On Monday, Shares of Williams Companies Inc (NYSE:WMB), added 0.13% and closed at $30.14 in the last trading session. The last trading range of the stock ranges between $29.61 and $30.67. Williams Partners L.P. (WPZ) recently declared it has accomplished the execution of a new gas gathering agreement with Total’s U.S. associates (“Total”), the successor to Chesapeake Energy’s (CHK) properties in the Barnett Shale.
The Barnett agreement with Total follows a formerly declared agreement with Chesapeake Energy that provides accelerated upfront cash payments to Williams Partners totaling $754 million ($334 million from Chesapeake and $420 million from Total), in addition to new terms and conditions under which Williams Partners will provide gas gathering services to Total through 2029.
Towerstream Corporation (NASDAQ:TWER), jumped 15.38% and closed at $0.900 in the last trading session. The last trading range of the stock ranges between $0.84 and $1.03. The company’s Market capitalization is $7.97 million with the total Outstanding Shares of 8.83 million. Towerstream Corporation (TWER) (the “Company”), a leading Fixed-Wireless Fiber Alternative company, offered guidance for the quarter ending September 30, 2016 and the forthcoming earnings call.
Adjusted EBITDA from Continuing Operations was $525K apart from non-recurring expenses for the quarter ended September 30, 2016.
Towerstream’s second-plus customer On-Net installs are up 65% from Q2 to Q3, the most cost efficient sales Towerstream can make.
Towerstream’s On-Net customer base raised 18% and On-Net buildings raised from 265 to 337 from Q2 to Q3.
Towerstream reduced its long-term debt by $5M from $37M to $32M.
A conference call to discuss results for the third quarter 2016 will be held on November 16, 2016 at 5:00 p.m. ET, during which Chairman and Interim Chief Executive Officer, Philip Urso, Chief Operating Officer, Arthur Giftakis, and Chief Financial Officer, Frederick Larcombe, will review the Company’s financial results and provide an update on current business developments.
Cabot Oil & Gas Corporation (NYSE:COG), gained 2.63% and closed at $21.89 in the last trading session. The last trading range of the stock ranges between $21.29 and $21.89. Company stock’s 52-week range is $14.88 – $26.74 Cabot Oil & Gas Corporation, an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. The company mainly focuses on the Marcellus Shale in northeast Pennsylvania with about 200,000 net acres in the dry gas window of the play; and the Eagle Ford Shale in south Texas with about 85,500 net acres in the oil window of the play. It also transports, stores, gathers, and purchases natural gas for resale.