QR Energy, record (QR Energy) owns and acquires manufacturing
oil and gas properties in North America. The Company’s properties incorporate
mature, bequest onshore oil and gas reservoirs with durable, certain production
profiles. It styles and manages the event, recompletion or workover for all of
the wells it operates and supervises operation and maintenance activities. It
doesn't own the drilling rigs or alternative oil field services instrumentation
used for drilling or maintaining wells on the properties it operates. The
Company’s properties are set across four manufacturing regions and incorporates
onshore oil and gas reservoirs with production profiles. On Gregorian calendar
month one, 2011, the corporate nonheritable oil and gas properties from Quantum
Resources Fund. In April 2012, it nonheritable oil properties of Prize crude,
LLC, that are set within the Ark-La-Tex space.
QR
Energy, LP, a Delaware restricted partnership ( stock exchange : QRE ), recently
declared that it's priced its antecedent
declared underwritten public providing (the offering) of twelve, 000,000 common
units representing restricted partner interests in QRE (the common units) at a word
to the general public of $16.24 per common unit. The underwriters are granted a
30-day choice to purchase up to an extra one, 800,000 common units. The
providing is anticipated to shut on Gregorian calendar month twelve, 2012,
subject to customary closing conditions. QR Energy expects to receive web take
from the providing, as well as its general partner's connected capital
contribution to keep up its general partner interest, and when deducting
underwriting discounts and calculable providing expenses, of roughly $186.7
million (or about $214.7 million if the underwriters exercise their choice to
purchase an extra one, 800,000 common units in full). QR Energy intends to use the
world wide web take from the providing to repay borrowings outstanding beneath
its credit facility and for general company functions.
Will QRE Rebound After The Recent
Slump? Find Out Here
Citigroup,
Credit European nation, and Goldman Sachs & Co. Acted as junior
book-running managers for the providing. Baird, BMO Capital Markets, Janney
Montgomery Scott, Robert Oppenheimer & Co . QR Energy, record Com (NYSE:QRE)
is incredibly actively listed between $15.90 - 16.25 with total listed volume
of 7624635 shares. At a current worth of sixteen. 25, QRE is -0.66 - -3.90%
from the previous shut off $16.91. Moreover, At Current value, QRE is in
distance of -11.36% from its 50-day Moving Average worth of $18.3327 and
-10.61% from its 200-day Moving Average worth of $18.1796.
How Should Investors Trade QRE After
The Recent Down? Find Out Here
