Thread- $OXY (Occidental Petroleum Corporation)

$OXY {{ '2016-05-05T16:15:12+0000' | timeago}} • Webcast

Roger Read of Wells Fargo asks whether there are other areas $OXY wants to expand its footprint in within the Permian Basin. CEO Vicki Hollub said the company is looking at all areas within the Permian Basin. For resources and EOR opportunities, she added that $OXY would look in Delaware, Midland Basin, and Central Basin Platform.

$TIF {{ '2017-05-25T14:25:47+0000' | timeago}} • Announcement

$TIF declared a regular quarterly dividend of $0.50 per share, representing an 11% increase in the quarterly rate. The dividend will be paid on July 10, 2017 to shareholders of record on June 20, 2017.

$CERN {{ '2017-05-25T14:23:40+0000' | timeago}} • Announcement

$CERN approved a stock repurchase program on May 23, 2017, authorizing the repurchase of up to $500MM of its common stock. The repurchase will be funded from working capital.

$SIG {{ '2017-05-25T14:23:15+0000' | timeago}} • Webcast

With regards to the credit portfolio outsourcing, $SIG expects the transaction to add to EPS in the first full year of operations based on repurchases at current share prices. One-time transaction costs are estimated to be $35-45MM, which are expected to be largely realized in FY18.

$ANF {{ '2017-05-25T14:22:56+0000' | timeago}} • Webcast

During 1Q17, $ANF’s comparable sales were down 3% for the US and down 2% in international markets. Comparable sales were up 3% for the Hollister brand and down 10% for the Abercrombie brand. Hollister delivered positive comp sales in both US and international markets. $ANF’s gross margin for 1Q17 was 60.3%.

$SIG {{ '2017-05-25T14:22:44+0000' | timeago}} • Webcast

$SIG expects no material impact from the first phase of the outsourcing of credit portfolio to net sales. The outsourcing structure is expected to reduce SG&A expense by 2-3% on annualized basis. In the first phase, the transaction is expected to create savings. The company expects a minimal decline on its EBIT.

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