On Tuesday, Swift Energy Co. (NYSE:SFY)’s shares surged 7.46% to $2.88, as Swift Energy’s President and CEO, Terry Swift, will give Swift Energy’s corporate presentation Monday, April 20, 2015, at 2:00 p.m. EDT to the investment community via live audio webcast at the IPAA Oil & Gas Investment Symposium (OGIS) Conference in New York.
Swift Energy Company, an independent oil and gas company, attains, explores, develops, and operates oil and gas properties. The company focuses on the Eagle Ford trend of South Texas, in addition to the onshore and inland waters of Louisiana.
Ciena Corporation (NYSE:CIEN)’s shares gained 7.33% to $21.38, during the last trading session on Tuesday, on the news that the communication equipment company’s competitor Alcatel-Lucent (ALU) confirmed it is in talks with Nokia (NOK) about a possible attainment.
In a joint statement, Nokia and Alcatel-Lucent said they are “in advanced discussions with respect to a potential full combination, which would take the form of a public exchange offer by Nokia for Alcatel-Lucent.”
The companies added that there is no certainty that the discussions will result in an contract of a transaction.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide. The company’s Converged Packet Optical segment offers networking solutions optimized for the convergence of coherent optical transport, OTN switching, and packet switching.
At the end of Tuesday’s trade, Vanguard Natural Resources, LLC (NASDAQ:VNR)’s shares gained 6.90% to $15.64, as Vanguard Natural will release its first quarter 2015 financial results after the market closes on Friday, May 1, 2015. In conjunction with the release, Vanguard has planned a conference call that will be broadcast live over the Internet and by phone on Monday, May 4, 2015, starting at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).
Vanguard Natural Resources, LLC, through its auxiliaries, attains and develops oil and natural gas properties in the United States. It owns properties, and oil and natural gas reserves primarily located in nine operating basins, counting the Arkoma Basin in Arkansas and Oklahoma; the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the Piceance Basin in Colorado; the Gulf Coast Basin in Texas, Louisiana, and Mississippi; the Wind River Basin in Wyoming; the Williston Basin in North Dakota and Montana; the Green River Basin in Wyoming; and the Powder River Basin in Wyoming.
Finally, Ensco plc (NYSE:ESV), ended its Tuesday’s trading session with 6.65% gain, and closed at $25.18, as oil prices rise due to the weaker U.S. dollar.
WTI crude oil for May delivery was up 2% to $59.93 a barrel late Tuesday morning, and Brent crude oil was up 0.6% to $58.27 a barrel.
Oil prices were rising as the dollar weakened against other currencies due to weak U.S. retail sales data, according to the Wall Street Journal. Oil is priced in dollars and becomes more affordable to those using foreign currencies when the dollar is weaker.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jackups, and Other. The company owns and operates offshore drilling rig fleet of 70 rigs, counting 10 drillships, 13 semisubmersible rigs, 5 moored semisubmersible rigs, and 42 jackup rigs located in North and South America, the Middle East and Africa, the Asia Pacific rim, Europe and the Mediterranean, and Brazil.
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