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Fed pumps more cash as key rate breaks above target

9 hours ago DieselGasoil Comments Off on Fed pumps more cash as key rate breaks above target
NEW YORK (Reuters) – The Federal Reserve injected another $75 billion into the U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank’s benchmark interest rate above its targeted range for the first time since the financial crisis. FILE PHOTO: Read More

Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon

14 hours ago DieselGasoil Comments Off on Fed does the ‘right thing’ in supporting repo market: JPMorgan’s Dimon
WASHINGTON (Reuters) – JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon credited the U.S. Federal Reserve on Wednesday with doing the “right thing” in supporting the overnight funding needs of banks after borrowing costs suddenly spiked on Monday. JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative Read More

Explainer: The Fed has a repo problem. What’s that?

18 hours ago DieselGasoil Comments Off on Explainer: The Fed has a repo problem. What’s that?
(Reuters) – As if the U.S. Federal Reserve didn’t already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March Read More

TC Energy provides Series 9 Preferred Shares conversion right and dividend rate notice

19 hours ago DieselGasoil Comments Off on TC Energy provides Series 9 Preferred Shares conversion right and dividend rate notice
CALGARY, Alberta, Sept. 18, 2019 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) on October 30, 2019. As a result, subject to certain conditions, the holders Read More

Futures on back foot before Fed policy decision

20 hours ago DieselGasoil Comments Off on Futures on back foot before Fed policy decision
(Reuters) – U.S. stock index futures dipped on Wednesday as investors waited for the Federal Reserve’s decision on interest rates in what has been a rocky week for global markets. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid The central Read More

Alta Mesa Resources Receives Nasdaq Notice of Delisting

1 day ago DieselGasoil Comments Off on Alta Mesa Resources Receives Nasdaq Notice of Delisting
HOUSTON, Sept. 17, 2019 (GLOBE NEWSWIRE) — Alta Mesa Resources, Inc. (NASDAQ: AMR, “Alta Mesa Resources” or the “Company”) today announced that, on September 13, 2019, it received notice from the Nasdaq Stock Market (“Nasdaq”) that, because the Company filed for protection under Chapter 11 of the U.S. Bankruptcy Code on September 11, 2019 (the Read More

Orca Announces Quarterly Dividend

2 days ago DieselGasoil Comments Off on Orca Announces Quarterly Dividend
TORTOLA, British Virgin Islands, Sept. 17, 2019 (GLOBE NEWSWIRE) — Orca Exploration Group Inc. (“Orca” or the “Company”) (TSX-V: ORC.A, ORC.B) today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 (Cdn) per Class A Common Voting Share of the Company and $0.06 (Cdn) per Class B Subordinate Voting Share Read More

Corning Natural Gas Holding Corporation Declares Dividend

2 days ago DieselGasoil Comments Off on Corning Natural Gas Holding Corporation Declares Dividend
CORNING, N.Y., Sept. 17, 2019 (GLOBE NEWSWIRE) — Corning Natural Gas Holding Corporation’s (OTC: CNIG) Board of Directors declared a dividend on its common stock, $0.145 per share, for the quarter ending September 30, 2019. The Board also approved its Series A Cumulative Preferred Stock and Series B Convertible Preferred Stock dividends for shareholders of Read More

U.S. solar market growth slows this year as projects pushed back

2 days ago DieselGasoil Comments Off on U.S. solar market growth slows this year as projects pushed back
FILE PHOTO: An array of solar panels is seen in the desert near Victorville, California, U.S. March 28, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – The U.S. solar market will grow more slowly than previously forecast this year as some large projects are shifted into 2020, an industry trade group said on Tuesday. The Solar Energy Read More

Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program, Substantially Increase Free Cash Flow Generation and Announces a Fall Borrowing Base Redetermination of $1.175 Billion and Commitment Amount to the Credit Facility of $200 Million

2 days ago DieselGasoil Comments Off on Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program, Substantially Increase Free Cash Flow Generation and Announces a Fall Borrowing Base Redetermination of $1.175 Billion and Commitment Amount to the Credit Facility of $200 Million
ENGLEWOOD, Colo., Sept. 16, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (OTCQX: UPLC) announces that it has received unanimous approval from the lenders for its revolving credit facility (the “Credit Facility”) and entered into an amendment that, among other items, removes the financial maintenance covenants from the Credit Facility. This Read More