BOE Report

National Oilwell Varco Announces Resignation of Robert E. Beauchamp; Appointment of William R. Thomas to the Board of Directors

HOUSTON--(BUSINESS WIRE)--National Oilwell Varco, Inc. (NYSE: NOV) announced today that Robert E. Beauchamp has resigned from the company’s board of directors effective November 2, 2015. Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, Inc. remarked, "It has been a pleasure working with Bob over the past ten years. On behalf of the entire board, I would like to sincerely thank Bob for his dedication and contributions to NOV. His business acumen and insights have been [Read more]

EXCO Resources Regains Compliance with NYSE Minimum Price Listing Standard

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced that on November 2, 2015, EXCO was notified by the New York Stock Exchange (“NYSE”) that the Company has regained compliance with the NYSE’s continued listing standards because the price of the Company’s common shares was above $1.00 per share both on the last trading day of October and for the average share price over the 30 trading days preceding October 30, 2015. As previously announced on [Read more]

Clean Energy Provides Bunkering Services and Fuel to World’s First LNG-Powered Container Ships; Adds Trucking, Transit and Refuse Customers; Grows with Others

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (NASDAQ: CLNE) participated in a little history last month when it supported General Dynamics (GD) NASSCO’s launch of the Isla Bella container ship, the first of its kind to operate on LNG fuel. Clean Energy provided bunkering services and fuel from its Boron, CA liquefaction plant for the GD NASSCO-built cargo ship, which was delivered to TOTE Maritime in San Diego. Clean Energy will also be providing bunkering services next month [Read more]

Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Oct. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise MLP Fund, Inc. (NYSE:NTG) today announced that as of Oct. 31, 2015, the company’s unaudited total assets were approximately $1.6 billion and its unaudited net asset value was $967.6 million, or $20.59 per share. As of Oct. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior [Read more]

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Oct. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of Oct. 31, 2015, the company’s unaudited total assets were approximately $210.8 million and its unaudited net asset value was $159.0 million, or $22.87 per share. As of Oct. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior [Read more]

Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Oct. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of Oct. 31, 2015, the company’s unaudited total assets were approximately $301.9 million and its unaudited net asset value was $242.2 million, or $16.68 per share. As of Oct. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities [Read more]

Tortoise Pipeline & Energy Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Oct. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of Oct. 31, 2015, the company’s unaudited total assets were approximately $320.7 million and its unaudited net asset value was $228.5 million, or $22.81 per share. As of Oct. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]

Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Oct. 31, 2015

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of Oct. 31, 2015, the company’s unaudited total assets were approximately $3.1 billion and its unaudited net asset value was $1.6 billion, or $32.62 per share. As of Oct. 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with [Read more]

MDU Resources Reports Third Quarter Earnings, Announces Sale of Exploration and Production Assets

BISMARCK, N.D.--(BUSINESS WIRE)--MDU Resources Group, Inc. (NYSE:MDU) today reported third quarter consolidated adjusted earnings of $74.9 million, or 38 cents per share, compared to $68.2 million, or 35 cents per share for the third quarter of 2014. On a Generally Accepted Accounting Principles basis the company reported a loss of $139.6 million, or 72 cents per share, compared to third quarter 2014 earnings of $103.0 million, or 53 cents per share. Adjusted earnings for the nine months [Read more]

Macquarie Infrastructure Corporation Reports Third Quarter 2015 Financial Results, Increases Cash Dividend

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE:MIC) announced that its Board of Directors has authorized the payment of a cash dividend for the third quarter of 2015 of $1.13 per share ($4.52 annualized). The payment represents an increase of 15.3% over the $0.98 per share paid following the third quarter of 2014. The dividend will be paid on November 17, 2015 to shareholders of record on November 12, 2015. MIC has increased its cash dividend in each of the last eight [Read more]