Cheniere Energy, Inc. (NYSE:LNG) luring passive investments, as shares inched up 0.66% ended at $45.63 as the stock held volume of 1.55 Million as compared to average daily volume of 2095.09. Cheniere Energy (LNG) reported that Midship Pipeline Company, LLC, a wholly owned subsidiary of Cheniere, has signed precedent contracts with foundation shippers to support construction of a 200 mile 36 inch interstate natural gas pipeline project and has launched a binding open season to solicit additional long-term commitments from shippers.
The transactions contemplated by the precedent contracts are subject to satisfaction of various conditions. The Midship Project is being developed to create pipeline capacity of up to 1,400,000 Dekatherms per day of firm transportation to connect production from the emerging STACK and SCOOP resource plays in the Anadarko Basin in Oklahoma to growing Gulf Coast and Southeast markets.
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Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) climbs 11.48% to close at $0.68 with the total traded volume of 18.51 Million. The firm’s current ratio calculated as 7.90 for the most recent quarter Threshold Pharma (THLD) declared that it will merge with Molecular Templates in an all-stock transaction; Longitude Capital will invest $20 million at the close of the transaction, including the receipt of additional equity financing commitments of $20 million.
The transaction will result in a combined company focused on the development of novel treatments for cancer. Longitude Capital, a U.S. based venture capital firm, will invest $20 million at the close of the transaction, subject to certain conditions, including the receipt of additional equity financing commitments of $20 million. On a pro forma basis and based upon the number of shares of common stock to be issued in the merger, current Threshold shareholders would own 34.4% of the combined company and current Molecular Templates shareholders would own 65.6% of the combined company although the actual allocation will be subject to adjustment based on Threshold’s net cash balance.
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Stocks of Golar LNG Partners LP (NASDAQ:GMLP) shows active performance, plummeted -1.76% to trade at $21.82as Golar LNG Partners LP (GMLP) reported that it has entered into a time charter for a period of up to a maximum of 9 years with a major international oil and gas company for one of its steam LNG carriers, the Golar Grand.
The Golar Grand is currently on charter with Golar LNG Limited and will therefore be sub-chartered back from Golar LNG (GLNG), at the same rate as the New Charter, for the initial period of the New Charter until the Golar LNG charter ends in October 2017. The Company showed a positive 31.60% in the net profit margin and in addition to its operating margin, which remained 58.40%.
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