On Thursday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: Goodrich Petroleum Corp. (NYSE:GDP), North American Palladium Ltd. (NYSEMKT:PAL), Telefonica Brasil, S.A. (NYSE:VIV), Cenovus Energy Inc. (NYSE:CVE)
Goodrich Petroleum Corp. (NYSE:GDP), with shares declined -6.77 %, closed at $3.03.
North American Palladium Ltd. (NYSEMKT:PAL), with shares dropped -6.26 %, settled at $0.205.
Telefonica Brasil, S.A. (NYSE:VIV), with shares dipped -6.60 %, and closed at $15.42
Cenovus Energy Inc. (NYSE:CVE), plummeted -6.46 %, and closed at $16.35.
Latest NEWS regarding these Stocks are depicted underneath:
Goodrich Petroleum Corp. (NYSE:GDP)
Formerly on March 12, Goodrich Petroleum Corp. (GDP), declared that it has closed its formerly declared offering of $100 million aggregate principal amount of 8% senior secured notes issued at par due 2018. Net proceeds from the offering totaled about $98 million. The Corporation intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes.
Goodrich Petroleum Corporation, an independent oil and natural gas corporation, engages in the exploration, development, and production of oil and natural gas. The corporation holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas.
North American Palladium Ltd. (NYSEMKT:PAL)
Formerly on February 26, North American Palladium Ltd. (PAL), declared the positive results of the Technical Report for the Lac des Iles Mine, Ontario, Incorporating a Preliminary Economic Assessment of the Mine Expansion Plan (“2015 PEA”).
NAP commissioned the 2015 PEA in mid-2014 to evaluate the results of an ongoing diamond drilling program and to update and re-scope the economic potential of the large mineral resource at LDI. The change in the exchange rate between the Canadian and U.S. dollar and improved palladium prices have raised the potential for exploitation of the mineral resource that, as of February 2015, comprises of 71.5 million tonnes of measured and indicated resources at 1.98 g/t Pd and 15 million tonnes of inferred resource at 2.7 g/t Pd. Table 1 below provides a brief, high-level summary of the Corporation’s mineral reserve and mineral resource estimates. Please refer to NAP’s February 25, 2015 news release that provides additional details of the Corporation’s estimated mineral reserves and mineral resources.
North American Palladium Ltd. produces precious metals in Canada. It explores for palladium, platinum, nickel, copper, and other metals. It primarily holds interest in the Lac des Iles mine located to the northwest of Thunder Bay, Ontario.
Telefonica Brasil, S.A. (NYSE:VIV)
The Shareholders of Telefônica Brasil S.A. (NYSE:VIV) are hereby called to the Regular and Special Shareholders’ Meetings to be held at 11:00 a.m. on April 09th, 2015, at the head office, at Avenida Eng. Luiz Carlos Berrini, 1376, 20th floor, auditorium, Cidade Monções neighborhood, in the Capital of the State of São Paulo.
Formerly on March 2, Telefonica Brasil, S.A. (VIV), declared that on February 27, 2015, the Corporation filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the U.S. Securities and Exchange Commission.
Telefônica Brasil S.A. provides fixed-line telecommunications services to residential and corporate customers in Brazil. The corporation offers voice services, counting activation, monthly subscription, public telephones, and measured services; intraregional, interregional, and international long-distance voice services.
Cenovus Energy Inc. (NYSE:CVE)
Formerly on March 3, Cenovus Energy Inc. (CVE), has closed its formerly declared bought-deal ordinary share financing. A total of 67.5 million ordinary shares were sold at a price of $22.25 per share for gross proceeds of about $1.5 billion. Cenovus intends to use the net proceeds from the Offering to partially fund the corporation’s formerly declared $1.8 billion to $2.0 billion capital expenditure program for 2015, to repay commercial paper outstanding as it matures and for general corporate purposes.
The Offering was made through a syndicate of underwriters (the “Underwriters”) led by RBC Capital Markets and TD Securities Inc., and comprised of BMO Capital Markets, CIBC World Markets Inc., Scotia Capital Inc., Barclays Capital Canada Inc., J.P. Morgan Securities Canada Inc., Merrill Lynch Canada Inc., Credit Suisse Securities (Canada) Inc., Morgan Stanley Canada Limited, AltaCorp Capital Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc., Cormark Securities Inc., FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Peters & Co. Limited, Raymond James Ltd., and UBS Securities Canada Inc.
Cenovus Energy Inc., an integrated oil corporation, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States. The corporation’s Oil Sands segment engages in the development and production of bitumen assets at Foster Creek, Christina Lake, Narrows Lake, and the Athabasca natural gas assets, in addition to projects in the early stages of development, such as Grand Rapids and Telephone Lake.
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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.
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