On Thursday, Shares of Southwestern Energy Company (NYSE:SWN), added 2.10% and closed at $13.64 in the last trading session. The last trading range of the stock ranges between $12.99 and $13.88. Southwestern Energy Company, an independent natural gas and oil company, explores for, develops, and produces natural gas and oil mainly in the United States. It operates through two segments, Exploration and Production and Midstream Services. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering about 270,335 net acres in northeast Pennsylvania; and the Fayetteville Shale, an unconventional natural gas reservoir covering about 957,641 net acres in Arkansas. It also engages in the exploration and production activities in Colorado and Louisiana. In addition, the company is involved in gathering, marketing, and transporting natural gas, and oil and natural gas liquids. As of December 31, 2015, it had a pipeline of 2,044 miles in Arkansas and 16 miles in Louisiana in its gathering systems.
Public Service Enterprise Group Inc. (NYSE:PEG), jumped 0.37% and closed at $40.97 in the last trading session. The last trading range of the stock ranges between $40.65 and $47.41. The company’s Market capitalization is $20.84 Billion with the total outstanding Shares of 505.92 million. PSEG declared recently that its Hudson Generation Station in Jersey City, N.J., and its Mercer Generation Station in Hamilton Township, N.J., will be stepped down on June 1, 2017.
“The sustained low prices of natural gas have put economic pressure on these plants for some time. In that context, we could not justify the noteworthyinvestment required to upgrade these plants to meet the new reliability standards,” said Bill Levis, president and chief operating officer-PSEG Power. “The plants have been infrequently called on to run and neither plant cleared the last two PJM capacity auctions. The plants’ capacity payments have been critical to their profitability and PSEG’s ability to continue to invest in modernizing them.”
PSEG stressed that it is committed to treating the about 200 employees at Hudson and Mercer fairly during the process of retiring the existing units.
McEwen Mining Inc (NYSE: MUX), jumped 2.44% and closed at $3.36 in the last trading session. The last trading range of the stock ranges between $3.27 and $3.54. During the 52-week trading session the minimum price at which share price traded, registered at $0.79 and reached to max level of $4.92. McEwen Mining Inc. (MUX) (MUX) is happy to declare that total production for the third quarter (“Q3”) was 36,496 gold equivalent ounces using a gold to silver ratio of 75:1, or 24,281 gold ounces and 916,168 silver ounces. Production is on target to achieve our 2016 guidance of 144,000 gold equivalent ounces, or 99,500 gold ounces and 3,337,000 silver ounces.
San José Mine, Argentina (49%)(1)
The San José Mine produced 12,527 gold ounces and 909,017 silver ounces attributable to us in Q3, for a total of 24,647 gold equivalent ounces. Year-to-date the San José Mine produced 33,839 gold ounces and 2,443,527 silver ounces attributable to us, for a total of 66,419 gold equivalent ounces. Full year production guidance for San José in 2016 is 45,000 gold ounces and 3.3 million silver ounces, for a total of 89,000 gold equivalent ounces attributable to us.