Home

Morning Star - CVE, EDC, ELT, ENV, EV

23.05.12

Cenovus Vivacity Inc (USA) (NYSE: CVE) percentage change grew 4.52%, to close at $30.08 and its all-embracing traded volume was 1.05M shares during the last session with the total traded mass of 1.38M shares. CVE opened at $29.89 and is trading within the range of $29.77-$30.49. The 52-week organize of the stock is $27.15-$40.73. The market capitalization of the company stands at $22.69B and it has 754.34M leftover shares.

Cenovus Energy Inc. (Cenovus), incorporated on September 24, 2008, is an oil assemblage. The Company’s operations include oil sands properties and established undeveloped oil and natural gas production in Alberta and Saskatchewan. It also has ownership interests in two refineries in Illinois and Texas. The Convention operates in three segments: Upstream, Refining and Marketing, and Corporate and Eliminations. Upstream includes Cenovus’s improvement and production of crude oil, natural gas and natural gas liquids (NGLs) in Canada, is organized into two operations: oil sands and normal. Refining and Marketing, which is focused on the refining of crude oil products into petroleum and chemical products at two refineries located in the Communal States. Corporate and Eliminations include unrealized gains or losses recorded on derivation financial instruments, as well as other Cenovus-wide costs for general and administrative and financing activities. Elster Assemblage SE ADR (NYSE: ELT) gained 5.43%, to close at $12.42 and its overall traded mass was 253,547.00 shares during the last session with the total traded volume of 130,938.00 shares. ELT opened at $11.95 and is trading within the travel over of $11.68-$12.52. The stock has a 52 week low of $11.52 and 52 week extreme of $17.74. At current market price, the market capitalization of the company stands at $1.40B and it has 112.88M exceptional shares. Elster Group SE is a provider of gas, electricity and water meters and kindred communications, networking and software solutions with operations in more than 30 countries. The Convention’s portfolio of products and solutions are used to measure gas, electricity and water consumption, as well as capacitate energy efficiency and conservation. It sells its products and solutions to utilities, distributors and industrial customers across gas, excitement, water and multi-utility settings for use in residential and commercial and industrial (C&I) settings. The products and services are offered in more than 130 countries for both residential and commercial and industrial customers. The Convention refers to the meters, communications networks and related software solutions that have been developed in retort to these imperatives as Smart Grid solutions. Smart Grid solutions use these components and allied applications designed to optimize functionality for utilities and their end customers. Envestnet, Inc. (NYSE: ENV) went up 3.86%, to near at $10.77 and its overall traded volume was 64,989.00 shares during the last session the assets weigh up had average daily volume of 58,558.00 shares. ENV opened at $10.64 and is trading within the rank of $10.55-$10.90. The stock has a 52-week range of $9.59-$17.59. At current peddle price, the market capitalization of the company stands at $342.49M and it has 31.80M special shares. Envestnet, Inc. (Envestnet) is a provider of wealth management solutions to pecuniary advisors and institutions. Through its wealth management offerings, including Envestnet Advisor Entourage and Envestnet PMC, it delivers a Web-based gateway to expert, objective, integrated store management solutions. Its centrally-hosted technology platform provides monetary advisors with a range of investment solutions, services, investment managers and custodians to pigeon-hole those that are appropriate for their clients. The Company’s technology platform provides financial advisors with a series of integrated services, including risk assessment and pick of investment strategies, asset allocation models, research and due diligence, portfolio construction, proposition generation and paperwork preparation, model management and account rebalancing, account monitoring, customized fee billing, overlay services covering asset allocation, and tax supervision and socially responsible investing. Eaton Vance Corp. (NYSE: EV) soared 3.17%, to neck at $22.46 and its overall traded volume was 2.00M shares during the last session the cache had average daily volume of 1.64M shares. EV opened at $22.17 and is trading within the selection of $21.81-$22.60. The 52-week range of the stock is $20.07-$34.09. At current call price, the market capitalization of the company stands at $2.60B and it has 115.62M remarkable shares. Eaton Vance Corp. is engaged in managing investment funds and providing investment operation and counseling services to high-net-worth individuals and institutions. The Company focuses to upon and sustain management expertise across a range of investment disciplines and to offer investment products and services through multiple arrangement channels. It conducts its investment management business through its wholly owned affiliates: Eaton Vance Control (EVM), Boston Management and Research (BMR), Eaton Vance Investment Counsel (EVIC), Eaton Vance (Ireland) Restricted (EVAI) and Eaton Vance Trust Company (EVTC). In November 2010, the Institution acquired Managed ETFs LLC. In March 2011, the Company acquired the assets of Pelican Investment Supervision, Inc. In October 2011, the Company formed a wholly owned subsidiary Cross Fund Solutions LLC.

Source: Retirement Planning

Channel gate, levee best storm defense, study says

23.05.12

GALVESTON - A ogre floodgate at the entrance to the Houston Ship Channel, coupled with a 130-mile wetlands play area, should be built to protect Houston from hurricane storm surges, a check in team from five Texas universities recommended Monday.

The two-year study led by the Punitive Storm Prediction, Education and Evacuation from Disasters Center , or SSPEED, at Rice University also recommends a 20-mile levee along Texas 146 and another to screen the bay side on the eastern end of Galveston, already protected on the Gulf side by a sea wall.

The proposals are on a much smaller graduation than the Ike Dike concept, which envisions a storm gate between Galveston Island and the Bolivar Peninsula coupled with a bulky levee protecting both barrier islands.

"We have looked very carefully at the Ike Dike proposals," said Philip Bedient , a professor of engineering at Rice University. "We at the SSPEED Center don't contemplate it has a chance of getting built in our lifetime.

"We've gone with four proposals that we think have a think twice chance of being funded and built in a much shorter period of time."

Jim Blackburn, environmental law professor at Rice University, said each project can be undertaken separately.

The 14-page report available at http://sspeed.rice.edu/sspeed/down loads/Ultimate_Paper_2011.pdf is a summation of a 200-page book, Lessons from Cyclone Ike, to be published next year.

The recommendations come as the Gulf Coast Community Immunity and Recovery District - formed two years ago by Harris, Galveston and other coastal counties to premiere c end up with its own hurricane-defense plan - has barely begun to tackle the issue.

Researchers from Rice University, the University of Texas , University of Houston , Texas A&M University and Texas Southern University , in consultation with leaders from activity and government, began working on ways to shield the Houston-Galveston acreage from storm surges after Hurricane Ike struck in September 2008, causing more than $25 billion in hurt.

Ike's storm surge would have been catastrophic if it had made landfall 30 to 50 miles farther west, spawning surges that would have threatened the territory's numerous chemical and refining plants, the study says. The study says that more disapproving storms are possible and that the Houston-Galveston area must prepare.

Source: Houston Chronicle