WILMINGTON, Del., Jan 5- Swift Energy Co received U.S. bankruptcy court approval on Tuesday to borrow up to $15 million, giving the oil-and-gas exploration company time to negotiate a refinancing deal that is key to its turnaround. "We need to try to minimize Chapter 11 time and expense as much as possible," said Gregory Gordon, a Jones Day attorney who represents Swift,...
Dealmaking in America's oil patch has slowed to a trickle, while organized restructurings have ticked up among drillers.
Dec 1- A U.S. judge approved a reduced incentive plan for top executives of Sabine Oil& Gas Corp on Tuesday, despite opposition from unsecured creditors who demanded that any bonus scheme be linked to a sales process for the bankrupt company. Houston- based Sabine filed for Chapter 11 protection in July with $2.8 billion in outstanding debt, joining a growing rank...
Sept 17- Oil and gas producer Samson Resources Corp filed for Chapter 11 bankruptcy protection on Wednesday to carry out a debt-cutting plan reached with key lenders, who will assume control of the company. The company, owned by private-equity firm KKR& Co, listed assets and liabilities of more than $1 billion in its bankruptcy filing. The plan must be approved by...
Bankruptcy and dealmaking has yet to hit the U.S. oil patch, but drillers face another crucial test of their health this fall.
Unlucky investors that put $1 million into these S&P 1500 stocks in 2007 would have seen their investments fall to $54,000 or less. USA Today reports.
Some of the names on the move ahead of the open.
Traders are looking for Forest Oil to rally after being trapped in an extremely tight range for the last month.
SAC Capital's Steve Cohen owns a large portion of some companies' shares outstanding, and some of these may move on news that his firm faces criminal charges.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites!
Bullish traders are piling into Forest Oil as the stock tries to bounce at its July lows.
Oct 12- Forest Oil Corp:. *Susquehanna raises Forest Oil Corp price target to $12 from $10. Reuters Station users, click. 1568.
NEW YORK, Oct 12- Forest Oil Corp:. *Shares up 3.6 percent in premarket trading. NEW YORK, Oct 12- Forest Oil Corp:.
DENVER-- Forest Oil is selling all of its South Louisiana properties for about $220 million as part of its plan to shed some non-core assets. Forest Oil Corp. previously announced that it is selling its East Texas natural gas gathering assets for $34 million. The Eagle Ford shale formation stretches from the western Texas- Mexico border to Louisiana.
*Barclays raises Bill Barrett price target to $28 from $27; rating. *Barclays raises Cimarex Energy Co price target to $78 from $77;. *Barclays raises Comstock Resources price target to $18 from $17;.
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 0913 GMT 10 Oct12- FirstRand extends gains on Credit Suisse upgrade------------------------------------------------------------------.
NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."
Forest Oil slipped below $7 yesterday, but attracted bullish option activity.
Shareholders big and small may cheer the flurry of recent spin-offs, but in some cases divestitures can be a sugar high that comes at the expense of long-term earnings.
With the recent run-up in oil prices, have some of the energy names gone too high?