Notable News Buzz: People’s United Financial, Inc. (NASDAQ:PBCT), Noble Energy, Inc. (NYSE:NBL), Parsley Energy Inc (NYSE:PE)

On Monday, Shares of People’s United Financial, Inc. (NASDAQ:PBCT), subtract -0.44% and closed at $15.75 in the last trading session. The last trading range of the stock ranges between $15.67 and $15.85. People’s United Financial, Inc. operates as the bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth administration services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services. This segment also provides equipment financing; cash administration, correspondent banking, and municipal banking services; and institutional trust, corporate trust, private banking, and insurance services. The Retail Banking segment offers consumer lending, counting residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial advisory, investment administration, life insurance, and non-institutional trust services. In addition, the company offers online banking, investment trading, and telephone banking services. It operates through a network of 396 branches and 594 ATMs in Connecticut, southeastern New York, Massachusetts, Vermont, New Hampshire, and Maine.

Noble Energy, Inc. (NYSE:NBL), jumped 0.98% and closed at $36.09 in the last trading session. The last trading range of the stock ranges between $35.26 and $36.16. The company’s Market capitalization is $15.59 Billion with the total Outstanding Shares of 433.00 million. 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.

Parsley Energy Inc (NYSE:PE), gained 1.79% and closed at $34.11 in the last trading session. The last trading range of the stock ranges between $33.29 and $34.22. During the 52-week trading session the minimum price at which share price traded, registered at $14.51 and reached to max level of $35.00. Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of crude oil and natural gas properties in the Permian Basin located in West Texas and Southeastern New Mexico. As of December 31, 2015, its acreage position consisted of 110,967 net acres, counting 84,441 net acres in the Midland Basin and 26,526 net acres in the Delaware Basin; and estimated proved oil and natural gas reserves were 123.8 MMBoe.

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