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Stock Market & Financial Investment News

News Breaks
November 20, 2012
05:25 EDTMEMPMemorial Production acquires oil and gas properties off Southern CA for $271M
Memorial Production Partners LP announced that it has signed a definitive agreement to acquire certain oil and gas producing properties offshore Southern California from Rise Energy Partners for a purchase price of $271M, which includes $3M of working capital and other customary adjustments. This transaction will have an effective date of September 1 and is expected to close in December. Terms of the transaction were approved by the board of the general partner of MEMP and by the board's conflicts committee, which is comprised entirely of independent directors.
News For MEMP From The Last 14 Days
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December 19, 2014
10:17 EDTMEMPOn The Fly: Analyst Downgrade Summary
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09:45 EDTMEMPMemorial Production downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Memorial Production to Neutral citing weak oil prices at the operational issues that arose in Q3. The firm lowered its price target for shares to $16 from $26.
December 18, 2014
09:22 EDTMEMPMemorial Production announces $150M common unit repurchase program
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December 15, 2014
11:04 EDTMEMPEnergy MLPs downgraded at Oppenheimer
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10:59 EDTMEMPMemorial Production downgraded to Perform from Outperform at Oppenheimer
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