Shares of Houston-based Gastar Exploration Ltd. plunged Tuesday after the company said it intends to offer 12,000,000 common shares in an underwritten offering.
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Traveling Energy Exhibit Reaches Out to Public
Since April more than 20,000 Pennsylvanians, predominantly school children, have viewed the displays in an energy on wheels exhibit, underwritten largely by oil and gas companies and suppliers, staffed by volunteers and housed in a brightly colored, 42-foot trailer truck.
Traveling Energy Exhibit Reaches Out to Public
Since April more than 20,000 Pennsylvanians, predominantly school children, have viewed the displays in an energy on wheels exhibit, underwritten largely by oil and gas companies and suppliers, staffed by volunteers and housed in a brightly colored, 42-foot trailer truck.
Dynegy Sells 25 Million Shares, Raises $494 Million to Pay Debt
Dynegy said it sold 25 million shares of Class A common stock at $20.75 per share in an underwritten public offering related to the capital restructuring program announced on Monday (see Daily GPI, Dec. 18). Net proceeds from the sale totaled $494 million and will be used to reduce debt. Lehman Brothers acted as sole underwriter and retains a 10% over-allotment option for 30 days.