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Akamai Technologies, Inc. Message Board

halfsure1 18 posts  |  Last Activity: Feb 4, 2016 11:36 AM Member since: Feb 9, 2002
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  • Reply to

    Earnings

    by jlfmainst Feb 3, 2016 12:39 PM
    halfsure1 halfsure1 Feb 4, 2016 11:36 AM Flag

    no earnings warning!!!

  • Reply to

    Earnings

    by jlfmainst Feb 3, 2016 12:39 PM
    halfsure1 halfsure1 Feb 4, 2016 9:06 AM Flag

    CVR Partners to Announce 2015 Fourth Quarter Results and Cash Distribution on Feb. 18
    Executive Conference Call to be Held at 11 a.m. Eastern on Feb. 18
    PR Newswire CVR Partners, LP
    5 minutes ago
    
    SUGAR LAND, Texas, Feb. 4, 2016 /PRNewswire/ -- CVR Partners, LP (UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, today announced that it will release its 2015 fourth quarter results and announce its cash distribution on Thursday, Feb. 18, before the open of New York Stock Exchange trading. Chief Executive Officer Mark Pytosh and other executives will host a teleconference call for analysts and investors on Feb. 18 at 11 a.m. Eastern.

  • Reply to

    swift news

    by halfsure1 Feb 3, 2016 8:02 AM
    halfsure1 halfsure1 Feb 3, 2016 8:05 AM Flag

    Swift Energy gets OK to sell Louisiana assets
    Feb 3 2016, 07:47 ET | About: Swift Energy Co. (SFY) | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip

    Swift Energy (NYSE:SFY) wins approval from a U.S. bankruptcy judge to sell its oil and gas assets in Louisiana to Texegy LLC for $48.75M.The deal covers 75% of SFY’s working assets, and the company says it will would concentrate on its core operations in the Eagle Ford Shale in south Texas.SFY entered bankruptcy late last year after months of trying to address its ~$1.2B debt load.

  • halfsure1 by halfsure1 Feb 3, 2016 8:02 AM Flag

    Swift Energy Wins Approval to Sell Louisiana AssetsFont size: A | A | A
    2:06 PM ET 2/2/16 | Dow Jones
    By Lillian Rizzo

    Swift Energy Co. got the green light from a U.S. bankruptcy judge to sell its oil and gas assets in Louisiana.

    The Houston-based company on Monday received approval from the U.S. Bankruptcy Court in Wilmington, Del., to sell the majority of its assets to Texegy LLC for $48.75 million. The deal covers 75% of Swift's working assets, and the company said it would concentrate on its core operations in the Eagle Ford Shale formation in South Texas, according to prior court papers.

    Swift entered bankruptcy late last year with the bid from Texegy already lined up but didn't immediately disclose the amount of the bid. Under the deal, Swift retains a 25% nonoperating interest in the assets, and as a result, the company says the purchase price actually values the assets at $65 million.

    Swift sold the assets without the auction typically required in chapter 11 cases because the company had been looking for a buyer since August 2013. The company said that while it attracted a number of suitors, none of them was able to nail down funding for the deal.

    Last week, Swift received an objection from the U.S. government regarding the sale of the Louisiana assets, saying the company couldn't transfer rights to drill on federal land without first receiving its consent. However, Swift said in court papers it didn't think the contracts were included in the asset sale.

    Swift also on Tuesday received approval to fully use its $75 million bankruptcy loan, provided by its bondholders. The financing took second place in the capital structure behind $330 million owed to a lender group led by J.P. Morgan Chase & Co.

    The banks have yet to reach an agreement on how their loans will be paid off in the bankruptcy process. The company's unsecured creditors are owed about $50 million and are expected to be paid in full.

    This brings the company closer to approval of its bankruptcy-exit plan, which calls for an exchange of $905 million in bond debt for most of the equity of its Houston operations. The proposed plan allocates the remaining 4% of equity to existing shareholders.

    Swift's bankruptcy filing had come after months of struggles to address its heavy debt load of $1.2 billion.

    Swift filed for chapter 11 on Dec. 31, capping of a month of multiple energy-related filings, including Cubic Energy Inc., New Gulf Resources LLC and Magnum Hunter Resources Corp. The filings came as oil benchmark prices continue to drop. On Tuesday the benchmark oil price fell to $32.53 a barrel.

  • halfsure1 by halfsure1 Feb 1, 2016 10:54 AM Flag

    CF Industries and CHS Commence Strategic Venture
    CHS Purchases Minority Equity Position in CF Industries Nitrogen, LLC for $2.8 Billion
    CF Begins Shipping Urea and UAN to CHS Under Long-Term Supply Agreement
    Business Wire CF Industries Holdings, Inc.
    1 hour ago
    
    DEERFIELD, Ill. & ST. PAUL, Minn.--(BUSINESS WIRE)--

    CF Industries Holdings, Inc. (CF) and CHS Inc. (CHSCP) announced today that they have commenced their previously announced nitrogen fertilizer strategic venture. CHS, the nation’s leading farmer-owned cooperative, completed its $2.8 billion equity investment in CF Industries Nitrogen, LLC, (“CF Nitrogen”), a CF Industries subsidiary, and today begins receiving delivery of urea and urea ammonium nitrate (UAN) from CF Industries under a long-term supply agreement.

    “We are pleased today to start our strategic venture with CHS, beginning the next chapter in a mutually beneficial long-term relationship,” said Tony Will, president and chief executive officer, CF Industries. “The venture will deliver attractive returns to CF shareholders as the equity investment helps support our longstanding capital allocation priorities and the supply agreement connects us to a reliable partner who will take ratable delivery of product across the year.”

    “This is an important day for CHS member-owners as we not only complete the single largest investment in our history, but more importantly establish long-term dependable nitrogen fertilizer supply, supply chain efficiency and opportunity for economic value,” said Carl Casale, president and chief executive officer, CHS Inc. “This is a strategic decision about adding value for our member cooperative- and producer-owners on par with the significant investments made in our energy and grains businesses over our 85 years of operation.”

    CHS has purchased a minority equity interest in CF Nitrogen for $2.8 billion effective Feb. 1, 2016. Through the investment, CHS will be entitled to semi-annual profit distributions from CF Nitrogen based generally on the volume of granular urea and UAN purchased by CHS pursuant to the supply agreement.

    Starting Feb. 1, 2016, CHS is entitled to purchase up to 1.1 million tons of granular urea and 580,000 tons of UAN annually from CF Nitrogen for ratable delivery. The 1.7 million product tons available under the supply agreement represent approximately 8.9 percent of CF’s total production capacity once its capacity expansion projects are completed at Donaldsonville, La., and Port Neal, Iowa, expected in 2016.

    The two companies marked the start of the strategic relationship with an event for CHS fertilizer customers at CF’s Port Neal Nitrogen Complex.

  • Reply to

    Akamai

    by evoncairis1 Jan 27, 2016 6:42 PM
    halfsure1 halfsure1 Jan 28, 2016 9:38 AM Flag

    limelight appeal

  • halfsure1 by halfsure1 Jan 26, 2016 8:29 AM Flag

    6:34 am Rentech Nitrogen Partners files to spin off its Pasadena, Texas facility in order to complete merger with CVR Partners (UAN) (RNF) : A wholly owned subsidiary of Rentech Nitrogen has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (:SEC) relating to the proposed spin-out of its Pasadena, Texas facility. It is a condition to the completion of the pending merger of Rentech Nitrogen with CVR Partners (UAN), LP that Rentech Nitrogen sell or spin-out its Pasadena facility pursuant to the terms of the merger agreement. Rentech Nitrogen filed the registration statement to prepare for a potential spin-out of the Pasadena facility in the event it is unable to close on a sale of the facility on acceptable terms in a timely manner.

  • Reply to

    news

    by halfsure1 Jan 20, 2016 11:16 AM
    halfsure1 halfsure1 Jan 21, 2016 11:11 AM Flag

    thanks

  • halfsure1 by halfsure1 Jan 20, 2016 11:16 AM Flag

    CVR Partners just filed a prospectus, suggesting it plans to soon issue some securities

    CVR Partners just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:
    424B3 1 d29548d424b3.htm 424B3 424B3 Table of Contents Filed Pursuant to Rule 424(b)(3) Registration No. 333-206982 Rentech Nitrogen Partners, L.P. MERGER PROPOSAL Dear Unitholder: On August 9, 2015, Rentech Nitrogen Partners, L.P. (“Rentech Nitrogen”) and CVR Partners, LP (“CVR Partners”) entered into a merger agreement, pursuant to which (i) Lux Merger Sub 1 LLC, a wholly owned subsidiary of CVR Partners (“Merger Sub 1”), will merge with and into Rentech Nitrogen GP, LLC, the general partner of Rentech Nitrogen (“Rentech Nitrogen GP”), with Rentech Nitrogen GP continuing as the surviving entity as a wholly owned subsidiary of CVR Partners (the “Rentech Nitrogen GP merger”), and (ii) Lux Merger Sub 2 LLC, a wholly owned subsidiary of CVR Partners (“Merger Sub 2”), will merge with and into Rentech Nitrogen, with Rentech Nitrogen continuing as the surviving entity as a subsidiary of CVR Partners (the “Rentech Nitrogen merger” and together with the Rentech Nitrogen GP merger, the “mergers”). The board of directors of Rentech Nitrogen GP (the “Rentech Nitrogen Board”) has determined that the merger agreement and the transactions contemplated by the merger agreement, including the mergers, are advisable, fair and reasonable to and in the best interests of Rentech Nitrogen and its common unitholders, and has unanimously approved and adopted the merger agreement, approved the execution, delivery and performance of the merger agreement and approved the consummation of the transactions contemplated by the merger agreement, including the mergers. The Rentech Nitrogen Board unanimously recommends that the Rentech Nitrogen common unitholders vote “FOR” the proposal to approve and adopt the merger agreement and the transactions contemplated thereby (the “merger proposal”). Under the terms of the merger agreement, holders of common units representing limited partner interests in Rentech Nitrogen (“Rentech Nitrogen common units”) eligible to receive consideration wi

    The above information was disclosed in a filing to the SEC. To see the filing, click here. CVR Partners next reports earnings on February 17, 2016.

    To receive a free e-mail notification whenever CVR Partners makes a similar move, sign up!

    Other recent filings from the company include the following:

    CVR Partners Just Received a Notice of Effectiveness - Jan. 14, 2016
    Registration of securities, business combinations - Jan. 13, 2016
    Departure of Directors or Certain - Jan. 7, 2016

  • halfsure1 by halfsure1 Jan 19, 2016 3:16 PM Flag

    Rentech

    The definitive proxy statement was filed for the CVR (NYSE:UAN) acquisition of Rentech (NYSE:RNF).

  • Reply to

    Bankruptcy

    by sirreal151 Jan 14, 2016 6:02 PM
    halfsure1 halfsure1 Jan 17, 2016 2:30 PM Flag

    new prez cruz would stop this

  • halfsure1 by halfsure1 Jan 15, 2016 3:30 PM Flag

    Penn Virginia Corporation Hires Advisors to Explore Strategic Alternatives Related to Its Capital StructureFont size: A | A | A
    3:00 PM ET 1/15/16 | GlobeNewswire
    Penn Virginia Corporation (OTC Pink:PVAH) today announced that it has retained financial advisors Jefferies LLC and legal advisors Kirkland & Ellis LLP to advise management and the Board of Directors on strategic alternatives related to its capital structure.

    Edward B. Cloues, II, Chairman and interim Chief Executive Officer stated, "We believe Penn Virginia has a strong future, even in today's challenging commodity price environment. Consequently, we have retained Jefferies and Kirkland & Ellis to advise us in exploring strategic alternatives with respect to restructuring our balance sheet, including our senior unsecured notes, which trade at levels significantly below face value, and enhancing liquidity."

    No assurance can be given as to the outcome or timing of this strategic and financial review. The Company does not intend to make any further announcements concerning this process unless and until the Company determines that disclosures are necessary or appropriate.

  • Reply to

    NEWS SHOULD HELP UAN STOCK PPRICE

    by halfsure1 Dec 1, 2015 11:33 AM
    halfsure1 halfsure1 Dec 1, 2015 11:57 AM Flag

    MORE ETHANOL REQUIRES MORE CORN

  • WASHINGTON (AP) -- The Obama administration is boosting the amount of corn-based ethanol and other renewable fuels in the U.S. gasoline supply despite sustained opposition by an unusual alliance of oil companies, environmentalists and some GOP presidential candidates.

    The Environmental Protection Agency on Monday issued a final rule designed to increase production of ethanol to be blended with gasoline through 2016, a decision that could reverberate in Iowa's crucial presidential caucuses.

    The agency said it will require more than 18 billion gallons of renewable fuels, most of it ethanol, in 2016. The amount is less than was set in a 2007 renewable fuels law, but more than was proposed by the EPA in May.

    The decision doesn't necessarily mean a higher percentage of ethanol in an individual driver's tank, and isn't likely to have much effect on gas prices. But it does mean there will a higher supply of the homegrown fuel overall.

    Janet McCabe, the acting assistant administrator for the EPA's Office of Air and Radiation, said the renewable fuels industry is "an incredible American success story" and the 2016 targets are a signal it is growing.

    "It's all about more choice and making those fuels more available" to consumers, she said.

    More renewable fuels are good news for farm country. But ethanol critics say the levels are too high.

    Oil companies have spent many years fighting the 2007 law, saying the market, not the government, should determine how much ethanol is blended into their gas. Environmental groups say farmers growing large amounts of corn for ethanol are tearing up the land. And conservatives like Texas Sen. Ted Cruz, who is running for the Republican presidential nomination, call the government's longtime support for ethanol "corporate welfare."

    The renewable fuels law sought to address global warming, reduce dependence on foreign oil and bolster the rural economy by requiring a steady increase in the overall amount of ethanol and other renewable fuels blended into gasoline over time. The Renewable Fuel Standard, as it is called, sets out specific yearly targets.

    Since then, the EPA has said the standards set by the law cannot be fully reached due partly to limits on the amount of renewable fuels other than ethanol that can be produced. Next-generation biofuels, made from agricultural waste such as wood chips and corncobs, have not taken off as quickly as Congress required and the administration expected.

    Still, the new rule setting targets for 2015, 2016 and retroactively for 2014 would represent an overall increase in the use of renewable fuels.

    The new standards come as President Barack Obama and other world leaders are meeting in Paris to finalize an agreement to cut carbon emissions worldwide, and the administration says this will help achieve that goal. Some studies have called into question whether that is the case, however.

    The new targets are a victory for the ethanol industry, which aggressively pushed back on a 2013 proposal that would have decreased the amount of ethanol mixed into fuel.

    After the announcement, some ethanol companies and farm groups said they were pleased the EPA had increased the numbers from previous proposals. But they still expressed frustration that the standards were less than in the law, something the agency has the power to do if it thinks the goals cannot be met.

    Failing to meet the standards is "to the detriment of economic prosperity in rural America," said National Farmers Union President Roger Johnson.

    Farm-state lawmakers — and some presidential candidates wanting to win over voters in farm states like Iowa — have successfully pushed back on calls from opponents to lower ethanol levels or repeal the standards. So far, critics have had little luck getting past those supporters to change the policy in Congress.

  • Reply to

    rnf

    by halfsure1 Nov 12, 2015 9:47 AM
    halfsure1 halfsure1 Nov 12, 2015 12:31 PM Flag

    THE FLY on my chas schwab site

  • halfsure1 by halfsure1 Nov 12, 2015 9:47 AM Flag

    16:50
    Rentech says undertaking reorganization, says may require new funds
    "We have begun implementing a reorganization plan to simplify and integrate Rentech's (RTK) structure into a lower cost model. We are targeting approximately $10M-$12M of reductions in annual consolidated SG&A expense run-rate exiting 2016," said Rentech. Key components of the plan include reducing corporate staff by approximately 25%, modifying compensation packages and moving corporate headquarters from Los Angeles, California to the Washington, D.C. area. Rentech noted it is targeting completion by the end of Q3 of next year, and expects total non-recurring charges of approximately $6M over the next twelve months. Separately, the company noted that "in early 2016, Rentech expects to need either the proceeds anticipated from the merger of Rentech Nitrogen with CVR Partners (UAN) and the sale of the Pasadena Facility, or other sources of cash to fund its operating and investing needs. We expect to require some new sources of cash in a smaller amount if the merger were to close and the Pasadena Facility were spun off, rather than sold... The company is in discussions to arrange additional borrowing and/or to pledge or sell some of the 3.1M unpledged units of Rentech Nitrogen which it owns... If the merger were not to close, or if it were to be delayed beyond the early months of 2016, and if the company were to be unable to secure additional sources of funds, there would be a material adverse effect on the company's business."

  • halfsure1 by halfsure1 Nov 11, 2015 9:43 AM Flag

    Penn Virginia downgraded to Hold from Buy at Canaccord
    Canaccord downgraded Penn Virginia to Hold and reduced its price target to 75c from $2.50 on shares. Analyst Stephen Berman said Penn Virginia has enough liquidity to get through 2016, but has little room to spare and faces numerous financial headwinds.

  • halfsure1 by halfsure1 Nov 9, 2015 4:24 PM Flag

    Penn Virginia Corporation Announces Third Quarter 2015 ResultsFont size: A | A | A
    4:15 PM ET 11/9/15 | GlobeNewswire
    ACTIVELY REVIEWING FINANCING AND DEBT RESTRUCTURING ALTERNATIVES

    AVERAGE IP AND 30 DAY RATES UP 88% AND 59% OVER SECOND QUARTER

    AVERAGE WELL COST DOWN 30% FROM SECOND QUARTER

    NEW BORROWING BASE OF $275 MILLION, IN LINE WITH EXPECTATIONS

    Penn Virginia Corporation (NYSE:PVA) today reported financial results for the three months ended September 30, 2015 and provided updates of its operations and guidance.

    Key Highlights

    Third quarter 2015 results compared, as applicable, to second quarter 2015 results were as follows:

    -- Total production was 20,976 barrels of oil equivalent (BOE) per day (BOEPD), compared to 23,519 BOEPD. -- Total production was above the midpoint of production guidance of 18,500 to 22,800 BOEPD.

    -- Total production was above the midpoint of production guidance of 18,500 to 22,800 BOEPD.

    -- The average initial potential (IP) and 30-day rates for 11 Eagle Ford wells turned in line were 1,501 and 790 BOEPD, up 88% and 59% compared to 798 and 497 BOEPD for 16 wells turned in line in the second quarter.

    -- Gross drilling and completion costs for the 11 wells, including facilities, averaged $5.7 million per well, approximately 30% lower than the average cost of the 16 second quarter wells. -- The decrease in average well cost was driven by a transition to drilling exclusively two-string wells, whereas only three of the second quarter wells were two-string wells. In addition, seven of the third quarter wells were slickwater stimulated and all of the third quarter wells were fractured with approximately 46% more proppant per stage, on average, than second quarter wells.

    -- The decrease in average well cost was driven by a transition to drilling exclusively two-string wells, whereas only three of the second quarter wells were two-string wells. In addition, seven of the third quarter wells were slickwater stimulated and all of the third quarter wells were fractured with approximately 46% more proppant per stage, on average, than second quarter wells.

    -- Product revenues, including derivatives, were $93.0 million, compared to $118.0 million. -- Realized oil, gas and natural gas liquids (NGLs) prices were $69.19 per barrel, $2.68 per thousand cubic feet (Mcf) and $9.81 per barrel, compared to $82.44 per barrel, $2.54 per Mcf and $13.53 per barrel, including hedges.

    -- Realized oil, gas and natural gas liquids (NGLs) prices were $69.19 per barrel, $2.68 per thousand cubic feet (Mcf) and $9.81 per barrel, compared to $82.44 per barrel, $2.54 per Mcf and $13.53 per barrel, including hedges.

AKAM
43.20-1.44(-3.23%)Feb 5 3:59 PMEST