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Monday 22 June 2015
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Pre-Market News Review: Twitter, (NYSE:TWTR), SunEdison, (NYSE:SUNE), Canadian Natural Resources, (NYSE:CNQ)

On Wednesday, Shares of Twitter, Inc. (NYSE:TWTR), lost -0.37% to $34.69.

Twitter, in an effort to boost the value of its advertising platform, is rolling out its first automatic, ad-playing videos, following in the footsteps of Google (GOOGL) and Facebook (FB), according to The Wall Street Journal.

The company has been testing out the auto-play function for several months, and now, when users scroll through their Twitter feed, videos will start to automatically play while muted, the Journal noted.

Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, counting Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos.

Shares of SunEdison, Inc. (NYSE:SUNE), remained flat at $30.96, during its last trading session, hitting its highest level.

SunEdison, declared that it has signed a definitive agreement to acquire Continuum Wind Energy Limited, Singapore with assets in India. Continuum owns and operates 242 megawatts (MW) AC of wind power plants in Maharashtra and Gujarat states, in addition to 170 MW of wind power under construction in Madhya Pradesh state, and has more than 1,000 MW of wind power plants in development across six states in India .

SunEdison intends to place the power plants attained from Continuum on the operational call rights list for TerraForm Global. Operation and maintenance of the wind power plants will be performed by SunEdison Services, which provides global 24/7 asset administration, monitoring and reporting services.

The definitive agreement was signed June 12, 2015 with closing predictable in the third quarter of 2015, subject to regulatory approvals, third-party consents and customary closing conditions.

SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.

Finally, Canadian Natural Resources Limited (NYSE:CNQ), ended its last trade with 0.99% gain, and closed at $28.68.

Canadian Natural Resources, the nation’s largest heavy oil producer, is considering a shift in investment away from Alberta as the province plans to enhance corporate taxes and review royalties, according to Bloomberg.

Pledges by the newly elected New Democratic Party government may stifle spending by energy companies and kill jobs, Canadian Natural President Steve Laut said on a call with investors Wednesday and subsequent interview. While about 73 percent of Canadian Natural’s assets are in Alberta, it could devote more spending to operations in Africa, the North Sea, Saskatchewan and British Columbia, he said. Bloomberg Reports.

“We consider it and we’re looking at it,” Laut said. “Obviously we have a lot of assets in Alberta that would be influenced.”

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO).

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