On Monday, Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), lost -1.13% to $9.63.
According to Bloomberg, Petroleo Brasileiro SA has drawn interest from Mitsui & Co. in the sale of a package of natural gas pipelines.
Petrobras, as the Brazilian state oil company is known, has been marketing the sale of 49 percent of its stake in the pipelines, according to the people, who asked not to be identified talk abouting a private process.
Mitsui is seen as a natural buyer of the assets because it’s already a partner with Petrobras on gas pipelines. Still, talks between the companies are at a preliminary stage.
The oil company has 9,000 kilometers (5,600 miles) of natural gas pipelines, according to its website. Mitsui, Japan’s second-biggest trading house, has been active in Latin America’s largest economy, counting a deal in December to buy a stake in gas distribution company Cia. de Gas do Ceara.
Petrobras plans to divest about $14 billion in assets by the end of next year to meet core investment aims and start addressing the oil industry’s biggest debt load. The driller is also embroiled in a bribery scandal that led to the collapse of its stock and the replacement of then-Chief Executive Officer Maria das Gracas Foster with banker Aldemir Bendine.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
Shares of Citizens Financial Group, Inc. (NYSE:CFG), inclined 1.01% to $26.07, during its last trading session.
Charter One is now Citizens Bank. The name change, first declared last year, is part of parent company Citizens Financial Group’s broader strategy to unify brands across its 11-state footprint. The company until recently had operated as Charter One in Ohio and Michigan.
Citizens began notifying customers of the name change last year. New Citizens signs were unveiled at more than 120 branches across northeast Ohio and at the bank’s corporate office recently. The name change will not affect existing customers, who will retain their account numbers and their Charter One-branded checks, credit cards and debit cards. All online and mobile banking passwords will also remain the same.
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking.
At the end of Monday’s trade, Shares of Magnum Hunter Resources Corp. (NYSE:MHR), gained 2.25% to $1.90.
Magnum Hunter Resources Corporation, declared financial and operating results for the three months ended March 31, 2015.
Highlights of the Company’s financial and operating results comprise the following:
- Proved reserves raised 73% in first quarter 2015 to 869.2 Bcfe (75% natural gas)
- Stated production of 163.6 MMcfe/d (27,261 Boe/d) for first quarter 2015, a 66% enhance over the preceding year comparable quarter
- First quarter 2015 production mix of 74% natural gas, 13% NGLs and 13% oil
- Average realized natural gas price for first quarter 2015 was $2.91 per Mcf (a $0.04 positive differential to the average NYMEX price for the period)
- Recent record throughput volumes on Eureka Hunter Pipeline System of about 623,713 MMBtu/d
- Production costs per Mcfe for first quarter 2015 declined 36% to $0.94, contrast to the preceding year comparable quarter
- Adjusted EBITDAX(a) for first quarter 2015 was $13.4 million
- Net gain/(loss) of ($0.57) per diluted share is stated for first quarter 2015
- Adjusted net loss(a)of ($0.38) per diluted share is stated for first quarter 2015
- Recurring general and administrative expenses(a) for first quarter 2015 were $0.43 per Mcfe, a 52% decrease over the preceding year comparable quarter
- ~210,000 net acres in core plays, of which ~80,000 net acres located in the Marcellus Shale and ~130,000 net acres located in the Utica Shale presently under lease.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States.
Finally, Fifth Third Bancorp (NASDAQ:FITB), ended its last trade with 0.54% gain, and closed at $20.32.
Fifth Third Bancorp, offered $1 million in job search training scholarships to assist recent College Graduates land Jobs.
More than half of recent college graduates do not have full-time jobs. This shocking statistic prompted The Curious Bank to ask “could a bank assist recent graduates find jobs?” As a result, Fifth Third Bank is working with national reemployment company, NextJob, Inc., to assist job seekers develop their personal brands and land employment that will put them on the path for long-term success.
Launching recently, Fifth Third’s new Brand of You integrated campaign invites recent graduates, many of whom fall into the millennial generation, to enter for one of 1,000 job coaching scholarships during the campaign period (May 11, 2015-July 20, 2015). Interested participants can enter by Tweeting an answer to the following statement: “Tell us why you deserve free one-on-one job search coaching” with both the #BrandOfYou and #53Enter hashtags. The campaign’s website is www.53.com/BrandOfYou.
Fifth Third Bancorp operates as a diversified financial services company in the United States. It operates through four segments: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. The Commercial Banking segment offers credit intermediation, cash administration, and financial services; lending and depository products; and foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.
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