On Wednesday, Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)’s shares declined -4.71% to $9.71.
Petroleo Brasileiro Petrobras SA (ADR) (PBR) which has been burdened by a corruption and bribery scandal since last year, confirmed Wednesday that it will release its first-quarter 2015 results on Friday, May 15 after the market close and that it will be in a quiet period until that time.
During this quiet period, the company will not be able to provide clarifications or speak about any information related to results and perspectives.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. It’s Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
Precision Drilling Corp (USA) (NYSE:PDS)’s shares dropped -4.10% to $7.26.
Precision Drilling Corp (USA) (PDS) will hold its Annual Meeting of Shareholders on Wednesday, May 13, 2015. The meeting will be held at the Calgary Petroleum Club, Devonian Room, 319 - 5th Avenue S.W. Calgary, Alberta commencing at 3:00 p.m. MT on Wednesday, May 13, 2015.
A live webcast of the Annual Meeting followed by a presentation by Kevin Neveu, Precision’s President & Chief Executive Officer, will be accessible on Precision’s website at www.precisiondrilling.com by selecting “Investor Centre”, then “Webcasts”.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services.
At the end of Wednesday’s trade, Crestwood Midstream Partners LP (NYSE:CMLP)‘s shares dipped -1.80% to $15.31.
Crestwood Midstream Partners LP (CMLP) stated its financial and operating results for the three months ended March 31, 2015.
In a separate press release issued recently, Crestwood Equity Partners LP (“Crestwood Equity”) and Crestwood Midstream declared the execution of a definitive agreement to merge the two partnerships and simplify Crestwood’s corporate structure into a single publicly-traded partnership with a merged enterprise value of about $7.5 billion. Under the terms of the agreement, each common unitholder of Crestwood Midstream will receive 2.75 common units of Crestwood Equity upon closing of the transaction. Completion of the transaction is subject to the approval of Crestwood Midstream’s unitholders and customary closing conditions. The transaction is predictable to close in the third quarter 2015.
Crestwood Midstream Partners LP provides gathering, processing, storage, and transportation solutions to customers in the crude oil, natural gas liquids (NGL), and natural gas sectors of the energy industry in the United States.
Bellatrix Exploration Ltd (NYSE:BXE), ended its Wednesday’s trading session with -3.26% loss, and closed at $2.97.
Bellatrix Exploration Ltd (BXE) remains committed to successfully navigating the current pricing environment while sustaining long term value for our shareholders. Bellatrix’s low cost structure and high quality asset base provide considerable benefits during challenging periods within the commodity price cycle.
First quarter 2015 activity was focused on three principal initiatives. Firstly, the Company efficaciously executed on several critical path items on construction of Phase 1 of the Bellatrix O’Chiese Nees-Ohpawganu’ck deep-cut gas plant in the Alder Flats area of Alberta (“Bellatrix Alder Flats Plant”) and the plant remains firmly on plan to meet our previous guidance for start-up on or before July 1, 2015. Secondly, drilling and completion activity was directed toward high rate of return wells, counting a greater focus on our high impact and low finding cost Spirit River opportunities which will attract the majority of drilling and completion capital in 2015. Finally, Bellatrix remains committed to maintaining its position as a low cost finder and operator, ongoing our emphatic approach to reduce costs and improve our full cycle corporate profitability.
Bellatrix Exploration Ltd. engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan.
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