Notable News Review: Kroger Co (NYSE:KR), Devon Energy Corp (NYSE:DVN), Noble Energy, Inc. (NYSE:NBL)

On Thursday, Shares of Kroger Co (NYSE:KR), added 1.84 % and closed at $29.37 in the last trading session. The last trading range of the stock ranges between $28.71 and $29.60. The Kroger Co. (KR) recently launched its annual #SharingCourage campaign, lighting its headquarters building pink and encouraging customers to join in the fight against breast cancer by taking action online and in their communities.

“No one should face breast cancer alone, so Kroger is proud to be a partner in the fight and to share the stories of our courageous associates who are breast cancer survivors,” said Jessica Adelman, Kroger’s group vice president of corporate affairs.

Since its inception, the Sharing Courage campaign has donated over $33 million directly to local breast cancer organizations. This year, Kroger will again donate $3 million to breast cancer awareness and research.

Devon Energy Corp (NYSE:DVN), dropped -1.58% and closed at $43.48 in the last trading session. The last trading range of the stock ranges between $43.16 and $44.83. The company’s Market capitalization is $23.24 Billion with the total Outstanding Shares of 523.60 Million. Devon Energy Corp. (DVN) recently declared that it has accomplished the sale of its 50 percent ownership interest in Access Pipeline to Wolf Midstream Inc., a portfolio company of Canada Pension Plan Investment Board, for CAD $1.4 billion, or USD $1.1 billion. Devon also has the right to receive an incremental CAD $150 million payment from Wolf Midstream with the sanctioning and development of a new thermal-oil project on Devon’s Pike lease in Alberta, Canada. The sale agreement further allows for Access Pipeline tolls to be reduced by as much as 30 percent with the future development of multiple projects at Pike.

With the close of Access Pipeline, Devon’s divestiture program is now complete with total proceeds reaching USD $3.2 billion. At least two-thirds of the sales proceeds are expected to be utilized for debt reduction, with $1.2 billion of debt repurchased to date.

Noble Energy, Inc. (NYSE:NBL), lost -1.66% and closed at $35.60 in the last trading session. The last trading range of the stock ranges between $35.41 and $36.49. During the 52-week trading session the minimum price at which share price traded, registered at $23.77 and reached to max level of $39.40. Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) recently declared the execution of a gas sales and purchase agreement (GSPA) to supply natural gas from the Leviathan field to the National Electric Power Company Ltd. (NEPCO) of Jordan for consumption in power production facilities.  Under terms of the GSPA, Noble Energy and the Leviathan partners will supply a gross quantity of about 1.6 trillion cubic feet (Tcf) of natural gas from the Leviathan field, or 300 million cubic feet per day (MMcf/d) over a 15-year term.  The buyer has an option to purchase an incremental 50 MMcf/d for a total of up to 350 MMcf/d.

Natural gas supplied under this agreement will include industry-typical take-or-pay commitments, with pricing linked to Brent oil and a firm floor price.  Gross contract revenues are estimated to be about $10 billion.

This GSPA follows a formerly-declared agreement with the Jordan Bromine Company and the Arab Potash Company, which will establish first gas exports to Jordan from the Tamar field in late 2016.

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