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Stock Market & Financial Investment News

News Breaks
December 22, 2011
08:33 EDTPETD, CXO
theflyonthewall.com: Concho Resources acquires Permian Basin properties
Concho Resources (CXO) announced that it has entered into a definitive agreement to acquire operated interests in certain producing and non-producing assets in the Wolfberry trend in the Permian Basin from Petroleum Development (PETD) for approximately $175M, subject to customary purchase price adjustments. The Acquisition adds approximately 10,800 gross acres located in Andrews, Ector and Midland Counties, Texas. :theflyonthewall.com



News For PETD;CXO From The Last 14 Days
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May 17, 2012
07:23 EDTPETD
theflyonthewall.com: Pritchard Capital to host a conference

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May 16, 2012
05:58 EDTPETD
theflyonthewall.com: Petroleum Development 6.5M share Secondary priced at $26.50

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May 14, 2012
11:36 EDTCXO
theflyonthewall.com: Concho Resources says comfortable with capital position

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11:30 EDTCXO
theflyonthewall.com: Concho says consolidation going on in Permian

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10:24 EDTPETD
theflyonthewall.com: On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Arch Coal (ACI) upgraded to Buy from Neutral at UBS... Ares Capital (ARCC) upgraded to Equal Weight from Underweight at Barclays... Career Education (CECO) upgraded to Market Perform from Underperform at BMO Capital... Citi Trends (CTRN) upgraded to Outperform from Market Perform at Wells Fargo... Louisiana Pacific (LPX) upgraded to Outperform from Sector Perform at RBC Capital... McDermott (MDR) upgraded to Overweight from Neutral at JPMorgan... NetSuite (N) upgraded to Conviction Buy from Buy at Goldman... PDC Energy (PETD) upgraded to Buy from Hold at Canaccord... St. Jude Medical (STJ) upgraded to Buy from Neutral at Goldman... Teradata (TDC) upgraded to Overweight from Equal Weight at Barclays... Ultimate Software (ULTI) upgraded to Buy from Sell at Goldman... Vertex Pharmaceuticals (VRTX) upgraded to Overweight from Neutral at JPMorgan... Pulte Group (PHM) upgraded to Buy from Neutral at Guggenheim... Ryland Group (RYL) upgraded to Buy from Sell at Guggenheim... Toll Brothers (TOL) upgraded to Buy from Neutral at Guggenheim... NVIDIA (NVDA) upgraded to Average from Below Average at Cari. :theflyonthewall.com
06:29 EDTPETD
theflyonthewall.com: PDC Energy files to sell 6.5M shares of common stock
BofA Merrill Lynch, J.P. Morgan, and Wells Fargo Securities will act as joint book-runners for the offering. :theflyonthewall.com
06:21 EDTPETD
theflyonthewall.com: PDC Energy executes agreement to acquire Core Wattenberg assets
PDC Energy announced that the company has executed a definitive agreement to acquire Core Wattenberg assets that contain significant liquid-rich horizontal drilling opportunities from a private party for a purchase price of approximately $330.6M, subject to customary terms and adjustments. The effective date of the transaction is April 1 with closing currently scheduled for June 29, subject to customary closing conditions. The company's net production from Wattenberg is estimated to increase to approximately 15,600 Boepd, comprised of approximately 60% liquids. The company's net proved reserves from Wattenberg are estimated to increase to 106 MMBoe, comprised of approximately 60% liquids. The company estimates that its 2012 net production will increase to approximately 54.5 Bcfe from continuing operations :theflyonthewall.com
06:17 EDTPETD
theflyonthewall.com: PDC Energy upgraded to Buy from Hold at Canaccord
Canaccord upgraded PDC Energy based on strong Wattenberg field results and potential Utica potential. Price target raised to $41. :theflyonthewall.com
05:42 EDTCXO
theflyonthewall.com: Concho Resources to host conference call
Conference call to discuss agreement to acquire all the oil and natural gas assets of Three Rivers Operating Company will be held on May 14 at 11 am. Webcast Link :theflyonthewall.com

May 13, 2012
18:11 EDTCXO
theflyonthewall.com: Concho Resources to acquire oil & gas assets of Three Rivers

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