On Tuesday, Discovery Communications Inc. (NASDAQ:DISCA)’s shares inclined 0.06% to $33.95.
Discovery Communications Inc. (DISCA) uncovered the winners of the third annual Belk Service Learning Challenge. Designed to support educators, and based on research that students who participate in service learning initiatives demonstrate improved problem-solving skills and increased interest in academics, the challenge encouraged middle school students to help improve their communities through undertaking a service-learning project of their choice.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
Cobalt International Energy, Inc. (NYSE:CIE)’s shares gained 3.63% to $10.28.
Cobalt International Energy, Inc. (CIE) an indirect, wholly-owned partner of Cobalt International Energy, Inc. (the “Company”), reached a Borrowing Base Facility Agreement (the “Facility Agreement”) with Socit Gnrale, as administrative agent, and certain other lenders. GOM#1 is the direct owner of the oil and gas leases, wells, production facilities and other assets and agreements associated with the Company’s Heidelberg development. GOM#1 does not own any of the Company’s other oil and gas assets. The Facility Agreement provides for a limited recourse $150 million senior secured reserve-based term loan facility. The proceeds of the loans under the Facility Agreement will be accessible to fund the majority of GOM#1’s share of the remaining Heidelberg field development costs, subject to the maintenance of a debt to equity ratio of the total investment in the Heidelberg development of no more than 70:30. GOM#1 may request that the commitments under the Facility Agreement be raised by up to an additional $100 million upon the satisfaction of certain conditions set forth in the Facility Agreement, and such enhance is subject to lender participation. In addition, GOM#1 may request a further commitment enhance by up to $400 million if GOM#1’s interest in the Heidelberg field is raised, with such enhance subject to lender participation.
The Company is a party to the Facility Agreement and has limited funding obligations thereunder. Until completion of the Heidelberg development in accordance with the current field development plan and certain other requirements set forth in the Facility Agreement (“Completion”), the Company has guaranteed to fund cost overruns that may be incurred up to an aggregate of $38.7 million. The Company agreed to cash collateralize 50% of its funding obligation in respect of cost overruns by depositing $19.4 million in a collateral account established following the terms of the Facility Agreement.
Cobalt International Energy, Inc., through its auxiliaries, engages in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar, and Orca in the offshore Angola; and Diaman in the offshore Gabon.
At the end of Tuesday’s trade, DryShips Inc. (NASDAQ:DRYS)‘s shares surged 3.29% to $0.754.
DryShips Inc. (DRYS) declared that Ocean Rig has launched an offering of its common stock, par value $0.01 per share. As part of this offering, George Economou, our Chairman, President and Chief Executive Officer, has indicated his intention to purchase, at the public offering price, a number of common shares that maintains his direct ownership in Ocean Rig, representing about five percent of its common stock.
Clarksons Platou Securities, Inc., Pareto Securities Inc. and Seaport Global Securities LLC are acting as joint lead managers, joint bookrunners and placement agents in the offering. Clarksons Platou Securities AS and Pareto Securities AS are acting as placement agents. Clarksons Platou Securities AS and Pareto Securities AS are not U.S. registered broker-dealers and to the extent that this offering is made within the United States, their activities will be effected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended. Ocean Rig intends to use the net proceeds from the offering for working capital and general corporate purposes, counting the acquisition of drilling rigs.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries. The Drilling segment offers ultra deep water drilling services.
Priceline Group Inc (NASDAQ:PCLN), ended its Tuesday’s trading session with 2.52% gain, and closed at $ 1,196.02.
A strong dollar overseas isn’t the only reason to travel to Europe this summer. With lower airfares from the U.S. to various European cities, travel to the continent is more affordable this summer than last, according to a recent data analysis from priceline.com, a leader in online and mobile travel and part of The Priceline Group of (PCLN).
The brand looked at airfare for recently reserved flights to European cities for June, July and August and uncovered 10 off-the-beaten-path destinations that have seen noteworthyfare decreases – some as much as 20 percent or more – year over year from 2014 to 2015. In particular, priceline.com customers have seized roundtrip airfares averaging less than $1,200 for destinations, counting St. Petersburg, Istanbul, and Thessaloniki. Destinations that are heating up – where ticket sales have at least doubled this year over last year – comprise Malta, Lyon, Sarajevo and Split.
The Priceline Group Inc. provides online travel and travel related reservation and search services. The company operates Booking.com, which provides online accommodation reservation services; and priceline.com that offers hotel, rental car, and airline ticket reservations services, in addition to vacation packages and cruises through its Name Your Own Price and Express Deals travel services.
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