Bullish Stocks That Have Surged Over The Past Week: $AL $NGD $VER

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Air Lease CFO To Present At Annual Deutsche Bank Aircraft Lease & Financing Conference

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One of the bullish stocks that have surged this past week is Air Lease Corporation (NYSE:AL) which is 6.94%. The company has announced that its CFO and Executive VP Gregory Willis will present at the 10th annual Deutsche Bank Aircraft Finance & Leasing Conference On September 9, 2020. The event will take place virtually this year due to the pandemic and the presentation will be broadcast live on Air Lease Corporation's investors' page via a link. Virtual attendees can access the webcast directly through a link provided on the website www.airleasecorp.com.

NEW Gold Completes sale of Blackwater Project

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NEW Gold Inc. (NYSE:NGD) was up 10.56% over the last one week. The company has announced that it has closed the sale of the Blackwater project to Artemis Gold Inc. The sale is for a total consideration of $190 million in cash with $140 million expected to be paid immediately with $50 million expected on August 21, 2021.

Part of the consideration includes 8% gold stream for all the gold that will be produced from the Blackwater project which will reduce to 4% once 280,000 gold ounces have been delivered to New Gold. Also, New God will receive around 7.407 million shares that have a current total value of $34.4 million.

Vereit Expands Partnership With Ocean West

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Another stock that has gained most over the past week is Vereit (NYSE:VER) which is up 5.21%. Vereit and Ocean West have expanded their industrial joint venture partnership with Tiger Alternative Investors and Korea Investment & Securities with the acquisition of a 2.3 million sq. ft. warehouse and distribution facility in Dallas Texas. The companies acquired the facility for $246.7 million which has a long term lease to a Fortune 500 company.

Also, the company has announced the closing of $157.5 million dispositions in Q3 to accretive fund its previously announced redemption of $150 million of the 6.7% Series F preferred stock on September 20, 2020. Most importantly the disposition includes VEREIT's share of a property that contributed to office partnership of $39.8 million.

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