On Friday, Cheniere Energy, Inc. (NYSEMKT:LNG)’s shares declined -2.36% to $75.18.
Cheniere Energy, Inc. (LNG) declared that its Board of Directors has made a positive Final Investment Decision (“FID”) with respect to its liquefaction project near Corpus Christi, Texas (the “CCL Project”) and has issued a notice to proceed (“NTP”) to Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) to construct the first two natural gas liquefaction trains. The CCL Project is designed for up to three trains with predictable aggregate nominal production capacity of about 13.5 million tonnes per annum (“mtpa”), three LNG storage tanks with capacity of about 10.1 Bcfe, two LNG carrier docks and a 22-mile, 48″ natural gas supply pipeline. The first train is predictable to start operations as early as 2018, with the second train predictable to commence operations about six to nine months thereafter.
Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business.
McDermott International (NYSE:MDR)’s shares dropped -2.09% to $4.67.
McDermott International (MDR) declared financial and operational results for the quarter ended March 31, 2015. The Company stated first quarter 2015 net loss of $14.5 million, or $0.06 per fully diluted share counting restructuring charges, contrast to a net loss of $46.5 million, or $0.20 per diluted share, in the preceding-year quarter. Net of restructuring charges, the first quarter 2015 loss would have been reduced by $10.4 million or $0.04 per fully diluted share.
First Quarter 2015 Operating Results
The Company stated first quarter 2015 revenues of $550.5 million, a decrease of $53.3 million contrast to revenues of $603.8 million for the preceding-year first quarter. Revenues for the first quarter 2015 were affected by weather and third-party performance delays on the Company’s INPEX project, in addition to customer initiated changes on Middle East brownfield projects that influenced the timing of vessel mobilization.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.
At the end of Friday’s trade, Cameco Corporation (USA) (NYSE:CCJ)‘s shares dipped -1.99% to $15.28.
Cameco Corporation (USA) (CCJ) declared election of directors and the start of commercial production at the Cigar Lake operation at its annual general meeting recently.
Commercial production signals a transition in the accounting treatment for costs incurred at the mine. During May, Cameco met all of the criteria for commercial production, counting cycle time and process specifications. Therefore, effective May 1, 2015, all production costs, counting depreciation, will be charged to inventory and subsequently recognized in cost of sales as the product is sold as revealed in our first quarter administration talk about and analysis.
Mining at Cigar Lake began in March 2014, with the first packaged uranium concentrate accessible in October 2014. The operation remains on track to achieve in 2015 the annual production target of 6 million to 8 million packaged pounds (100% basis). Cameco anticipates Cigar Lake to ramp up to its full annual production rate of 18 million pounds (100% basis) by 2018 (Cameco’s share 9 million pounds). The mine employs more than 600 highly-skilled workers, with the majority being residents of Saskatchewan’s north.
Cameco Corporation produces and sells uranium worldwide. The company operates through Uranium, Fuel Services, and NUKEM segments. The Uranium segment is involved in the exploration for, mining, and milling of uranium concentrates. Its operating uranium properties comprise the McArthur River and Key Lake, Cigar Lake, and Rabbit Lake properties located in Saskatchewan, Canada; the Smith Ranch-Highland property located in Wyoming; the Crow Butte property located in Nebraska; and the Inkai property located in Kazakhstan.
Best Buy Co Inc (NYSE:BBY), ended its Friday’s trading session with -2.35% loss, and closed at $34.33.
The Board of Directors of Best Buy Co Inc (BBY) has authorized the payment of a regular quarterly cash dividend of $0.23 per common share. The quarterly dividend is payable on July 2, 2015, to shareholders of record as of the close of business on June 11, 2015. The company had 353,229,891 shares of common stock issued and outstanding as of May 2, 2015.
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics consisting primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.
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