Oil and natural gas producer Apache Corp. on Thursday reported a profit for the second quarter that halved from last year on lower revenues. Apache said it plans to completely exit the Wheatstone LNG project in Australia and Kitimat LNG project in Canada. The company is also evaluating its international assets and exploring multiple opportunities for the assets.
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Avalanche Biotechnologies Inc. (AAVL) has just begun trading for the first time Thursday morning. The company priced its initial public offering of 6,000,000 shares of its common stock at a public offering price of $17.00 per share.
Avalanche Biotechnologies is now up 8.59 at $25.59 on 1.9 million shares.