S&P Rates Whiting's (WLL) Senior, Convertible Notes; Outlook Remains Negative

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Whiting Petroleum (WLL) PT Cut to $35 at Canaccord Genuity; 'Buy' Maintained

March 25, 2015 8:59 AM EDT

Canaccord Genuity analyst Stephen Berman cut his price target on Whiting Petroleum (NYSE: WLL) to $35.00 (from $44.00) but maintained a Buy rating.

Berman commented, "WLL has a very sizeable ~812K net acre position in the core of the WB, bolstered by last... More

Whiting Petroleum (WLL) PT Cut to $56 at KLR Group; 'Buy' Maintained

March 25, 2015 8:12 AM EDT

KLR Group analyst John Gerdes lowered his price target on Whiting Petroleum (NYSE: WLL) to $56.00 (from $68.00) but maintained a Buy rating amid dilutive effect of the common equity issuance and convertible senior notes offering partly offset by the incremental financial capacity to scale development... More

Whiting Petroleum (WLL) Prices $750M Senior Debt Offering

March 24, 2015 4:29 PM EDT

Whiting Petroleum (NYSE: WLL) announced that it has priced $750 million aggregate principal amount of 6.25% senior notes due 2023 in a private unregistered offering to eligible purchasers. The notes were priced at par. The offering is expected to close on March 27, 2015, subject to customary conditions.

Whiting previously announced that it had priced a public offering of 35,000,000 shares of its common stock for total net proceeds of approximately $1.0 billion, after deducting underwriters discounts and... More

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

Whiting Petroleum (WLL) Prices 35M Common Offering at $30/Share; Prices $1B Conv. Notes Offering

March 24, 2015 9:40 AM EDT

Whiting Petroleum (NYSE: WLL) announced that it has priced a public offering of 35,000,000 shares of its common stock at a price of $30.00 per share for total net proceeds of approximately $1.0 billion, after deducting underwriters discounts and commissions. The underwriter has a 30-day option to purchase up to an additional 5,250,000 shares of Whitings common stock. The offering is expected to close on March 27, 2015, subject to customary conditions.

Whiting expects to use the net proceeds from the offerings to repay all or a portion of the amount outstanding under its credit agreement and any... More