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Monday 10 August 2015
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Pre-Market Stocks Roundup: T-Mobile US (NYSE:TMUS), Bonanza Creek Energy (NYSE:BCEI), Columbia Pipeline Group (NYSE:CPGX), Eldorado Gold (NYSE:EGO)

On Thursday, T-Mobile US Inc (NYSE:TMUS)’s shares declined -0.79% to $40.42.

As T-Mobile’s [ TMUS] breakthrough new ‘Mobile without Borders’ launches in stores and online recently extending Simple Choice coverage and calling across North America at no extra charge, MetroPCS, the Un-carrier’s flagship prepaid brand, is joining in the cross-border fun. Recently, T-Mobile launched MetroPCS Mexico Unlimited®, building on the same philosophy and partnerships behind ‘Mobile without Borders’ but tailored for MetroPCS customers. Mexico Unlimited expands MetroPCS customers’ coverage and calling throughout Mexico. More than just a ‘roaming plan,’ Mexico Unlimited means MetroPCS customers can use their phones in Mexico just like they do at home and call Mexico all they want.

Even better, customers who add Mexico Unlimited to their plan on or before August 31st will get it at absolutely no extra charge until 2016 – and it’s just $5 per month per line after that.

T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, such as smartphones, tablets, and other mobile communication devices, in addition to accessories, which are manufactured by various suppliers. It offers services, devices, and accessories through its owned and operated retail stores, in addition to through its Websites.

Bonanza Creek Energy Inc (NYSE:BCEI)’s shares gained 7.22% to $7.28.

Bonanza Creek Energy, Inc. (BCEI) stated its second quarter 2015 financial and operating results. The Company formerly declared revisions to its agreements with its gas processing providers in the Rocky Mountain region allowing it to report operated sales volumes in three streams (oil, NGLs and natural gas) effective January 1, 2015. Unless noted, all references to barrel of oil equivalent (boe) volumes related to activities accomplished in the Rocky Mountain region during 2014 have incorporated 6:1 gas to liquids conversion of two-stream (oil and wet gas) volumes.

Highlights from second quarter 2015 and current operations comprise:

  • Sales volumes grew to 28.0 Mboe/d representing a 14% enhance contrast to estimated 3-stream sales volumes in the second quarter of 2014(1) and 2% contrast to first quarter 2015
  • Raised Rocky Mountain region sales volumes by 21% contrast to second quarter 2014(1), to 22.7 Mboe/d and 4% contrast to first quarter 2015
  • Estimated sales volumes(2) for the first 20 days in July were 29.4 Mboe/d, an all-time record for the Company
  • Current Wattenberg Field standard 4,000 foot lateral (“SRL”) well costs are $3.4-3.5 million vs. $3.6 million during the second quarter
  • First BCEI operated long reach lateral on northern acreage in the Wattenberg Field tracking to a 9,000 foot lateral (“XRL”) equivalent EUR of 680 Mboe

Bonanza Creek Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of onshore oil and associated liquids natural gas in the United States. The company’s oil and liquids weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas. It also owns and operates oil-producing assets in the North Park Basin in Colorado; and the McKamie Patton Field in Southern Arkansas.

At the end of Thursday’s trade, Columbia Pipeline Group Inc (NYSE:CPGX)‘s shares dipped -0.22% to $27.34.

The Board of Directors of Columbia Pipeline Group, Inc. (CPGX) approved a quarterly dividend payment of 12.5 cents per share, payable August 20, 2015, to common stockholders of record at the close of business July 31, 2015.

Columbia Pipeline Group, Inc., together with its auxiliaries, owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets. It owns about 15,000 miles of interstate gas pipelines from New York to the Gulf of Mexico; and natural gas storage systems with about 300 million dekatherms (MMDth) of working gas capacity, in addition to related gathering and processing assets.

Eldorado Gold Corp (USA) (NYSE:EGO), ended its Thursday’s trading session with 0.78% gain, and closed at $3.22.

For the second quarter ended June 30, 2015, Eldorado Gold Corporation, (“Eldorado” or “the Company”) reports gold production of 181,160 ounces (Q2 2014: 200,551 oz) with average cash costs of $569 per ounce (Q2 2014: $489/oz). Adjusted net earnings for the quarter were $17.0 million ($0.02 per share) contrast to $35.9 million ($0.05 per share) in Q2 2014.

Second Quarter Highlights

Financial

  • Gold production of 181,160 ounces(counting production from tailings retreatment at Olympias).
  • Adjusted net earnings of$17.0 million ($0.02 per share). Net loss attributable to shareholders of the Company was $198.6 million ($0.28 per share), primarily due to the recorded impairment loss at Certej of $214.1 million (net of deferred income tax recovery).
  • Gold revenues were $204.2 millionon sales of 170,056 ounces of gold at an average realized gold price of $1,201 per ounce.
  • Liquidity of $824.8 million, counting $449.8 million in cash, cash equivalents and term deposits, and $375.0 million in undrawn lines of credit.

Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores. The company was formerly known as Eldorado Corporation Ltd. and changed its name to Eldorado Gold Corporation in April 1996. Eldorado Gold Corporation was founded in 1992 and is headquartered in Vancouver, Canada .

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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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