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Stock Market & Financial Investment News

News Breaks
July 21, 2014
06:31 EDTFANGDiamondback Energy files to sell 5M shares of common stock
Diamondback intends to use the net proceeds from this offering and borrowings under its revolving credit facility to fund its previously announced pending acquisition of certain leasehold interests in the Permian Basin. To the extent the pending acquisition is not consummated, or the actual purchase price is less than the net proceeds from this offering, Diamondback intends to use any remaining net proceeds to fund a portion of its exploration and development activities and for general corporate purposes, which may include leasehold interest and property acquisitions and working capital. Credit Suisse Securities is acting as sole book-running manager for the offering.
News For FANG From The Last 14 Days
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May 18, 2015
07:57 EDTFANGTopeka highlights potential E&P takeover targets
Topeka continues to believe that the E&P companies most likely to be acquired are situated in the core areas in the Permian, Eagle Ford, Bakken, Niobrara and Marcellus/Utica. The firm highlights Cabot Oil & Gas (COG), Energen (EGN), Diamondback Energy (FANG), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Magnum Hunter (MHR) and Oasis Petroleum (OAS) as potential takeout targets. It keeps Buy ratings on all the stocks named.
May 15, 2015
07:09 EDTFANGHayman Capital gives quarterly update on stakes
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