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Saturday 4 July 2015
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Eye-Catching Stock Update: EXCO Resources, (NYSE:XCO), Kosmos Energy, (NYSE:KOS), Marathon Oil Corporation, (NYSE:MRO), Baker Hughes Incorporated, (NYSE:BHI)

On Monday, EXCO Resources Inc. (NYSE:XCO)’s shares gained 3.09%, and closed at $2.00, after EXCO Resources, declared that it will be releasing first quarter 2015 results on Tuesday, April 28, 2015, after market close.

EXCO will host a conference call on Wednesday, April 29, 2015, at 9:00 a.m. (Central Time) to talk about the contents of this release and respond to questions. Please call (800) 309-5788 if you wish to take part, and ask for the EXCO conference call ID# 24918638. The conference call will also be webcast on EXCO’s website at www.excoresources.com under the Investor Relations tab. Presentation materials related to this release will be posted on EXCO’s website preceding to the conference call.

EXCO Resources, Inc., an independent oil and natural gas corporation, engages in the attainment, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.

Kosmos Energy Ltd. (NYSE:KOS)’s shares jumped 3.08%, and settled at $8.71, during the last trading session on Monday, as Kosmos Energy, declared the following plan for its first quarter 2015 results:

  • Earnings Release: Monday, May 4, 2015, pre-market via Business Wire and the Corporation’s website at www.kosmosenergy.com.
  • Conference Call: Monday, May 4, 2015, at 11:00 a.m. EDT. The call will be accessible via telephone and webcast.

Kosmos Energy Ltd. explores for and produces oil and gas in Africa, Europe, and South America. Its asset portfolio comprises production and other development projects in offshore Ghana, in addition to exploration licenses with hydrocarbon potential in offshore Ireland, Mauritania, Morocco, Senegal, and Suriname. The corporation was founded in 2003 and is based in Hamilton, Bermuda.

At the end of Monday’s trade, Marathon Oil Corporation (NYSE:MRO)’s shares climbed 3.07%, and closed at $27.90, after Marathon Oil Corporation, declared plans to issue its first quarter 2015 earnings news release on Wednesday, May 6, after the close of U.S. financial markets.

Prepared remarks together with accompanying slides will be accessible on the Corporation’s website about one hour after the earnings news release is issued. The Corporation will conduct a question-and-answer conference call, which will be webcast live, on Thursday, May 7, at 9 a.m. EDT.

Chris Phillips and Zach Dailey, co-directors of Investor Relations, will host the call. Also participating from Marathon Oil will be Lee M. Tillman, president and CEO; John R. (J.R.) Sult, executive vice president and chief financial officer; T. M. (Mitch) Little, vice president, International and Offshore Exploration and Production Operations; and Lance W. Robertson, vice president, North America Production Operations. The call will comprise forward-looking information.

Marathon Oil Corporation operates as an energy corporation. It operates in three segments: North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. The North America Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America.

Baker Hughes Incorporated (NYSE:BHI), ended its Monday’s trading session with 2.98% gain, and closed at $65.66, as on March 27, Halliburton Corporation (HAL), declared its stockholders approved Halliburton’s proposal to issue shares of Halliburton ordinary stock as contemplated by its merger contract with Baker Hughes Incorporated (BHI). In addition, Baker Hughes recently declared that its stockholders adopted the merger contract and thereby approved the projected combination of the two companies.

Nearly 99% of the shares voted at Halliburton’s special meeting voted in favor of the proposal to issue Halliburton shares. Separately, more than 98% of the shares voted at Baker Hughes’ special meeting voted in favor of the transaction, representing more than 75% of all outstanding shares of Baker Hughes.

Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The corporation offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.

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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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