On Monday, Shares of Encana Corporation (NYSE:ECA), gained 3.60% to $13.52, after a report that the oil company is exploring the sale of its natural gas assets in the Haynesville Shale basin in Louisiana.
Citigroup is presently soliciting offers for Encana’s Haynesville assets, Bloomberg reports. The bank is statedly reaching out to private-equity firms, energy exporters, and other potential buyers for the assets that are valued at up to $1 billion.
Encana presently owns more than 350,000 acres in the Haynesville Shale basin area.
The oil company is reportedly looking to sell its Haynesville assets and other gas assets to focus more on drilling for oil and other liquids, according to Bloomberg.
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
Shares of Discovery Communications, Inc. (NASDAQ:DISCA), gained 3.54% to $33.96, during its last trading session.
Discovery Education, the leading provider of digital content and professional development for K-12 classrooms, declared details on a series of town hall discussions on the My Brother’s Keeper initiative. A White House program, My Brother’s Keeper seeks to improve the life outcomes of boys and young men of color through public-private partnerships and other measures.
Last year, Discovery Communications declared a comprehensive program to support the My Brother’s Keeper initiative. To build awareness and drive discussion of this important issue, Discovery Communications, the parent company of Discovery Education, committed more than $1 million to produce and air an forthcoming one-hour TV special and to host town hall meetings. The TV special, which features uplifting programs and best practices that improve outcomes for young men of color, is planned to start airing in June on Discovery Channel, OWN: Oprah Winfrey Network, in Spanish on Discovery en Español, and will be featured across Discovery’s online properties. Additionally, Discovery Channel will host a premiere event in Washington, DC, followed by a panel discussion. Details on that event will be made accessible soon.
These local events will feature a preview of the special, followed by a panel of experts who will talk about and assess the influence they are making on boys and men of color in their cities. Panelists and speakers for the Chicago event will comprise:
- Annette Gurley, Chief Officer of Teaching and Learning, Chicago Public Schools
- James Cole Jr., General Counsel, U.S. Department of Education
- Maricela Garcia, CEO, Gads Hill Center
- Candice Jones, Director, Illinois Department of Juvenile Justice
- Tim King, Founder and CEO, Urban Prep Academies
- Anthony Watson, Director, Youth Guidance’s Becoming A Man Program
- Yamiche Alcindor, national reporter, USA Recently (moderator).
Panelists and speakers for the Philadelphia event will comprise:
- Mayor Michael A. Nutter, City of Philadelphia
- William R. Hite Jr., Superintendent, School District of Philadelphia
- Charles H. Ramsey, Commissioner of the Philadelphia Police Department.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
At the end of Monday’s trade, Shares of SandRidge Energy, Inc. (NYSE:SD), gained 3.45% to $2.10, as oil prices were rising due to a drop in stockpiles at the delivery point for U.S. crude.
WTI crude oil for May delivery was up 1.4% to $56.51 a barrel Wednesday, and Brent crude oil for June delivery was up 0.1% to $63.49 a barrel.
Oil prices were rising after oil services firm Genscape said that stockpiles at the Cushing, OK delivery point for U.S. crude dropped by more than 900,000 barrels between Tuesday, April 14 and Friday, April 17, according to Reuters. The firm stated a total raise of about 350,000 barrels for the week.
SandRidge Energy, Inc., an oil and natural gas company, explores for and produces oil and natural gas properties primarily in the Mid-Continent region of the United States. The company operates through three segments: Exploration and Production, Drilling and Oil Field Services, and Midstream Services.
Finally, International Business Machines Corporation (NYSE:IBM), ended its last trade with 3.42% gain, and closed at $166.16.
International Business Machines, declared first-quarter 2015 diluted earnings from ongoing operations of $2.44 per share, flat year-to-year. Operating (non-GAAP) diluted earnings from ongoing operations were $2.91 per share, contrast with operating diluted earnings of $2.68 per share in the first quarter of 2014, an raise of 9 percent.
First-quarter net income from ongoing operations was $2.4 billion, down 5 percent year-to-year, counting the influence of $0.2 billion in pension-related pre-tax charges for IBM Spain in the first quarter of 2015, resulting from a court ruling in Spain. Operating (non-GAAP) net income from ongoing operations was $2.9 billion contrast with $2.8 billion in the first quarter of 2014, an raise of 4 percent. GAAP and Operating (non-GAAP) results comprise workforce rebalancing charges of $0.3 billion in the first quarter of 2015 and $0.9 billion in the year-ago period.
For the first-quarter of 2015, IBM stated merged net income of $2.3 billion or $2.35 of diluted earnings per share, counting operating net losses in suspended operations related to the Microelectronics business.
Total revenues from ongoing operations for the first quarter of 2015 of $19.6 billion were down 12 percent, flat year-to-year adjusting for currency and divested businesses, from the first quarter of 2014.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support.
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