TULSA, OK, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Laredo Petroleum, Inc. (NYSE: LPI) ("Laredo" or "the Company") today announced the Company's 2020 capital budget of approximately $450 million and updated its 2020 - 2022 three-year outlook.
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"Our 2020 budget and production expectations reflect the significant progress we made in 2019 optimizing our established acreage position and opportunistically adding high-margin inventory," stated Jason Pigott, President and Chief Executive Officer. "Throughout 2019, we drove down well costs, unit lease operating expenses and unit general and administration expenses, while improving well productivity versus 2018 by widening development spacing.
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Chesapeake Energy Cuts 2020 Capital Expenditure Budget By About 30% | Nasdaq
(RTTNews) - While reporting its financial results for the fourth quarter on Wednesday, Chesapeake Energy Corp. (CHK) said it is reducing its 2020 capital expenditure budget by about 30 percent, while maintaining relatively flat oil production and decreasing gas production year over year.
The company said it plans to allocate about 80 percent of its projected 2020 capital expenditure program of $1.3 billion to $1.6 billion to its highest-margin oil opportunities. The company's capital expenditure program is 2019 was $2.245 billion.
Continental Resources Announces Full-Year 2019 And 4Q19 Results; 2020 Capital Budget And Guidance
$775.6 Million (MM) in Net Income, or $2.08 per Diluted Share
• $838.7 MM Adjusted Net Income, or $2.25 per Diluted Share (Non-GAAP)
340,395 Boepd Average Daily Production, up 14% Year-over-Year (YoY)
• 197,991 Bopd Average Daily Oil Production; up 18% YoY
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$406 MM in Shareholder Capital Return
• $190 MM Share Repurchases and $18 MM Quarterly Dividend
• $442 MM Total Debt Reduction; $198 MM Net Debt Reduction (Non-GAAP)
2 Mutual Funds to Benefit From Trump's Defense Budget | Nasdaq
President Trump's efforts to boost U.S. military strength have paved the way for the sector's gains in the recent past. Defense stocks have had a great run since Donald Trump became President, courtesy of his humongous defense spending plan. Rising geopolitical conflicts on a global scale and the magnitude of existing issues are expected to bolster growth of U.S. defense companies in 2020 as well.
Meanwhile, per the latest reports, global military spending saw the biggest increase in 2019. The latest annual assessment of the International Institute for Strategic Studies (IISS) titled, The Military Balance 2020 shed light on the fact that global defense spending rose 4% in 2019 from 2018 amid "an unstable international security environment."
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FlixBus Philly brings new budget travel options - On top of Philly news
Maybe you’ve noticed unusual-looking buses covered in bright lime green and orange around Philly lately. No, you’re not tripping. A new transit company has come to town.
Munich-based FlixBus has launched in dozens of U.S. cities over the past two years. It competes with existing operations like Bolt Bus and Megabus, offering cheap, paperless tickets with prices that fluctuate according to demand.
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“We’re excited about Philadelphia being one of our largest markets,” FlixBus business development head Joanna Patterson told Billy Penn, noting that the company only sets up routes where there’s a high demand for service.
Where are Enterprise Marketers Allocating Their Budgets? - Business 2 Community
Not a surprise, spend on digital channels is continuing to increase while spend on more traditional channels such as newspapers and magazines is on the decline.
In a recent study by Gartner, digital and social channels garnered a healthy portion of marketing spend. Over 50% of budgets were allocated to websites, digital commerce, mobile marketing, social marketing and digital advertising.
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However, overall growth of marketing budgets is stalling and slightly on the decline this past year. Average budget over the past few years has hovered around 11% of company revenue, with it declining from 11.2% to 10.5% this past year.
How Delivery Apps Are Eating Up Your Budget - The New York Times
After a long day, you have probably done some back-of-the-napkin math and decided there was no point in going out for dinner when you could get food brought to your door for the same cost, plus a tip. So you fired up a delivery app.
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When you order through a delivery app, you pay multiple parties, including the driver and the companies that offer the apps, like Uber Eats and Postmates. In some cases, you pay the restaurants extra fees as well.
Apple iPhone XR was the most popular smartphone in the world in 2019 - Business Insider
According to Omdia's Smartphone Model Market Tracker report, 46.3 million iPhone XR units were shipped last year.
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The iPhone XR was released in October 2018, starting at $749. The price dropped in late 2019 to $599.99. The iPhone 11, released a year later, had an even lower starter price of $699.99.
Third, fourth and fifth places on the list were all occupied by Samsung devices, with the Korean firm's Galaxy A10, Galaxy A50 and Galaxy A20 phones shipping 30.3 million, 24.2 million and 19.2 million units respectively. Of the 10 best-selling phones on the list, only one – Xiaomi's Redmi Note 7 – wasn't made by either Apple or Samsung.
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