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Whiting Petroleum Corporation (NYSE: WLL) Closed at $29.14. Today announced that its public offering of 8,000,000 shares of common stock was priced at $29.00 per share to the public. Whiting expects the delivery of the shares to occur on February 4, 2009. Whiting has granted to the underwriters a 30-day option to purchase up to 1,200,000 additional shares of common stock at the same price per share solely to cover overallotments, if any.
What They Do: Whiting Petroleum Corporation, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.
How They Trade: WLL has a 52 week high of $112.42 and a 52 week low of $24.36.
Celgene International (Nasdaq: CELG) Closed at $52.13. Today announced that the company has received a preliminary positive recommendation from NICE for the use of REVLIMID in the NHS in England and Wales. The recommendation specifies the use of REVLIMID, in combination with dexamethasone, as an option for the treatment of patients with multiple myeloma who have received two or more prior therapies.
“This recommendation from NICE is a welcome recognition of the increasing value innovative medicines provide to patients and healthcare systems,” said Sol J. Barer, Ph.D., Chairman and CEO of Celgene Corporation. “In particular, REVLIMID offers patients a convenient, long-term, continuous therapy that suppresses their disease and enables them to live longer, more productive lives.”
What They Do: Celgene International Sàrl is a wholly owned subsidiary and international headquarters of Celgene Corporation. Celgene Corporation is an integrated global biopharmaceutical company engaged primarily in the discovery, development and commercialization of innovative therapies for the treatment of cancer and inflammatory diseases through gene and protein regulation.
How They Trade: CELG has a 52 week high of $77.39 and a 52 week low of $45.44.
Flowserve Corporation (NYSE: FLS) Closed at $50.27. Today announced its 2009 EPS target range of $6.75 to $7.50, which includes the full impact of up to $40 million, or approximately $0.50 per share, in realignment costs.
In addition, the company indicated that it delivered strong cash flow performance in the fourth quarter, which allowed it to end 2008 with a stronger balance sheet and an expected net debt to capital of around 5 percent.
What They Do: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.
How They Trade: FLS has a 52 week high of $145.45 and a 52 week low of $37.18.
Fuel Tech (Nasdaq: FTEK) Closed at $10.01. Today announced that it was highly successful in the first operational deployment of its patent-pending Graduated Straightening Grid (GSG), which was developed as part of a broad-based initiative at the St. Johns River Power Park in Jacksonville, Florida, where the first of two Selective Catalytic Reduction (SCR) systems for nitrogen oxide (NOx) control recently commenced operation on two 670 megawatt solid fuel boilers.
What They Do: Fuel Tech is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.
How They Trade: FTEK has a 52 week high of $27.16 and a 52 week low of $6.05.
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