PennyStocksUpdate.biz is devoted to fetch you the most exclusive stocks in the market today. Apart from scanning the markets for the most underrated stocks. We propel those victors directly to your email inbox first ahead of the rest of the marketplace gets a prospect.
New York, NY -- (SBWIRE) -- 12/17/2012 -- Endeavour International Corporation (NYSE:END) is an independent oil and gas company engaged in the production, exploration, development and acquisition of crude oil and natural gas in the United Kingdom North Sea and the United States onshore. The Company has three producing fields in the United Kingdom: Alba, Bittern and Enoch. As of December 31, 2010, the Company’s estimated proved reserves were 22.7 million barrels of oil equivalent, of approximately 55% were located in the United Kingdom and approximately 45% were located in the United States, and 23% of which were proved developed reserves.
Endeavour International Corp. (END)announced Monday morning that the purchase agreement between its wholly owned subsidiary, Endeavour Energy UK Limited, and ConocoPhillips (U.K.) to acquire ConocoPhillips' interest in three producing U.K. oil fields in the Central North Sea has been terminated. The parties were unable to reach agreement to enable the transfers to occur.
Endeavour International gapped open lower Monday and has continued to decline on above average volume. Shares are now down 1.24 at $5.06. The stock has dropped below a month and a half long range and has set a new low for the year.
END was reduced by experts at International Seeker Investments from a buy ranking to an acquire ranking. The firm currently has $9.00 cost focus on on the stock, down from their past cost focus on of $13.00.
How Should Investors Trade END After The Recent Volatile Moves? Find Out Here
Neither PennyStocksUpdate.biz nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by PennyStocksUpdate.biz, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation.PennyStocksUpdate.biz makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through PennyStocksUpdate.biz. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to lose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned here in..
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)