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Thursday 20 August 2015
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Pre- Market News Review: PDC Energy (NASDAQ:PDCE), Youku Tudou (NYSE:YOKU), Energen (NYSE:EGN), Tenet Healthcare (NYSE:THC)

On Wednesday, PDC Energy Inc (NASDAQ:PDCE)’s shares declined -2.15% to $42.84.

PDC Energy, Inc. (PDCE) declared plans to host a conference call with investors to talk about 2015 second quarter results. Conference call materials will be accessible on the Company’s website, www.pdce.com, at the time of the call.

Conference Call and Webcast:

Date/Time: Monday, August 10, 2015 at 11:00 a.m. ET

Webcast accessible at: www.pdce.com

PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Oil and Gas Exploration and Production segment produces and sells natural gas to midstream service providers, marketers, and utilities; crude oil; and natural gas liquids.

Youku Tudou Inc (ADR) (NYSE:YOKU)’s shares dropped -0.99% to $20.04.

Youku Tudou, Inc. (YOKU), China’s leading Internet television company declared a new milestone in its IP-focused pan-entertainment strategy. A popular TV series The Journey of Flower, now being broadcast on the Youku Tudou platform simultaneously with TV, has generated over 1.8 million downloads for its mobile game since its release on June 25 and a record level of revenue for a single game at Youku Tudou.

The Journey of Flower is the latest success story in Youku Tudou’s initiatives to enhance user stickiness and drive value by leveraging a single IP to create multi-format entertainment products. Through its dedicated Cloud Entertainment BU, Youku Tudou is able to connect fans across domains leveraging its position as the leading online video platform in China. The total cumulative views of The Journey of Flower now stand at over 1.1 billion, with more than half of the series still remaining. This is the fastest TV series to surpass 100 million cumulative video views in Youku Tudou’s TV series history. Since venturing into mobile gaming, Youku Tudou now jointly operates over 1,500 games with over 150 mobile game operators and has already driven a total of over 200 million mobile game downloads.

Youku Tudou Inc. operates as an Internet television company in the People’s Republic of China. Its Internet television platform enables users to search, view, and share video content across various devices. The company’s services for users comprise online video content library comprising primarily of professionally produced content, counting television serial dramas, movies, current event reports, variety shows, and music videos. It also provides guided user-generated content through Youku Paike and Youku Niuren programs; and produces a range of content, such as sponsored Web serial dramas, reality shows, interviews, and variety shows under the Youku Originals brand, in addition to on Tudou platform.

At the end of Wednesday’s trade, Energen Corporation (NYSE:EGN)‘s shares surged 1.17% to $57.97.

Energen Corporation (EGN) will host a conference call on Friday, August 7, 2015, at 11:00 a.m. ET to talk about its second quarter 2015 financial and operating results. Earnings are predictable to be released after the market closes on Thursday, August 6, 2015.

Energen Corporation, through its partner Energen Resources Corporation, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. As of December 31, 2014, the company had about 372.7 million barrels of oil equivalent reserves located in the Permian Basin in west Texas, and the San Juan Basin in New Mexico and Colorado. Energen Corporation was founded in 1929 and is headquartered in Birmingham, Alabama.

Tenet Healthcare Corp (NYSE:THC), ended its Wednesday’s trading session with 0.93% gain, and closed at $58.50.

THC BioMed Intl Ltd. (THC) declared it has Executed a Definitive agreement, as per the terms of the Binding Letter Agreement declared May 15th 2015, with Trans-Medica Ltd. (“Trans-Medica”), to provide consulting services and utilize Trans-Medica’s proprietary Vertical Grow System for total consideration to THC of $700,000.

Following the Agreement, THC will right away supply consulting services to Trans-Medica to assist Trans-Medica in obtaining its own Producer’s License under Canada’s Marijuana for Medical Purposes Regulations (the “MMPR”).

If THC acquires an MMPR Producer’s License, it will allocate a minimum of 25% of its growing facility to grow medical marijuana using the Vertical Grow Technology (“Vertical Marijuana”), sell and brand the Vertical Marijuana (the “Brand”) and supply it to Trans-Medica’s estimated 3,000 patients for a 3-year term with an option to extend for an additional 2 years by making a onetime $200,000 payment.

Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies.

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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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