On Thursday, Shares of Whiting Petroleum Corp (NYSE:WLL), subtract -1.78% and closed at $8.85 in the last trading session. The last trading range of the stock ranges between $8.63 and $9.02. Whiting Petroleum Corporation (NYSE:WLL) will release its third quarter 2016 financial and operating results on Wednesday, October 26, 2016 after the market closes. A conference call with shareholders, analysts and other interested parties is planned for 11:00 a.m. EDT (10:00 a.m. CDT, 9:00 a.m. MDT) on Thursday, October 27, 2016 to discuss Whiting’s third quarter 2016 financial and operating results.
Energy Transfer Equity LP (NYSE:ETE), jumped 0.51% and closed at $15.66 in the last trading session. The last trading range of the stock ranges between $15.02 and $15.88. The company’s Market capitalization is $15.96 Billion with the total outstanding Shares of 1.04 billion. Sunoco LP (SUN) (“Sunoco”) declared recently that one of its wholly owned auxiliaries accomplished the acquisition of the retail convenience store assets and wholesale fuel business from Denny Oil for about $53 million. This acquisition includes six company-operated locations and wholesale fuel supply contracts for a network of about 120 independent dealer-owned and dealer-operated locations and a commercial fuels business in the Eastern Texas and Louisiana markets. The business distributes about 90 million gallons of retail and wholesale fuel annually. This acquisition strengthens, and in some cases establishes, Sunoco’s existing convenience store and wholesale fuel distribution business in East Texas and Louisiana. This transaction was funded using amounts available under Sunoco’s revolving credit facility and is expected to be right away accretive to Sunoco with respect to distributable cash flow.
Coeur Mining Inc (NYSE:CDE), jumped 0.36% and closed at $11.08 in the last trading session. The last trading range of the stock ranges between $10.85 and $11.39. During the 52-week trading session the minimum price at which share price traded, registered at $1.62 and reached to max level of $16.41. Coeur Mining, Inc. (“Coeur” or the “Company”) (CDE) recently offered an update on its expanded exploration programs at three of its five operating mines. The focus of the Company’s exploration program continues to be upgrading existing, higher-grade resources to reserves and the discovery of new, higher-grade resources located near existing infrastructure that have the potential to further grow the Company’s production and cash flow, reduce unit costs, and extend expected mine lives.
The Company anticipates to invest a total of $30-$34 million in exploration during 2016, counting $14-$16 million for expensed exploration and $16-$18 million for capitalized exploration. This represents an 82% increase over 2015 exploration spending. Of the $30-$34 million expanded exploration budget, about 85% is expected to be allocated to drilling at or near the Company’s existing operations and nearly 75% is expected to be invested at the Company’s Palmarejo underground silver-gold mine in Mexico, its Kensington underground gold mine in Alaska, and its Rochester open-pit silver-gold mine in Nevada.