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Stock Market & Financial Investment News

News Breaks
February 5, 2014
08:36 EDTNSLPNew Source Energy announces second acquisition in Southern Dome Field
New Source Energy Partners announced that it has acquired working interests in 23 producing wells and related undeveloped leasehold rights from an affiliate of Constellation Energy Partners. The properties are located in the Southern Dome field, located in Oklahoma County, Oklahoma. The transaction closed on January 31 with an effective date of August 1, 2013. The purchase price for the acquisition, after closing adjustments, was approximately $18.8M, of which $6.9M was paid in cash at closing, and the remaining $11.9M was paid by delivery of 488,667 common units of the Partnership. In addition, the Partnership also has agreed to pay additional consideration in the fourth quarter of 2014 if certain conditions are satisfied. The additional amount payable by the Partnership, if any, will be based on recently improved average daily production rates from these properties once these improved rates have been verified over a nine-month measurement period ending September 30, 2014, and will be calculated using the base pricing methodology for the acquisition, after accounting for the Partnership’s initial acquisition cost, certain capital expenditures and related costs of capital. Any additional amount owed will be payable in cash and/or additional common units of the Partnership, as determined by the Partnership.
News For NSLP From The Last 14 Days
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October 14, 2014
11:09 EDTNSLPNew Source Energy management to meet with Oppenheimer
Meeting to be held in Oklahoma City on October 21 hosted by Oppenheimer.
October 9, 2014
10:00 EDTNSLPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Acuity Brands (AYI) upgraded at Oppenheimer... Agnico-Eagle (AEM) upgraded to Buy from Hold at Desjardins... Apple (AAPL) upgraded to Outperform from Perform at Oppenheimer... Bank of Montreal (BMO) upgraded to Buy from Hold at Canaccord... Basic Energy (BAS) upgraded to Hold from Underperform at Jefferies... BreitBurn Energy (BBEP) upgraded to Outperform from Perform at Oppenheimer... Golden Minerals (AUMN) upgraded at Roth Capital... Helmerich & Payne (HP) upgraded to Buy from Hold at Jefferies... II-VI (IIVI) upgraded to Buy from Neutral at DA Davidson... LivePerson (LPSN) upgraded at Credit Suisse... Luminex (LMNX) upgraded to Market Perform at Cowen... MGM Resorts (MGM) upgraded at Craig-Hallum... New Gold (NGD) upgraded to Buy from Hold at Desjardins... New Source Energy (NSLP) upgraded to Outperform from Perform at Oppenheimer... Pacific Coast Oil (ROYT) upgraded to Buy from Hold at Stifel... Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies... Precision Drilling (PDS) upgraded to Strong Buy from Outperform at Raymond James... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Resource Capital (RSO) upgraded to Buy from Hold at MLV & Co.... Toyota (TM) upgraded to Buy from Neutral at BofA/Merrill... Transocean (RIG) upgraded to Outperform from Sector Perform at Iberia... Universal Technical (UTI) upgraded to Outperform from Market Perform at Wells Fargo... Vulcan Materials (VMC) upgraded to Buy from Neutral at Longbow.
09:44 EDTNSLPNew Source Energy upgraded at Oppenheimer
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08:49 EDTNSLPNew Source Energy upgraded to Outperform from Perform at Oppenheimer
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