Energy XXI (Bermuda) Ltd. (NASDAQ:EXXI) agreed to acquire EPL Oil & Gas Inc. (EPL) for $1.5 billion to become the largest publicly traded independent producer on the Gulf of Mexico shelf. Energy XXI (Bermuda) Limited (NASDAQ:EXXI) stock opened at $21.49 in last session, and closed at $21.54, while the day range of Energy XXI (Bermuda) Limited (NASDAQ:EXXI) stock is $21.32 – $22.95. The stock showed a positive weekly performance of -9.61%.
Noranda Aluminum Holding Corporation (NYSE:NOR) announced the pricing of the previously announced secondary public offering of 10,000,000 shares of the Company`s common stock held by certain funds affiliated with Apollo Global Management, LLC (the “Selling Stockholders”). The underwriter also has a 30-day option to purchase up to an additional 1,500,000 shares of common stock from the Selling Stockholders. Noranda Aluminum Holding Corporation (NYSE:NOR) stock opened at $4.51 in last session, and closed at $4.39 by losing -10.59%. The 52 week range of $2.21 – $5.08. Company’s market capitalization is $298.56 million.
Financially struggling Lucas Energy Inc. (NYSE:LEI) is now on noncompliance notice with the New York Stock Exchange, but its CEO said Friday that the Houston-based upstream energy company is “way ahead” in its growth plans. Lucas Energy, Inc. (NYSEMKT:LEI) stock decreased -6.97% and finished the last session at $0.716. The EPS of the stock remained -0.15. Company’s market capitalization is $21.46 million.
Midstates Petroleum Company, Inc. (NYSE:MPO) announced its fourth quarter and full year 2013 financial and operating results and increased its 2014 production guidance. Midstates Petroleum Company Inc. (NYSE:MPO) stock opened the session at $5.25, and closed the session at $5.06. The 52 week range of the Midstates Petroleum Company Inc. (NYSE:MPO) stock remained $4.13 – $8.95 and the day range was $5.06 – $5.53.