On Wednesday, Shares of Oasis Petroleum Inc. (NYSE:OAS), added 3.90% and closed at $11.73 in the last trading session. The last trading range of the stock ranges between $11.42 and $11.90. Oasis Petroleum Inc. (“Oasis” or “the Company”) (OAS) declared recently the exercise by the underwriters of the full over-allotment option of $25.0 million aggregate principal amount of its 2.625% senior unsecured convertible notes due 2023 (the “Notes”). The over-allotment option was granted to the underwriters by the Company in connection with the formerly consummated offering of $275 million aggregate principal amount of the Notes. Settlement of the sale of additional Notes is expected to occur on September 30, 2016, subject to customary closing conditions. Oasis intends to use the net proceeds from the sale of additional Notes for general corporate purposes, which may include redemptions or repurchases of its existing senior notes.
RBC Capital Markets acted as sole structuring advisor and RBC Capital Markets and Citigroup acted as lead joint book-running managers for the offering, and Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan and Wells Fargo Securities acted as joint book-running managers for the offering. The Notes were offered and sold following an effective shelf registration statement that was formerly filed with the Securities and Exchange Commission. This offering was made only by means of a prospectus dated July 15, 2014 and related prospectus supplement dated September 14, 2016.
B2Gold Corp (NYSEMKT:BTG), DROPPED -2.55% and closed at $2.29 in the last trading session. The last trading range of the stock ranges between $2.25 and $2.42. The company’s Market capitalization is $2.21 Billion with the total Outstanding Shares of 928.73 Million. B2Gold Corp. (BTO.TO)(NYSE MKT:BTG)(NAMIBIAN:B2G) (“B2Gold” or the “Company”) reports that it has been notified with regards to the following:
SHOW-CAUSE ORDER BECAUSE OF DENR MINE AUDIT REPORT
Recently in the Philippines through a press conference the Department of Environment and Natural Resources (DENR) declared the results of the nationwide audit of metallic mines. DENR spokespersons informed us that the Masbate Gold Project (MGP) will be offered a Show-Cause Order related to the operations of Filminera Resources Corporation (FRC) and Philippine Gold Processing and Refining Corporation (PGPRC) at the Masbate Gold Project.
Based on the reference to the three findings indicated in the brief received recently and based on our subsequent meeting with the Secretary of DENR, B2Gold is confident that these issues will be resolved by working with the government agencies, in the time frame offered. None of the findings involve any environmental or social issues. They are related to administrative issues only.
Duke Energy Corp (NYSE:DUK), LOST -0.48% and closed at $77.09 in the last trading session. The last trading range of the stock ranges between $76.93 and $78.37. During the 52-week trading session the minimum price at which share price traded, registered at $65.50 and reached to max level of $87.77. Duke Energy recently declared plans to remove coal ash from three basins at the Buck Steam Station in Salisbury, N.C., and safely recycle the valuable material for concrete.
“This important step forward provides certainty for neighbors about our closure plans and allows us to recycle more coal ash to benefit our customers and North Carolina’s economy,” said David Fountain, Duke Energy’s North Carolina president.
Coal ash is a non-hazardous material created when coal is burned to produce electricity. Recycling is the only way to avoid permanent disposal of the material. However, much of the ash stored in basins has too much carbon to be used in concrete products. To make coal ash more suitable for recycling, Duke Energy is making additional, noteworthyinvestments in technology designed to reprocess coal ash from basins.