On Friday, Triangle Petroleum Corporation (NYSEMKT:TPLM)’s shares declined -3.61% to $5.07.
Triangle Petroleum Corporation (TPLM) provides an operational update and reports its first quarter fiscal year 2016 financial results for the three-month period ended April 30, 2015 (“Q1 fiscal 2016″ or “Q1 FY 2016″).
First Quarter Highlights for Fiscal Year 2016 (ended April 30, 2015)
- Quarterly production volumes of ~1,226 Mboe (13,775 Boepd)
- Increasing full fiscal year 2016 production guidance to a range of 11,500-13,500 Boepd
- No change to formerly issued capital expenditure guidance
- Further enhances to production guidance will be considered as fiscal year 2016 progresses
- Triangle USA Petroleum (“TUSA”) driving continued reduction in drilling and completion costs
- Leading edge AFEs $7.3 million as of May 2015
- Merged cash flow from operations (before working capital changes) of $31.4 million, or $0.42 per fully diluted share; Operating cash flow of $39.3 million
- 23% quarter over quarter decrease in merged cash general and administrative expenses
- Merged adjusted revenue of $137.8 million counting $19.5 million of cash receipts from hedge settlements
Segment Operational Update
- TUSA generated $47.8 million of revenue in Q1 FY 2016 not taking into account $19.5 million of cash receipts from hedge settlements as contrast to $60.8 million of revenue in Q1 FY 2015 (-21% y/y). The contribution from year over year production growth partially offset a 54% drop in average pre-hedge realized prices to $38.97/Boe from $84.08/Boe
- Based on realized commodity prices in the month of May, current futures prices, and recent differentials, Q2 FY 2016 pre-hedge realized prices per Boe are trending 20% higher sequentially from Q1 FY 2016 actual pre-hedge realized prices of $38.97/Boe
- Spud 10 gross (7.3 net) and accomplished 5 gross (3.3 net) operated wells with a two-rig operated program in Q1 FY 2016
- Total of 23 gross (18.7 net) operated wells either in progress or waiting on completion as of April 30, 2015
Triangle Petroleum Corporation, an independent energy company, explores for, develops, and produces oil and natural gas resources primarily in the Bakken Shale and Three Forks formations in the Williston Basin of North Dakota and Montana. The company operates through Exploration and Production, and Oilfield Services segments. As of January 31, 2015, it held leasehold interests in about 126,037 net acres in the Williston Basin of North Dakota and Montana.
First Niagara Financial Group Inc. (NASDAQ:FNFG)’s shares dropped -0.21% to $9.60.
First Niagara Financial Group Inc. (FNFG) support of programs in community development, as well as youth and education, included 26,000 employee volunteer hours and more than $10 million in charitable giving last year.
The company recently released its 2014 community report, highlighting some of the more than 1,250 non-profit partners, programs and people that First Niagara worked with to enhance communities across New York State, Pennsylvania, Connecticut and Massachusetts.
In addition to First Niagara’s corporate and foundation grants totaling more than $10 million in 2014, the company’s employees donated nearly $450,000 to the United Way’s annual campaign, while local Employee Volunteer Councils held more than 250 events raising more than $110,000 for not-for-profit organizations and causes. The company also accomplished more than $155 million in community development loans to assist spark economic development activities and job creation across its four-state footprint.
First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company’s deposit products comprise savings and money market, and certificate of deposit accounts, in addition to municipal deposits. Its loan portfolio comprise commercial business loans; commercial real estate and multi-family lending products; residential real estate lending products; home equity lending products; indirect automobile lending products; credit cards; and other consumer loans, such as personal secured and unsecured loans, and overdraft lines of credit.
At the end of Friday’s trade, CME Group Inc (NASDAQ:CME)‘s shares dipped -1.96% to $96.93.
CME Group Inc (CME) the world’s leading futures exchange - and the National 4-H Council – America’s largest youth development organization are partnering for a third successive year to bring their popular and award-winning Commodity Carnival fair experience to more than 100 state and county fairs in nine states this summer. An interactive and educational game about the business of agriculture, the Commodity Carnival teaches young fairgoers how to manage the costs and risks associated with bringing an animal - this year, a hog - to market. Beyond the fairgrounds and throughout the year, the Commodity Carnival mobile app, Risk Ranch, enables people of all ages to try their hand at agricultural risk administration from their mobile devices, in addition to online.
CME Group Inc., through its auxiliaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products for trading and/or clearing across various asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals. The products comprise exchange-traded; and privately negotiated futures and options contracts and swaps.
Legg Mason Inc (NYSE:LM), ended its Friday’s trading session with -1.12% loss, and closed at $52.87.
Legg Mason Inc (LM) stated preliminary assets under administration of $706.8 billion as of May 31, 2015. This month’s AUM comprised of preliminary long-term inflows of $1.7 billion, driven by fixed income inflows of $1.6 billion and equity inflows of $0.1 billion. Liquidity inflows were $1.0 billion. May flows comprised of the formerly revealed $1.0 billion equity funding. This month’s AUM comprised of $2.8 billion in negative foreign exchange impact.
Legg Mason is a global asset administration firm with $707 billion in assets under administration as of May 31, 2015. The Company provides active asset administration in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (LM).
Legg Mason, Inc. is a publicly owned asset administration holding company. The firm provides investment administration and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles through its wholly owned auxiliaries. Legg Mason, Inc. was founded in 1899 and is based in Baltimore, Maryland.
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