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HomeBusiness NewsSeadrill Ltd (NYSE:SDRL) on Active Notes With Mastercard Inc (NYSE:MA), Exelon Corporation...

Seadrill Ltd (NYSE:SDRL) on Active Notes With Mastercard Inc (NYSE:MA), Exelon Corporation (NYSE:EXC), Comstock Resources Inc (NYSE:CRK)


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An offshore drilling contractor, Seadrill Ltd (NYSE:SDRL) declared that Petrobras authorization had been received for the expansions of its ultra-deepwater semi-submersibles the West Taurus as well as West Eminence. Owing to current developments within Petrobras, the firm no longer thinks that the agreements would be concluded in the timeframe or on the previously permitted commercial terms. As a result, Seadrill would take away $1.1B from the backlog released in its Q3 earnings release. Whereas, shares of Seadrill Ltd (NYSE:SDRL) traded down of -5.38% to finished at USD12.32 with market capitalization of 6.00 billion.

Mastercard Inc (NYSE:MA) reported that that it aims to invest over $20M in cybersecurity-related technology enhancements to deliver better peace of mind for MasterCard cardholders, merchants as well as issuing banks. MasterCard articulated that it will release MasterCard Safety Net in the U.S. this spring. The solution is designed to decrease the risk of fraud or cyberattacks before issuers and processors might notice the threat. It provides an independent layer of security on top of the tools and policies of financial institutions, by monitoring and blocking specific transactions based on selected criteria. Mastercard Inc (NYSE:MA) stock lowered of -0.43% to closed at $87.14 with the total traded volume of 5.51 million shares.

Exelon Corporation (NYSE:EXC) as well as Pepco Holdings Inc. (POM) reported that they have signed a settlement contract in the proceeding before the Delaware Public Service Commission (PSC) to review the two firms’ planned merger, which was released on April 30, 2014. The settlement, which is subject to the authorization of the Commissioners of the PSC, was filed by Exelon and Pepco Holdings, Delmarva Power, and signed by PSC Staff, the Delaware Public Advocate, the Department of Natural Resources and Environmental Control (DNREC), the Delaware Sustainable Energy Utility, the Mid-Atlantic Renewable Energy Coalition, and the Clean Air Council. Exelon Corporation (NYSE:EXC) saw as a loser stock in last session, fell -2.70% to finish at $33.51 with the overall traded volume of 15.09 million shares. The street professionals’ recommendation trends reflect as, stock on “Buy” rating by 5 analysts, while 9 analysts rate its shares as a “hold” security.

Comstock Resources Inc (NYSE:CRK) declared on Friday that it will halt its quarterly dividend due to lower oil and gas prices and uncertainty surrounding prices for together commodities. The Frisco, Texas-based firm said that during this period of weak commodity prices, they think that it is most important to protect liquidity and have more funds available to invest in thier drilling program. Comstock will think reinstating dividend in future quarters based on general economic conditions, the firm’s financial position, capital requirements and other factors. Comstock Resources Inc (NYSE:CRK) after opening at $5.76 hit its day high price of $6.09 moreover rose 8.17% to closed at $6.09.


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