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Market Overview

Pre-Market Outlook; U.S. Equity Market (BEXP, SLB, TNK)

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Shares of the following companies may see some unusual movements in trading today, according to Bloomberg.

Brigham Exploration Company (NASDAQ: BEXP), an independent exploration, development and production company, plans to issue 13 million shares. The proceeds from the offering will be used to fund work on the company’s Williston Basin project. Shares of Brigham Exploration Company were down 3.40% to $17.35 in after-hours trading on Monday.

Schlumberger Limited (NYSE: SLB), a supplier of technology, integrated project management, and information solutions to the oil and gas industry, has been asked by the U.S. Justice Department’s Antitrust Division for information on its $11.2 billion takeover of Smith International, Inc. (NYSE: SII). This is the second request for information made by the Antitrust Division. Shares of Schlumberger Limited are up 0.46% to $66.07 in pre-market trading today.

Teekay Tankers Ltd. (NYSE: TNK) plans to issue 7 million shares to fund the acquisition of three oil tankers. Shares of Teekay Tankers Ltd. are down 7.13% to $12.11 in pre-market trading today.

 

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Posted-In: Pre-Market Outlook