The asset sales does not include about 2.5 million mineral acres derived from the land grant in Colorado, included the DJ Basin in Colorado and the Powder River Basin in Wyoming. Post-Market 0.04 (0.12%) The company said it expects to produce 680 million gallons a year of renewable diesel, renewable gasoline and sustainable jet fuel. The company said the bankruptcy will help implement a restructuring support agreement with its creditors holding nearly all of its outstanding 9.5% senior unsecured notes due 2026. Another Analyst Has Weighed in on Rocket. NYSEArca - NYSEArca Delayed Price. The company swung to a net loss of $1.08 billion, or 26 cents a share, from net income of $3.13 billion, or 73 cents a share, in the year-ago period. The stock rose 2.4% in afternoon trading.
Find the latest SPDR Select Sector Fund - Energ (XLE) stock quote, history, news and other vital information to help you with your stock trading and investing. Terms of the bankruptcy include payment of substantially all trade claims in the ordinary course, cancellation of current equity, conversion of $450 million of existing pre-petition debt into equity of the reorganized company and a $40 million rights offering for new secured convertible notes. If you have an ad-blocker enabled you may be blocked from proceeding. The stock, which ticked up 0.1% in afternoon trading, has shed 42.4% year to date, while the SPDR Energy Select Sector ETF has lost 36.3% and the S&P 500 has gained 4.4%.Shares of Marathon Petroleum Corp. rallied 3.0% in premarket trading Wednesday, after Cowen analyst Jason Gabelman upgraded the oil refining, marketing and transportation company, saying he believes the market is underappreciating the capitalization improvement as a result of the $21 billion sale of its Speedway convenience-store chain, which was announced earlier this month. It is also destroyed automatically for you when the symbol is changed.Like all ChartIQ markers, the object itself is managed by the chart, so when you scroll the chart the object moves with you. Oil operators are able to sell assets to domestic companies: Wolfe Research's Sam Margolin XLE 34.87 0.11 (0.31%). This includes restructuring opportunities that could be particularly attractive if the long-term margin outlooks dims and a potential cost-cutting program to bring opex more in-line with peers." They show where money's going nextWeekly Wrap: Microsoft hit harder than Apple by the tech shakeoutWTI crude drops below $40 for first time in a month Among the changes will be moving to four divisions from 17 product lines and structuring geographically around five key basins of activity. "Although we forewarned that Q2 will decline severely, the drop as been sharper than expected, due not only to the severe decline in North America land activity, but also due to the COVID-related disruptions in the international markets," Chief Executive Olivier Le Peuch said at the JP Morgan 2020 Energy, Power & Renewables Conference. The oil and gas exploration and production company's stock, which fell 0.5% in afternoon trading, has tumbled 66.3% year to date, while the SPDR Energy Select Sector ETF has dropped 37.8% and the S&P 500 has gained 4.8%.Phillips 66 said Wednesday that it will stop producing fuels from crude oil at its San Francisco Refinery in Rodeo, Calif., and that it will reconfigure the refinery to produce renewable fuels. Real Time Quote The Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Energy Select Sector Index.
"We see 15% upside from equity today on the deal itself, in-line with upside to other large cap peers," Gabelman wrote in a note to clients. "The global pandemic and oversupply conditions significantly impacted our second quarter financial results with lower prices, margins, and sales volumes," said Chief Executive Darren Woods. "This transaction significantly advances the progress against our $2 billion plus divestiture target for 2020," said Occidental Chief Executive Vicki Hollub. It is also destroyed automatically for you when the symbol is changed.Like all ChartIQ markers, the object itself is managed by the chart, so when you scroll the chart the object moves with you. Tesla's Next Gear Higher "However, we see additional upside not contemplated in our price target and independent of improving refining margins or crude differentials. It is also destroyed automatically for you when the symbol is changed.To set your timezone use the location button below, or scroll through the following list...Got a confidential news tip? Energy Select Sector SPDR.
The company will take associated crude oil pipelines out of service in phases, starting in 2023. Hi-Crush said it has received commitments for $65 million in debtor-in-possession and exit financing, as the company said it will continue to operate its business during the bankruptcy. By using this site you agree to the
The stock had plunged 82.7% year to date through Thursday, while the SPDR Energy Select Sector ETF has lost 40.8% and the S&P 500 has slipped 1.4%.Schlumberger Ltd. said Tuesday that it has initiated "major changes" to its organizational structure, aimed at permanently removing over $1.5 billion in costs on an annual basis. The changes will result in $1.2 billion to $1.4 billion in cash costs from both restructuring moves and headcount reductions. Performance charts for Energy Select Sector SPDR Fund (XLE - Type ETF) including intraday, historical and comparison charts, technical analysis and trend lines.
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