On Tuesday, Shares of PG&E Corporation (NYSE:PCG), subtract 2.32% and closed at $58.82 in the last trading session. The last trading range of the stock ranges between $58.46 and $60.22. PG&E Corporation (PCG) will hold a conference call for members of the financial community on November 4, 2016, at 11:00 a.m. Eastern Time to discuss its third quarter 2016 results. The public can access the conference call via a simultaneous webcast. The link is offered below and will also be available from the PG&E Corporation website.
Alternatively, a toll-free replay of the conference call may be accessed shortly after the live call through November 18, 2016, by dialing (866) 415-9493. International callers may dial (205) 289-3247. For both domestic and international callers, the confirmation code 1659# will be required to access the replay. `
Continental Resources, Inc. (NYSE:CLR), dropped -2.15% and closed at $51.84 in the last trading session. The last trading range of the stock ranges between $51.61 and $53.64. The company’s Market capitalization is $19.80 Billion with the total Outstanding Shares of 374.56 million. Continental Resources, Inc. (CLR) (the “Company”) declared recently that it will redeem all of its outstanding 7 3/8% Senior Notes due 2020 (the “2020 Notes”) and 7 1/8% Senior Notes due 2021 (the “2021 Notes”) on November 10, 2016, the redemption date for both the 2020 Notes and 2021 Notes.
The redemption price for the 2020 Notes will be equal to 102.458% of the principal amount plus accrued and unpaid interest, if any, to the redemption date of November 10, 2016 in accordance with the terms of the 2020 Notes and the related indenture under which the 2020 Notes were issued. The aggregate principal amount of the 2020 Notes outstanding is $200 million.
The redemption price for the 2021 Notes will be equal to 103.563% of the principal amount plus accrued and unpaid interest, if any, to the redemption date of November 10, 2016 in accordance with the terms of the 2021 Notes and the related indenture under which the 2021 Notes were issued. The aggregate principal amount of the 2021 Notes outstanding is $400 million.
John Hart, Chief Financial Officer, commented, “We are happy to declare the Company is calling its 2020 Notes and 2021 Notes totaling $600 million. We expect to fund the redemptions from proceeds of our 2016 accomplished and pending asset divestitures. Once these bonds are redeemed, we expect total outstanding debt to be about $6.6 billion, down from about $7.2 billion at June 30, 2016. We will continue to consider options to further reduce debt while increasing cash flow from operations.”
UBS Group AG (USA)(NYSE:UBS), jumped 2.29% and closed at $13.83 in the last trading session. The last trading range of the stock ranges between $13.66 and $13.86. During the 52-week trading session the minimum price at which share price traded, registered at $11.93 and reached to max level of $20.70. UBS Wealth Administration’s Wayne Gordon discusses the outlook for iron ore and oil prices with Bloomberg’s Rishaad Salamat on “Trending Business.” (Source: Bloomberg)