48 cents to $US49.66 a barrel in London.
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments.
Shares of Canadian Natural Resources Limited (NYSE:CNQ), declined -2.03% to $24.58, during its last trading session.
Canadian Natural Resources Limited declared its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.23 (twenty-three cents) per common share. The dividend will be payable October 1, 2015 to shareholders of record at the close of business on September 11, 2015.
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO).
Finally, California Resources Corporation (NYSE:CRC), ended its last trade with 0.50% gain, and closed at $4.04.
California Resources Corporation declared an adjusted net loss of $51 million or ($0.13) per diluted share for the second quarter of 2015, contrast with adjusted net income of $246 million or $0.63 per diluted share for the second quarter of 2014. The adjusted net loss for the first six months of 2015 was $148 million or ($0.39) per diluted share, contrast with an adjusted net income of $469 million or $1.21 per diluted share for the same period in 2014. Adjusted EBITDAX2 for the second quarter of 2015 was $270 million, contrast with $727 million for the second quarter of 2014. Adjusted EBITDAX for the first six months of 2015 was $468 million, contrast with $1.4 billion for the first six months of 2014.
California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in about 2.4 million net acres. It also gathers, processes, and markets oil and gas products, in addition to produces and sells power. The company is headquartered in Los Angeles, California.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
