On Tuesday, Penn Virginia Corporation(NYSE:PVA)’s shares inclined 6.48% to $1.15.
Penn Virginia Corporation (PVA) declared that it has closed the formerly declared sale of its East Texas assets. The net cash proceeds from the sale were about $74 million, counting customary closing adjustments.
Pro forma for the East Texas divestiture, at June 30, 2015, our total debt ratio and credit exposure ratio, defined as all outstanding borrowings under our revolving credit facility (Revolver) plus any outstanding letters of credit, were 3.6 times and 0.4 times trailing twelve months’ pro forma Adjusted EBITDAX, respectively, with $138 million outstanding under our revolving Revolver and financial liquidity of $259 million. This compares to total debt and credit exposure ratios of 3.7 times and 0.6 times, respectively, with $212 million outstanding under the Revolver and financial liquidity of $215 million as of June 30, 2015.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States. The companys operations comprise the drilling of unconventional horizontal development wells in the Eagle Ford Shale in South Texas. It also has operations in the Granite Wash in Oklahoma, and the Haynesville Shale and Cotton Valley in East Texas.
Leucadia National Corp.(NYSE:LUK)’s shares gained 2.95% to $20.92.
As declared in January, Leucadia National Corporation (LUK) will host an investor meeting on Thursday, October 8, 2015, from 9:00 a.m. to 5:00 p.m. in Manhattan. The meeting will comprise in-person administration presentations from Richard B. Handler, our Chief Executive Officer, Brian P. Friedman, our President, various members of our executive team, and the leaders of our auxiliaries and investee companies. We will also provide an opportunity to present questions to administration. The Investor Day Agenda is attached.
To register to attend the Investor Meeting in person or to listen on a secure conference line, qualified investors should provide their contact information and preferred mode of participation via the Leucadia website: http://investorcall.leucadia.com by 2:00 p.m. on October 7, 2015. Only registered and approved guests will be allowed to take part.
Leucadia National Corporation, through its partner, Jefferies Group LLC, primarily operates in the investment banking and capital markets sector. Leucadia National Corporation also owns and holds investments in various other businesses, counting beef processing, manufacturing, energy projects, asset administration, and real estate. It offers equities research, sales, and trading services; financing, securities lending, and other prime brokerage services; wealth administration services; fixed income sales and trading services; futures, foreign exchange, and commodities trading services; and equity and debt capital markets services, in addition to provides mergers and acquisition, and restructuring and recapitalization services in the Americas, Europe, and Asia.
At the end of Tuesday’s trade, Intuit Inc. (NASDAQ:INTU)‘s shares surged 3.07% to $87.74.
Intuit Inc. (INTU) will host its annual Investor Day on Thursday, Sept. 17 from 8 to 11:30 a.m. Pacific time at its Mountain View, Calif. headquarters.
Chief Executive Officer Brad Smith and Chief Financial Officer Neil Williams will be joined by business leaders to talk about Intuit’s strategy for fiscal year 2016. The company’s fiscal year runs from Aug. 1 to July 31.
Intuit Inc. provides business and financial administration solutions for small businesses, consumers, and accounting professionals primarily in the United States, Canada, the United Kingdom, Australia, India, and Singapore. The company’s Small Business segment provides QuickBooks financial and business administration online services and desktop software; QuickBooks technical support services; financial supplies; and QuickBooks Accountant, QuickBooks Accountant Plus, and QuickBooks Online Accountant, in addition to the QuickBooks ProAdvisor Program for the accounting professionals.
Cadence Design Systems Inc(NASDAQ:CDNS), ended its Tuesday’s trading session with 2.76% gain, and closed at $20.85.
Cadence Design Systems, Inc. (CDNS) declared it will be showcasing how it leverages the TSMC Open Innovation Platform® (OIP) to optimize customer designs and manufacturing efficiency to ensure first-time product success on the 10nm FinFET (10FF) process at TSMC 2015 OIP Ecosystem Forum. The event is being held on September 17, 2015, at the Santa Clara Convention Center.
Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide.
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