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Stock Market & Financial Investment News

News Breaks
February 6, 2013
07:55 EDTGDPGoodrich Petroleum announces Tuscaloosa Marine Shale well result
Goodrich Petroleum announced the completion of its Crosby 12H-1 well in Wilkinson County, Mississippi. The well is continuing to improve with a current production rate of 1,250 barrels of oil equivalent per day and a 24 hour average rate of 1,130 BOE per day comprised of 1,050 barrels of oil and 469 Mcf of gas, on a 15/64" choke with 2,700 psi. The well, which has approximately 6,700 feet of usable lateral and was fracked with 25 stages, is in the early stage of flowback, with approximately 1% of the frac fluid recovered to date. The company currently has approximately 135,000 net acres in the play, and now expects to spend the higher end of its previously announced 2013 capital expenditure budget in the TMS of approximately $50M.
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April 16, 2014
10:00 EDTGDPOn The Fly: Analyst Downgrade Summary
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10:00 EDTGDPOn The Fly: Analyst Upgrade Summary
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07:23 EDTGDPGoodrich Petroleum downgraded to Hold from Buy at KLR Group
KLR Group downgraded Goodrich Petroleum to Hold citing valuation following this week's rally. The firm raised its price target for shares to $24 from $19. Note Goodrich Petroleum was upgraded this morning at Imperial Capital.
07:02 EDTGDPGoodrich Petroleum upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital upgraded Goodrich Petroleum to Outperform citing better than expected results for the company's Blades well in the Tuscaloosa Marine Shale. The firm raised its price target for shares to $33 from $13.
April 15, 2014
10:17 EDTGDPHigh option volume stocks: FSL GDP SPR GWW MHFI
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April 14, 2014
16:24 EDTGDPOn The Fly: Closing Wrap
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12:26 EDTGDPOn The Fly: Midday Wrap
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12:00 EDTGDPGoodrich Petroleum rises 33.7%
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10:00 EDTGDPGoodrich Petroleum rises 22.3%
Goodrich Petroleum is up 22.3%, or $4.11, to $22.50
09:18 EDTGDPGoodrich Petroleum Blades 33H-1 well results a strong positive, sa RBC Capital
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09:00 EDTGDPGoodrich Petroleum rises 9.7%
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06:15 EDTGDPGoodrich Petroleum announces TMS well result, update
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April 7, 2014
08:55 EDTGDPGoodrich Petroleum price target raised to $25 from $20 at BMO Capital
BMO Capital increased its price target on Goodrich Petroleum after the company cut its estimate of the company's average per well cost in the Tuscaloosa Marine Shale to $12.5M from $13.5M. The firm keeps an Outperform rating on the stock.
07:43 EDTGDPIndependent Petroleum Association of America to hold a conference
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