Looking for the 'Next Big Thing' Buy QR Energy

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