Alliant Energy Corporation’s (LNT Quick QuoteLNT ) subsidiary Wisconsin Power and Light Company completes pricing 1.950% green debentures worth $300 million due Sep 16, 2031. The offering is likely to close on Sep 16, 2021, subject to certain customary closing conditions.
Net proceeds will be used for constructing and developing wind and solar facilities.
Long-term debt (excluding current portion) was $6,468 million as of Jun 30, 2021, lower than $6,769 million on Dec 31, 2020. Its total liquidity as of Jun 30, 2021 was $545 million (including cash and funds available under the credit facility), which is sufficient to meet its near-term debt obligations. There is no significant debt maturity for the company in 2021. Its current total debt to total capital is 54.85%, lower than the industry’s average of 56.97%.
The company’s times interest earned ratio at the end of second-quarter 2021 was 3, a tad lower than the 2020-end level. The times interest earned ratio of more than 1 indicates that it has enough financial strength to meet its debt obligations in the near future.
Best Energy Stocks To Invest In 2023: Natural Gas(NG)
NovaGold Resources Inc., through its subsidiaries, engages in the exploration and development of mineral properties primarily in North America. The company primarily explores for gold, silver, copper, zinc, and lead ores. It holds interests in the Donlin Creek property covering 81,361 acres and the Ambler property comprising 90,614 acres located in Alaska; and the Galore Creek property comprising 293,838 acres located in northwestern British Columbia, Canada. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada.
- [By ]
The Paulson & Co. 13F showed that it held 40 stocks at the end of the second quarter. Its largest position is drug manufacturer Bausch Health Companies (BHC), accounting for 18.2% of its overall portfolio. In addition, Paulson owns large positions in several gold producers, the biggest being NovaGold Resources (NG).
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Novagold Resources (NG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
A number of large investors have recently made changes to their positions in NG. SlateStone Wealth LLC purchased a new stake in NovaGold Resources during the 4th quarter valued at about $49,000. Signition LP purchased a new position in NovaGold Resources during the fourth quarter worth approximately $50,000. Pin Oak Investment Advisors Inc. boosted its position in NovaGold Resources by 42.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 23,985 shares of the mining company’s stock worth $95,000 after purchasing an additional 7,125 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in NovaGold Resources by 16.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,610 shares of the mining company’s stock worth $98,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in NovaGold Resources during the fourth quarter worth approximately $128,000.
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About NovaGold Resources (NYSEAMERICAN:NG)
- [By Stephan Byrd]
Novagold Resources (NASDAQ:NG) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Best Energy Stocks To Invest In 2023: SandRidge Permian Trust(PER)
Sandridge Permian Trust (the Trust), incorporated on May 12, 2011, is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas (the Underlying Properties). The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests. The Trust’s properties consist of Royalty Interests in the initial wells and over 860 additional wells (equivalent to over 890 trust development wells under the development agreement) that are drilled and perforated for completion. The Royalty Interests are in properties located in the greater Fuhrman-Mascho field, a field in Andrews County, Texas that produces oil primarily from the Grayburg/San Andres formation in the Permian Basin. The Permian Basin extends throughout southwestern Texas and southeastern New Mexico over an area approximately 250 miles wide and over 300 miles long.
The Royalty Interests entitle the Trust to receive over 80% of the proceeds from the sale of oil, natural gas and natural gas liquids (NGLs) production attributable to SandRidge Energy, Inc. (SandRidge)’s net revenue interest in over 520 oil and natural gas wells developed, including over 20 wells awaiting completion at the time and over 70% of the proceeds from the sale of oil, natural gas and NGL production attributable to SandRidge’s net revenue interest in over 890 development wells drilled within an area of mutual interest (AMI). SandRidge sells oil, natural gas and NGL from the Underlying Properties to a range of customers, including oil and natural gas companies, and trading and energy marketing companies.
- [By Max Byerly]
Media coverage about SandRidge Permian Trust (NYSE:PER) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SandRidge Permian Trust earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.3601951962152 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Best Energy Stocks To Invest In 2023: Pioneer Energy Services Corp.(PES)
Pioneer Energy Services Corp. provides land-based drilling services and production services to a diverse group of independent and large oil and gas exploration and production companies in the United States and internationally in Colombia. We also provide two of our services (coiled tubing and wireline services) offshore in the Gulf of Mexico. Drilling services and production services are fundamental to establishing and maintaining the flow of oil and natural gas throughout the productive life of a well and enable us to meet multiple needs of our clients. * Drilling Services Segment– From 1999 to 2011, we significantly expanded our fleet through acquisitions and the construction of new-build drilling rigs. Advisors’ Opinion:
- [By Ethan Ryder]
Pioneer Energy Services (NYSE: PES) and Key Energy Services (NYSE:KEG) are both small-cap oils/energy companies, but which is the better business? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, earnings, profitability, institutional ownership, dividends and risk.
- [By Shane Hupp]
Seadrill Partners (NYSE: SDLP) and Pioneer Energy Services (NYSE:PES) are both small-cap oils/energy companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, valuation, analyst recommendations, institutional ownership, earnings, dividends and profitability.
Best Energy Stocks To Invest In 2023: Laredo Petroleum, Inc.(LPI)
Laredo Petroleum, Inc. operates as an independent energy company in the United States. It focuses on the acquisition, exploration, and development of oil and natural gas properties, as well as the transportation of oil and natural gas primarily in the Permian Basin in West Texas. As of December 31, 2015, it had interests in the 135,408 net acres in the Permian Basin; and had total proved reserves of 125,698 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.
- [By Peter Graham]
Note that in January, Emerge Energy Services LP announced that Superior Silica Sands LLC had signed a new agreement with Chesapeake Energy Corporation’s (NYSE: CHK) covering frac sand supplied from Superior’s San Antonio mine in South Texas. The CEO commented:
- [By Matthew DiLallo]
Chesapeake Energy (NYSE:CHK) spent tens of billions of dollars gobbling up drillable land during the last decade’s shale leasing boom. A result of that buying boom is that the company tacked on a significant amount of debt to its balance sheet, which weighed it down as commodity prices plunged. That forced the company to sell off some of its drillable land to stay afloat.
- [By Paul Ausick]
Chesapeake Energy Corp. (NYSE: CHK) traded up about 1% at $2.93 in a 52-week range of $1.71 to $5.60.
EOG Resources Inc. (NYSE: EOG) traded down about 1% at $94.11. The 52-week range is $82.04 to $133.53.
- [By Matthew DiLallo]
Chesapeake Energy (NYSE:CHK) reported surprisingly strong results for the fourth quarter, which ignited shares of the oil and gas producer. Here are five of the most impressive numbers from that report, which show just how far Chesapeake has come in the past year.