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Stock Market & Financial Investment News

News Breaks
January 7, 2014
06:01 EDTSYRGSynergy Resources reports Q1 EPS 8c, consensus 8c
Reports Q1 revenue $19.3M, consensus $20.91M.
News For SYRG From The Last 14 Days
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January 28, 2015
09:15 EDTSYRGOn The Fly: Pre-market Movers
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07:10 EDTSYRGGlobal Hunter Securities to hold a tour
Denver Energy Bus Tour travels throughout Denver, Colorado on January 28.
06:23 EDTSYRGSynergy Resources 16.2M share Spot Secondary priced at $10.75
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January 27, 2015
18:20 EDTSYRGOn The Fly: After Hours Movers
UP AFTER EARNINGS: ABIOMED (ABMD), up 27%... Yahoo (YHOO), up 7.2% after reporting fourth quarter results and that it is planning a tax-free spin-off of remaining Alibaba (BABA) stake... Freescale Semiconductor (FSL), up 10%... Marten Transport (MRTN), up 6%... U.S. Steel (X), up 9.2%... Key Tronic (KTCC), up 4%... Juniper Networks (JNPR), up 4.4%... Western Digital (WDC), consensus 2.6%... Electronic Arts (EA), up 4.8%... VMware (VMW), up 1.7%... AT&T (T), up 1.9%... Apple (AAPL), up 5.1%. ALSO HIGHER: Cirrus Logic (CRUS), up 2.9%, Skyworks (SWKS), up 1.3%, NXP Semiconductors (NXPI), up 1.5%, and Qorvo (QRVO), up 1% following Apple's first quarter results... EMC (EMC), up 2.1% following VMware's fourth quarter results... Alibaba (BABA), up marginally following Yahoo results and tax-free spin-off plans... DOWN AFTER EARNINGS: Ethan Allen (ETH), down 13.1%... EZCORP (EZPW), down 7.1%... International Game Technology (IGT), down 2.9%... Open Text (OTEX), down 4.4%. ALSO LOWER: Synergy Resources (SYRG), down 3.7% after filing to sell $150M of common stock.
16:14 EDTSYRGSynergy Resources files to sell $150M of common stock
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January 20, 2015
17:08 EDTSYRGSynergy Resources provides operational update
Synergy Resources reports operations at the company's Weis pad were successfully completed on January 17. This brings the total to twenty nine wells that have been drilled but not yet completed. The company determined that with the recent decline in drilling costs and the recently revised completion design, it would be economic to move forward with drilling its Cannon prospect. Importantly, the company maintains a 100% working interest in the Cannon prospect and the pad is located in the western area of the company's acreage position where line pressures have been lower, which is conducive to more efficient production. The company anticipates drilling operations on the Cannon pad will be concluded by late May or early June. The timing of the completions for the eleven Cannon wells, and the other aforementioned twenty nine wells, remains at the company's discretion pending market conditions. This timing may impact total D&C costs as the company continues to work to negotiate lower completion costs. The importance of pad location has increased over the last several months as midstream infrastructure challenges and winter weather have continued to impact production. Weather has impacted production sporadically during the fiscal second quarter as the area experienced several severe cold snaps, most notably in late December and early January. More significantly, midstream processing constraints in the northern area of our acreage have continued to restrict production. High line pressures have significantly impacted our vertical wells resulting in a reduction in the company's daily vertical production over the past several weeks. Additionally, the recently completed Weld 152 and Kelly Farms pads in the northern portion of the Wattenberg Field have experienced line pressures over 400 psi and the horizontal wells are only producing intermittently, thus reducing current daily horizontal production by 700-900 BOE.
17:06 EDTSYRGSynergy Resources announces day rate drilling contract with Ensign Drilling
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17:04 EDTSYRGSynergy Resources Q2 production running below expectations
Synergy Resources Q2 production is also running below expectations due to a delay in completions by other operators in which Synergy has a non-operated working interest. These new wells were estimated to contribute between 200-300 BOED net to Synergy's production for the quarter and now are scheduled for initial production to begin in late February or early March. If current midstream conditions and delays in non-operated well completions persist, the company anticipates its Q2 average daily production will range between 7,000-7,300 BOE.

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