Quicksilver Resources Inc. Announces its execution of a purchase and sale agreement along with SWEPI LP, to sell to Southwestern Energy Production Company all of their jointly owned holdings in the Sand Wash Basin for cash proceeds of $180 million to be allocated equally between Quicksilver and SWEPI LP, subject to customary due diligence and other closing conditions. Quicksilver Resources Inc (NYSE:KWK) stock opened at $3.28 in last session, and closed at $3.09, while the day range of KWK stock is $2.97-$3.30. The stock showed a negative weekly performance of -9.92%.
Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) reported earnings for the twelve months ended December 31, 2013 of US$467.1 million (US$1.77 per ADR), a decrease from US$649.2 million (US$2.47 per ADR) for the twelve months ended December 31, 2012. Gross Margin reached US$721.5 million (32.7% of revenues) for the twelve months ended December 31, 2013; a decrease compared to US$1,028.6 million (42.3% of revenues) for the twelve months ended December 31, 2012. Revenues totaled US$2,203.1 million for the twelve months ended December 31, 2013, representing a decrease compared to US$2,429.2 million reported for the twelve months ended December 31, 2012.Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) stock opened at $30.35, in last session and closed at $33.00, by gained 4.63%.The 52 week range was $22.50-$57.00.Company’s market capitalization is $8.69 billion.
USEC Inc. (NYSE:USU) announced that it is implementing the agreement reached with a majority of the holders of its senior unsecured convertible notes that was announced in December 2013. This agreement sets forth the terms of a financial restructuring plan to strengthen the company’s balance sheet, enhance its ability to sponsor the American Centrifuge project and improve its long-term business opportunities. The company also announced that it reached agreement with its preferred equity investors, Toshiba Corporation and The Babcock & Wilcox Company, to support the restructuring plan. USEC Inc. (NYSE:USU) stock loosed -20.86% and finished the last session at $4.40.The EPS of the stock remained -243.31.Company’s market capitalization is $21.77 million.
Synthesis Energy Systems, Inc. (NASDAQ:SYMX) formed a joint-venture with Zhangjiagang Chemical Machinery in order to take a leading position in China in clean coal gasification. Under the deal, Zhangjiagang will infuse $16.5 million capital to acquire 65% stake in the venture, while Symx will contribute through allowing the exclusive use of its gasification technology in China as well as other emerging Asian markets, while retaining a share of 35%. However, lower gross profit margins of Synthesis Energy Systems, Inc. (NASDAQ:SYMX) have prompted the analysts to put a Sell rating to it for now. Synthesis Energy Systems, Inc. (NASDAQ:SYMX) stock opened the session at $1.65, and closed the session at $1.77.The 52 week range of the SYMX stock remained $0.60-$2.49 and the day range was $1.64-$1.89.
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