New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 9, 2014
07:07 EDTBNS, RNO, GPORGulfport Energy sees Q1 production averaged 27,100 BOEPD ex-items
Gulfport (GPOR) currently estimates that Q1 production averaged approximately 27,100 barrels of oil equivalent per day, which excludes approximately 900 BOEPD during Q1 attributable to the previously announced acquisition of Rhino Resources (RNO) interests in the Utica Shale. The production mix for Q1 was approximately 48% oil and natural gas liquids and 52% natural gas. Proforma of the Rhino transaction, Gulfport estimates that Q1 production averaged approximately 28K BOEPD. In the Canadian Oil Sands, Grizzly Oil Sands, in which Gulfport owns a 24.9% interest, achieved first bitumen production at its first SAGD facility at Algar Lake during Q1. Grizzly currently has seven of the ten well pairs on full steam circulation and expects to have all ten well pairs on full circulation in the coming month. During March, Algar Lake production averaged approximately 30 barrels of bitumen per day. Grizzly continues to see the production ramp as expected during steam circulation. Grizzly's Windell rail transloading facility at Conklin, Alberta commenced operations during Q1 and the first load of dilbit from Algar Lake was hauled by truck to the Windell terminal for sales to the U.S. Gulf Coast market. In connection with the spring redetermination of Gulfport's revolving credit facility, the Bank of Nova Scotia (BNS) has provided a commitment letter that increases Gulfport's borrowing base from $150M-$275M, subject to the approval of the additional banks within the syndicate.
News For GPOR;RNO;BNS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 27, 2015
09:58 EDTGPOROn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:58 EDTGPORGulfport Energy price target raised to $60 from $50 at Wunderlich
Subscribe for More Information
07:50 EDTGPORGulfport Energy upgraded to Buy from Hold at Johnson Rice
07:45 EDTGPORGulfport Energy price target raised to $54 from $46 at Canaccord
Canaccord raised its price target on Gulfport Energy to $54 from $46 as the believe it may be the best positioned name in their coverage universe considering its growth profile, balance sheet, and core Utica acreage position. Canaccord reiterated its Buy rating on Gulfport Energy shares.
February 25, 2015
16:10 EDTGPORGulfport Energy reports 305% increase in total proved reserves to 933.6 Bcfe
Subscribe for More Information
16:09 EDTGPORGulfport Energy sees FY15 CapEx $545M-$595M
With 96% allocated to activities in the Utica Shale.
16:08 EDTGPORGulfport Energy sees FY15 production 432-480 MMcfepd
Subscribe for More Information
16:07 EDTGPORGulfport Energy reports Q4 adjusted EPS 12c, may not compare to consensus (1c)
Reports Q4 revenue $267.7M, may not compare to consensus $169.54M.
February 24, 2015
06:15 EDTBNSBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 22, 2015
18:01 EDTBNSBank of Nova Scotia looks cheap, Barron's says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use