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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:24 EDTNES, PVAJefferies to hold a summit
Boston Energy Summit to be held in Boston on June 26.
News For NES;PVA From The Last 14 Days
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August 15, 2014
14:32 EDTPVAPemex CEO sees beginning to import U.S. light crude, Reuters says
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August 13, 2014
10:14 EDTNESNuverra Environmental management to meet with Needham
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August 7, 2014
16:13 EDTNESNuverra Environmental says Q2 trends support view of stronger 2H
The company said, “Looking ahead, the trends we observed in the second quarter support our expectation for a stronger back half of the year. We anticipate E&P spending levels related to drilling and completion activities to continue to intensify, which will require that more fluids and solids be managed both on and off the well sites. The anticipated increase in E&P spending combined with an increasingly demanding environmental regulatory landscape forms the basis for our positive outlook. Additionally we believe the progress we have made in advancing our integrated business model, including new initiatives like the pipeline and Environmental Treatment Centers for solids, will drive margins, growth, and returns on invested capital.”
16:12 EDTNESNuverra Environmental reports Q2 EPS (91c), consensus (22c)
Reports Q2 revenue $126.9M, $156.6M including TFI, consensus $144.8M. Results of operations of Thermo Fluids Inc. are reflected as discontinued operations due to its pending divestiture. The company said, “During the second quarter, we sharpened our focus on pricing within the Shale Solutions segment in order to further strengthen our overall platform and reduce low-margin business. We implemented pricing increases in multiple basins during the quarter, which included releasing some business that does not meet our profitability targets. We also identified opportunities to become more efficient and reduce costs. While these activities as a whole resulted in essentially flat sequential revenue for the second quarter, we achieved a 220 bps sequential improvement in adjusted EBITDA margins at our Shale Solutions segment, and a 328 bps sequential improvement in adjusted EBITDA margins from continuing operations.”

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