Lakeway, NY — (US MARKET BUZZ) — 12/17/2014— thenextbigtrade.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on Seadrill Ltd(NYSE:SDRL), Linn Energy LLC (NASDAQ:LINE), Denbury Resources Inc. (NYSE:DNR).
Seadrill Ltd(NYSE:SDRL) shares jumped 4.22% to $11.10. Shareholder rights law firm Robbins Arroyo LLP on Dec. 10 announces that an investor of Seadrill Limited (SDRL) has filed a federal securities fraud class action complaint in the U.S. District Court for the Southern District of New York. The complaint alleges that the company and certain of its officers and directors violated the Securities Exchange Act of 1934 between July 10, 2014 and November 25, 2014. Seadrill is the world’s largest offshore drilling contractor, providing offshore drilling services to the oil and gas industry worldwide. According to the complaint, Seadrill American Depository Receipts (“ADRs”) fell $5.52 per ADR, to close at $15.19 per ADR on November 26, 2014, after Seadrill revealed that it would be indefinitely suspending its $4 per share annual dividend.
Should Investors Buy SDRL After The Recent Development? Find Out Here
Linn Energy LLC (NASDAQ:LINE)’s shares gained 10.07% to $10.84. LINN Energy, LLC (LINE) (“LINN” or the “Company”) and LinnCo, LLC (LNCO) (“LinnCo”) on Dec. 15 announced that LINN has closed the previously announced sale of its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest, Ltd. and FourPoint Energy, LLC at a contract price of $1.95 billion (the “Granite Wash sale”), subject to pre- and post-closing purchase price adjustments.
Is LINE Going To Rise or Fall After Today’s Price Action? Find Out Here
Denbury Resources Inc. (NYSE:DNR)’s shares gained 1.58% to $6.44. The company on Dec. 10 announced that it has entered into a new five-year revolving credit facility which amends and restates the Company’s prior facility that was set to mature in May 2016. This new amended and restated revolving credit facility (“Facility”) has a maximum facility size of $3.5 billion and an initial borrowing base of $3 billion. The Company elected to maintain the aggregate lender commitments at $1.6 billion to be consistent with the Company’s prior facility. The Facility provides for an annual redetermination of the borrowing base around May 1 of each year and permits the Company to increase the aggregate lender commitments up to the borrowing base amount with approval and incremental commitments from the existing lenders or new lenders.
Can Traders Buy DNR After The Solid Rally? Get Free Trend Analysis Here
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