TSO Ex-Dividend Reminder - 5/29/13 Tuesday, May 28, 2:28 PM ET, by Market News Video Staff On 5/29/13, Tesoro Corporation (TSO) will trade ex-dividend, for its quarterly dividend of $0.20, payable ...
HK Crosses Critical Technical Indicator Wednesday, May 29, 11:40 AM ET, by Market News Video Staff In trading on Wednesday, shares of Halcon Resources Corp (HK) entered into oversold territory, changing ...
Cabot Oil & Gas (NYSE:COG) said today it has sold its last remaining investment in Canada for $61.3 million. The company closed the sale of its Canadian subsidiary, Cabot Petroleum Canada Corporation, to Tourmaline Oil Corp in the second quarter of 2009. As part of the consideration in the transaction, Cabot received cash and three million shares in the privately held company. Today, Tourmaline commenced trading as a public company allowing for sale of the stock to take place. Settlement for the new shares will occur Friday. Cabot said the events are timely, and enhance its balance sheet by turning the shares into cash.
Shares of COG are trading higher by about 1% on Wednesday.
Cabot is 3.02% of the SPDR S&P Oil & Gas Exploration & Production ETF (AMEX:XOP), making it a top ten holding in the fund.
Atlas Energy (ATL) is the top holding of the fund at 3.81% of the portfolio, followed by Newfield Explorations Co. (NYSE:NFX) at 3.31% of the portfolio, and Tesoro (NYSE:TSO) at 3.29% of the fund.
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