Canadian Oil Sands Limited (OTC:COSWF) lowers Q1 dividend to C5c per share; JP Energy Partners LP (NYSE:JPEP), Unilife Corporation (Nasdaq:UNIS)

Canadian Oil Sands Limited (OTC:COSWF) lowers Q1 dividend to C5c per share. COS is reducing its quarterly dividend to C5c per share for Q1. COS had previously indicated its intention to reduce the quarterly dividend, based on the 2015 budget assumptions released on December 3, 2014, to C20c per share; however, crude oil prices have declined materially from the budget assumptions, requiring a further reduction in the dividend to better align with the current price environment and as a prudent step to preserve balance sheet strength in the short and medium term. COSWF traded in the red and closed at $5.31 for the day. The stock saw a change of $0.29(5.16%) with a volume of 179,267 shares. COSWF Trailing P/E was 5.13.

 

JP Energy Partners LP (NYSE:JPEP) declares first distribution of 30.38c per unit. JP Energy Partners announced that the board of its general partner has declared a prorated cash distribution for Q4 of 30.38c per unit. This distribution is the first declared by the partnership and corresponds to the minimum quarterly distribution of 32.5c per unit, or $1.30 per unit on an annualized basis, prorated for the partial quarter following the closing of the partnership’s IPO on October 7, 2014. The distribution will be paid on February 13 to all unit holders of record on February 6. JPEP is part of the Basic Materials sector in Oil & Gas Pipelines industry. The stock closed for the day at $12.50 with a change of $0.57 or 4.36%. JPEP traded in a range of $12.26 to $13.09   through the day. The stock’s 52 week range is $10.55 to $20.71.

 

Unilife Corporation (Nasdaq:UNIS) announces common stock offering, no amount given. Unilife Corporation announced it intends to offer and sell, subject to market conditions, shares of its common stock in an underwritten public offering in the U.S. and a private placement in Australia. Jefferies and Piper Jaffray are acting as joint book-running managers for the proposed offering. The closing for UNIS was $4.42 at the day’s end. It was a change of $0.14. UNIS saw a volume of 931,410 shares and market cap of $473.84M.