Day: April 13, 2020

DENVER, April 13, 2020 (GLOBE NEWSWIRE) — Today, in response to unprecedented market conditions and an uncertain economic outlook caused by the COVID-19 pandemic, DCP Midstream, LP (NYSE: DCP) announced a 15% workforce reduction across its nine-state footprint. The company is providing severance packages, subsidized health coverage, and outplacement counseling for impacted employees.The senior executive team also unanimously elected to reduce their base salary and variable compensation by between 15% and 10%. The reduction in force, voluntary reductions in senior executive compensation, and other internal cost savings will result in $40 million of incremental retained cash flow. Additionally, DCP has identified $10 million of incremental sustaining capital reductions. These actions come three weeks after the company announced a...

WILMINGTON, Del., April 13, 2020 (GLOBE NEWSWIRE) — WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, expects to report first quarter 2020 earnings at the end of business, Monday, April 27, 2020.  Management will conduct a conference call to review this information at 1:00 p.m. Eastern Daylight Time (EDT) on Tuesday, April 28, 2020.  Interested parties may listen to this call by dialing (877) 312-5857 and using conference ID #9227636. Callers should dial a few minutes early in case of heavier call volume.A rebroadcast of WSFS’ first quarter 2020 earnings conference call will be available beginning at 4:00 p.m. EDT on Tuesday, April 28, 2020 until Saturday, May 9, 2020 by dialing (855) 859-2056 and using conference ID 9227636.About WSFS Financial CorporationWSFS Financial Corporation is a multi-billion-dollar...

SASKATOON, Saskatchewan, April 13, 2020 (GLOBE NEWSWIRE) — Cameco (TSX: CCO; NYSE: CCJ) announced today that it is extending the temporary production suspension at the Cigar Lake uranium mine in northern Saskatchewan as the effects of the global COVID-19 pandemic persist.Cameco announced on March 23 that the Cigar Lake operation was being placed in safe care and maintenance mode for four weeks, during which we would assess the status of the situation and determine whether to restart the mine or extend the production suspension.With the impact of COVID-19 continuing to escalate, we have determined that the Cigar Lake workforce will need to remain at its current reduced level for a longer duration. The precautions and restrictions put in place by the federal and provincial governments, the increasing significant concern among leaders...

BIRMINGHAM, Ala., April 13, 2020 (GLOBE NEWSWIRE) —  First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank, announced today a change in location for the Company’s 2020 Annual Meeting of Shareholders (the “Annual Meeting”) via the filing of additional proxy materials with the Securities and Exchange Commission (the “SEC”).In order to mitigate potential risks to the health and safety of the Company’s shareholders, employees, community and other stakeholders during the ongoing coronavirus (COVID-19) pandemic, the Company will hold the Annual Meeting on Thursday, April 30, 2020, at 10:00 a.m., Central Time, in a virtual meeting format only, via live audio webcast, in order to provide a consistent and convenient experience to shareholders, regardless of location.  Shareholders will not be able...

HOUSTON, April 13, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an operational update including the successful completion of the South East Etame 2H workover and the release of the drilling rig used in its highly successful 2019/2020 drilling program.HighlightsSuccessfully completed a planned workover on the South East Etame 2H well and restored 2,400 gross barrels of oil per day (“BOPD”), 650 BOPD net revenue interest (“NRI”)(1) to VAALCO;Increased total Company production to approximately 5,400 BOPD NRI or 6,200 working interest (“WI”)(2) BOPD following the successful workover;Released the Vantage Drilling International Topaz jackup drilling rig on April 9, 2020;Produced 4,944 BOPD NRI, or 5,683 BOPD WI in the first quarter of 2020, near the high end of first quarter...

LUXEMBOURG, April 13, 2020 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced that, in response to an adverse scenario of declining oil and gas prices, unprecedented oversupply in the oil market, and operational restrictions originated by the COVID-19 crisis, the company is restructuring its operations in the United States.Tenaris’s facilities in Koppel and Ambridge, PA, Brookfield, OH, and Baytown, TX, have been or will be temporarily closed until market conditions improve. In addition, Tenaris will be performing employee reductions and adjusting production levels at its other facilities in line with market demand.  Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions...

LUXEMBURGO, April 13, 2020 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE, México: TS y MTA Italia: TEN) anunció que, en respuesta al escenario adverso de precios del petróleo y gas en caída, sobreoferta sin precedentes en el mercado petrolero, y restricciones a las operaciones derivadas de la crisis del COVID-19, la sociedad está reestructurando sus operaciones en los Estados Unidos.Las plantas de Tenaris en Koppel y Ambridge, PA, Brookfield, OH, y Baytown, TX, han sido o serán temporalmente cerradas hasta tanto las condiciones de mercado mejoren.  Adicionalmente, Tenaris llevará a cabo reducciones de personal y ajustará niveles de producción en sus otras plantas en línea con la demanda de mercado.  Algunas de las declaraciones que aparecen en este comunicado de prensa son “declaraciones a futuro”. Las declaraciones a futuro están basadas...

NEW HAVEN, Conn., April 13, 2020 (GLOBE NEWSWIRE) — Arvinas, Inc. (Nasdaq: ARVN), a clinical-stage biotechnology company creating a new class of drugs based on targeted protein degradation, today provided an update regarding the impact of the COVID-19 pandemic on its overall business continuity, including clinical trials, supply chain, and discovery research.Throughout the ongoing COVID-19 pandemic, Arvinas remains committed to keeping employees and their families safe and to reduce the number of people exposed to the virus. Arvinas also remains committed to continuing to create a new class of drugs based on targeted protein degradation, including continued development of the company’s PROTAC® protein degraders currently in ongoing clinical trials.In early March 2020, Arvinas activated business continuity plans to minimize business...

BURLINGTON, Mass., April 13, 2020 (GLOBE NEWSWIRE) — LeMaitre Vascular, Inc. (Nasdaq:LMAT), a provider of vascular devices, implants and services, announced today Q1 2020 preliminary, unaudited results and withdrew prior annual guidance for 2020 due to the potential impact of COVID-19.Q1 2020 Preliminary ResultsSales of $30.4mm to $30.6mmOperating income of $4.2mm to $4.4mmEarnings of $0.15 to $0.16 per diluted shareCash balance of $30.6mm and no long-term debt at March 31, 2020The COVID-19 pandemic began to negatively impact sales in the second half of March.  Due to the unpredictable magnitude and duration of the COVID-19 pandemic, the Company is withdrawing its previously announced annual guidance for 2020.The Company will release its first quarter 2020 financial results, as well as additional information related to the impact...

MEXICO CITY, April 13, 2020 (GLOBE NEWSWIRE) — Terrafina (”TERRA”) (BMV: TERRA13), a leading Mexican industrial real estate investment trust (“FIBRA”), externally advised by PGIM Real Estate and dedicated to the acquisition, development, leasing and management of industrial real estate properties in Mexico, announced today that:In light of the emergency situation in Mexico related to COVID-19, and the social distancing measures dictated by the Mexican Government, the National Banking and Securities Commission (CNBV) issued a resolution to grant temporary administrative easing measures to issuers in the Mexican market. Among other matters, the CNBV extended the deadline for the submission of annual financial information to July 8, 2020. Therefore, Terrafina has made the decision to postpone until further notice the annual ordinary...