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Stock Market & Financial Investment News

News Breaks
January 24, 2013
07:12 EDTGPORGulfport Energy price target raised to $56 from $46 at Jefferies
Jefferies raised its price target for Gulfport Energy citing more confidence in its assumptions for Utica after meeting with management. The firm says the company's Utica results to date point to strong productivity and keeps a Buy rating on the stock.
News For GPOR From The Last 14 Days
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April 23, 2014
08:08 EDTGPORGulfport Energy promotes Michael Moore to CEO, J. Ross Kirtley to COO
Gulfport Energy announced that its board has concluded its nationwide search with Preng & Associates for a CEO. The board announced that Michael G. Moore has been promoted to CEO and has joined the company's board and J. Ross Kirtley has been promoted to COO. In addition, following a concurrent search for directors also led by Preng & Associates, Michael S. Reddin has been appointed to the company's board. Moore was formerly Interim CEO and CFO. Kirtley was formerly COO for the company's Ohio activities.
08:08 EDTGPORGulfport Energy names Michael Moore CEO, Ross Kirtley COO
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April 16, 2014
08:09 EDTGPORGulfport Energy price target raised to $100 from $85 at Wunderlich
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April 15, 2014
07:22 EDTGPORGlobal Hunter Securities to hold a conference
1:1 Dallas Energy Day is being held in Dallas on April 15.
April 9, 2014
07:07 EDTGPORGulfport 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.

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