During Wednesday’s Morning trade, Shares of Penn West Petroleum Ltd (USA) (NYSE:PWE), lost -5.98% to $0.851.
Park Lane Advisor has initiated coverage on the following equities: Vanguard Natural Resources LLC (VNR), Penn West Petroleum Ltd (PWE), Pengrowth Energy Corporation (PGH), and Midcoast Energy Partners L.P. (MEP). Free research report on Vanguard Natural Resources can be accessed at http://www.parklaneadvisor.com/. On Wednesday, December 23, 2015, the NASDAQ Composite ended at 5,045.93, up 0.90%, the Dow Jones Industrial Average advanced 1.06%, to finish the day at 17,602.61, and the S&P 500 closed at 2,064.29, up 1.24%. The gains were broad based as all the sectors ended the session in positive. Register for your complimentary reports at the links given below.
Penn West Petroleum Ltd’s stock gained 6.06%, to close the day at $0.94. The stock recorded a trading volume of 3.37 million shares, below its three months average volume of 3.76 million shares. Penn West Petroleum Ltd’s shares have declined 7.46% in the last one month and 53.51% since the starting of 2015. However, the stock has rallied 99.50% in the previous three months. The company’s shares are trading 14.14% below their 50-day moving average. Additionally, Penn West Petroleum Ltd has an RSI of 47.18.
Penn West Petroleum Ltd. explores for, develops, and produces oil and natural gas properties in western Canada. The company’s properties are located in Alberta, British Columbia, Saskatchewan, Manitoba, and the Northwest Territories, Canada; and Wyoming, the United States.
Shares of EXCO Resources Inc (NYSE:XCO), inclined 3.33% to $1.24, during its current trading session.
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EXCO Resources Inc. (XCO) witnessed raised volatility Wednesday opening at .9769 and subsequently rallying to a high of 1.23. Volume was very heavy and investors traded more than 10.085 million shares for a 159% improvement from average daily 3 month volume. XCO offered a much-needed bright spot among energy companies which have largely taken a tumble as the falling price of oil and market forces continue to dominate Wall Street sentiment. Despite closing up 33.33% XCO is still trading below its 52-week high of 2.54. Key technical chart indicators to examine is the closing of XCO’s trading price Wednesday 1 cent below the 200 DMA of 1.23, suggesting that this level may serve as a near-term resistance.
We are closely monitoring XCO for our newsletter subscribers and will alert them via email when XCO presents additional gain opportunity.
EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in the United States.
Finally, SLM Corp (NASDAQ:SLM), lost -0.61%, and is now trading at $6.55.
Sallie Mae and College Select have declared that they have reached a three year agreement under which College Select will offer Sallie Mae’s “Smart Option Student Loan®” to students and families of College Select.
“The Sallie Mae Smart Option Loan provides flexibility and can be a responsible way to meet the cost of college.” said Dominick Ferraro, College Select’s CEO. “The features and benefits offered are an ideal solution for those expenses not covered under scholarships and grants.”
Sallie Mae offers highly competitive fixed and variable interest rates with no origination fees or prepayment penalties on its Smart Option Student Loans. Customers can reduce their interest rate by enrolling in the automatic debit option and receive free access to their FICO® Score on a quarterly basis. To encourage responsible borrowing, Sallie Mae requires its Smart Option Student Loans to be certified by the school’s financial aid office to assist ensure customers borrow no more than the cost of attendance less other financial aid received.
SLM Corporation, together with its auxiliaries, operates as a saving, planning, and paying for education company in the United States. The company offers private education loans to students and their families. It also provides banking products, such as high yield savings accounts, money market accounts, and certificates of deposits; and operates a consumer savings network that offers financial rewards on everyday purchases to assist families save for college. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.
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