New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 2, 2014
07:37 EDTPVAPenn Virginia announces sale of Mississippi assets for $72.7M
Penn Virginia announced that it has entered into a definitive agreement to sell its Mississippi assets to an undisclosed buyer for gross cash proceeds of $72.7M. The sale is expected to close in July and is subject to customary purchase price adjustments and other customary closing conditions. The effective date of the sale is April 1. The properties to be sold had net production of approximately 11.9M cubic feet of natural gas equivalent per day during 1Q14, almost 100% of which was natural gas. As a result of the divestiture, our FY14 production will decrease by an estimated 1.9 billion cubic feet of natural gas equivalent. Estimated proved reserves associated with the divested properties, as determined by our third party engineers at year-end 2013, were 85.3 Bcfe, 69% of which were proved developed and approximately 100% of which were natural gas.
News For PVA From The Last 14 Days
Check below for free stories on PVA the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 31, 2014
07:41 EDTPVAPenn Virginia should be bought on any weakness, says RBC Capital
Subscribe for More Information
July 30, 2014
18:54 EDTPVAOn The Fly: After Hours Movers
UP AFTER EARNINGS: VistaPrint (VPRT), up 20.6% after reporting better than expected quarterly results and guiding fiscal 2015 higher than analyst estimates... Mobileiron (MOBL), up 16.5%... LivePerson (LPSN), up 10.6%... Equinix (EQIX), up 1.1%... Whiting Petroleum (WLL), up 1.2%. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 9.9% after reporting second quarter results and that it will acquire Cie Games for $100M in cash and stock... ServiceNow (NOW), down 5.8%... Akamai (AKAM), down 5.3%... Westell Technologies (WSTL), down 7.5%... Solazyme (SZYM), down 4%... Whole Foods (WFM), down 3.4% after reporting third quarter results and guidance for the fourth quarter and fiscal 2014... Kraft Foods (KRFT), down 1.6%... Lam Research (LRCX), down 1.6%... Yelp (YELP), reverses in after-hours trading and shares are down marginally after reporting a decline in newly added businesses. ALSO LOWER: Penn Virginia (PVA), down 2.1% after announcing that it has sold Eagle Ford Shale acreage rights for $150M... Yum! Brands (YUM), down 5.6% after saying that OSI had a "significant, negative impact" to its sales in China.
17:08 EDTPVAPenn Virginia announces sale of Eagle Ford rights for $150M
Subscribe for More Information
16:53 EDTPVAPenn Virginia announces agreements to construct, operate oil gathering system
Subscribe for More Information
16:40 EDTPVAPenn Virginia reports Q2 EPS (7c), consensus (3c)
Reports Q2 revenue $139.4M, consensus $149.6M. Q2 production from Eagle Ford Shale operations increased six percent to 15,618 barrels of oil equivalent per day compared to 14,761 BOEPD in the prior quarter. 2014 capital expenditures are expected to range between $762M-$808M. 2014 production is expected to range between approximately 8.8 and 9.2 MMBOE.
July 17, 2014
07:10 EDTPVAPenn Virginia outlook has improved, says Stifel
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use