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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:37 EDTEGY, EPM, MPO, SFYMidstates Petroleum rises after earnings delayed for 'positive' developments
Shares of Midstates Petroleum (MPO) are increasing after the company rescheduled its fourth quarter earnings release, citing positive developments in its discussions with its banks. WHAT'S NEW: Midstates Petroleum announced last night that the company has rescheduled its fourth quarter earnings release to Tuesday, March 11 after the close of trading from Tuesday, March 4. Midstates noted that, as previously disclosed, the company is pursuing "a number of different options to streamline its portfolio," including sales of assets, joint ventures, and other possible farm-out arrangements. The company said it is in discussions with its commercial banking group to modify its debt structure to facilitate implementing such actions and Midstates added that it will discuss these "positive developments" during its rescheduled conference call. The actions currently in progress do not include additional equity or long-term debt issuance, Midstates noted. PRICE ACTION: During mid-morning trading, shares of Midstates Petroleum rose 49c, or 10.77%, to $5.04. OTHERS TO WATCH: Oil and gas exploration and production companies with market capitalization similar to Midstates Petroleum include Evolution Petroleum (EPM), Swift Energy (SFY), and VAALCO Energy (EGY).
News For MPO;EPM;SFY;EGY From The Last 14 Days
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October 6, 2015
16:50 EDTEGYVAALCO Energy says executing plan to boost shareholder value
VAALCO Energy issued the following statement regarding the letter sent earlier to its Board of Directors from Bradley L. Radoff and Group 42, Inc.: "Our Board of Directors and management team are committed to acting in the best interests of all VAALCO stockholders. Consistent with this commitment, the Board and management team are executing a strategic plan that we believe will drive enhanced stockholder value and ensure that VAALCO successfully moves through what is currently one of the most challenging environments for the oil and gas industry. As a matter of course, we maintain an open dialogue with current and prospective investors. Although we received no response to our most recent invitation to meet with Bradley L. Radoff and Group 42 to better understand their views, we have had several previous conversations with Bradley L. Radoff and Group 42. We welcome constructive input from our stockholders on how we can create additional value."
12:32 EDTEGYBradley Radoff and Group 42 deliver letter to VAALCO Energy board
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October 5, 2015
07:17 EDTSFYIndependent Petroleum Association of America to hold a conference
IPAA--OGIS is being held in San Francisco on October 5-6.
September 28, 2015
06:48 EDTEGYVAALCO Energy adopts stockholder rights plan
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September 25, 2015
15:19 EDTEGYBradley Radoff reports 6.8% stake in VAALCO Energy
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