On Friday, Blackhawk Network Holdings Inc (NASDAQ:HAWK)’s shares inclined 1.41% to $40.98.
Blackhawk Network Holdings Inc (HAWK) declared that it has reached a definitive agreement to acquire Achievers Corp. Achievers are a leading provider of employee recognition and rewards solutions designed to assist companies enhance employee engagement. The acquisition will broaden the reach of Blackhawk’s already extensive incentive and engagement business.
Earlier this year Blackhawk launched a new incentives division, Blackhawk Engagement Solutions, which is a leading global provider of customized incentive and engagement solutions for consumer promotions, direct and indirect sales channel incentive programs and employee rewards.
Blackhawk Network Holdings, Inc. provides a range of prepaid gift, telecom, and debit cards; and related prepaid products and payment services. It distributes closed loop gift cards, counting digital media and e-commerce, dining, electronics, entertainment, fashion, gasoline, home improvement, and travel; single-use non-reloadable open loop gift cards; and prepaid wireless or cellular cards used to load airtime onto the prepaid handsets, in addition to sells handsets.
Network-1 Technologies Inc (NYSEMKT:NTIP)’s shares gained 3.39% to $1.83.
Network-1 Technologies Inc (NTIP) declared that its Board of Directors has authorized an enhance to its formerly declared share repurchase program following Rule 10(b)-18 of the Securities and Exchange Act, as amended, permitting the Company to repurchase up to an additional $2,000,000 in shares of its common stock over the next twelve months (for a total of up to $14,000,000 since inception of the program in August 2011). The Company formerly declared four enhances to its share repurchase program (which was initially established at $2,000,000). To date, the Company has repurchased 6,654,068 shares under its program at an average price of $1.64 per share or an aggregate cost of about $10,904,000 (exclusive of commissions).
The common stock may be repurchased from time to time in open market transactions or privately negotiated transactions in the Company’s discretion. The timing and amount of shares repurchased will be determined by the Company’s administration based on its evaluation of market conditions and other factors. The share repurchase program may be raised, suspended or suspended at any time.
Network-1 Technologies, Inc. develops, licenses, and protects intellectual property assets. The company owns 24 patents that relate to various technologies, counting patents covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system; enabling technology for identifying media content on the Internet; and systems and methods for the transmission of audio, video, and data over computer and telephony networks. It primarily focuses on licensing its remote power patent covering the control of power delivery over Ethernet cables.
At the end of Friday’s trade, Gran Tierra Energy Inc. (NYSEMKT:GTE)‘s shares dipped -0.66% to $3.00.
Gran Tierra Energy Inc. (GTE) is making Colombian oil deals the focus of its expansion this year as the company steers investment plans away from Peru and Brazil, Chief Executive Officer Gary Guidry said.
The Calgary-based explorer of South American oil anticipates to close deals in the Andean nation before year-end to enhance output and reserves, said Guidry, who took over as CEO earlier this month. He’s considering potential joint ventures, takeovers and asset purchases.
Guidry was named president and CEO of Gran Tierra on May 8 as part of a shake-up led by Toronto-based hedge fund West Face Capital Inc., which owns about 9.8 percent of the company. Guidry’s drilling plan for Colombia will be declared in June, when shareholders hold a general meeting.
West Face, run by Greg Boland, blamed a decline in Gran Tierra’s value since the starting of 2011 on “failed high-risk, high-cost” exploration in Peru, Argentina and Brazil.
The oil producer may sell or seek joint ventures for assets in Peru and Brazil to ensure capital is focused on Colombia, Guidry said.
The company produced a daily average of 24,015 barrels of oil equivalent in the first quarter of 2015, mainly light oil from the Putumayo basin in southern Colombia.
Gran Tierra Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2014, the company’s acreage comprised 3.4 million gross acres covering 16 exploration and production contracts in Colombia; 47,734 gross acres covering 7 exploration blocks in Brazil; and 5.7 million gross acres covering 5 exploration licenses in Peru.
Petroquest Energy Inc (NYSE:PQ), ended its Friday’s trading session with 7.46% gain, and closed at $2.16.
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.
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.
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