On Thursday, Level 3 Communications, Inc. (NYSE:LVLT)’s shares inclined 0.06% to $50.94.
Global telecommunications provider Level 3 Communications, Inc., (LVLT) declared the formation of the Level 3 Foundation Inc., a 501(c)(3) public charity. The Foundation was established to amplify the efforts of Level 3 Cares, the company’s corporate social responsibility program that launched in 2012, and give back to the communities where its employees live and work.
The mission of the Foundation is to provide employees and community members the opportunity to be kind to their neighbors and share in the company’s commitment to giving back. Both company employees and community members can contribute financially to the Foundation to support any of the identified cause areas: animal welfare, arts and culture, disaster relief, education, health and disease, natural environment and the underprivileged. Level 3 will match up to $250,000 of all employee contributions made to the Level 3 Foundation this year.
Level 3 believes a company culture based on core values not only assists its business, but also defines the role it can play in society. These core values – accountability, integrity, performance, respect, service and teamwork – assisted lay the groundwork for the Foundation and its mission.
The Foundation’s Board of Directors is comprised of three members, Tom Stortz, president and Chairman of the Board, Laurinda Pang, vice president, and Sondra Smith, secretary.
Level 3 Communications, Inc., together with its auxiliaries, operates as a facilities-based provider of a range of integrated communications services primarily in North America, Latin America, Europe, the Middle East, and Africa. The company provides transport services comprising wavelengths, private lines, transoceanic, and dark fiber, in addition to related professional services; fiber services; and colocation and data center services, such as cloud, hosting, and application administration solutions. It also offers Internet protocol (IP) and data services comprising Internet services, virtual private network, content delivery network, media delivery, Vyvx broadcast, converged business network, and managed services; local and enterprise voice services comprising of voice over IP improved local, SIP trunking, local inbound, primary rate interface, long distance, and toll free services; and partnership services, such as audio, Web, and video conferencing services. In addition, the company provides wholesale voice services, counting voice termination and toll free services.
Pengrowth Energy Corp (USA) (NYSE:PGH)’s shares dropped -0.44% to $2.27.
Pengrowth Energy Corp (USA) (PGH) reported that production from the Lindbergh thermal project now exceeds the project’s nameplate capacity of 12,500 barrels per day (bbl/d). With all three well pads now on SAGD (steam assisted gravity drainage) production, the project is presently producing in excess of 13,000 bbl/d with an instantaneous steam oil ratio of 1.9. Installation of the remaining downhole electric submersible pumps (ESPs) was accomplished at the end of May and all producing wells now have ESPs in place. Production rates from the commercial project continue to enhance, tracking the performance of the two pilot well pairs which have now been on production for over three years and which have been integrated into the commercial project. The project remains on track with continued ramp-up of production predictable through the remainder of 2015, ultimately achieving production rates of 16,000 bbl/d by the end of the year.
Pengrowth also declares that its July 15, 2015 cash dividend will be Cdn $0.02 per common share. The ex-dividend date is June 18, 2015. The dividend will be payable to all shareholders who hold Pengrowth shares at the close of business on the record date of June 22, 2015.
The dividend of Cdn $0.02 per common share is equivalent to about U.S. $0.016 per common share using a Canadian/U.S. dollar exchange rate of Cdn $1.00:U.S. $0.804. The actual U.S. dollar equivalent of the dividend will be based upon the actual Canadian/U.S. dollar exchange rate in effect on the payment date, net of applicable Canadian withholding taxes for U.S. residents who hold their Pengrowth shares in taxable accounts.
Pengrowth Energy Corporation engages in the acquisition, development, exploration, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. It primarily explores for crude oil, bitumen, natural gas, and natural gas liquids.
At the end of Thursday’s trade, Callon Petroleum Company (NYSE:CPE)‘s shares surged 3.51% to $7.38.
Callon Petroleum Company (CPE) recently declared that it will host a conference call on Thursday, August 6, 2015, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to talk about second quarter financial and operating results. The Company plans to release second quarter 2015 results after the close of markets on Wednesday, August 5, 2015.
Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas properties in the Permian Basin in West Texas. As of December 31, 2014, its estimated net proved reserves totaled 32.8 million barrel of oil equivalent, counting 25.7 million barrels of oil and 42.5 billion cubic feet of natural gas. The company was founded in 1950 and is headquartered in Natchez, Mississippi.
Air Products & Chemicals, Inc. (NYSE:APD), ended its Thursday’s trading session with -0.55% loss, and closed at $132.26.
Air Products (NYSE:APD) will highlight the reliability and efficiency of its medical oxygen supply systems—counting high efficiency systems that reduce oxygen loss and systems for emergency oxygen supply—at the 52nd ASHE Annual Conference and Technical Exhibition in Boston, Mass., from July 12-15.
ASHE attendees are invited to stop by Air Products booth 913 to learn how the company can assist reduce their oxygen usage by as much as 30 percent, change out their gas storage tank with no service interruption, and provide solutions that can assist them meet the needs of their patients—quickly, effectively, and safely.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates in Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy segments. The Merchant Gases segment sells atmospheric gases, such as oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, and carbon dioxide; specialty gases; temporary gas supply services; and equipment for the metals, glass, electronics, chemical processing, food processing, healthcare, general manufacturing, and petroleum and natural gas industries.
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