Company Overview and News
Mid-Con Energy Partners LP is one of few upstream master limited partnerships still in the game after years of depressed oil prices. (10-0)
While I have never recommended the common, at times I've considered the preferred and debt to have favorable risk versus reward. (48-1)
First, they are sitting on excess cash. This could be due to a lack of compelling investment opportunities, staying defensive, or a combination of both. (24-0)
"Sire, it's the villagers. They're coming this way, and they have torches and pitchforks!" [picture from Young Frankenstein, 1974] (32-0)
An ad hoc noteholder committee is being formed to oppose the current reorganization plan that gives recovery to shareholders. (87-0)
Many former bankrupt energy companies are trading within the reorganization plan’s equity value range, even after the recent plunge in energy prices.
Events leading up to the bankruptcy and the company's financial condition heading into bankruptcy are discussed and analyzed.
Stock and bond market indicators and performance for BOTB Club members are updated through the end of Q1 2017 and analyzed over several different time periods.
Stock-Callers.com turns to the Independent Oil and Gas space to see how current oil prices have affected the performances of select equities at the close of the last trading session. Under assessment are Memorial Production Partners L.P. (NASDAQ: MEMP), Sanchez Energy Corp. (NYSE: SN), Canadian Natural Resources Ltd (NYSE: CNQ), and Kosmos Energy Ltd (NYSE: KOS). Oil prices fell about 1% on Friday, February 24th, 2017, as worries about rising US supplies outweighed OPEC pledges to boost compliance with output curbs, according to a Reuters report.
Unit holders are getting 2% of the new equity and 5-year warrants to purchase 8% of the stock.
Memorial Production Partners (NASDAQ:MEMP) files for Chapter 11 reorganization in a restructuring that it believes will strengthen its financial position and eliminate more than $1.3B of debt.
* Vote on the insolvency plan scheduled for Feb. 3, 2017 Source text for Eikon: Further company coverage: (Gdynia Newsroom)
* Says turnaround plan of the company was approved by Seoul Central District Court on Jan. 13
WASHINGTON Jan 13 Chilean-based chemical and mining company Sociedad Quimica y Minera de Chile SA (SQM) has agreed to pay more than $30 million to resolve parallel civil and criminal cases that found it violated the U.S. Foreign Corrupt Practices Act, the U.S. Securities and Exchange Commission said on Friday.
* The north west company inc. To acquire 76% ownership in roadtown wholesale trading ltd. (operating as riteway food markets)
2017-10-28 - Wilton
2017-10-25 - Wilton
2017-10-10 - Wilton
2017-10-09 - Wilton
2017-08-25 - Wilton