Birmingham, West Midlands -- (SBWIRE) -- 12/31/2013 -- Value Penny Stocks issues special report on: Buffett's Berkshire Hathaway Inc. (NYSE:BRK.A), Phillips 66 (NYSE:PSX), MGT Capital Investments (NYSE:MGT), Supreme Industries (NYSE:STS), Samson Oil & Gas (NYSE:SSN)
Billionaire investor Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.A) declared that it is purchasing Phillips Specialty Products Inc. or PSPI, a flow improver business, from Phillips 66 (NYSE:PSX), an energy manufacturing and logistics company.
Though, in a filing with the Security Exchange Commission or SEC, Phillips 66 reported that the exchange of the unit would be for almost 19 million shares of Phillips 66 shares possessed by Berkshire Hathaway. At Monday's ending price, 19 million shares are worth almost $1.42 billion.
MGT Capital Investments (NYSE:MGT) moved into At the Market Offering Agreement with Ascendiant Capital Markets; Company might offer and sell shares of its common stock having an aggregate value of up to $8.5 million from time to time. The company moved into an At the Market Offering Agreement with Ascendiant Capital Markets.
Supreme Industries (NYSE:STS) declares it plans to divest its shuttle-bus business. The company declared that it plans to divest its shuttle-bus business. Supreme's core business of manufacturing and selling customized truck bodies has lately gone through successful facilities and manufacturing upgrades resulting in enhanced operating efficiencies and margins for these products.
Samson Oil & Gas (NYSE:SSN) declares operational advisory; The 4.5 inch production liner has been run and cemented into place. The company declared that the 4.5 inch production liner has been run and cemented into place. Frontier Rig 24 was launched Dec 25th to move to the Rennerfeldt 2-13-H well pad.
The Rennerfeldt well is predicted to be spud within the coming week. The Little Creature well has been set up for frac operations, which were predicted to start December 27th, but because of harsh winter weather conditions frac operations were postponed a few days. The fracture stimulation is predicted to begin this morning.
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