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|Day's Range||25.21 - 25.21|
|52 Week Range||25.21 - 25.27|
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Invesco Ltd. (NYSE: IVZ), the fourth-largest U.S. issuer of exchange traded funds, announced the closure of 20 ETFs, several of which the firm took over via its acquisition of Guggenheim’s ETF business. ...
Chesapeake Energy (NYSE:CHK) is building a monopoly. The rationale behind the argument is that Chesapeake is undergoing a massive transformation under CEO Doug Lawler that sees it operating in five of the country’s primary energy basins in Pennsylvania, Texas, Oklahoma, Louisiana, and South Dakota. Proof of that, the author suggests, is Chesapeake Energy’s nearly $4 billion acquisition of WildHorse Resource Development (NYSE:WRD), which gives WildHorse shareholders either 5.989 shares of CHK stock per WildHorse share or 5.336 shares and $3 cash.
Methanex (MEOH) reported adjusted EPS of $1.92 in its third quarter, an increase of 9.71% over $1.75 in the previous year. MEOH reported record volumes in the quarter, matching its previous record. During the quarter, the price per ton of methanol stood at $413 compared to $405 per ton in the second quarter.
Methanex (MEOH) shut down its Chile plant in 2007 due to supply problems in getting natural gas feedstock. In a press release on October 9, Methanex announced that it restarted the Chile IV plant and started to produce methanol. The Chile IV plant has the capacity to produce 0.8 million tons of methanol per year.