U.S. stocks are close to record levels and have more than tripled since bottoming out in March, 2009 in the wake of the financial crisis and the deep recession that followed it. The tepid global growth picture, means that any further gains from here are likely to be limited, says Tony Roth, Chief Investment Officer at Wilmington Trust.
“Most of the big gains in equities are behind us now,” says Roth. “It would seem very unlikely that we could string together multiple years where we could achieve anything better than high single digit returns.”
Insights about U.S. Stocks that are active during the current trade, are depicted underneath:
Oasis Petroleum Inc (NYSE:OAS)’s shares declined -3.00%, and is now trading at $13.90. The Stock is active as 5.13M shares changed hands versus its average volume of 11.86M shares.
Oasis Petroleum Inc. (OAS), declared that it has commenced an underwritten public offering of 25,000,000 shares of ordinary stock. Oasis anticipates to grant the underwriters a 30-day option to purchase up to 3,750,000 additional shares of ordinary stock. Oasis intends to use the net proceeds of this offering to repay outstanding borrowings under its credit facility and for general corporate purposes.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as book-running managers.
Entities associated with SPO Advisory Corp. have indicated an interest in purchasing an aggregate of about 25% of the ordinary stock offered in the offering at the price offered to the public. Because these indications are not binding contracts or commitments to purchase, any or all of these entities may elect not to purchase any shares in the offering, or the underwriter may elect not to sell any shares in the offering to any or all of these entities. In the event that these entities confirm their interest, Oasis will request that the underwriter consider selling to them such percentage of the ordinary stock offered in the offering.
The offering is being made following an effective shelf registration statement, which has been filed and became effective July 15, 2014. The offering will be made only by means of a preliminary prospectus supplement and the accorporationing base prospectus, copies of which may be obtained on the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, the underwriters will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting:
Oasis is an independent exploration and production corporation focused on the attainment and development of unconventional oil and natural gas resources, primarily operating in the Williston Basin.
Halliburton Company (NYSE:HAL), dipped -0.46%, and is now trading at $42.87. The Stock is active as 3.53M shares changed hands versus its average volume of 16.10M shares.
Halliburton Corporation (HAL), and Baker Hughes Incorporated (BHI) declared that each corporation will hold a special meeting of stockholders on March 27, 2015, at 9:00 AM Central Time, in connection with Halliburton’s pending attainment of Baker Hughes. Halliburton’s special meeting will be held at Halliburton’s offices at 3000 North Sam Houston Parkway East, Life Center Auditorium, Houston, Texas 77032, and Baker Hughes’ special meeting will be held at 2727 Allen Parkway, Wortham Meeting Room #2, Houston, Texas 77019. Halliburton stockholders will vote on whether to approve the issuance of shares of Halliburton ordinary stock in connection with the attainment, and Baker Hughes stockholders will vote on whether to approve the merger and the Contract and Plan of Merger, dated as of November 16, 2014, among Halliburton, a wholly owned partner of Halliburton and Baker Hughes, and, on a non-binding, advisory basis, the compensation payable to Baker Hughes’ named executive officers in connection with the merger.
Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With more than 80,000 employees, representing 140 nationalities in over 80 countries, the corporation serves the upstream oil and gas industry throughout the lifecycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.
AK Steel Holding Corporation (NYSE:AKS), dwindled -0.24%, and is now trading at $4.12. The Stock is active as 3.10M shares changed hands versus its average volume of 10.15M shares.
Formerly on February 23, AK Steel (AKS) declared that it will build a new, world-class Research and Innovation Center in Middletown, Ohio. The 120,000 square foot facility will be constructed on a 15-acre site located in the Cincinnati – Dayton growth corridor along Interstate 75. The estimated project cost is $36 million.
The new Research and Innovation Center will replace the corporation’s existing research facility that is located at another site in Middletown. AK Steel’s largest steel manufacturing plant is also in Middletown, and the corporation’s corporate headquarters is in nearby West Chester, Ohio, a northern suburb of Cincinnati.
Mr. Wainscott noted, “Our talented researchers, scientists and engineers are already working to develop such innovative products as next-generation Advanced High Strength Steels to assist automotive customers design lighter, more fuel-efficient vehicles that maintain superior strength and safety performance, high efficiency electrical steels that will assist the nation’s electricity grid become more energy-efficient, and new stainless steels that offer superior corrosion resistance for a wide variety of applications. The new research and innovation center will enhance our capabilities to bring these products to the marketplace.”
AK Steel is a world leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets.
Peabody Energy Corporation (NYSE:BTU), declined -4.29%, and is now trading at $6.47. The Stock is active as 2.95M shares changed hands versus its average volume of 11.97M shares.
Peabody Energy Corp. (BTU), declared that it is commencing a tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 (CUSIP No. 704549AE4).
Holders of notes that are validly tendered and not validly withdrawn on or before 5:00 p.m., New York City time, on March 13, 2015 (the “Early Tender Deadline”), and accepted for purchase will receive the total consideration specified in the table above for each $1,000 principal amount of notes accepted for purchase. Holders of notes that are validly tendered after 5:00 p.m., New York City time, on March 13, 2015 but on or before 11:59 p.m., New York City time, on March 27, 2015 and accepted for purchase will receive the tender offer consideration specified in the table above. Holders whose notes have been accepted for purchase will also receive accrued and unpaid interest on the purchased notes from the applicable last interest payment date to, but not counting, the applicable date of payment for purchased notes. The tender offer contemplates an early settlement option, so that holders whose notes are validly tendered preceding to the Early Tender Deadline and accepted for purchase could receive payment on an initial settlement date, which is predictable to be as early as March 16, 2015.
Peabody Energy is the world’s largest private-sector coal corporation and a global leader in sustainable mining, energy access and clean coal solutions. The corporation serves metallurgical and thermal coal customers in more than 25 countries on six continents.
