On Tuesday, Following Stocks were among the “Top 50 Gainers” of U.S. Stock Market: Goodrich Petroleum Corp. (NYSE:GDP), Vivint Solar, Inc. (NYSE:VSLR), Real Goods Solar, Inc. (NASDAQ:RGSE), Midstates Petroleum Company, Inc. (NYSE:MPO)
Goodrich Petroleum Corp. (NYSE:GDP), with shares inclined 12.22%, closed at $3.03.
Vivint Solar, Inc. (NYSE:VSLR), with shares jumped 12.20%, settled at $12.23.
Real Goods Solar, Inc. (NASDAQ:RGSE), with shares climbed 11.57%, and closed at $0.31.
Midstates Petroleum Company, Inc. (NYSE:MPO), surged 11.24%, and closed at $0.89.
Latest NEWS regarding these Stocks are depicted underneath:
Goodrich Petroleum Corp. (NYSE:GDP)
On March 10, Goodrich Petroleum Corp. (GDP), declared that it has closed its formerly declared public offering of 12,000,000 shares of the Corporation’s ordinary stock at $4.15 per share. Gross proceeds from the offering totaled about $49.8 million. The Corporation intends to use the net proceeds from the offering to repay borrowings under its credit facility and for general corporate purposes.
J.P. Morgan Securities LLC acted as sole book-running manager for the offering.
Goodrich Petroleum is an independent oil and natural gas exploration and production corporation listed on the New York Stock Exchange. The corporation holds interest in the Tuscaloosa Marine Shale located in southwest Mississippi and southeast Louisiana; the Eagle Ford Shale Trend located in South Texas; and the Haynesville Shale Trend in Northwest Louisiana and East Texas.
Vivint Solar, Inc. (NYSE:VSLR)
Last Tuesday, Trina Solar Limited (TSL) declared that its industry-leading Trinasmart panels are now part of the technology solution that Vivint Solar, Inc. (VSLR), the second largest U.S. residential solar provider, offers to its customers. Trinasmart is a module-integrated solution that optimizes the energy output of PV systems, enhances solar array safety, improves installation speeds and reduces balance of system costs.
“Vivint Solar is a solar industry leader that is delivering cost-effective and innovative solutions every day. That’s why we’re excited to partner with them and provide our high-performing Trinasmart modules for their residential offering,” said Jing Tian, Trina Solar Head of Global Marketing. “With Trinasmart, we can assist Vivint Solar’s installation and operations and maintenance teams through faster install times, improved monitoring capability and advanced fire-safety features – putting them ahead of the curve in the distributed generation market.”
“We are proud to offer homeowners advanced solar technology and plan to start installing Trinasmart modules right away,” said Jan Newman, Vice President of Business Development at Vivint Solar. “We are confident in the long-term value of monitoring system performance on the module level with Trinasmart.”
Vivint Solar, Inc. provides distributed solar energy to residential customers in Arizona, California, Hawaii, Maryland, Massachusetts, New Jersey, New York, and Utah.
Real Goods Solar, Inc. (NASDAQ:RGSE)
On Tuesday, Real Goods Solar, Inc. (RGSE), one of the nation’s largest and most recognized rooftop installers of solar equipment, has renewed its revolving line of credit with Silicon Valley Bank (SVB). The corporation also renewed its loans with Riverside Fund III, L.P, an associate of RGS Energy’s largest shareholder, Riverside Renewable Energy Investment (Riverside).
The latest amendment to the corporation’s credit facility with SVB provides RGS Energy with a $5 million revolving line of credit through March 15, 2016. The amendments to the loans from Riverside extend $3.15 million in loans through March 31, 2016.
“The extension of our line of credit and investor loans, coupled with our recently accomplished public offering, significantly strengthen our financial position,” said Dennis Lacey, CEO of RGS Energy. “This will allow us to focus on concluding our restructuring and executing on our 2015 business plan to improve the efficiency and profitability of our business.”
Real Goods Solar, Inc. operates as a residential and commercial solar energy engineering, procurement, and construction corporation in the United States. It provides commercial and residential solar energy solutions.
Midstates Petroleum Company, Inc. (NYSE:MPO)
On Monday, Midstates Petroleum Corporation, Inc. (MPO), declared its financial and operating results for the three months and full year ended December 31, 2014 in addition to year-end 2014 proved reserves and related costs, and revealed its 2015 guidance for capital expenditures, production and Adjusted EBITDA.
The Corporation stated that an updated investor handout, counting 2015 guidance, has been posted to its web site, www.midstatespetroleum.com.
Midstates grew its year-end 2014 estimated proved reserves to 153.7 MMBoe, up 20% from 127.8 MMBoe at year-end 2013. Midstates’ reserves were fully engineered by its third-party reserve engineers.
Year-end 2014 reserves were comprised of 38% oil, 21% natural gas liquids (NGL), and 41% natural gas. Of the total reserves, 48% are proved developed. Geographically, 90% are in the Mississippian (which comprises the Mississippian Lime and Hunton properties in Oklahoma), 8% are in the Anadarko Basin in Oklahoma and Texas, and the balance of 2% is in the Gulf Coast in Louisiana. Midstates operates 92% of its proved reserves.
During 2014, extensions, discoveries and other additions added 77.0 MMBoe, reflecting organic reserve replacement of 657% of 2014 production of 11.7 MMBoe. The strongest organic reserve growth was from the Mississippian Lime operations, where 76.5 MMBoe of new reserves were added. In early 2014, Midstates sold its Pine Prairie assets in Louisiana with total proved reserves of 16.5 MMBoe.
The Corporation recorded net negative reserve revisions of 22.9 MMBoe of which 97%, or 22.2 MMBoe, were PUD reserves in the Anadarko Basin that the Corporation elected to remove from its proved reserves in accordance with the Securities and Exchange Commission (SEC) five-year PUD development rule. Midstates suspended drilling in the Anadarko Basin in the fourth quarter of 2014 following the sharp decline in oil prices. All in, counting attainments, drill bit additions, and revisions, the Corporation replaced 320% of total 2014 production. At year-end, Midstates’ 2014 proved reserves as prepared utilizing SEC pricing had a net present value discounted at 10% (PV10) of $2.4 billion.
In 2014, the Corporation incurred total attainment, exploration and development costs of $552 million. Attainment costs totaled $26 million for additional acreage attaind during 2014 in its key operating areas. Operational capital expenditures totaled $530.4 million, or $6.89 per Boe of new proved reserves added, due in large part to the strong organic growth achieved in the Mississippian Lime properties. All-in finding, development and attainment costs for 2014, counting the effect of revisions to previous reserve estimates, were $9.80 per Boe.
Midstates Petroleum Corporation, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States.
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