During Tuesday’s Current trade, Shares of North Atlantic Drilling Ltd. (NYSE:NADL), gain 0.96% to $1.05.
North Atlantic Drilling Limited (NADL) has been awarded a contract extension for the semi-submersible rig West Phoenix by Total E&P UK Limited, commencing mid-March 2016 and securing work for the unit through the end of August 2016. The total revenue potential for the contract extension is about $62 million.
A portion of the $62 million will be paid during the presently anticipated idle period from the startning of September 2015 to the middle of March 2016. The Company has the ability to market the rig for alternate work during this period.
As part of the agreement to extend the West Phoenix, the Company has agreed to a dayrate reduction on the current contract effective from June 1, 2015 until its predictable conclusion at the end of August 2015, resulting in a reduction to the remaining revenue potential of about $16 million.
North Atlantic Drilling Limited operates as an offshore drilling services contractor in the North Atlantic region. The company provides harsh environment offshore drilling services to the oil and gas industry primarily in Norway and the United Kingdom. As of December 31, 2014, the company owned eight offshore drilling rigs, counting one ultra-deep water drillship, three jack-up rigs, and four semi-submersible rigs comprising one rig under construction. It also has a contract for the construction of one semi-submersible rig.
Shares of Rockwell Medical Inc (NASDAQ:RMTI), declined -2.20% to $16.46, during its current trading session.
Rockwell Medical, Inc. (RMTI), a fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease (CKD) with innovative products and services for the treatment of iron replacement, secondary hyperparathyroidism and hemodialysis, declared recently the publication of the PRIME study results in Kidney International. Triferic is the only iron product FDA approved for delivery via dialysate to replace iron and maintain hemoglobin in hemodialysis patients in the United States.
Rockwell Medical, Inc. operates as an integrated biopharmaceutical company in the United States and internationally. It offers products and services for the treatment of end-stage renal disease, chronic kidney disease, iron deficiency, secondary hyperparathyroidism, and hemodialysis.
Franklin Resources, Inc. (NYSE:BEN), during its Tuesday’s current trading session gained 0.24% to $49.20.
Franklin Resources, Inc. (BEN) closed-end investment company managed by Franklin Advisers, Inc., declared recently a dividend of $0.0395 per share, payable August 14, 2015, to shareholders of record on July 31, 2015 (Ex-Dividend Date: July 29, 2015).
Dividends may vary based on the Fund’s net investment income. Past dividends are not indicative of future trends.
Franklin Resources, Inc. a publicly owned asset administration holding company. Through its auxiliaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its auxiliaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California.
Finally, PDC Energy Inc (NASDAQ:PDCE), gained 0.86%, to $44.78.
PDC Energy, Inc. (PDCE) declared plans to host a conference call with investors to talk about 2015 second quarter results. Conference call materials will be accessible on the Company’s website, www.pdce.com, at the time of the call.
Conference Call and Webcast:
Date/Time: Monday, August 10, 2015 at 11:00 a.m. ET
PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Oil and Gas Exploration and Production segment produces and sells natural gas to midstream service providers, marketers, and utilities; crude oil; and natural gas liquids.
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