Orlando, FL -- (SBWIRE) -- 09/30/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Hercules Offshore, Inc.(NASDAQ:HERO), United Continental Holdings Inc (NYSE:UAL).
Hercules Offshore, Inc.(NASDAQ:HERO) shares gained 0.14% to $7.25. The company announced today that the Company will present at the following investor conferences: Johnson Rice 5th Annual Energy Conference in New Orleans, LA, on Monday, September 30, 2013, at 4:05 p.m. EDT (3:05 p.m. CDT); Deutsche Bank 21st Annual Leveraged Finance Conference in Scottsdale, AZ, on Tuesday, October 1, 2013, at 4:00 p.m. EDT (1:00 p.m. MST).
Additionally, the company on Sept. 17 announced that it has priced a private placement of $300.0 million aggregate principal amount of senior notes due 2021, which will bear interest at a rate of 7.50% per annum. The notes are being sold at par. Hercules Offshore expects to use the net proceeds from this offering, together with cash on hand, to fund its pending tender offer and consent solicitation for its 10.50% senior secured notes due 2017 and to redeem any of the notes not purchased in the tender offer.
Are investors worried about the recent updates with HERO? Find out with a free trend analysis HERE
United Continental Holdings Inc (NYSE:UAL) stock dropped 9.28% to $30.91. Buckingham downgraded United Continental on Sept. 27 due to valuation and disappointing Q3 revenue guidance. Price target remains $35.
Additionally, on September 26, 2013, United Continental Holdings, Inc., the holding company of United Airlines, Inc., issued an investor update related to its financial and operational outlook for third quarter 2013 and other periods.
Is UAL going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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