On Friday, Sanchez Energy Corp (NYSE:SN)’s shares inclined 0.08% to $6.12.
Sanchez Energy Corporation (SN) declared it has designated Eduardo Sanchez as President of Sanchez Energy effective October 1, 2015. Eduardo Sanchez will provide operations oversight and will direct the execution of the Company’s business plans. Eduardo Sanchez has over 15 years of experience in the exploration and production industry and has served as President and Chief Executive Officer of Sanchez Resources, LLC, a privately held oil and gas exploration company since 2010. Proceeding to his work at Sanchez Resources, LLC, he worked at Commonwealth Associates, Inc. focusing on private equity and debt placements in small and mid-cap businesses counting those in the energy sector. Mr. Sanchez serves on the board of Cristo Rey Jesuit and the Good Samaritan Foundation among other charitable causes in the Houston area. Mr. Sanchez received his Bachelor of Science in Business Administration degree from Babson College and his MBA from Columbia Business School.
Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast.
Willbros Group Inc (NYSE:WG)’s shares gained 6.77% to $1.42.
Willbros Group, Inc. (WG) declared that it accomplished amendments to its 2015 term-loan and ABL credit facilities. The amendments establish less stringent term loan financial covenants beyond the end of the first quarter 2016, which are designed to address the impact of current market conditions. Comprising with the Company’s predictable revenue levels for 2016, the ABL commitment has been reduced from $150 million to $100 million, with an accordion feature to expand up to $175 million to accommodate future revenue growth.
These amendments also enable the Company to proceed with formerly declared asset sale initiatives, counting the sale of its Professional Services segment, which will allow the Company to strengthen its balance sheet through debt reduction. The amended financial covenants are more aligned with current market conditions and the Company’s performance objectives, and the amendments approve the sale of certain assets, counting discrete assets which it may market in future periods. Net proceeds will be used primarily for debt reduction and secondarily for working capital.
Willbros Group, Inc., together with its auxiliaries, operates as an energy infrastructure contractor serving the oil, gas, refining, petrochemical, and power industries in the United States and internationally. It provides engineering, procurement, and construction (EPC); and turnarounds, maintenance, facilities development, and operations services. The company operates through four segments: Oil & Gas, Professional Services, Utility T&D, and Canada.
At the end of Friday’s trade, Nielsen N.V., (NYSE:NLSN)‘s shares surged 1.87% to $45.74.
Boston-based Mobee, the leader in real-time crowdsourced data and insights for brands, retail and hedge funds, recently declared a partnership with Nielsen, an authority in market research and consumer insights.
Together, Nielsen and Mobee are bringing innovation to the consumer insights marketplace with the development of a new smartphone application. Created in the form of an easy-to-use mobile Product Diary, this application captures consumer habits and product usage behaviors in real time. With this tool, the ability to report consumption behavior is captured in-the- moment, offering an updated approach for marketers who have traditionally been limited to chronicles of recalled activity.
This Product Diary mobile app will be an integrated tool within Nielsen’s Homescan Consumer Moments service offering, a highly visual, interactive dashboard that provides marketers with a complete view of consumer eating and drinking habits. The smartphone application is built on Mobee’s enterprise ready cloud based architecture with intuitive SaaS solution-driven features counting smart text and contextual text to capture in-depth, structured and accurate consumption data from participating users. The application seamlessly guides panelists through each consumption occasion using fun, visual cues with an intuitive design hierarchy to simplify navigation.
Nielsen Holdings plc operates as an information and measurement company. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen. Its Buy segment provides data on retail measurement services, such as market share and competitive sales volumes; insights into distribution, pricing, merchandising, and promotion; consumer panel measurement, which offers insight into shopper behavior and customer segmentation; and consumer intelligence and analytical services for decision making in development and marketing cycles.
Penn Virginia Corporation (NYSE:PVA), ended its Friday’s trading session with -0.07% loss, and closed at $0.460.
Penn Virginia Corporation (PVA) revealed that it has received notice from the New York Stock Exchange (NYSE) that the average closing price of its common stock for the last 30 successive trading days was less than $1.00 per share, which is below the price required by NYSE’s continued listing standards.
Under NYSE rules, the Company will regain compliance if, on the last trading day of any calendar month occurring during the next six months, PVA’s common stock closing share price and its successive 30 trading-day average closing share price are at least $1.00 per share. During this period, the Company’s common stock will continue to be traded on the NYSE, subject to compliance with other NYSE listing requirements. In compliance with NYSE procedures, the Company intends to notify the NYSE within ten business days of its intent to cure this deficiency and return to compliance with NYSE continued listing standards.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States.
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