On Friday, Origin Agritech Ltd. (NASDAQ:SEED)’s shares inclined 11.48% to $2.72.
Origin Agritech Ltd. (SEED) uncovered that Dr. Gengchen Han, Chairman and CEO of Origin, will present in an investor’s meeting organized by Wells Fargo Securities on June 16th, 2015. In his presentation, Dr. Han is predictable to talk about the planned direction of new Origin Agritech and company’s capabilities in biotech corn seed development, corn seed breeding technologies, and seed production & distribution. His presentation materials will be filed with SEC before the meeting.
Origin Agritech Limited, an agricultural biotechnology company, engages in crop seed breeding and genetic improvement activities in the People’s Republic of China. The company is involved in the research and development, production, sale, and marketing of crop seeds; and provision of related technical services. It primarily offers hybrid varieties of corn, rice, and canola seeds.
VMware, Inc. (NYSE:VMW)’s shares dropped -0.50% to $88.91.
VMware, Inc. (VMW) has implemented VMware’s unified platform for the hybrid cloud. By virtualizing the network with VMware NSX™ and adopting VMware vCloud® Air™ Disaster Recovery, the City is better equipped to protect critical services. More than simple backups, Avondale is better prepared to achieve quick recovery from unforeseen incidents that could impact the delivery of municipal services to citizens and businesses such as traffic management, water and wastewater utilities, and emergency response by police officers and firefighters.
The city of Avondale, an innovative community in the Phoenix Metropolitan area, is committed to making sure that critical health, safety, utility, and financial services are always available for its residents. According to the City of Avondale, its municipal government maintains a budget of $180 million with over 500 employees. The 16-person Information Technology (IT) department supports the community by using technology to engage the community and innovate municipal services to keep the city responsive, efficient, and secure.
VMware, Inc. provides virtualization infrastructure solutions in the United States and internationally. The company’s virtualization infrastructure solutions comprise a suite of products designed to deliver a software-defined data center (SDDC), run on industry-standard desktop computers and servers, and support a range of operating system and application environments, in addition to networking and storage infrastructures. ts solutions enable organizations to aggregate mult
At the end of Friday’s trade, Petroquest Energy Inc (NYSE:PQ)‘s shares dipped -7.86% to $2.11.
Petroquest Energy Inc (PQ) declared the closing of the sale of the majority of its interests in the Woodford and Mississippian Lime (the “Sold Assets”) for gross proceeds of $280 million, subject to estimated purchase price adjustments between the effective date of January 1, 2015 and the closing date. During the first quarter of 2015, the Sold Assets produced about 46 MMcfe/d and generated net operating cash flow of about $7.5 million. As of December 31, 2014, the Company’s estimated proved reserves attributable to the Sold Assets totaled about 227 Bcfe (63% proved developed) with estimated discounted net cash flow (PV-10) of $249 million, using SEC pricing ($3.58 per Mcf of gas, $21.47 per barrel of natural gas liquids and $93.48 per barrel of oil).
The Company will retain a small working interest in the Sold Assets in addition to maintain its working interest in the Woodford assets located on the east side of its acreage position (East Hoss). As a result, the Company will continue to drill and operate all wells throughout its Woodford acreage position under a services agreement. The Company is in the process of flowing back eight wells (average NRI 14%) in the East Hoss area with two rigs predictable to continue working for the remainder of 2015.
Borrowing Base Update
In conjunction with the divestiture, the Company’s bank credit facility was amended to extend the maturity date from October 2016 to June 2020, subject to certain conditions. In addition, the borrowing base was revised from $190 million to $70 million, with the lender’s commitments fixed at $70 million. The next redetermination is planned to occur on or around September 1, 2015.
The Company used a portion of the proceeds from the divestiture to repay all borrowings outstanding under its bank credit facility. In addition to having an undrawn revolver, the Company presently has about $130 million in cash with an additional $14 million in deferred sales proceeds to be received prior to December 31, 2015.
PetroQuest Energy, Inc. operates as an independent oil and gas company. The company is involved in the acquisition, exploration, development, and operation of oil and gas properties in Oklahoma and Texas, in addition to onshore and in the shallow waters offshore the Gulf Coast Basin. As of December 31, 2014, it had estimated proved reserves of 2.4 thousand barrels of oil, 73.5 billion cubic feet equivalent of natural gas liquids, and 309 billion cubic feet of natural gas. The company was founded in 1983 and is headquartered in Lafayette, Louisiana.
Veeva Systems Inc (NYSE:VEEV), ended its Friday’s trading session with -2.38% loss, and closed at $26.61.
Veeva Systems Inc (VEEV) declared a planned partnership to accelerate the life sciences industry’s move to more customer-centric engagement. The companies are joining forces to deliver innovation in customer data and data science for better marketing and sales effectiveness across all channels.
The Veeva and ZS planned partnership will initially focus in two key areas ripe for innovation:
Data Science - ZS has become a Veeva Data Science partner. Powered by data science in ZS’s Suggestion Engine, Veeva CRM Suggestions recommends the best actions and channels to reps to improve sales effectiveness. With this partnership, companies can now leverage ZS’ leading Orchestrator Rep solution to seamlessly deliver recommendations right within Veeva CRM.
Customer Data - ZS has joined the Veeva OpenData Partner Program allowing fast, simple integration of Veeva OpenData healthcare provider, healthcare organization, and affiliations data with ZS’ data solutions.
Veeva Systems Inc. provides cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America. Its solutions comprise Veeva CRM, a customer relationship administration solution that allows pharmaceutical and biotechnology companies to market and sell compliantly to physicians, other healthcare professionals, and healthcare organizations through multiple touch points, counting face-to-face, email, and online; and Veeva Vault, a cloud-based content administration and partnership solution for its customers to manage content-centric processes in various departments within a life sciences company, counting clinical trials, regulatory submissions, quality administration, manufacturing, medical, sales, and marketing.
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