Keep on CRASHING in the Free World: FRESH 52-Week Lows
Eagle Rock Energy (NASDAQ:EROC) has announced a successful startup of its state-of-the-art MMcf/d cryogenic processing facility located in Hemphill County, Texas, in the center of the Granite Wash play, the “Woodall Plant.” The shares closed at $8.30, down $0.1 or 1.19% on the day. They have traded in a 52-week range of $8.33 to $11.81.
Facebook Inc (NASDAQ:FB): According to the Wall Street Journal, Facebook has begun developing technology allowing children younger 13 to use the site under parental supervision. This will assist the company in gaining a new pool of users to increase revenue but brings more privacy concerns to attention. Moreover, Wall Street analyst Bernstein initiated Facebook at Underperform with a $25 price target saying it could take time for investors to be confident about the websites ability to monetize what it already has as well as the impact of new opportunities. The shares closed at $26.90, down $0.82 or 2.96% on the day. They have traded in a 52-week range of $26.83 to $45.00.
Gulfport Energy Corp (NASDAQ:GPOR): MarkWest Utica EMG, a joint venture between MarkWest Energy (NYSE:MWE) and The Energy and Minerals Group, announced that they have completed difinitive agreements with Gulport Energy in order to provide gathering, processing, fractionation, and marketing services in corridor of the Utica. The shares closed at $16.98, up $0.16 or 0.95% on the day. They have traded in a 52-week range of $16.68 to $37.80.
Groupon Inc (NASDAQ:GRPN): According to Frank Sennett’s new book “Groupon’s Biggest Deal Ever,” Google (NASDAQ:GOOG) offered nearly $6B to purchase Groupon, but the deal was never closed due to various reasons and circumstances. The shares closed at $8.95, down $0.74 or 7.64% on the day. They have traded in a 52-week range of $9.53 to $31.14.
Lrr Energy L.P. (NYSE:LRE) recently announced the following revised guidance for 2012: production should average 5,900, 6,300 Boe per day; LOE on a Boe of production basis should average $9.25, $9.75. In 2012, LRR Energy expects to spend a total of around $25.7M of total capital expenditures, including about $19.8M of maintenance capital expenditures, on developing its oil and natural gas properties. The shares closed at $13.43, down $0.31 or 2.26% on the day. They have traded in a 52-week range of $13.53 to $22.39.
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