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Cruise stocks down but still attractive despite coronavirus, analysts say

9 hours ago NAMEX Comments Off on Cruise stocks down but still attractive despite coronavirus, analysts say
Since the outbreak of the COVID-19 virus, the $45-billion cruise industry has come under significant pressure, with shares of ship operators falling over the last month. Analysts, however, see some positive trends coming. Stocks of major cruise operators, Royal Caribbean and Norwegian Cruise Line, have slid more than 16 percent and 11 percent respectively so Read More

Peyto Increases PDP Liquids 23% in 2020, Replaces 285% of Produced Liquids

12 hours ago NAMEX Comments Off on Peyto Increases PDP Liquids 23% in 2020, Replaces 285% of Produced Liquids
CALGARY, Alberta, Feb. 19, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2019. The evaluation encompassed 100% of Peyto’s reserves and was conducted by InSite Petroleum Consultants (“InSite”). The year 2019 Read More

Cuda Oil and Gas Inc. Reports Significant Increases in Oil and Liquid Reserves

1 day ago NAMEX Comments Off on Cuda Oil and Gas Inc. Reports Significant Increases in Oil and Liquid Reserves
CALGARY, Alberta, Feb. 19, 2020 (GLOBE NEWSWIRE) — Cuda Oil and Gas Inc. (“Cuda” or the “Company”) (TSXV: CUDA) releases the results of its 2019 year-end oil and gas reserves evaluation for Wyoming and Alberta. In 2019, Cuda made significant progress in maturing and developing its major asset, the Barron Flats Shannon Secondary Recovery Unit Read More

New York drops fight against T-Mobile-Sprint merger

4 days ago NAMEX Comments Off on New York drops fight against T-Mobile-Sprint merger
NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), saying the state would not appeal a judge’s approval of the deal. FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration Read More

UPDATE 2-New York drops fight against T-Mobile-Sprint merger

4 days ago NAMEX Comments Off on UPDATE 2-New York drops fight against T-Mobile-Sprint merger
NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), saying the state would not appeal a judge’s approval of the deal. FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration Read More

Ex-Alembic executive pleads guilty in U.S. generic drug price-fixing scheme

6 days ago NAMEX Comments Off on Ex-Alembic executive pleads guilty in U.S. generic drug price-fixing scheme
WASHINGTON (Reuters) – A former executive of Alembic Pharmaceuticals Ltd pleaded guilty on Friday to participating in a scheme to fix prices for generic medicines. The Justice Department said former executive Hector Armando Kellum had pleaded guilty to working to fix the prices of clobetasol, used to treat eczema and psoriasis, and nystatin triamcinolone cream, Read More

SBM Offshore 2019 Full Year Earnings

1 week ago NAMEX Comments Off on SBM Offshore 2019 Full Year Earnings
Guidance delivered, doubling dividend, share repurchase and backlog up 40% February 13, 2020 Highlights 2019 guidance delivered: Directional1 revenue US$2,171 million; reported Directional EBITDA US$921 million Underlying2 Directional EBITDA US$832 million US$6 billion net increase of pro-forma backlog3 to US$21 billion 100% increase in dividend to US$150 million Launch of EUR150 million (c. US$165 million) Read More

Bed Bath & Beyond’s gloomy sales indicate tough turnaround ahead

1 week ago NAMEX Comments Off on Bed Bath & Beyond’s gloomy sales indicate tough turnaround ahead
(Reuters) – Shares of Bed Bath & Beyond Inc (BBBY.O) were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall Street that the retailer’s turnaround would take longer and be much tougher than anticipated. Shopping carts are stacked up at a Bed Bath & Beyond store in Read More

Cenovus delivers strong 2019 financial and operating performance

1 week ago NAMEX Comments Off on Cenovus delivers strong 2019 financial and operating performance
CALGARY, Alberta, Feb. 12, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continued to gain momentum in 2019, generating free funds flow of $361 million in the fourth quarter and approximately $2.5 billion for the year, reducing net debt by 22% year-over-year and completing construction on its Christina Lake phase G oil Read More

U.S. Department of Energy Approves Texas LNG to Export LNG to non-FTA Countries

1 week ago NAMEX Comments Off on U.S. Department of Energy Approves Texas LNG to Export LNG to non-FTA Countries
Houston, Texas, USA, Feb. 11, 2020 (GLOBE NEWSWIRE) — Texas LNG Brownsville LLC announces that the United States Department of Energy (“DOE”) has authorized Texas LNG Brownsville LLC (“Texas LNG”) to export U.S-sourced liquefied natural gas (“LNG”) to any country with which the United States has not entered into a Free Trade Agreement and with Read More