Oil and Gas

Penn West Petroleum Ltd (USA) (NYSE:PWE) shares were up 37.31% to $1.26 on Monday as the company managed to avoid default through the sale of properties in the Dodsland Viking area of Saskatchewan and Albertan properties. Prior to this, the company had reported total debt of $1.8 billion as of March...

Vanguard Natural Resources, LLC (NASDAQ:VNRAP) shares managed to chalk up an 18.21% gain to $3.57 on Wednesday but risks returning these wins after the company shared that its borrowing base was cut by 26%. This leaves the company with a $103.5 million borrowing base shortfall, although it does have enough...

Ultra Petroleum Corp. (OTCMKTS:UPLMQ) shares were up 21.60% on Wednesday to $1.52, leading to the creation of a double bottom reversal pattern on its daily chart. Price failed in its last two attempts to break below $0.25 and might be in for a test of the neckline at $1.50. Ultra...

Stocks discussed: California Resources Corp (NYSE:CRC), Gold Resource Corporation (NYSEMKT:GORO), Intrepid Potash, Inc. (NYSE:IPI). Stocks mentioned: Barrick Gold Corporation (USA) (NYSE:ABX), Franco Nevada Corp (NYSE:FNV) California Resources California Resources Corp (NYSE:CRC) closed out its session on June 3, 2016 at a little under $15 a share. At time of writing, the company...

Midcoast Energy Partners LP (NYSE:MEP) are trading at $9.40, up 4.44% on Tuesday, and around the upper half of its 52-week range between $3.76 to $13.57. The company's stock has shown strong bullish momentum in May, thanks to upbeat earnings and analysts' upgrades. Midcoast Energy Partners is a limited partnership...