PrimeEnergy moves to 3Q loss as gas prices fall (AP)
PrimeEnergy Corp. on Friday moved to a loss in the third quarter as oil and gas prices fell, dragging results down. The company, based in Stamford, Conn., lost $2.3 million, or 76 cents per share, in the quarter that ended Sept. 30.
Earnings reports push stocks higher; Dow gains 73 (AP)
Encouraging earnings news from major retailers and The Walt Disney Co. drew investors back into the stock market one day after a big drop.
Fitch affirms BB-plus rating on El Paso Corp. (AP)
Fitch Ratings said Friday it affirmed the "BB-plus" issuer-default ratings on El Paso Corp. and its key natural gas production and pipeline subsidiary.
Mountain Lake Closes Private Placement Financing (Business Wire)
HALIFAX, Nova Scotia----Mountain Lake Resources Inc. is pleased report that the non-brokered private placement announced on November 2, 2009 has been closed to raise gross proceeds of $450,000 through the sale of 1,500,000 flow-through units at $0.30 per Unit to the MineralFields Group .
PicksThatMove.com Announces Investment Opinion on MEGA Brands Inc., Yamana Gold Inc., Oracle Corporation, Imaging3 Inc. and New Gold Inc. (Business Wire)
NEWARK, Del.----PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation. These companies have interesting business models and they have to execute on the business development level to bring value to shareholders.
CFTC fines hedge fund EMF for false statements (Reuters)
The top U.S. futures market regulator on Friday fined hedge fund EMF Financial Products LLC $4 million for making false statements about its market positions relating to U.S. treasury note futures.
PrimeEnergy Corporation (NASDAQ:PNRG) Announces Third Quarter Earnings (Business Wire)
STAMFORD, Conn.----PrimeEnergy Corporation announced today the following unaudited results for the periods ended September 30, 2009 and 2008: Three Months Ended September 30, Nine Months Ended September 30, 2009 2008 2009 2008 Revenues $ 23,300,000 $ 42,364,000 $ 69,363,000 $ 134,457,000 Net Income $ $ 2,072,000 $ $ 8,822,000 Basic Earnings Per Common Share $ […]
Seitel Announces Third Quarter 2009 Results (Business Wire)
HOUSTON----Seitel, Inc., a leading provider of seismic data to the oil and gas industry, today reported results for the third quarter ended September 30, 2009. Revenue for the third quarter of $19.5 million decreased by $26.6 million or 58% as compared to the third quarter of 2008, primarily driven by a $21.0 million or 64% […]
Weak dollar no quick fix for narrowing trade gap (AP)
A weaker dollar may boost the nation's economy by increasing exports and narrowing the trade gap -- but that won't happen anytime soon.
Real Pro Systems Introduces Real Pro Platinum (Business Wire)
SAN DIEGO----Today, at the National Association of REALTORS Annual Conference, Real Pro Systems introduced its Real Pro Platinum system for business-minded real estate agents and their teams.