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News Breaks
February 17, 2014
18:17 EDTDRCDresser-Rand says Q4 operating income lower than expected
Dresser-Rand said, "Our fourth quarter operating income before the potential impact of the proposed Spanish regulation is expected to be at a record level for our Company; however, it will be lower than our earlier expectation due primarily to the two items mentioned above. Additionally, we expect to report a record level of aftermarket bookings for 2013, and while new unit bookings for 2013 were affected by project delays during the course of the year, especially in the upstream part of the business, we had a strong level of bookings in the fourth quarter 2013. We also saw in the fourth quarter improvement in our net working capital and operating margins."
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March 31, 2015
07:33 EDTDRCEner-Core provides update on progress with Dresser-Rand, Pacific Ethanol
Ener-Core (ENCR) released an update on its pending sale to Dresser-Rand (DRC) of two Ener-Core Power Oxidizers that will be coupled with the Dresser-Rand KG2-3GEF two-megawatt gas turbine generators for Pacific Ethanolís (PEIX) Stockton, CA plant. On March 17, Ener-Core received a non-binding notification letter from Dresser-Rand noting Dresser-Randís intent to issue a formal purchase order for $2.1M pursuant to the Supply Agreement terms of the Commercial License Agreement that it signed with Ener-Core in November 2014. The letter characterizes the agreement with Pacific Ethanol as ďa huge milestone and a great opportunity to demonstrate the importance of the Ener-Core power oxidizer,Ē and states that the Dresser-Rand project team has already engaged and is working with the Ener-Core team. The Letter of Intent also notes that the formal purchase order to Ener-Core is contingent upon a successful SSAT as defined in the CLA and scheduled to be conducted in June, after which time Dresser-Rand has agreed to issue the purchase order. Pacific Ethanol announced its agreement with Dresser-Rand in January, to install a cogeneration system including two of Ener-Coreís Power Oxidizers to convert waste gas from ethanol production into electricity and steam. This agreement followed Ener-Coreís November 2014 entrance into a global licensing agreement with Dresser-Rand to develop and market the Dresser-Rand KG2-3GEF gas turbine coupled with the Ener-Core oxidizer.
March 27, 2015
12:19 EDTDRCDresser-Rand volatility elevated on European Commission antitrust investigations
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March 26, 2015
10:30 EDTDRCOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
March 25, 2015
10:48 EDTDRCEU suspends Siemens-Dresser-Rand deal investigation, Reuters reports
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March 19, 2015
11:08 EDTDRCDresser-Rand drops 2% after German magazine highlights integration issues
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11:07 EDTDRCDresser-Rand, Siemens integration not smooth, Manager Magazin says
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