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Thursday 23 April 2015
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Negative Stocks Alert - Patterson-UTI Energy, (NASDAQ:PTEN), First Majestic Silver (NYSE:AG), Encana (NYSE:ECA), Ion Geophysical (NYSE:IO)

On Wednesday, Patterson-UTI Energy, Inc. (NASDAQ:PTEN)’s shares dwindled -4.50%, and closed at $19.29, as on April 1, 2015, the PATTERSON-UTI ENERGY, will hold its symposium call to talk about results for the first quarter ended March 31, 2015 on Thursday, April 23, 2015 at 9:00 a.m. Central Time.

A replay of the conference call will be accessible on the Corporation’s website for two weeks. A telephonic replay will be accessible through April 27, 2015 at (888) 286-8010 or (617) 801-6888 with the access code 88170007.

Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada.

First Majestic Silver Corp (NYSE:AG), declined -4.11%, and closed at $5.13, during the last trading session on Wednesday, as First Majestic Silver Corp, disclosed that it has attained 14,509,279 ordinary shares of First Mining Finance Corp, representing 19.7% of the outstanding ordinary shares of First Mining.

The ordinary shares were attained by First Majestic in its capacity as a shareholder of KCP Minerals Inc. a private corporation, in accordance with a Plan of Arrangement under the Business Corporations Act following which all of the outstanding securities of Sundance were exchanged for securities of First Mining.

First Majestic Silver Corp. engages in the attainment, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The corporation owns and operates five producing mines, counting the La Encantada silver mine in Coahuila State, the La Parrilla silver mine in Durango State, the Del Toro silver mine in Zacatecas State, the San Martin silver mine in Jalisco State, and the La Guitarra silver mine in Mexico State.

At the end of Wednesday’s trade, Encana Corporation (USA) (NYSE:ECA), dipped -3.82%, and closed at $11.59, as some stocks within the energy sector slump due to the decline in the price of oil. The commodity is falling as a result of a larger than predictable raise in U.S. supplies and after Saudi Arabia stated record output for the month of March.

EnCana is a Canada-based energy producer that focuses developing a portfolio of resource plays counting natural gas, oil, and natural gas liquids.

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.

Ion Geophysical Corp (NYSE:IO), ended its Wednesday’s trading session with -3.54% loss, and closed at $2.18, as ION Geophysical Corporation, declared completion of the seismic attainment stage of the corporation’s NamibiaSPAN™ program, which extends the full length of Namibia’s offshore continental margin. Attainment was conducted in cooperation with BGP (China National Petroleum Corporation).

With an estimated 100 billion barrels of oil remaining to be discovered and produced in Africa’s offshore waters, NamibiaSPAN plays a critical role in establishing a contiguous dataset for the full West Africa margin extending from Mossel Bay to the Bight of Benin. NamibiaSPAN comprises over 10,000 km of two-dimensional (2D) multi-client data and represents the newest addition to ION’s BasinSPAN™ library, which encompasses about 500,000 km of 2D basin-scale data in E&P hotspots around the world counting NigeriaSPAN™, EquatorSPAN™ and CongoSPAN™ in West Africa.

ION Geophysical Corporation provides geoscience technology, services, and solutions for the oil and gas industry worldwide. It operates through four segments: Solutions, Systems, Software, and Ocean Bottom Services.

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This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

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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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