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Sunday 18 October 2015
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Pre-Market News Analysis on: salesforce.com, (NYSE:CRM), Tesoro (NYSE:TSO), American Electric Power Company (NYSE:AEP), Synergy Resources (NYSEMKT:SYRG)

On Thursday, salesforce.com, inc. (NYSE:CRM)’s shares inclined 0.82% to $69.96.

Salesforce [ CRM], the Customer Success Platform and world’s #1 CRM company, recently declared that Shiseido has selected Salesforce Marketing Cloud to support its comprehensive web beauty service community “watashi+ (plus),” establishing one-to-one connections with members via email and LINE, a mobile messaging platform. Shiseido will launch the system in July 2015.

salesforce.com, inc. provides enterprise cloud computing solutions, with a focus on customer relationship administration to various businesses and industries worldwide. The company offers enterprise cloud computing apps and platform services, counting Sales Cloud for sales force automation, which enables companies to store data, access accurate customer and prospect information, track leads and progress, forecast opportunities, and collaborate around any sale on desktop and mobile devices; Service Cloud that enables companies to connect address customers service and support needs; and Marketing Cloud, which enables companies to map customer journeys to digital marketing interactions through email, mobile, social, Web, and connected products.

Tesoro Corporation(NYSE:TSO)’s shares gained 1.90% to $93.43.

Tesoro Corporation (TSO) plans to release its earnings for the second quarter 2015 after the market closes on Wednesday, August 5, 2015. The Company will broadcast, live, its conference call with analysts regarding second quarter results and other business matters on Thursday, August 6, 2015, at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com.

Tesoro Corporation, through its auxiliaries, engages in petroleum refining and marketing activities in the United States. It operates in three segments: Refining, Tesoro Logistics LP (TLLP), and Retail. The Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blend stocks, jet fuel, and diesel fuel, in addition to other products, counting heavy fuel oils, liquefied petroleum gas, petroleum coke, calcined coke, and asphalt.
At the end of Thursday’s trade, American Electric Power Company Inc (NYSE:AEP)‘s shares dipped -0.91% to $55.52.

Affiliates of American Electric Power (AEP), Berkshire Hathaway Energy, Duke Energy (DUK), Edison International (EIX), Eversource Energy (ES), Exelon (EXC), Great Plains Energy (GXP), and Southern Company (SO) have signed a memorandum of understanding to pursue development of Grid Assurance™, a limited liability company that expects to offer subscribers cost-effective solutions for enhancing grid resiliency and protecting customers from prolonged transmission outages.

As proposed, Grid Assurance will own and provide subscribers with timely access to an inventory of emergency spare transmission equipment that can otherwise take months to acquire. Grid Assurance filed a petition with the Federal Energy Regulatory Commission (FERC) late yesterday seeking confirmation that this service can be part of a transmission-owning entity’s strategy to effectively address grid resiliency mandates. Grid Assurance will not be FERC regulated, but plans to charge cost-based subscription fees, similar to FERC-regulated transmission formula rates. Cost-based subscription fees are expected to facilitate subscribers’ ability to recover expenses.

Restoration of the transmission grid can be hampered by long lead times required to design, build and deliver critical replacement equipment including large transformers, circuit breakers and other specialized electrical equipment. As proposed, Grid Assurance will be more cost-effective than companies independently securing emergency spare equipment for high-impact, low-frequency events due to economies of scale, diversification and improved logistics.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources.

Synergy Resources Corp (NYSEMKT:SYRG), ended its Thursday’s trading session with 8.56% gain, and closed at $10.78.

Synergy Resources Corporation(KT: SYRG) a U.S. oil and gas exploration and production company focused in the Denver-Julesburg Basin, has set a range for its fiscal year 2016 capital expenditures of $250-$300 million and offered an update on its drilling and completion activities in the Wattenberg Field.

Operations Update

Synergy’s Chief Operating Officer, Craig Rasmuson added, “We remain active as we enter our 2015 fiscal fourth quarter. We are presently concluding the eight well Geis pad and expect the wells to be on line in July. Four of the Geis wells will be accomplished using Halliburton’s Access Biovert Frac design, while the other four wells will utilize hybrid gel and slickwater designs. All eight Geis wells will be accomplished utilizing sliding sleeves. Completion activities on the eleven well Cannon pad are planned to start next week with production anticipated to start by late July. Additionally, completion plans for our Wiedeman pad are being finalized pending a contract related to the remediation of an existing offset vertical well within the spacing unit owned by a third party.”

Synergy Resources Corporation engages in the acquisition, development, exploitation, exploration, and production of oil and natural gas properties primarily located in the Denver-Julesburg Basin in northeast Colorado. It holds interests in the Wattenberg field covering about 31,000 net developed and undeveloped acres located in Colorado; and Northern Extension area covering about 26,000 undeveloped acres.

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