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Stock Market & Financial Investment News

News Breaks
June 26, 2014
07:24 EDTNES, PVAJefferies to hold a summit
Boston Energy Summit to be held in Boston on June 26.
News For NES;PVA From The Last 14 Days
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August 25, 2014
17:19 EDTNESNuverra Environmental sees increased activity in core Shale Solutions Segment
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17:14 EDTNESNuverra Environmental evaluating revised VeroLube proposal
Nuverra Environmental Solutions provided an update on the status of its previously announced agreement to divest Thermo Fluids. Nuverra has been informed by representatives of VeroLube USA and its financial advisor that VeroLube is proposing a reduction in the purchase price for TFI from the previously agreed total of $175M to a revised total purchase price of $145M. Nuverra was further informed that the proposed revised purchase price of $145M would include a stock component that may be greater than the previously agreed upon $10M. VeroLube has proposed a revised transaction closing date of September 30. VeroLube and its financial advisor informed Nuverra that they have finalized the debt component of their financing strategy, and believe they could finalize the equity component in the next several weeks. Nuverra is currently evaluating the revised VeroLube proposal. The exclusivity period with VeroLube, which prohibits Nuverra from negotiating with other interested parties, ends on August 29.
11:44 EDTPVAStocks with call strike movement; PVA HLF
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07:14 EDTPVAPenn Virginia sees Q3 production 1,909 MBOE-2,024 MBOE
Sees Q3 total production 20,750 BOEPD-22,000 BOEPD. Although well results continue to meet or exceed expectations, the company anticipates delays in the timing of completions associated with 2H14 drilling program, including those wells to be drilled with the recently added seventh and eighth drilling rigs. In addition, as a result of the delays, the company now expects four fewer wells will be turned in line in 2014, with those four wells now expected to be turned in line during 1Q15. Pro forma for the sale of the company's Mississippi assets, which closed at the end of July, the company now expects a 1%-7% increase in production in Q3 over Q2 and a 29%-36% increase in production in Q4 over Q3. The company's Eagle Ford production is expected to increase approximately 50%-60% in Q2 over the first half, driven by continued well completions and anticipated strong well results.

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