Shares of Regions Financial Corp (NYSE:RF) ended Monday session in green amid volatile trading. The shares closed up +0.09 points or 0.92% at $9.92 with 22.35 million shares getting traded. Post opening the session at $9.81, the shares hit an intraday low of $9.69 and an intraday high of $9.96 and the price vacillated in this range throughout the day. The company has a market cap of $12.33 billion and the numbers of outstanding shares have been calculated to be 1.26 billion shares.
Regions Financial Corp (RF) announced schedule to present at the Barclays Global Financial Services Conference in New York on Wednesday, Sept. 14, 2016.
Regions executives will make a presentation beginning at 9 a.m. ET. Comments and the related slide presentation will be available via a live, listen-only webcast. To listen, visit the Investor Relations page at www.regions.com. A replay will also be made available following the presentation.
Shares of Morgan Stanley (NYSE:MS) ended Monday session in green amid volatile trading. The shares closed up +0.65 points or 2.06% at $32.24 with 13.89 million shares getting traded. Post opening the session at $31.32, the shares hit an intraday low of $31.14 and an intraday high of $32.32 and the price vacillated in this range throughout the day. The company has a market cap of $60.77 billion and the numbers of outstanding shares have been calculated to be 1.91 billion shares.
On August 23, 2016 Investment funds managed by Morgan Stanley Energy Partners (collectively, “MSEP”), part of Morgan Stanley Investment Management, and Midland, TX-based XRI Holdings, LLC (“XRI Blue” or the “Company”), an affiliate of Entia Ventures, announced a strategic partnership whereby MSEP has made a majority equity investment in XRI Blue to support the growth of XRI Blue’s successful midstream services business in the Permian Basin. Terms of the transaction were not disclosed.
XRI Blue is a leading water supply and pipeline transportation company providing world class water logistic solutions to upstream oil and gas producers in the Permian Basin of West Texas and New Mexico. The partnership with MSEP provides the Company with additional resources to accelerate the expansion of XRI Blue’s asset base, capabilities and portfolio of services offered to its customers.
XRI Blue’s senior management team, including Matthew Gabriel, Christopher Harich and Christopher Downs, has significant technical and operational water resource management experience and will continue to serve as the senior leadership team of the Company.
Matthew Gabriel, Co-Founder and Chief Executive Officer of XRI Blue, said, “We are very excited about this partnership and view Morgan Stanley Energy Partners as the ideal partner to support our long-term strategic plan to expand our existing asset base and provide best-in-class, environmentally-responsible water sourcing, water transportation and disposal solutions to our customers.”
John Moon, Managing Director and Head of Morgan Stanley Energy Partners, said, “We are pleased to be able to partner with XRI Blue to grow the Company into a leader in the water resource management industry. This is an extraordinary opportunity for us to invest alongside an exceptionally capable management team and in a company with a compelling value proposition that leverages an existing, highly differentiated asset base in one of North America’s most attractive oil and gas basins.”