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Stock Market & Financial Investment News

News Breaks
July 3, 2013
10:53 EDTLINE, QRE, BBEP, EVEP, LNCO, LRE, VNRMLPs continue slide while SEC probes LINN merger
Shares of several master limited partnerships and related pipeline operators are continuing their slide lower after LINN Energy (LINE) and LinnCo (LNCO) disclosed yesterday that the SEC has opened an informal inquiry into the companies. WHAT'S NOTABLE: The SEC is looking into LINN Energy and LinnCo’s merger with Berry Petroluem (BRY), the companies announced yesterday, which sent shares of both names down over 15%. The sell-off continued today after R.W. Baird said in a note to investors that it is increasingly cautious on the whole sector, noting that LINN peer BreitBurn's (BBEP) failure to finance part of a recent transaction put a target on the company for short sellers. Baird added that it expects the whole MLP sector to underperform in the short run as more LINN peers are targeted by those betting the stocks will decline. OTHERS TO WATCH: Shares of LINN are down more than 8% and LinnCo shares are lower by more than 7% in late morning trade. Also lower are shares of BreitBurn, down 6.5%, and Vanguard Natural Resources (VNR), down more than 8%.
News For LINE;LNCO;BBEP;VNR;EVEP;QRE;LRE From The Last 14 Days
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March 2, 2015
07:17 EDTVNRVanguard Natural reports Q4 adjusted EPS 19c, consensus 28c
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06:44 EDTEVEPEV Energy reports Q4 EPS $2.03, may not compare to consensus 29c
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February 24, 2015
10:08 EDTVNROptions with decreasing implied volatility
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07:30 EDTLINEJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 20, 2015
17:03 EDTLNCOLinnCo files to sell common shares, no amount given
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February 19, 2015
07:22 EDTLINELINN Energy reports FY15 average daily production up 47% to 1,210 MMcfe/d
07:22 EDTLINELINN Energy reports Q4 average daily production up 53% to 1,358 MMcfe/d
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07:06 EDTLINELINN Energy sees FY15 average production 1,090 MMcfe/d–1,200 MMcfe/d
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07:04 EDTLINELINN Energy reports Q4 EPS (47c), consensus 6c
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February 18, 2015
15:35 EDTLINE, LNCONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.54... Priceline (PCLN), consensus $10.10... DIRECTV (DTV), consensus $1.40... Noble Energy (NBL), consensus 35c... Host Hotels & Resorts (HST), consensus 39c... Hormel Foods (HRL), consensus 64c... Discovery Communications (DISCA), consensus 41c... SCANA (SCG), consensus 73c... Quanta Services (PWR), consensus 51c... Patterson (PDCO), consensus 59c... Denbury Resources (DNR), consensus 23c... T-Mobile (TMUS), consensus 5c... Linn Energy (LINE), consensus 6c... Linn Co (LNCO), consensus 39c... Bloomin' Brands (BLMN), consensus 27c... Huntington Ingalls (HII), consensus $1.98.
February 17, 2015
09:20 EDTVNROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Vipshop Holdings (VIPS), up 10.9%... VASCO Data Security (VDSI), up 7.1%... Waste Management (WM), up 3.7%. ALSO HIGHER: Starwood Hotels (HOT), up 1.9% after appointing Adam Aron as interim CEO... Sarepta Therapeutics (SRPT), up 7.3% after being upgraded at BofA/Merrill... Navidea Biopharmaceuticals (NAVB), up 7.5% after publishing results of phase 3 Lymphoseek trial... Campus Crest (CCG), up 7.7% after announcing that it will explore strategic alternatives as well as Clinton Group and Campus Evolution proxy contest... Cyren (CYRN), up 7.1% following distribution agreement with ALSO Deutschland. DOWN AFTER EARNINGS: Helix Energy (HLX), down 13.3%... Walter Energy (WLT), down 10.1%. ALSO LOWER: Celsus Therapeutics (CLTX), down 82.3% after MRX-6 Cream 2% Phase II trial did not meet primary endpoint... Vascular Biogenics (VBLT), down 53.2% after reporting that VB-201 Phase 2 studies did not meet primary endpoints and removal of FDA partial clinical hold on VB-111... Vanguard Natural Resources (VNR), down 7.1% after reporting preliminary fourth quarter results.
07:59 EDTVNRVanguard Natural sees FY16 production 353,000-393,200 Mcfe/d
07:59 EDTVNRVanguard Natural sees FY15 production 360,400 - 398,000 Mcfe/d
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07:59 EDTVNRVanguard Natural sees FY14 production 327,109 Mcfe/d
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07:58 EDTVNRVanguard Natural sees 2015 capital budget of $113.5M
The company said: "During 2015 and 2016, we intend to concentrate our drilling on low risk, development opportunities with the majority of drilling capital focused on high Btu natural gas wells. We currently anticipate a capital budget for 2015 of approximately $113.5M, excluding any potential future acquisitions. We expect to spend approximately 50% of the 2015 capital budget on activities in the Green River Basin where we will participate as a non-operated partner in the drilling and completion of vertical natural gas wells. Additionally, we expect to spend approximately 25% of the 2015 capital budget in the Gulf Coast Basin on the newly acquired East Haynesville assets drilling both vertical and horizontal wells and several recompletion projects. The balance of the 2015 budget is related to maintenance activities in our other operating areas. For purposes of our 2016 guidance, we have assumed the same allocation of capital and drilling results as the 2015 capital plan." Sees 2016 capital budget $117M.
07:56 EDTVNRVanguard Natural lowers annual common unit distribution to $1.41 from $2.52
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07:54 EDTVNRVanguard Natural sees Q4 adjusted EPS 19c, consensus 26c
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