SandRidge Energy, Inc. (NYSE:SD) announced that its Board of Directors has declared a $3.00 per share semi-annual dividend on its shares of 6.0% Convertible Perpetual Preferred Stock that will be paid in cash on July 15, 2014 to holders of record on July 1, 2014. The company has 2,000,000 shares of 6.0% Convertible Perpetual Preferred Stock outstanding. SandRidge Energy Inc. (NYSE:SD) stock opened today at $6.99 and is currently trading at $7.10. The stock showed a positive weekly performance of 1.91%.
ConocoPhillips (NYSE:COP) and Suncor Energy Inc. are joining Shell Canada as partners in exploring the deepwater Shelburne basin off Nova Scotia. ConocoPhillips (NYSE:COP) stock opened at $83.19, in current trading session and currently is at $83.21, by gaining 0.16%. The 52 week range of $58.71 – $83.48. Company’s market capitalization is 102.16 billion.
As a result of unfairly traded imports, Pittsburgh-based United States Steel Corporation (NYSE:X) announced June 2 that it would indefinitely idle two of its tubular manufacturing operations, including its McKeesport Tubular operations, affecting about 260 employees. United States Steel Corporation (NYSE:X) stock is currently trading at $23.85. The EPS of the stock is -10.72. Company’s market capitalization is 3.45 billion.
The Tuscaloosa Marine Shale, according to current CEO of Halcon Resources Corp. (NYSE:HK) and former founder and CEO of Petrohawk Energy Corporation Floyd Wilson, is perhaps “one of the last remaining large footprint oil shale plays in the U.S.” Coming from the wildcatter who led Petrohawk to be one of the first companies to identify and develop Eagle Ford’s potential, this assessment makes Tuscaloosa deserving of a closer look from companies and investors. Halcon Resources Corp (NYSE:HK) stock opened the session at $6.65, and now is at $6.72. The 52 week range of the Halcon Resources Corp (NYSE:HK) stock remained $3.16 – $6.73 and the day range was $6.65 – $6.73.
Allied Nevada Gold Corp. (NYSEMKT:ANV) reports that the temporary repairs to the secondary and tertiary crushers have been completed and the crushing system is back in operation. Allied Nevada Gold Corp. (NYSEMKT:ANV) stock opened today at $3.69 and is currently trading at $3.57. The stock showed a positive weekly performance of 24.56%.
Chesapeake Energy Corporation (NYSE:CHK) shareholders approved a series of reforms that included elimination of three-year terms for directors, deepening an overhaul that began in the months before the 2013 ouster of former Chief Executive Officer Aubrey McClendon. Chesapeake Energy Corporation (NYSE:CHK) stock opened at $30.59, in current trading session and currently is at $30.56, by gaining 0.30%. The 52 week range of $19.32 – $30.80. Company’s market capitalization is 20.35 billion.