Whiting Announces Offering of 35,000,000 Shares of Common Stock

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Whiting Petroleum (WLL) Will Remain on Short List of Targets, Says Wells Fargo

March 24, 2015 11:11 AM EDT

Wells Fargo maintained a Market Perform rating on Whiting Petroleum (NYSE: WLL). Comments follow its recently announced debt and equity offerings. In the view of analyst David Tameron, the offerings address concerns about its 2015 funding gap. They also enable the company flexibility in monetizing... More

UPDATE: Whiting Petroleum (WLL) Opening Delayed for News; Said to Price 35M Common Stock Offering

March 24, 2015 9:21 AM EDT

(Updated - March 24, 2015 9:26 AM EDT)

Whiting Petroleum (NYSE: WLL) opening delayed, news pending.

UPDATE - Market chatter has the company pricing a 35 million common stock offering at $30 per share.

Whiting is down over 20 percent ahead of the opening bell.

... More

Whiting Petroleum (WLL) Updates on Hedging, Financials; Not Currently Pursuing Significant Strategic Transactions

March 24, 2015 6:24 AM EDT

Whiting Petroleum (NYSE: WLL) disclosed the following on Tuesday morning:

On March 23, 2015, Whiting Petroleum Corporation (Whiting or the Company) issued a press release announcing (i) a registered public offering of 35,000,000 shares of its common stock (or 40,250,000 shares if the underwriter for such offering exercises in full its option to purchase additional shares of the Companys common stock) (the Common Stock Offering), (ii) a private unregistered offering of $1.0 billion aggregate principal amount (or up to $1.15 billion aggregate principal amount if the initial... More

Buy Today's Dip in Whiting Petroleum (WLL) - Sterne Agee

March 24, 2015 6:22 AM EDT

Whiting Petroleum (NYSE: WLL) is under heavy pressure this morning (-11.3%) after the company announced an equity and debt raise, which raises concerns that a imminent rumored sale of the company is off the... More

Whiting Petroleum (WLL) Commences $1B Offering of Convertible Senior Notes, $750M Offering of Senior Notes

March 23, 2015 5:37 PM EDT

Whiting Petroleum Corporation(NYSE: WLL) announced that it has commenced private unregistered offerings to eligible purchasers of $1.0 billion aggregate principal amount of convertible senior notes due 2020 (or up to $1.15 billion aggregate principal amount if the initial purchasers exercise in full their option to purchase additional convertible senior notes) and $750 million aggregate principal amount of senior notes due 2023. The convertible senior notes will be convertible at the holder's option in certain circumstances. Upon conversion, Whiting will satisfy its conversion obligation by paying or delivering, as... More

Whiting Petroleum (WLL) Commences 35M Common Offering

March 23, 2015 5:16 PM EDT

Whiting Petroleum (NYSE: WLL) as commenced a registered public offering of 35,000,000 shares of its common stock. Whiting expects to grant the underwriter a 30-day option to purchase up to an additional 5,250,000 shares of its common stock.

Whiting also announced by separate press release that... More