Stock Analysts

SCANA Requests to Pull Out COLs for VC Summer Station Units

SCANA Corporation’s SCG principal subsidiary — South Carolina Electric & Gas Company (“SCE&G”) — has formally filed a request to withdraw the combined operating licenses (COLs) for VC Summer Station Units 2 & 3 with the Nuclear Regulatory Commission (NRC). This news follows NRC’s announcement that SCANA has stopped construction activities on the VCS Units 2 and 3 sites in Jul 31, 2017. This notification is in line with the company’s strategy to abandon and qualify for a tax deduction in 2017. […]

Stock Analysts

Dominion (D) Adds 81MW Green Power, Strives to Add More

Dominion Energy D announced that it has added 81 megawatt (MW) of solar power to the South Carolina’s energy grid. Its two projects — the 71.4 MW Solvay Solar Energy-Jasper County, S.C., facility that came online on Dec 21, 2017 and the 10 MW Ridgeland Solar project that came online on May 28, 2017 — have started production. The company has entered into a long-term power purchase agreement with SCE&G Solvay to sell the entire production from these solar facilities […]

Stock Analysts

Weatherford (WFT) Divests US Oil-Well Unit to Schlumberger

Weatherford International plc WFT has divested U.S. oil-well business to a subsidiary of Schlumberger NV SLB for $430 million in cash, scrapping plan of a joint venture. In March 2017, Weatherford decided to put its North American pressure pumping and well completions operations into a venture with Schlumberger for $535 million in cash and a 30% stake in the new business — OneStim. […]

Stock Analysts

Is Investing in Dycom Industries Stock a Prudent Choice Now?

Dycom Industries, Inc. DY has managed to impress investors with its recent winstreak, as earnings have trumped estimates in the four trailing quarters. The company expects to continue earnings momentum driven by surging demand for 1 Gigabyte deployments, huge investment in wireline networks as well as cable capacity projects […]

Mergers & Acquisitions

Millar Western Announces Acquisition of Spruceland Millworks

Millar Western Announces Acquisition of Spruceland Millworks Canada NewsWire EDMONTON, Jan. 2, 2018 EDMONTON , Jan. 2, 2018 /CNW/ – Millar Western Forest Products Ltd., one of Alberta’s leading forest products companies, announced today that it is continuing to execute its growth strategy through the acquisition of Spruceland Millworks Inc. […]