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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:37 EDTEGY, MPO, SFY, EPMMidstates 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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February 3, 2016
19:06 EDTEPMEvolution Petroleum completes separation of GARP operations
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19:03 EDTEPMEvolution Petroleum reports Q2 EPS 2c, consensus 6c
Reports Q2 revenue $6.56M, consensus $8.17M. Reports Delhi net production 1,801 BOPD, up 6% sequentially. Reports Delhi average realized oil price $39.59 per barrel, down sequentially from $46.70 per barrel. Reports Delhi lifting costs $13.44 per barrel, down 18% from $16.37. Reports net working capital $13.7M.
January 26, 2016
16:49 EDTEGYVAALCO Energy provides operational update
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16:47 EDTEGYVAALCO Energy to explore strategic alternatives, engages Scotia Capital
VAALCO Energy announced that its Board of Directors has formed a strategic committee to explore a range of strategic alternatives to further enhance shareholder value. The strategic alternatives process will explore options for the future of the company including, but not limited to securing additional investment to support existing projects and growth opportunities, joint ventures, asset sales or farm-outs, the potential sale or merger of the company, or continuing to pursue the company's existing operating plan. There is no assurance that the strategic alternatives process will result in VAALCO completing any such transaction and the company does not intend to make any further announcements regarding strategic alternatives unless and until a final decision has been made by its Board. VAALCO has engaged Scotia Capital as financial advisor who will advise the company of potential strategic alternatives.

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