W&T Offshore, Inc. (NYSE:WTI) declared a new discovery at Ewing Banks 910 and first production from the SS #6 well at Mississippi Canyon 538 field (“Medusa”), both in the deepwater of the Gulf of Mexico. The Company also provided an update on the status of the Big Bend and Dantzler deepwater development projects.
W&T made a new discovery at Ewing Banks 910 with the successful drilling and evaluation of the Ewing Banks 910 A-5 ST well. The Company logged 160 feet of gross hydrocarbon interval and is presently completing the well. We expect recovery from the well to exceed our pre-drill estimates and we anticipate that the well could be online and flowing by the end of the second quarter. W&T has a 50% working interest in this well.
W&T Offshore, Inc. (NYSE:WTI)showing dropped of -2.74% and closed at $5.33, after gaining total volume of 1.14 million shares. Its earnings per share (EPS) is -$3.66 and its beta value stands at 2.53 points and has total market capitalization of $416.13 million and a total of 75.94 million outstanding shares.
Loews Corporation (NYSE:L) declared that James S. Tisch, Chief Executive Officer, took part in the Bernstein Planned Decisions Conference in New York. Mr. Tisch spoke on May 28, 2015 at 9:00 am EDT. A webcast was accessible live and for replay on the Events & Presentations section of the Loews investor relations website: http://ir.loews.com.
Loews Corporation (NYSE:L) reported the surge of +0.74%, after closing price for the day was $40.73. Its total trading volume for the day was 1.13 million shares, versus its average volume of 912,508.00 shares. Its earnings per share are $2.12.
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) declared recently a cash distribution of $0.04166 per ordinary unit for the third month attributable to the first quarter of 2015, payable on June 12, 2015, to record holders of its ordinary units at the close of business on June 8, 2015. This monthly distribution is equal to a distribution of $0.50 per ordinary unit on an annualized basis.
BreitBurn Energy Partners L.P. (NASDAQ:BBEP) increased+0.94% closed at $5.36 and traded with total volume of 1.14 million shares, while the average trading remained 1.70 million shares. During last trade its minimum price was $5.30 and it gained the highest price of $5.45. Its market capitalization was $1.12 billion.
Blackstone Mortgage Trust Inc (NYSE:BXMT) declared the pricing of an underwritten public offering of 10,000,000 shares of its class A ordinary stock. The underwriters have been granted a 30-day option by the Company to purchase up to an additional 1,500,000 shares. The offering is predictable to close on June 5, 2015 and is subject to customary closing conditions. Total estimated gross proceeds of the offering are $296.5 million or around $341.0 million if the underwriters exercise their option to purchase additional shares in full.
Blackstone Mortgage Trust Inc (NYSE:BXMT) reported the plunge of -0.90% and closed at $29.63, with the total traded volume of 1.13 million shares. During last trade its minimum price was $29.59 and it gained its highest price of $29.90 and has a total of 81.45 million outstanding shares.