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Stock Market & Financial Investment News

News Breaks
July 25, 2014
09:01 EDTRSPPRSP Permian agrees to acquire Midland Basin assets for $259M
SP Permian announced it has entered into definitive agreements in separate transactions with multiple sellers to acquire certain undeveloped acreage and oil and gas producing properties located in Glasscock County for an approximate aggregate price of $259M in cash, subject to certain adjustments. the acquisition consists of 7,680 gross surface acres or 21,440 gross effective horizontal acres in Glasscock County. It has an aggregate current net production of approximately 1,106 Boe/d with 13 vertical wells drilled to date and net proved reserves of approximately 22M Boe with over 125 million Boe of resource potential based on internal estimates.
News For RSPP From The Last 14 Days
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September 11, 2014
10:00 EDTRSPPOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Airgas (ARG) initiated with a Neutral at Northcoast... CBOE Holdings (CBOE) initiated with a Buy at Deutsche Bank... CME Group (CME) initiated with a Buy at Deutsche Bank... Colfax (CFX) initiated with a Neutral at Northcoast... Corporate Office Properties (OFC) initiated with an Overweight at Capital One... Edwards Lifesciences (EW) initiated with a Buy at Sterne Agee... Energen (EGN) initiated with a Buy at Deutsche Bank... Goodrich Petroleum (GDP) initiated with an Outperform at Cowen... GreenHunter Resources (GRH) initiated with a Hold at Stifel... GrubHub (GRUB) initiated with a Market Perform at Barrington... Illinois Tool Works (ITW) initiated with a Neutral at Northcoast... IntercontinentalExchange (ICE) initiated with a Hold at Deutsche Bank... JD.com (JD) initiated with a Buy at Brean Capital... Lincoln Electric (LECO) initiated with a Buy at Northcoast... Live Nation (LYV) initiated with a Buy at Jefferies... Medtronic (MDT) initiated with a Neutral at Sterne Agee... Midstates Petroleum (MPO) initiated with a Market Perform at Cowen... NASDAQ (NDAQ) initiated with a Hold at Deutsche Bank... Newfield Exploration (NFX) initiated with an Outperform at Iberia... Newpark Resources (NR) initiated with an Outperform at Credit Suisse... Nuverra Environmental (NES) initiated with a Buy at Stifel... Palo Alto (PANW) initiated with a Buy at Roth Capital... Petrobras (PBR) initiated with an Outperform at Cowen... RSP Permian (RSPP) initiated with a Hold at Deutsche Bank... Sensata (ST) initiated with an Equal Weight at Morgan Stanley... Stage Stores (SSI) initiated with a Neutral at Credit Suisse... Synergy Resources (SYRG) initiated with an Outperform at Cowen... TE Connectivity (TEL) initiated with an Overweight at Morgan Stanley... Twitter (TWTR) initiated with a Buy at Canaccord... Walter Investment (WAC) initiated with an Underweight at Barclays... Washington REIT (WRE) initiated with an Equalweight at Capital One... Yandex (YNDX) initiated with a Buy at Canaccord... Yara International (YARIY) initiated with a Neutral at Credit Suisse.
05:35 EDTRSPPRSP Permian initiated with a Hold at Deutsche Bank
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September 2, 2014
08:24 EDTRSPPRSP Permian closes acquisitions in Glasscock County for $275M
Permian has closed its previously announced acquisitions in Glasscock County for an aggregate purchase price of $257M in cash, subject to certain post-closing adjustments. The acquired properties include over 125M Boe of resource potential based on internal estimates and are 100% operated by RSP. In conjunction with the closing of the acquisitions, RSP announces that the Company has closed an amendment to its revolving credit facility that provides for, among other things: increasing the borrowing base to $500M from $375M; increasing the lenders' maximum facility commitments to $1.0B from $500M; extending the maturity date two additional years to August 2019; and allowing RSP the ability to issue senior notes.

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