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...

Newpark Resources Inc (NYSE:NR) shares advanced 13.57% on Monday to $5.44 after the company received a stock upgrade from Credit Suisse. Newpark Resources Inc (NYSE:NR) has a market capitalization of $469.39 million at 84.11 million shares outstanding. Credit Suisse upgraded its shares to "Outperform" from their previous "Neutral" rating. Analysts...

Global Power Equipment Group Inc (OTCMKTS:GLPW) shares were up 2.05% to $3.49 on Monday. The company has a market cap of $59.92 million at 17.17 million shares outstanding. Shares have been trading in a 52-week range of $1.50 to $7.98. Global Power Equipment is a  provider of customer-engineered equipment, and...

RigNet Inc (NASDAQ:RNET) shares rose 18.83% to $13.25 on Tuesday after WTI crude oil landed back above the $48/barrel level. It appears as though equities and commodities are starting to regain footing after the Brexit fallout, lifting oil-related stocks in the process. RigNet is a provider of digital technology solutions to...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Power Solutions International Inc. (NASDAQ:PSIX) reported that Frontline Ltd has picked up 9,607,972 of common stock as of 2017-03-27. The acquisition brings the aggregate amount owned by Frontline Ltd to a total of 9,607,972 representing...