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Baytex Energy cutting capital spending, ending dividend payouts to preserve cash

2015-08-21 19:15:41| Energy - Topix.net

Baytex Energy Corp. says it's taking "difficult but necessary steps" to get past current low commodity prices, including a reduced capital program and the suspension of its monthly dividend. The Calgary-based company says it will stop drilling in the Peace River and Lloydminster areas in Western Canada for the rest of this year and also look for further cost reductions in Texas, where it's involved in the Eagle Ford play.

Tags: capital energy cash ending

 

Seco to Set New Standards in Cutting Tool Performance at CMTS 2015

2015-08-14 12:31:10| Industrial Newsroom - All News for Today

TROY, Mich.  At CMTS 2015 in booth 4206, Seco Tools, LLC will showcase product innovations that bring a new standard of cutting performance to turning and milling operations. These innovations include steel-turning grades that balance toughness and hardness, highfeed milling cutters with more teeth per tool, and...

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CBA chief Ian Narev says upping GST, cutting taxes would fire the economy

2015-08-14 05:29:09| Automakers - Topix.net

Changing the tax mix by increasing the goods and services tax while reducing personal and corporate tax rates would "undoubtedly" stimulate the economy, says the boss of the nation's largest bank. Calling for action on Australia's big policy challenges, Commonwealth Bank of Australia chief executive Ian Narev said the bank supports the Business Council of Australia's view on tax policy, "which is we need to have a debate where everything is on the table [to] work out a tax policy that is good for the country in the long term".

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Unist Announces New Addition to Its Coolube Line of Advanced Cutting Lubricants

2015-08-12 12:31:12| Industrial Newsroom - All News for Today

Coolube 2210AL is specially formulated for use on aluminum Grand Rapids, MI Unist, Inc. (www.unist.com) Unist has expanded its line of MQL lubricants with a new oil specifically formulated for use with aluminum. Like all of Unists fluids, Coolube 2210AL is derived from natural vegetable oils, is machinist and...

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Semi-Automated Die Cutting Machine increases productivity.

2015-08-10 14:31:07| Industrial Newsroom - All News for Today

Able to handle up to 12 in. roll, SRD Roll Feed helps increase turnaround rates, quality, and control. Semi-automated process increases productivity and reduces material waste, and mounting system facilitates use with custom rail system intended for use with traditional flat steel rule dies and option to load in front or back of press. Roll feeds into and out of press with push of dual safety, anti-tie down, OSHA-approved controls.

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