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Stock Market & Financial Investment News

News Breaks
December 3, 2012
08:10 EDTRENResolute Energy acquires oil production and acreage, expands Permian Basin
Resolute Energy announced that it has entered into a definitive agreement to acquire oil assets, including existing production and undeveloped acreage, in the Permian Basin of Texas and southeast New Mexico from a private party for a purchase price of approximately $120M. The transaction is expected to close on or about December 21.  The company expects to finance the acquisition with debt.  The transaction has an effective date of August 1, and is subject to customary conditions and purchase price adjustments. Combined, the acquired properties produced a net 1,418 barrels of oil equivalent per day in the third quarter of 2012 and had estimated proved reserves of 4.1 million Boe, of which 73% is crude oil.  The company believes that there may be significant additional resource potential in excess of the reserves currently categorized as proved. 
News For REN From The Last 14 Days
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November 12, 2014
10:00 EDTRENOn The Fly: Analyst Downgrade Summary
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08:55 EDTRENResolute Energy downgraded to Equalweight from Overweight at Capital One
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November 11, 2014
10:00 EDTRENOn The Fly: Analyst Downgrade Summary
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06:22 EDTRENResolute Energy downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Resolute Energy to Market Perform due to lack of visibility on financing following the company's decision to rule out Aneth monetization.
November 10, 2014
15:26 EDTRENNotable companies reporting after market close
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08:17 EDTRENResolute Energy reports Q3 total production 1,164 MBoe
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08:16 EDTRENResolute Energy reports Q3 EPS 20c, may not be comparable to consensus (6c)
Reports Q3 revenue $84.1M, consensus $82.93M

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