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Stock Market & Financial Investment News

News Breaks
April 24, 2014
06:06 EDTSRPT, APCStocks with implied volatility below IV index mean; APC SRPT
Stocks with implied volatility below IV index mean; Anadarko (APC) 25, Sarepta (SRPT) 72 according to iVolatility.
News For APC;SRPT From The Last 14 Days
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July 6, 2015
16:18 EDTAPCLegacy Reserves announces $440M acquisition of assets in East Teaxas
Legacy Reserves (LGCY) announced it has entered into separate agreements with affiliates of Anadarko Petroleum (APC) and Western Gas Partners (WES) to purchase natural gas properties and gathering and processing assets in East Texas for a combined $440M. These properties represent Legacy's entry into a new basin in East Texas and into meaningful gathering and processing operations supporting the natural gas properties. The closings of these transactions are expected to occur in the third quarter, and the purchase prices remain subject to customary adjustments. Legacy anticipates funding these transactions with borrowings under its revolver. Highlights of this acquisition are as follows: Estimated proved reserves of approximately 420 Bcfe of which 100% are natural gas, 95% are classified as proved developed producing, and 95% are operated. Estimated Q3 production of approximately 70 Mmcfe/d, yielding a proved reserves-to-production ratio of 16.4 years. Multi-year development plan centered on recompletions and workovers to further flatten production declines and extend the productive life of the fields Significant additional drilling inventory in a higher gas price environment. 567 miles of high-pressure pipeline and low-pressure gathering lines and a 502 Mmcfe/d processing plant with access to 5 major gas markets. Expected NTM cash flow of approximately $60M.
10:24 EDTSRPTOptions with increasing implied volatility
Options with increasing implied volatility: UVXY MBI AMBC VIX FIT SRPT VXX GREK SVXY GNW
July 2, 2015
10:48 EDTSRPTOptions with increasing implied volatility
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July 1, 2015
18:20 EDTAPCShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
11:19 EDTAPCAnadarko July calls active on renewed takeover chatter
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11:04 EDTAPCRumor: Anadarko moves up on renewed takeover chatter
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June 30, 2015
10:26 EDTSRPTOptions with increasing implied volatility
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June 29, 2015
12:53 EDTSRPTSarepta NDA submission for eteplirsen done ahead of schedule, says Piper Jaffray
Piper Jaffray noted that Sarepta (SRPT) completed its rolling NDA submission for eteplirsen ahead of schedule and the firm believes that concurrent advisory committee meetings for its DMD drug and BioMarin's (BMRN) drisapersen could take place this fall. The firm has a Neutral rating and $20 price target on Sarepta and Overweight rating and $147 target on BioMarin.
10:14 EDTAPCBP, Anadarko penalty appeals rejected by Supreme Court, Reuters reports
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09:36 EDTAPCBP, Anadarko appeals on penalties rejected by Supreme Court, Reuters reports
The companies were rejected on appeals to avoid clean water act penalties related to the Deepwater Horizon spill, Reuters said.
07:05 EDTSRPTSarepta completes NDA submission to FDA for eteplirsen
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07:03 EDTSRPTSarepta secures $40M in debt financing
Sarepta Therapeutics announced that it entered into a credit and security agreement with Midcap Financial, a middle market-focused, specialty finance firm, that establishes a senior secured term loan facility that allows Sarepta to borrow up to $40M at an annual rate of 7.75%, with a maturity of June 2018, subject to certain conditions and other applicable fees. Sarepta has drawn down $20M under the facility and has the right to repay all borrowed funds and terminate the facility at any time.
June 26, 2015
11:00 EDTSRPTOptions with increasing implied volatility
Options with increasing implied volatility: SRPT AGO CRC WMB AMZN CMG TRIP ZTS AET MBI
June 25, 2015
12:59 EDTSRPTOptions with increasing implied volatility
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11:50 EDTAPCAnadarko, Jera in talks over Mozambique long-term gas import deal, Reuters says
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