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Saturday 8 August 2015
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Friday’s Trade News Report on: Anadarko Petroleum (NYSE:APC), EnteroMedics (NASDAQ:ETRM), Continental Resources, (NYSE:CLR), RPC (NYSE:RES)

On Friday, Anadarko Petroleum Corporation (NYSE:APC)’s shares declined -0.49% to $75.71.

Anadarko Petroleum Corporation (APC) will host a conference call on Wednesday, July 29, 2015, at 8 a.m. CDT (9 a.m. EDT) to talk about its second-quarter 2015 financial and operating results. Earnings will be released after close of market on Tuesday, July 28.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces natural gas, oil, condensate, and natural gas liquids (NGLs).

EnteroMedics Inc (NASDAQ:ETRM)’s shares dropped -8.52% to $0.350.

EnteroMedics Inc. (ETRM), a developer and manufacturer of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders, recently declared the closing of its formerly declared public offering of 32,000,000 units (the “Offering”) generating net proceeds of about US$14.7 million, with each unit compriseing of one share of common stock and one Series A warrant to purchase one share of common stock at a purchase price of $0.50 per unit. Investors whose purchase of units in the offering would result in them beneficially owning more than the initial beneficial ownership limitation to be comprised of in the warrants following the consummation of the offering will have the opportunity to acquire units with Series C pre-funded warrants substituted for any common stock they would have otherwise attained over the initial beneficial ownership limitation, paying the same price of $0.50 per unit. The Series A warrants will be exercisable right away and will expire 42 months after their date of issuance at an exercise price of $0.60 per share. The pre-funded Series C warrants will be exercisable right away and will expire five years following issuance.

Canaccord Genuity acted as sole book-running manager and Craig-Hallum Capital Group acted as co-manager for the offering. Northland Securities and Roth Capital Partners served as financial advisors to the Company in connection with this transaction.

EnteroMedics Inc., a medical device company, focuses on the design and development of devices that use neuroblocking technology to treat obesity, metabolic diseases, and other gastrointestinal disorders. The company’s proprietary neuroblocking technology is designed to intermittently block the vagus nerve using electrical impulses. It develops the Maestro Rechargeable System, which is used to limit the expansion of the stomach, control hunger sensations between meals, reduce the frequency and intensity of stomach contractions, and produce a feeling of early and prolonged fullness.

At the end of Friday’s trade, Continental Resources, Inc. (NYSE:CLR)‘s shares dipped -1.86% to $34.36.

Continental Resources, Inc. (CLR) plans to declare second quarter 2015 earnings on Wednesday, August 5, 2015 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call to talk about second quarter 2015 results on Thursday, August 6, 2015 at 12:00 p.m. ET (11:00 a.m. CT).

Continental Resources, Inc. explores, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil production to end users, in addition to midstream marketing companies or crude oil refining companies at the lease. As of December 31, 2014, its estimated proved reserves were 1,351 million barrels of crude oil equivalent (MMBoe), with estimated proved developed reserves of 502 MMBoe. Continental Resources, Inc. was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.

RPC, Inc. (NYSE:RES), ended its Friday’s trading session with 1.33% gain, and closed at $12.92.

RPC, Inc. (RES) declared that it will release its financial results for the second quarter ended June 30, 2015 on Wednesday, July 29, 2015 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company’s financial and operating results on Wednesday, July 29, 2015 at 9:00 a.m. Eastern Time.

RPC, Inc. provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the United States, Africa, Canada, China, Eastern Europe, Latin America, the Middle East, and New Zealand. The company operates in two segments, Technical Services and Support Services.

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