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Stock Market & Financial Investment News

News Breaks
January 17, 2013
19:05 EDTEQUEqual Energy names Scott Smalling CFO
Equal Energy named Scott Smalling as VP and CFO as part of its strategic plan to strengthen its presence in Oklahoma. Smalling will take up his new position on February 1 and will be based in Equal's Oklahoma City office. His appointment reflects Equal's focus on its Oklahoma operations as it transitions to a US-based operating entity. Smalling was most recently Treasury Manager at a major independent public oil and gas company.
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April 11, 2014
12:38 EDTEQUMontclair Energy seeks leveraged recapitalization at Equal Energy
Montclair Energy announced that it has published a detailed proposal to maximize shareholder value at Equal Energy through a recapitalization of the company. Montclair's proposal includes an analysis of the superiority of Equal conducting a leveraged recapitalization rather than completing the still pending sale to Petroflow Energy. The proposal includes the following conclusions: the Petroflow deal significantly undervalues the company; a sale of the company would preclude investors from participating in the company's future potential, with a leveraged share repurchase giving investors immediate capital return and future appreciation potential. Montclair said that in total, it estimates that a levered share repurchase can deliver total share price realization of $7.01-$9.97, representing a 29%-84% premium to the Petroflow offer of $5.43 per share.

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