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Rex Energy Corp.: Two Major Moves in Span of Week (REXX, DTI)
By Ryan Hotchkiss | September 21, 2016 — 3:20 PM EDT
Three weeks after selling its Illinois Basin oil assets to Campbell Development Group LLC, Rex Energy Corp. (REXX) announced plans to expand considerably its natural gas distribution into the Mid-West and the Gulf Coast. After agreeing on a deal with Campbell to relinquish over 76,000 acres in the Ohio Basin, Rex Officials told its shareholders of its distribution plans adding that a full 50% of its natural gas production in Pennsylvania will eventually go to the southern region. (See also: Penny Stocks to Watch for September 2016.)
In exchange for $40 million up front and a potential $10 million more if commodity prices rice, Rex accepted the deal with Campbell and followed up by signing a deal with Dominion Transmission Inc. (DTI) five days later. The deal Rex struck with Dominion is for the use of its Lebanon West II natural gas pipeline. This pipeline is a means for Rex to service the Mid-West’s Warren County, Ohio with 130 MMBtu/d.
However, the company’s move to begin large scale distribution between the Mid-West and the Gulf Coast will not happen all at once. Rex stated that reaching goal of distributing 50% of its production to the Gulf Coast will take until April of 2017 as it waits completion of transportation.
Rex is awaiting completion of a high-pressure gathering system. The purpose of the system is actually to decrease the pressures of the current operation and provide a more measured delivery.
But, even after making two major moves this week, investors seemed not to take notice of Rex Energy Corp. Its stock dropped from opening price to .51 by mid-morning, climbed back to a daily high of .55 by mid-afternoon and finally settled in at .53 by closing for a modest .13% one-day increase.
Still, in the midst of energy’s drop of 3.12% drop, Rex’s day was a relative success.
Read more: Rex Energy Corp.: Two Major Moves in Span of Week (REXX, DTI) | Investopedia http://www.investopedia.com/news/rex-energy-corp-two-major-moves-span-week-rexx-dti/#ixzz4KvL0HDGy
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is this rexx. not sure
MRIGlobal To Lead Study And Pilot Project For Rex Investment Limited To Electrify Rural Tanzania
ByPR Newswire Follow | 07/30/15 - 12:47 PM EDT
Exclusive FREE Report: Jim Cramer's Best Stocks for 2015.
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DAR ES SALAAM, Tanzania, July 30, 2015 /PRNewswire-USNewswire/ -- MRIGlobal of Kansas City, Missouri, USA has been selected by Rex Investment Limited of Tanzania to perform a feasibility study and a pilot project to provide electricity to a remote island village in Lake Victoria that has no access to electricity. The project will be partially funded by an $818,000 (USD) grant from the United States Trade and Development Agency (USTDA).
The estimated 60-80 kWp PV-battery-diesel hybrid minigrid will provide power for up to 400 residential households (~2,400 residents) in the Ukerewe District in northwestern Tanzania.
MRIGlobal will be supported in various phases of the project by the US National Renewable Energy Laboratory (NREL), SunEdison, Enphase Energy, HOMER LLC, and Rulex Media, a local subcontractor in Tanzania.
The feasibility study and related pilot project will investigate and demonstrate the use of off-grid, hybrid PV-battery storage-diesel based minigrids in remote locations that are not currently connected to the national electric power transmission and distribution system.
The 18-month project is expected to provide the foundation to support the development of similar projects elsewhere in Tanzania and East Africa.
"We are excited to join Rex Energy on this opportunity to provide electrical access to rural populations in Africa," said Thomas M. Sack, Ph.D., President and Chief Executive Officer of MRIGlobal. "MRIGlobal has installed and operated minigrids around the world for more than 10 years. This new program fills a critical need for rural electrification in Tanzania and will ultimately improve lives and help grow the local economy."
"With this grant and technical support from MRIGlobal, Rex Energy, the leading local private sector player in Solar Energy provision, once again assumes the leadership to complement Government efforts to transform rural Tanzania through solar powered rural electrification," said Francis Kibhisa, Managing Director of Rex Energy.
For more information, visit http://www.mriglobal.org
For more information, visit http://www.ustda.gov
For more information, visit http://www.rexsolarenergy.com/
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i am crying here.big hit for my account
Is anybody on this board? I did buy in but wondering about all these mergers.
me too
took off tdameritrade
Sweet Green Fields Unveils Natrose I(TM) Stevia for Natural Flavor
1:07p ET June 23, 2014 (PR NewsWire) Print
Sweet Green Fields (SGF), the leading U.S. science-based, natural sweetener innovator, announced the creation of Natrose I(TM) natural flavor. With approval from the Flavor and Extract Manufacturers Association (FEMA), food and beverage companies focused on natural products can now use Natrose I to enhance flavor and improve taste and mouth-feel, while reducing overall sweetener cost. Under the management of Dr. Mel Jackson, SGF's vice president of science, the SGF team studied bitterness and sweetness response curves to aid in the development of the Natrose I taste modulating flavor system.
http://photos.prnewswire.com/prnvar/20121127/SF17744LOGO
Natrose I is an ideal building block for creating the perfect natural sweetener system. Blending Natrose I natural flavor in combination with SGF's proprietary extracts, such as Optesse Stevia(TM) for reduced calorie applications, or alternatively blending with SGF's Altesse Stevia(TM) or Puresse Stevia(TM) for diet applications, has improved mouth feel, enhanced flavor and elevated sweetness when compared with full sugar controls in many food and beverage applications.
Key Product Attributes:
-- Enhancing sweetness for a sugar-like taste
-- Natural flavor that works as a sugar or stevia sweet taste modulator
-- FEMA approved
-- Potentially no labeling changes if "other natural flavor" is already used
rofl
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Stereotaxis Elects Euan S. Thomson, Ph.D., to Board of Directors
October 22, 2012 4:18 PM ET.
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ST. LOUIS, Oct. 22, 2012 (GLOBE NEWSWIRE) -- Stereotaxis, Inc. (Nasdaq:STXS +54.47%, news) today announced that Euan Thomson has been elected to its Board of Directors. The former President and CEO of Accuray Incorporated, Dr. Thomson, a medical physicist, has nearly 30 years experience in scientific research and strategic business leadership. He assumes the Board seat vacated by Christopher Alafi upon his retirement this year.
"Euan's unique blend of business acumen and medical innovation will be a tremendous asset as we continue to work toward market leadership and profitable growth through leading-edge, robotic solutions to important clinical challenges," said William Mills, Stereotaxis Board Chairman. "He has had outstanding success leading transformational change at Accuray and brings rich insight into securing global clinical adoption of groundbreaking technology."
Dr. Thomson holds a Master's in Radiation Physics and a Doctorate in Medical Physics from the University of London. Following his medical physics training, he devoted more than 15 years to research, teaching, clinical practice and administration with the United Kingdom Health Care System. During that time he worked as a consultant, advising companies and hospitals on scientific development, product marketing and management on an international scale. In 1999, Dr. Thomson moved to the U.S. to assume the reins at Photoelectron Corporation, a Boston-based company specializing in miniature x-ray technology for the medical and industrial markets.
Dr. Thomson was appointed President and CEO of Accuray, a medical capital equipment company, in 2002. During his 10-year tenure, he grew Accuray from a start-up to a public company with more than 1,000 employees, generating more than $400M in annual revenue. Dr. Thomson oversaw expansion of distribution channels to include more than 80 countries and development of the patent portfolio to approximately 300 US and foreign patents. Accuray built clinical programs that resulted in treatments to hundreds of thousands of patients worldwide and built an installed base exceeding 600 systems. In 2009, Dr. Thomson was recognized as Ernst and Young "Entrepreneur of the Year" in healthcare for Northern California. He currently serves as the Chair of the American Cancer Society's "CEO's Against Cancer" (California division) and is a Board member of the Hospice of the Valley. Dr. Thomson recently announced his resignation from Accuray, where it is anticipated he will continue to serve as a consultant.
"I'm excited to join an accomplished Board of Directors in providing strategic guidance to a company focused on transforming the world of interventional medicine," Dr. Thomson said of his appointment to the Stereotaxis Board. "Stereotaxis is poised for profitability and well positioned for growth in an expanding worldwide market. I look forward to being part of the future of an enterprising organization."
my guess for some onfo is tuesday,because of holiday today glta
agreed gl
yes IMHO once this does'nt rs it just may take off with the earnings coming out
i sure hope they don't.been through one already with these guys.
Change in Consensus Earnings Estimate
============================================================
EPS estimate up $0.055 to $0.11 for quarter ending 9/2012
FBC Flagstar Bancorp Inc
Last Price $0.89
Last Update 9:00am ET
Change 0.00 (0.00%)
Open $0.00
Prev Close $0.89
Day Range -- - --
P/E Ratio --
Volume 0
Quarter Ending 9/2012
# Estimates 2
Current Est $0.11
Prev $0.055
Range $0.11- $0.11
Current Rec Hold
Prev Buy