Connect with us

Business

Traders Buzz: Seadrill Ltd(NYSE:SDRL), Linn Energy LLC (NASDAQ:LINE), Denbury Resources Inc. (NYSE:DNR)

Published

on

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

About thenextbigtrade.com

thenextbigtrade.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. thenextbigtrade.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed “informational edge” which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at Specialpennystockalert.com.

Disclaimer

The assembled information disseminated by thenextbigtrade.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. thenextbigtrade.com does expect that investors will buy and sell securities based on information assembled and presented in thenextbigtrade.com. PLEASE always do your own due diligence, and consult your financial advisor.

Business

Oil Declines Pending U.S Rig Count; Concerns Over High Global Supply

Published

on

By

Oil prices declined on Friday, with U.S. crude down 3%, as investors and traders waited anxiously to see if the U.S. oil rig count will fall even more while OPEC members indicated they would do little to cut output. Declining share prices on Wall Street, which have given guidance to oil recently, also pressured crude futures, addition with reduced political turmoil in the Middle East from United States-Russia discussions on Syria. The dollar bounced to contain oil and additional commodities, following Thursday’s decision by the Fed to keep U.S interest rates unchanged pushed the currency to a 21 day low earlier.

This directed attention largely on oil services firm Baker Hughe’s weekly United States oil rigs report set at 1:00p.m EDT. U.S oil drillers have slashed rigs over the last two weeks, a signal that renewed price drops since July possibly be slowing some from returning to the well pad in large way. “With U.S. output shifts still very much under the microscope, today’s oil rig counts could be a key determinant as to how the complex finishes this week,” said Jim Ritterbusch, analyst at Ritterbusch & Associates. “We expect another decline but one downsized from recent double digit decreases,” he stated. U.S crude futures CLcl fell $1.20, or 2.6%, at $45.70 per barrel.

Next, OPEC member Kuwait stated it would take time for the oil markets to correct itself, representing the group would still defend market share regardless of production cuts to boost prices. Additional OPEC sources stated they project oil will increase a maximum $5 a barrel annually to reach $80 by the year 2020. Iran’s deputy oil minister repeated Iran’s plans to get back its oil production share once nuclear-related sanctions are gone against Tehran, enhancing that new oil contracts would be released in coming weeks. Russia was the only main producer to state on Friday it was probably going to cut production at below $40 a barrel.

Continue Reading

Business

Illegal Marijuana: Is That Still A Thing?

Published

on

By

Marijuana has finally been made legal and will continue to be made legal over the next couple of years throughout the country. However, there is still a need for marijuana to be sold through the black market. Why? Because of taxes.Regulators have made it near impossible for legal markets get out of restriction. Because of this, while cannabis is allowed in certain areas, drug lords and street dealers have been doing exceptionally well.

A main concern is the banking limits put upon cannabis markets. Dealings have been approved by the government, but still are a threat to the industry because no definitive law has been amended to the books. Lawmakers in Washington D.C. recently added a 37 percent excise tax and restricted the number of retail locations. This put the legal market in a state of non competitiveness with the underground trade. Lawmakers are going to have to levy taxes and release oppressing rules if they seek to stop illegal drug trading.

Find out which companies are good marijuana stocks to buy, here.

Continue Reading

Business

Marijuana Stocks Are The Highlight Of MarijuanaStocks.com Late Night Analysis

Published

on

By

Within the capital markets public companies keep sprouting from, it seems, out of nowhere to try and carve out their own green footprint. Cannabis stocks, as volatile as they may be, continue to captivate investors looking to grab their own piece of a brand new industry, the same way their parents did ten plus years ago with “DotCom.” Dot Bong seems to be the millennials’ turn at finding the next Ebay or Amazon. Think about it, if you could have invested in alcohol just as prohibition was ending, would you (assuming that there was an opportunity to purchase shares of a publicly traded alcohol company)? I will be presumptuous and say “yes”f or you; and that’s exactly what’s happening. Marijuana is the newest “sin” sector in the public markets, joining the likes of big tobacco, Alcohol, and Gaming industry. When the discussion about marijuana stocks comes about, where do you stand? Do you find yourself in the same mindset of at least 7 high net worth investment funds taking the leap into buying cannabis stocks or are you still watching from the sidelines?

 

Read the full article “Marijuana Stocks Continue To Spark Up Conversation In 2015” on MarijuanaStocks.com now

Continue Reading
Advertisement

Trending