Boston, MA, 02/25/2014 (usastockreport) – Even as DryShips, Inc. (NASDAQ:DRYS) net loss extends in its fourth quarter reports, the shipping company appears to be recovering from its gloomy past performance. The company’s net loss in the quarter stood at $0.06 per share against the loss of $0.34 per share in the same quarter last year. The figure certainly indicated some recovery, though a major part of this is attached to the Ocean Rig’s results. The company beat the market estimates by $48 million in revenue, which was at $431.3 million for the quarter. DryShips, Inc. (NASDAQ:DRYS)’s Chairman and CEO George Economou indicated that the recent volatility in the tanker and dry bulk sectors points to the balanced supply-demand picture. Moreover, asset prices too are climbing hinting at the current market sentiment. Therefore, he summed up that the shipping firm is positioned well to take full advantage of the expected sustainable recovery this year.
MicroStrategy Incorporated made a press release on Monday stating that Kinross Gold Corporation (USA) (NYSE:KGC) has started using its mobile solution for mining operations. The Canadian based gold miner has been on a lookout for a mobile application which could provide real-time feed of mining operations through giving the regional managers the convenience to input data at any given place and time without a PC. And after a rigorous evaluation of the various vendors, Kinross Gold Corporation (USA) (NYSE:KGC) finally settled with its selection of MobileStrategy.The latest iPad application has made a lot of difference across the gold miner’s sites.
Halcon Resources Corp (NYSE:HK) is set to come out with its fourth quarter results tomorrow. And, as the day inches closer, there have been some concerns brewing up for the oil exploration and production company. Firstly, the company is under the burden of a huge debt of as much as $3.3 billion, which continuously throws a challenge for its growth prospects. Secondly, the company’s move to divest from non-core assets have had some reflections on its production level, which went down. Therefore, amid all of this weakness, Halcon Resources Corp (NYSE:HK)’s proven reserves will be a major focus to give it a boost in the coming days.