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Day: November 6, 2019

Northland Power Reports Third Quarter 2019 Results

TORONTO, Nov. 06, 2019 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for the three and nine months ended September 30, 2019.“Northland continued to deliver healthy, sustainable results in the quarter with a 14% increase in adjusted EBITDA and free cash flow per share over last year,” noted Mike Crawley, President and Chief Executive Officer of Northland. “Most significantly, we acquired EBSA, a high-quality regulated Colombian utility. EBSA operates under a stable regulatory environment with an inflation-protected perpetual cash flow and is expected to serve as a platform for future growth for Northland in Colombia.”Mr. Crawley continued, “This quarter was also highlighted by the significant progress in our construction activities, where the installation and commissioning...

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Essential Energy Services Announces Third Quarter Financial Results

CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces third quarter results.INDUSTRY OVERVIEWThird quarter 2019 industry drilling and well completion activity remained below 2018 in Western Canada as concerns about political, regulatory and market access issues continued throughout the quarter. Faced with this uncertainty, Canadian exploration and production (“E&P”) companies maintained their cautious approach to spending during the quarter, which led to lower drilling and completion activity in the Western Canadian Sedimentary Basin (“WCSB”). Third quarter 2019 well completions represented the lowest third quarter activity since 2016. Well completions declined 21% compared to the three months ended September 30, 2018 and 23% compared to the nine...

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North Bud Farms Announces Annual General and Special Meeting on December 16th and the Closing of the First Tranche of its Non-Brokered Private Placement of Secured Convertible Debenture Units

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.TORONTO, Nov. 06, 2019 (GLOBE NEWSWIRE) — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) today announces that the Company will hold its Annual General and Special Meeting at 1:00 p.m. on Monday, December 16, 2019 at the office of McMillan LLP World Exchange Plaza, Suite 2000, Ottawa, Ontario.  Additionally, the Company is pleased to announce that on November 6, 2019, the board authorized the issuance of up to 4,000 convertible debenture units (“Units”) of the Company at a price of $1,000 per Unit for total gross proceeds of up to $4,000,000. Based on this decision the Company will not be closing any additional...

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Natural Gas Services Group, Inc. Announces Retirement of G. Larry Lawrence, Chief Financial Officer and Appointment of James R. Lawrence as Successor

Midland, Nov. 06, 2019 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company”), a leading provider of gas compression equipment and services to the energy industry, today announced that G. Larry Lawrence, the Company’s Vice President, Chief Financial Officer and Corporate Secretary will retire from the Company effective November 15, 2019. He will also relinquish his position as Principal Accounting Officer.“On behalf of the entire NGS family, I thank Larry for his dedicated service to NGS, his focus on building a strong finance organization to support the evolving needs of the Company and his commitment to adding value to our stakeholders,” said Stephen C. Taylor, NGS Chairman, President and Chief Executive Officer. “In his nearly decade of service to the Company, Larry was instrumental...

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Con Edison Chairman & CEO John McAvoy to Present at 2019 EEI Financial Conference on November 12

NEW YORK, Nov. 06, 2019 (GLOBE NEWSWIRE) — John McAvoy, chairman and chief executive officer of Consolidated Edison, Inc. (NYSE:ED), will present an overview of the company at the 2019 Edison Electric Institute Financial Conference on Tuesday, November 12 at 8:15 a.m. (Eastern Time).A live audio webcast and replay of the presentation will be available at http://www.wsw.com/webcast/eei6/ed. The link also will be posted at the Con Edison Investor Relations website at https://investor.conedison.com/presentations-webcasts.Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy-delivery companies, with approximately $12 billion in annual revenues and $56 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated...

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Melcor Developments announces third quarter results, declares quarterly dividend of $0.12 per share

EDMONTON, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter and nine months ended September 30, 2019. Revenue was down 10% to $53.95 million compared to Q3-2018. Year to date revenue was $129.92 million, down 12% compared to the same period last year. Weaker residential markets in Alberta led to a 17% decrease in Community Development revenue over the same period last year. Investment Properties revenue grew by 21% over Q3-2018 as a result of increased occupancy, transfers from the Property Development division and third party acquisitions over the past 12 months. Investment properties owned gross leasable area grew by 9%.Q3-2019 net income was up 40% at $16.07 million. Year to date net...

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Occidental Announces Dividend

HOUSTON, Nov. 06, 2019 (GLOBE NEWSWIRE) — Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $0.79 per share on common stock payable on January 15, 2020, to stockholders of record as of December 10, 2019.Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $3.16 per share.About OccidentalOccidental is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. We are the leading producer and largest acreage holder in the Permian Basin. Occidental is advancing a lower-carbon future with our subsidiary Oxy Low Carbon Ventures, which promotes innovative technologies that drive cost efficiencies...

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ObsEva SA to Hold Conference Call to Discuss IMPLANT 4 Trial Results and Third Quarter 2019 Financial and Business Update on November 7, 2019

 Geneva, Switzerland and Boston, MA –November 6, 2019 – ObsEva SA (NASDAQ: OBSV / SIX: OBSN), a biopharmaceutical company developing and commercializing novel therapies to improve women’s reproductive health, today announced that it will release results from the Phase 3 IMPLANT 4 clinical trial of nolasiban and third quarter 2019 financial results on Wednesday, November 7, 2019.  ObsEva management will host an investment community conference call at 8 a.m. Eastern Time, 2 p.m. Central European Time, Wednesday November 7, 2019, to discuss these results.  Investors may participate by dialing (844) 419-1772 for U.S. callers or +1 (213) 660-0921 for international callers, and referring to conference ID 9273485.  A webcast of the conference call can be accessed under the “Investors” section of ObsEva’s website www.obseva.com. About ObsEvaObsEva...

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iQIYI Announces Third quarter 2019 Financial Results

BEIJING, Nov. 06, 2019 (GLOBE NEWSWIRE) — iQIYI, Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), an innovative market-leading online entertainment service in China, today announced its unaudited financial results for the third quarter ended September 30, 2019.Third quarter 2019 HighlightsTotal revenues were RMB7.4 billion (US$1.0 billion1), representing a 7% increase from the same period in 2018.Operating loss was RMB2.8 billion (US$396.2 million) and operating loss margin was 38%, compared to operating loss of RMB2.6 billion and operating loss margin of 37% in the same period in 2018.Net loss attributable to iQIYI was RMB3.7 billion (US$516.0 million), compared to net loss attributable to iQIYI of RMB3.1 billion in the same period in 2018. Diluted net loss attributable to iQIYI per ADS was RMB5.04 (US$0.70).The...

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