"NEW YORK (AP) -- Shares of Whiting Petroleum fell sharply Tuesday, a day after the company said it would sell its shares and senior notes to pay down debt related to its $6 billion acquisition of Kodiak Oil & Gas.
The oil and gas company said late Monday that it will offer 35 million of its shares and said underwriters had a 30-day option to purchase an additional 5.25 million in shares. The stock offering could bring Whiting more than $1.5 billion, based on its stock's closing price of $38.39 on Monday."
I read the same piece. I hope the talks totally fail. Maybe in time, Israel will bomb and destroy Iran's nuclear facilities, just as they did in Iraq.
Want to buy the Brooklyn Bridge?
On a serious note, the best advice I can give you is to pay little heed to what most here are saying. Trust me, you know as much as they do. And that, for the most part, is nothing. If you're long and, like me, feel you have no choice but to hold, then the best advice I can give you is to just sit back and wait to see what happens.
Some of the posters here are fools. Only they know what their true motives are. I can assure you though, their motives are not well intentioned.
I also use Schwab. He has a history for posting various PVA upgrades that he gets from Schwab. Problem is, they never exist.
Of course they declined to comment. Why would they comment on a rumor that they generated in the first place for the purpose of keeping up the sp to offset a bad earnings?
Someone should have at least asked them if they were currently in a silent mode.
With today's prices, the value of the company has been deflated. Having said that, how do you come up with $15?
Yes......He was an enforcer for his bro-in-law, who ran a gambling/loan shark operation in Brooklyn. Giuliani was totally removed from that. I think his father's name was Harold. Not too sure about that though.
Unfortunately, the bouncing stopped less than 15 minutes after the news broke. That rumor was started by Nigeria.
Now why would anyone who just sold out take all that time to make us longs see the light and sell out, too? Could it be that the poster is a deeply religious soul and just wants to continue doing good deeds in the name of G-d? I doubt it. Or could it be the poster is really short this stock and.......Well, you know the rest of the story.