END Has Decreased to a New Low for the Year

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

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