Posts for Ticker ‘WLL’

Top Analyst Upgrades (CTV, DPS, COOL, PBG, TRW, WLL)

These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Thursday morning:

CommScope (CTV) Raised to Outperform at Baird.
Dr. Pepper Snapple (DPS) Raised to Buy at Deutsche Bank.
Majesco Entertainment (COOL) Raised to Buy at Needham.
Pepsi Bottling (PBG) Raised to Buy at Deutsche Bank.
TRW Automotive (TRW) Raised to Neutral from Underweight at JPMorgan.
Whiting Petroleum (WLL) Started as Overweight at Thomas Weisel.

JON C. OGG

Posted on: April 2, 2009 – 6:38 am in Analyst Calls, , , , , ,

Whiting Petroleum Raises Cash (WLL)

Money_stack_pic_3It looks like we have more offerings coming to market, or at least more and more are being contemplated.  Whiting Petroleum Corporation (NYSE: WLL) announced that its secondary offering for 8 million shares of common stock was priced at $29.00 per share. 

Read More »

Posted on: January 29, 2009 – 7:38 pm in Oil & Gas, Secondary Offering,

Top 10 Pre-Market Analyst Calls (BMC, CNK, CTXS, CME, CTCM, DHT, RDEN, HOV, TPX, WLL)

These aren’t going to be the only impact analyst calls this Tuesday morning, but these are ten of the calls we are focusing on very early this morning:

  • BMC Software (NYSE: BMC) Started as Neutral at UBS.
  • Cinemark (NYSE: CNK) cut to equal-weight at Morgan Stanley.
  • Citrix Systems (NASDAQ: CTXS) Cut to Market Perform from Outperform at FBR.
  • CME Group (NYSE: CME) Raised to Buy from Hold at Citigroup.
  • CTC Media (NASDAQ: CTCM) started as Overweight at Lehman Brothers.
  • Double Hull Tankers (NYSE: DHT) raised to Neutral at JPMorgan.
  • Elizabeth Arden (NASDAQ: RDEN) raised to Outperform at Oppenheimer.
  • Hovnanian Enterprises (NYSE: HOV) Raised to Neutral from Sell at UBS.
  • Tempur-Pedic (NYSE: TPX) cut to Perform at Oppenheimer.
  • Whiting Petroleum (NYSE: WLL) started as Outperform at Wachovia.

Jon C. Ogg
June 17, 2008

Posted on: June 17, 2008 – 6:10 am in Analyst Calls, , , , , , , , , ,

IPO Filing: Whiting Trust, From Whiting Petroleum (WLL)

Whiting USA Trust I has filed yesterday to sell up to $195 million in units in an initial public offering.  This is an Austin-based trust structured in October 2007, and is essentially being sold off by Whiting Petroleum Corporation (NYSE:WLL); and Raymond James is the lead underwriter. 

The underlying properties include interests in approximately 3,000 producing wells located in 173 fields in 14 states. As of September 30, 2007, the total proved reserves attributable to the underlying properties, as estimated in the reserve report, were 13.18 MMBOE with a pre-tax PV10% value of $243.5 million. All of these reserves were classified as proved developed producing reserves. For the month of September 2007, the average daily net production from these properties was approximately 4,508 BOE/d or 4,057 BOE/d attributable to the net profits interest and were approximately 55% oil and natural gas liquids and 45% natural gas.

If you wish to join our open email distribution list we often provide more detailed IPO and spin-off coverage.  This trust from Whiting and other pending MLP and Trust spin-offs in the oil and gas sector are under review for our subscriber-based "Special Situation Investing Newsletter" where we cover buyouts, spin-offs, back-door plays into IPO’s, reorganizations, and more.

Jon C. Ogg
November 21, 2007

Posted on: November 21, 2007 – 12:40 pm in IPOs, Oil & Gas,