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Wednesday 22 April 2015
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Yesterday’s Worst Performers: KB Home (NYSE:KBH), Carrizo Oil & Gas, (NASDAQ:CRZO), Helix Energy Solutions Group (NYSE:HLX), Centurylink (NYSE:CTL)

On Thursday, KB Home (NYSE:KBH)’s shares declined -2.60% to $15.75.

Yesterday, KB Home (KBH), declared the grand opening of its Katella community in Las Vegas, where the builder plans to construct 40 new single-family homes. Conveniently located near I-215, KB Home’s Katella is just a short drive to the Las Vegas Strip and Summerlin, close to major employment centers, shopping and entertainment.

Homeowners at KB Home’s Katella will be able to enjoy an array of world-class restaurants, boutiques and exceptional outdoor activities nearby. Homebuyers with children, and those looking to start a family, will be happy to know that well-regarded schools, such as Batterman Elementary School, which is within walking distance of Katella, and Victoria Fertitta Middle School, are close by.

KB homes at Katella are accessible in five two-story floor plans, ranging in size from 1,644 to 2,469 square feet, with up to six bedrooms and three-and-a-half baths. Priced from the mid-$200,000s, the KB homes in this community all comprise open floor plans with customizable flex space and spacious family-style kitchens. Some floor plans also have downstairs bedrooms with large walk-in closets and baths.

KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.

Carrizo Oil & Gas, Inc (NASDAQ:CRZO)’s shares dropped -2.53% to $54.27, during the last trading session on Thursday.

On April 14, Carrizo Oil & Gas, Inc. declared that it has priced an underwritten public offering of $650.0 million aggregate principal amount of senior notes due 2023 under its existing shelf registration statement. The offering was upsized to $650.0 million aggregate principal amount from the original offering size of $600.0 million aggregate principal amount. The offering is predictable to close on April 28, 2015, subject to customary closing conditions. Concurrent with the notes offering, Carrizo is conducting a cash tender offer for any and all of its 8.625% Senior Notes due 2018 in addition to a conditional call for redemption of the 8.625% senior notes that are not repurchased following the tender offer preceding to the redemption date. The tender offer and conditional redemption are both subject to a number of conditions that may be waived or changed.

Carrizo Oil & Gas, Inc., together with its auxiliaries, engages in the exploration, development, and production of oil and gas primarily in the United States. The company holds interests in crude oil plays and projects, counting Eagle Ford Shale in Texas; the Niobrara Formation located in Colorado; the Utica Shale in Ohio; and the Marcellus Shale located in Pennsylvania.

At the end of Thursday’s trade, Helix Energy Solutions Group Inc (NYSE:HLX)‘s shares dipped -2.53% to $16.58.

On April 6, Helix Energy Solutions Group Inc. will issue a press release reporting its financial and operational results for the first quarter of 2015 on Monday, April 20, 2015 after the market closes.

Helix will host a conference call to review its first quarter results on Tuesday, April 21, 2015 at 9:00 a.m. (CDT).

Helix Energy Solutions Group, Inc., together with its auxiliaries, provides specialty services to the offshore energy industry primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Subsea Construction. It engineers, manages, and conducts well construction, intervention, and abandonment operations in water depths ranging from 200 to 10,000 feet; and operates remotely operated vehicles (ROVs), trenchers, and ROVDrills for offshore construction, maintenance, and well intervention services.

Centurylink Inc (NYSE:CTL), ended its Thursday’s trading session with -2.51% loss, and closed at $35.28.

On April 13, Centurylink Inc. declared that it added reliable, sustainable power infrastructure to its Irvine, California, data center through the installation of Bloom Energy fuel cells.

“Synchronizing the fully commissioned Bloom Energy fuel cells to our electrical infrastructure supports the escalating power demands for network and IT infrastructure in an environmentally sustainable way,” said David Meredith, senior vice president at CenturyLink. “Businesses that use multi-tenant data centers and cloud-based solutions, like those offered by CenturyLink, are contributing to a better environment, which is further improved by technologies such as Bloom Energy.”

The Bloom Energy Servers use fuel cell technology to generate electricity through a clean electrochemical process using air and natural gas. Bloom delivers improved sustainability benefits, counting high efficiency, small physical footprint and reduced water use.

CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer. The company offers broadband services, which allow customers to connect to the Internet through their existing telephone lines or fiber-optic cables; private line services for transmission of large amounts of data between sites; and multi-protocol label switching, a data networking technology to support real-time voice and video.

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