Molycorp, Inc. (NYSE: MCP) announced that its Board of Directors has elected to declare a cash dividend on outstanding shares of its 5.50% Series A mandatory convertible preferred stock in an amount equal to $1.375 per share. Molycorp will pay the dividend on March 1, 2014 to the holders of record of shares of Series A mandatory convertible preferred stock at the close of business on February 15, 2014. As of February 1, 2014, there were a total of 2,070,000 shares of Series A mandatory convertible preferred stock outstanding. Molycorp Inc (NYSE:MCP) stock opened at $4.78 in last trading session, and closed at $5.02, trading in the range of $4.77 – $5.09. The stock showed a positive weekly performance of 3.51%.
Noble Energy, Inc. (NYSE:NBL) has signed a non-binding memorandum of understanding (MoU) regarding the sale of interest in the Leviathan licenses, offshore Israel, to Woodside Petroleum. Each of the existing Leviathan partners – Noble Energy, Delek Drilling, Avner Oil Exploration, and Ratio Oil Exploration – are participating as sellers of a 25% interest in the licenses to Woodside. Noble Energy will convey a 9.66% working interest and will continue as upstream operator with a 30% working interest. Following completion of the transaction, Woodside will become the operator of any LNG development of the field. Noble Energy, Inc. (NYSE:NBL) shares closed at $66.20 on last trade day, by gaining 5.73%. Stock 52 week range is $52.62 – $78.01. Company’s market capitalization is $23.90 billion.
Statoil ASA(ADR) (NYSE:STO) scaled back spending plans and cut production targets as Norway’s largest oil and gas producer seeks to boost free cash flow and shareholder returns amid rising costs and stagnating energy prices. Statoil ASA(ADR) (NYSE:STO) stock advanced 6.10% and finished the last session at $25.40. The EPS of the stock remained 1.92. Company’s market capitalization is $80.77 billion.
Research analysts at CSFB lifted their price objective on shares of Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) from C$8.00 to C$9.00 in a report released on Wednesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. CSFB’s price objective would indicate a potential downside of 10.71% from the company’s current price. Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) stock opened at $8.43 in last trading session and closed at $9.11. The 52 week range of the stock is $5.18 – $11.92 and the day range was $8.34 – $9.16.