US News

For engineering and industrial Work Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division was awarded a $106 million contract to provide engineering and industrial support on U.S. Navy submarines, special mission submersibles, submarine support facilities and related programs. If all options are exercised, the total value of the contract will be...

How much are they worth? City National Corporation (NYSE:CYN) today announced that it has declared cash dividends on its outstanding series of preferred stock. A quarterly cash dividend of $13.75 per share was declared on its 5.50% Non-Cumulative Perpetual Preferred Stock, Series C (equivalent to $0.34375 per related depositary share), payable on August 13, 2015 […]

Civeo Corporation (NYSE:CVEO), one of the largest integrated providers of workforce accommodations, logistics and facility management services to the natural resource industry, today announced that it has completed the previously announced redomiciling of the Company to Canada, which was approved by Civeo stockholders at the 2015 Annual Meeting. Effective today, Civeo is a Canadian domiciled...

Fourth quarter fiscal 2015 net sales of $90.9 million; Full year net sales of $357 million – Fourth quarter fiscal 2015 GAAP loss of $0.02 per share; Non-GAAP adjusted net income of $0.14 per share; full year non-GAAP adjusted income of $0.58 per share – Fourth quarter fiscal 2015 operating cash generation of $10.8 million; […]

Google’s share price (NASDAQ:GOOG) launched like a rocket to reach a record high in early morning trading upon its second quarter operating results. Those results were so overwhelming that Google nearly single-handedly pulled the entire NASDAQ index (NASDAQI:COMPX) with it to reach a new record high of its own. Google hit a record high of […]

On Monday, July 13th 2015 the announcement of a third Greek bailout initially rallied the Euro, but the optimism was short lived as many doubts and obstacles remain. Over the next few weeks the Greek situation will continue to be front and center. Greek Prime Minister Tsipras needs to convince the Greek people to accept […]

Positive Drill Update, Shoats Creek Project, Louisiana Northcote (LSE:NCT) has announced that the Lutcher Moore #20 well targeting the Frio Formation at the Shoats Creek Project in Louisiana, successfully reached total depth of approximately 5,500 feet on 14 July 2015. Mud logs have indicated the presence of hydrocarbons in the targeted payzone, in line with […]

Some observers have already over-reported that the Iran “deal” will be driving the price of oil down as the first apparent reaction of oil prices was a 2% decline in brent crude to $56.67 per barrel this morning. As I have said repeatedly in this column, cause and effect are not necessarily closely related in […]

Preparing to Spud Shimanek #2 well and Q2 2015 Operations Update Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, has announced that drilling operations at the Magnolia operated and 94% owned Shimanek #2 vertical well in Oklahoma are expected to commence by the end of July 2015. Additionally, […]

California ISO selected a joint venture between Abengoa and Starwood Energy as the approved sponsor to finance, construct, own, operate and maintain the Delaney to Colorado River 500 kV transmission line project. Abengoa (NASDAQ:ABGB), the company that ‘applies innovative technology solutions for sustainability in the energy and environment sectors’, has announced that a project...