(ECA, HBM, BAX, DLR) Notable Stocks by PennyOTCStock.com
Posted February 18th, 2012 at 05:21pm
Encana Corporation (NYSE: ECA) owns interests in Canadian natural gas resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta. Encana Corporation engages in the exploration for, development, production, and marketing of natural gas and natural gas liquids primarily in Canada and the United States.
Encana Corporation has entered into an agreement with Mitsubishi Corporation that will see the Japanese global integrated business enterprise invest approximately C$2.9 billion for a 40 percent interest in the Cutbank Ridge Partnership. The Partnership holds about 409,000 net acres of Encana's undeveloped Montney-formation natural gas lands in the company's Cutbank Ridge resource play in northeast British Columbia. Through the Cutbank Ridge Partnership, Encana and Mitsubishi plan to create long-term shareholder value by jointly developing production capacity to deliver abundant natural gas to markets for decades ahead.
Under the agreement, Encana will own 60 percent and Mitsubishi will own 40 percent of the Cutbank Ridge Partnership. Mitsubishi will pay C$1.45 billion on closing, which is expected to occur later this month, and Mitsubishi will invest C$1.45 billion in addition to its 40 percent of the Partnership's future capital investment for a commitment period, which is expected to be about five years, thereby reducing Encana's capital funding commitments to 30 percent of the total expected capital investment over that period. The assets in the Partnership include about 409,000 net acres of undeveloped Montney lands in British Columbia, plus additional development potential in the Cadomin and Doig geological formations. Encana will be the managing partner and operator of the Partnership. This transaction does not include any of Encana's current Cutbank Ridge production of about 600 million cubic feet of natural gas per day, processing plants, gathering systems or Encana's Alberta landholdings.
For more information about Encana, please visit: www.encana.com
Hudbay Minerals Inc. (NYSE:HBM) announced that David Garofalo, President and Chief Executive Officer, will be speaking on Tuesday, February 28, 2012 at 9:30 a.m. ET at the BMO Capital Markets 2012 Global Metals & Mining Conference held in Hollywood, Florida at The Westin Diplomat. The presentation will be available on HudBay's website at www.hudbayminerals.com.
HudBay Minerals Inc. engages in the discovery, production, and marketing of copper concentrates containing copper, gold, and silver, and zinc metal and zinc oxide in North, Central, and South America.
Baxter International Inc. (NYSE:BAX) announced that it will present at the Citi 2012 Global Healthcare Conference on Wednesday, February 29, 2012, at 10:00 a.m. (ET). The live webcast of Baxter's presentation can be accessed from the Baxter corporate website at www.baxter.com and will be available for replay through March 29, 2012.
Baxter International Inc., through its subsidiaries, develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.
Digital Realty Trust, Inc. (NYSE:DLR), a leading global provider of data center solutions, announced financial results for its fourth quarter and for the full year ended December 31, 2011. All per share results are on a diluted share and unit basis. Net income for the fourth quarter of 2011 was $47.2 million, compared to $37.7 million for the third quarter of 2011 and $36.3 million for the fourth quarter of 2010. Net income available to common stockholders in the fourth quarter of 2011 was $36.0 million, or $0.34 per share, compared to $31.9 million, or $0.31 per share, in the third quarter of 2011, and $24.9 million, or $0.27 per share in the fourth quarter of 2010. For the year ended December 31, 2011, net income was $162.1 million, up 53.8% over 2010 net income of $105.4 million. Net income available to common stockholders for the year ended December 31, 2011 was $130.9 million, or $1.32 per share, up 94.1% from $0.68 per share in 2010. The Company reported total operating revenues of $270.6 million in the fourth quarter of 2011, up 13.4% from $238.7 million in the fourth quarter of 2010, and total operating revenues of $1.1 billion for the year 2011, up 22.8% from $865.4 million in 2010.
Digital Realty Trust, Inc., a real estate investment trust (REIT), through its controlling interest in Digital Realty Trust, L.P., engages in the ownership, acquisition, development, redevelopment, and management of technology-related real estate.
Sign Up for Free Stock Newsletter at http://www.pennyotcstock.com/signup
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyOtcStock.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold PennyOmega.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://pennyotcstock.com/disclaimer) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.