Cobalt International Energy, Inc. (NYSE:CIE) Did Secondary Public Offering of Its Shares - CHK, DNR, NXY

Pompano Beach, FL -- (SBWIRE) -- 01/16/2013 -- Cobalt International Energy, Inc. (NYSE:CIE) recently declared the pricing of a formerly declared listed underwritten public offering of 40,000,000 shares of its common stock, all of which will be sold by selling shareholders.

Should CIE a Buy or Sell Now? Find Out Here

The underwriters of this offering have been approved an option, to be exercised within 30 days, to buy up to an extra 6,000,000 shares of common stock from certain of the selling shareholders on the similar terms and conditions. Cobalt will not collect any of the takings from the sale of the shares of common stock.

Cobalt thinks the offering to settle on January 18, 2013, subject to approval of customary closing situations.

At the current trading session, Cobalt International Energy, Inc. (NYSE:CIE) shares are down -6.06% to $25.13 while the stocks are trading within the range of $24.85 – $25.30. In the past year, the stock has traded within a range of $19.25 – $36.51. Average daily trading volume is 3.10 million shares.

Why Should Investors Buy CIE After the Recent Fall? Just Go Here and Find Out

If we look at a few other stocks within industry, Chesapeake Energy Corporation, Denbury Resources Inc. and Nexen Inc. are in the losers list. Let’s have a quick look on their Market performance.

Chesapeake Energy Corporation (NYSE:CHK) shares are down -1.09% to $17.18 while the stock is trading within the range of $17.14 – $17.50 in the current trading session. In the last 12 months the shares have traded between $13.32 and $26.09. The average daily trading volume is 12.86 million shares.

Will CHK Get Buyers Even After The Recent Rally? Find Out Here

Denbury Resources Inc. (NYSE:DNR) shares in the current session moved down -0.39% reaching $17.69. The stocks are trading in a range of $17.57 – $17.77. In the last year the stock has moved within a range of $13.13 – $21.37. The Company’s average daily trading volume is 4.52 million shares.

Has DNR Found The Bottom And Ready To Gain Momentum? Find Out Here

Another rival company, Nexen Inc. (USA) (NYSE:NXY), is trading down -0.04% to $26.92. Intraday trading recorded the stock price in a range of $26.88 to $26.94. In the previous 52 weeks the stock’s price ranged between $14.63 and $27.04. Their average daily trading volume is 12.06 million shares.

Why Should Investors Buy NXY After the Recent Fall? Just Go Here and Find Out

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