Archive for the ‘Energy Stocks’ Category

SRDX jumps, GE with bright volume, BAS bad

Wednesday, December 15th, 2010

SurModics Inc. (NasdaqGS: SRDX) surged 14.23 percent Wednesday afternoon to $11.88. Volume of 548,798 shares quadrupled its full-day average. SRDX is provider of drug delivery and surface modification technologies to the healthcare industry.

General Electric (NYSE: GE) traded in 43,357,683 shares Wednesday afternoon, closing in on its full-day average of 59,400,000. Share prices faded 1.13 per cent, to $17.49. QGC, a leading Australian coal seam gas explorer and producer, has signed a contract with a consortium of GE and Laing O’Rourke for the construction of a water treatment plant in southwest Queensland.

Basic Energy Services, Inc. (NYSE: BAS) fell 5.54 percent in Wednesday afternoon trading to $14.50. Volume of 402,054 shares compared to BAS’ full-day average of 447,652. BAS, of Midland, Texas, provides well site services essential to maintaining production from the oil and gas wells within its operating area.

BSQR rises, DYN does record business, GNI loses strength

Wednesday, December 15th, 2010

BSQUARE Corp. (NasdaqGM: BSQR) rallied 15.85 percent Wednesday afternoon to $8.04. Volume of 580,241 shares proved more than six times its full-day average. BSQR, based in Bellevue, Wash., announced that China Mobile Communications Corporation, the world’s largest mobile operator with over 200 million subscribers, has selected TestQuest Countdown, an automated testing solution from BSQUARE, to automate remote data services testing in all thirty-one of the operator’s provincial operating subsidiaries.

Dynegy Inc. (NYSE: DYN) traded widely Wednesday afternoon, dealing in 43,314,680 shares, better than six times its full-day average. Share prices improved 3.49 per cent, to $5.64. The Houston-based DYN has unanimously approved a definitive agreement to be acquired by Icahn Enterprises L.P. in a tender offer followed by a merger for $5.50 per share in cash, or approximately $665 million

Great Northern Iron Ore Properties (NYSE: GNI) fell 10.30 percent in Wednesday afternoon trading to $128.40. Volume of 29,887 shares trumped its full-day average of 7,751.

DNEX up, HBAN active, MILL slumps

Monday, December 13th, 2010

Dionex Corp. (NasdaqGS: DNEX) prospered 20.13 percent in price Monday afternoon to $117.93. Volume was 1,176,138 shares squashed the stock’s normal daily average of 62,998, amid word that DNEX is being probed for shareholders in connection with the proposed acquisition by Thermo Fisher Scientific. The investigation seeks to determine whether Dionex and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders.

Huntington Bancshares Inc. (NasdaqGS: HBAN) traded in 37,557,116 shares, almost 2-and-a-half times its normal daily average. Prices for HBAN pointed downward, though, 4.61 percent to $6.53. The Columbus, Ohio-based bank today announced commencement of an underwritten public offering of $920 million of its common stock. Goldman, Sachs & Co. will act as sole bookrunner and Sandler O’Neill + Partners, L.P. will act as co-manager for the proposed equity offering.

Miller Petroleum Inc. (NasdaqGM: MILL) staggered 13.06 percent to $4.46 on Monday afternoon. Volume was 882,425 shares, four times its full-day average. MILL is a high-growth oil and natural gas exploration, production and drilling company

SHZ shoots higher, THC busy, DANG dinged

Monday, December 13th, 2010

China Shen Zhou Mining and Resources Inc. (AMEX: SHZ) climbed 20.90 percent in price Monday afternoon to $4.57. Volume was 4,191,519 shares, more than triple the stock’s normal daily average. SHZ, engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that the Company has received the preliminary 2011 production limitation policy for the fluorite industry from the China Non-metallic Minerals Industry Association Fluorite Committee

Tenet Healthcare Corp (NYSE: THC) had great volume Monday afternoon, with 31,149,189 shares changing hands, almost three times normal daily average. Prices for THC were down 2.03 percent to $6.51. THC is a health care services company whose subsidiaries and affiliates own and operate acute care hospitals, ambulatory surgery centers and diagnostic imaging centers.

E-Commerce China Dangdang Inc. (NYSE: DANG) stumbled 10.19 percent to $29.55 on Monday. Volume was 2,864,983 shares, compared to its full-day average of 16,833,600. DANG celebrated its IPO last Wednesday.

ALY soars, PFE sells, YOKU skids

Monday, December 13th, 2010

Allis-Chalmers Energy Inc. (NYSE: ALY) improved 9.63 percent in price Monday afternoon to $6.26. Volume was 633,498 shares, surmounting the stock’s normal daily average. ALY is a Houston-based multi-faceted oilfield services company

Pfizer Inc. (NYSE: PFE) was awash in volume Monday afternoon, trading in 26,763,559 shares, pursuing its normal daily average of 43,073,400 shares. Prices for PFE were up 1.38 percent to $17.25. PFE announced Sunday that Prevenar 13* (Pneumococcal polysaccharide conjugate vaccine [13-valent, adsorbed]) was introduced into the first childhood immunization program for pneumococcal disease in the developing world under the auspices of the Advance Market Commitment when Nicaragua launched its program.

Youku.com (NYSE: YOKU) tumbled 10.88 percent to $33.42 on Monday. Volume was 5,522,513 shares, compared to its full-day average of 12,219,400. YOKU is a leading Chinese Internet television company.