Basic Materials

Rex Energy Corporation REXX Stock News

Rex Energy Corporation (NASDAQ: REXX) is having an incredibly strong day in the market today, and for good reason. The company released realized natural gas sales numbers, exceeding expectations and sparking excitement in the minds of investors. As a result, the stock went skyward, prompting our partners at Trade Ideas to alert us to the movement. At the moment (11:53), REXX is trading at $0.40 per share after a gain of $0.07 per share or 21.21% thus far today.





REXX Q1 Sales Are Promising

As mentioned above, Rex Energy Corporation is having a strong day in the market today after releasing sales figures for the first quarter. Here are the key points from the release…




  • REXX realized natural gas prices improved by 42%. This is before hedging and the figure is based on a comparison between the first quarter of 2017 and the fourth quarter of 2016.
  • The company also said that realized C30+ NGL pricing for the first quarter was 59% of WTI before hedging.
  • Finally, the company completed the drilling of a four-well Macrell pad with average lateral length of 7,660 feet.

In a statement, Tom Stabley, President and CEO at REXX had the following to offer…

Our first quarter 2017 results are the first step in achieving our two-year plan for 2017 and 2018… One of the most important highlights of the quarter was our price realizations, with the strong results underlying the importance of our marketing initiatives and current marketing portfolio. With a full year of Gulf Coast transport and improved differentials in the northeast markets, we expect to see improved realizations throughout the year and will continue to pursue further enhancements to our marketing portfolio to further improve our realizations.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on REXX. In particular, we’re interested in following the company through their two-year growth plan as the plan is proving effective at the moment. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Northern Dynasty Minerals Ltd NAK Stock News

Northern Dynasty Minerals Ltd (NYSEMKT: NAK) is having an incredible day in the market today, and for good reason. The company announced that it has received approval for key activities with regard to the Pebble Project. As a result, an investor frenzy ensued, leading to gains on the stock and prompting our partners at Trade Ideas to send the alert. At the moment (11:27), NAK is trading at $1.65 per share after a gain of $0.27 per share (19.57%) thus far today.





NAK Receives DNR Approval

As mentioned above, Northern Dynasty Minerals is having an exceptional day in the market today after announcing that it has received DNR approval. Well, the approval was given to its 100% owned US Subsidiary known as Pebble Limited Partnership. The approval surrounds a Miscellaneous Land Use Permit, which was provided by the Alaska Department of Natural Resources, and provides the permit for ongoing activities NAK is working on at the Pebble Project in Southwest Alaska. In a statement, Tom Collier, Pebble Partnership CEO, had the following to offer:




The Alaska Department of Natural Resources and other state agencies have had an active oversight presence at the Pebble Project site for more than a decade, and have confirmed that Pebble is a well-managed exploration project… We will continue our site operations in 2017 in full compliance with the State’s permit conditions, and in a manner that protects the broader public interest in the lands and resources surrounding the Pebble property.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching NAK incredibly closely. In particular, we’ll be watching progress at the Pebble Project as well as in other areas of the business. We’ll continue to follow the story closely and bring the news to you as it breaks!

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North Atlantic Drilling Ltd NADL Stock News

North Atlantic Drilling Ltd (NYSE: NADL) is having an incredible morning in the market this morning, and for good reason. The company announced that it has been awarded a key contract, causing excitement among investors and leading to massive gains in the value of the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (8:45), NADL is trading at $1.63 per share after a gain of $0.90 per share (121.77%) thus far today.





NADL Secures 10-Year Contract

As mentioned above, North Atlantic Drilling is having an incredibly strong day in the market today after it announced that it has secured 10-year contract awards. The awards surround the jack-ups West Elra and West Linus. The contract awards were secured with Conoco Phillips Skandinavia for work in the Greater Ekofisk Area. Excluding performance bonuses, the backlog is worth $1.4 billion.




Under the terms of the agreement, NADL has agreed to a dayrate adjustment on the existing West Linus contract, effective from April 2017. This will result in a reduction of approximately $58 million from the current backlog. The new West Elra contract is expected to start on October 2017 and includes a period of fixed dayrates until March 2020, contributing approximately $160 million to the contract backlog.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on NADL. In particular, we’re interested in following these contracts and the revenue generated by them, as well as following the company through future growth endeavors. We’ll continue to follow the news closely and bring it to you as it breaks!

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Tengasco, Inc. TGC Stock News

Tengasco, Inc. (NYSEMKT: TGC) is off to an overwhelmingly strong start to the trading session today. Throughout the morning, the stock has been on a strong upward spike. The reason for the gains surrounds gains in oil. With the excitement causing such strong movement, our partners at Trade Ideas were the first to alert us of the trends. At the moment (9:59), TGC is trading at $0.97 per share after a gain of $0.32 per share or 49.25% thus far today.





Why TGC Is Flying

Ultimately, the gains on Tengasco have to do with oil, a commodity that the company has essentially built its business around. Today, oil is climbing after an announcement from the United States that it has started to launch air strikes on Syria.




This is a huge announcement for the oil industry as any turbulence in the Middle East has a tendency to have a profound effect on oil prices. The idea here is that the air strikes will reduce production from the region, leading to gains in oil. Because TGC has centered its business around oil, it will enjoy the gains as well.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TGC and the entire oil industry. With the news of escalated geopolitical concerns in a region that is responsible for a massive amount of the world’s oil, it’s possible that we’re only seeing the tip of the iceberg. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Uranium Resources, Inc. URRE Stock News

Uranium Resources, Inc. (NASDAQ: URRE)

Uranium Resources is having an incredibly strong morning in the market this morning, and for good reason. The company announced positive results from the Columbus Basin exploration project, exciting investors and pushing the stock upward. Of course, our partners at Trade Ideas were the first to alert us of the upward movement. At the moment (9:53), URRE is trading at $1.91 per share after a gain of $0.13 per share or 7.30% thus far today.





URRE Announces Positive Results From Columbus Basin

As mentioned above, Uranium Resources is having an incredibly strong start to the trading session this morning after announcing positive results. The results came from an independent geophysical consultant review of integration and reinterpretation of historical geophysical survey data. Here are the key points from the results:




  • The indicated depth of the Columbus Salt Marsh basin is greater than expected and in excess of 6500ft (2000m).  This increases the probability of intersecting favourable geology for lithium brines at depth.
  • The combined presence of hypersaline brines and shallow low density geologic horizons, as indicated by resistivity modelling, present excellent targets for lithium brine exploration.

In a statement, Chris Jones, President and CEO at URRE had the following to offer…

This is great news… We have confirmation of our exploration model with the early acquisition and analysis of this data. URI (Uranium Resources) has, as a result, reduced its planned exploration costs and we will target our drilling more accurately and sooner than expected. We plan for drilling to commence in July of this year.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on URRE. In particular, we’re interested in ongoing work surrounding the Columbus Basin. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Sunoco LP SUN Stock News

Sunoco LP (NYSE: SUN)

Sunoco is having a strong start to the trading session this morning, and for good reason. It was announced early this morning that the company would be acquired. As a result, investor excitement ensued, leading to gains in the value of the stock and prompting our partners at Trade Ideas to alert us to the movement. Currently (8:13), SUN is trading at $25.31 per share after a gain of 6.08% thus far this morning.





SUN To Be Acquired By 7-Eleven




As mentioned above, Sunoco is having a strong time in the pre-market hours this morning after news was released that the company would be acquired. In this particular case, 7-Eleven will be purchasing the company for a record $3.3 billion in a bet on the United States economy. Of course, the deal is subject to customary closing conditions. Nonetheless, all in all, this is a big one that’s likely to make its way through!

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on SUN. In particular, we’ll be watching the deal with 7-Eleven to see if everything goes off without a hitch. We’ll continue to follow the story closely and bring the news to you as it breaks!

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Matador Resources Co. MTDR Stock News

Matador Resources Co. (NYSE:MTDR) wasn’t off to the best of days in the market today. However, that all changed minutes ago as a takeover rumor caused investor excitement, sending the stock climbing. Of course, our partners at Trade Ideas were the first to alert us to the upward movement. At the moment (1:09), MTDR is trading at $24.26 per share after a gain of $0.48 per share (1.98%) thus far today.





XOM May Be Interested In MTDR

As mentioned above, Matador Resources wasn’t having the best of days in the market today. In fact, the stock was in the red for the most part, until minutes ago when a rumor broke that sent the stock skyward. That rumor is that Exxon Mobil (XOM) is interested in acquiring the company. There is no insinuation in the rumor that suggests the price of the acquisition.




When we see rumors like this in the market, it’s important to keep in mind that most of them lack validity. As a result, it’s a good idea to be cautious if you decide to trade on the rumor. Neither MTDR or XOM have confirmed or denied the rumors.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both MTDR and XOM. In particular, we’re interested in learning more about these rumors and whether or not they are true. After all, if the rumors are true, the acquisition would likely return incredible value to MTDR shareholders. Nonetheless, we’ll continue to follow the news closely and bring the story to you as it breaks.

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Petrobras PBR Stock News

Petrobras (NYSE: PBR)

Petrobras is having a strong start to the day in the market today, and for good reason. The company’s CEO announced that Exxon Mobil (XOM) has expressed interest in a partnership with the Petrobras. As a result, investor excitement ensued, leading to gains in the value of the stock and prompting our partners at Trade Ideas to send the alert. Currently (9:40), PBR is tradinga t $10.08 per share after a gain of $0.14 per share or 1.36% thus far today.





XOM Expresses Interest In A PBR Partnership

As mentioned above, Petrobras is having a strong day in the market today after announcing that it has received strong interest with regard to exploring deep-water oil fields off of the coast of Brazil. The CEO at PBR, Pedro Parente had the following to offer with regard to the news…




Considering movements towards a strategic parntership, we have nothing concrete with Exxon, but they have certainly expressed strong interest in the Brazilian pre-salt exploration.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on both PBR and XOM. Of course, if a partnership happens and the exploration goes underway, there will be tremendous potential value for both companies. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Rockwell Diamonds Inc RDI Stock News

Rockwell Diamonds Inc (TSE: RDI)

Rockwell Automation was having a relatively normal day in the market today. That is, until minutes ago when the stock was halted. Of course, the halt led to an alert from our partners at Trade Ideas.





Why RDI Was Halted

As mentioned above, Rockwell Diamonds was off to a normal day before being halted minutes ago. The halt happened after the company applied for a voluntary halt to trading on its equity on the JSE after the TSX suspended trading pending delisting review.




The halt will remain in place until the outcome of the final hearing surrounding the company’s liquidation application is available. It is scheduled to take place on April 12th. In a statement, RDI stated the following…

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The company is of the view that it is prudent to suspend trading of its shares on the JSE, until such time as the TSX has provided feedback on its delisting review.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on RDI. In particular, we’ll be watching the delisting review as well as the results of the liquidation application. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

Want The News Faster?

Check out the CNA Finance Trading Desk to get the scoop before we have the time to write the full story!

What Do You Think?

Where do you think RDI will be headed after the halt? Join the discussion in the comments below!

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South Jersey Industries Inc SJI Stock News

South Jersey Industries Inc (NYSE: SJI)

South Jersey Industries is having an incredible time at the moment, and for good reason; the company is in the midst of merger talks. Of course, when investors heard, excitement ensued, leading to massive gains on the stock and prompting our partners at Trade Ideas to alert us to the movement. At the moment (12:26), SJI is trading at $36.30 per share after a gain of $0.95 per share (2.69%) thus far today.





SJI Gains On Merger Talks

As mentioned above, South Jersey Industries is currently flying in the market after news broke that the company is in merger talks. According to various reports, the company is in talks with New Jersey Resources. If the merger does take place, the combined company would be worth $3 billion.




However, it’s important to remember that what we’re seeing right now is nothing more than talks, and talks can fall through. Nonetheless, the concept of the merger is proving to be exciting to investors, causing SJI to fly!

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on SJI. In particular, we’re interested in following the story surrounding the talks of a potential merger with New Jersey Resources. We’ll continue to follow the story closely and bring the news to you as it breaks!

What Do You Think?

Do you think SJI will merge with New Jersey Resources? Join the discussion in the comments below!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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