Independent Oil & Gas Equities Technical Notes -- Cobalt Intl. Energy, Bonanza Creek Energy, Suncor Energy, and Rice Energy

Jul 21, 2016, 08:40 ET from Chelmsford Park SA

NEW YORK, July 21, 2016 /PRNewswire/ --

Independent Oil and Gas operators continue to grapple with the oil glut that has resulted to low crude prices since 2014. However, optimism remains as some companies in this pace foresees production cuts and increased global demand by year end. now directs investors focus on today's featured companies: Cobalt International Energy Inc. (NYSE: CIE), Bonanza Creek Energy Inc. (NYSE: BCEI), Suncor Energy Inc. (NYSE: SU), and Rice Energy Inc. (NYSE: RICE). Learn more about these stocks by accessing their free notes at:

Cobalt Intl. Energy  

Houston, Texas-based Cobalt International Energy Inc.'s stock finished Wednesday's session at $1.59, jumping 9.66%. A total volume of 5.21 million shares was traded, which was above their three months average volume of 5.16 million shares. The Company's are trading below their 50-day moving average by 21.33%. Moreover, shares of Cobalt International Energy, which through its subsidiaries, operates as an oil and gas exploration and production company primarily in the deepwater U.S. Gulf of Mexico, have a Relative Strength Index (RSI) of 45.83.

On July 07th, 2016, Cobalt International Energy announced that it has named David D. Powell as Chief Financial Officer and Executive Vice President effective July 08th, 2016. Mr. Powell has previously served as Chief Financial Officer for BHP Billiton-Petroleum, from March 2009 until May 2016, where he was accountable for all finance, accounting, commercial assurance, supply chain and information technology activities. Visit us today and access our complete notes on CIE at:

Bonanza Creek Energy  

Shares in Denver, Colorado headquartered Bonanza Creek Energy Inc. ended yesterday's session 5.29% lower at $0.93 with a total volume of 3.89 million shares traded. The stock is trading 61.81% below its 50-day moving average. Shares of the Company, which engages in the acquisition, exploration, development, and production of onshore oil and associated liquids-rich natural gas in the United States., have an RSI of 25.69.

On July 13th, 2016, as disclosed in a form 8-k filed with SEC, Bonanza Creek Energy has retained Perella Weinberg Partners to advise the Company and assist in analyzing and evaluating financial and transactional alternatives, including restructuring options. Davis Polk & Wardwell LLP will continue to provide ongoing corporate and finance representation. Sign up for your free notes on BCEI at:

Suncor Energy  

On Wednesday, Calgary, Canada headquartered Suncor Energy Inc.'s stock rose 0.36%, to close the day at $27.59. A total volume of 3.17 million shares was traded. The Company's shares have advanced 2.30% in the last one month and 8.74% on an YTD basis. The stock is trading 1.45% and 5.30% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Suncor Energy, which primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally, have an RSI of 51.27.

On June 23rd, 2016, Suncor Energy announced that it has completed the previously announced transaction of a 5% interest in Syncrude from Murphy Oil Corporation's Canadian subsidiary. The $937 million sale price is subject to closing adjustments typical of transactions of this nature and is based on an effective date of April 1st, 2016. The acquisition will be funded from the proceeds of the previously announced $2.9 billion common share financing which closed on June 22nd, 2016. Through this transaction Suncor Energy's share in the Syncrude joint venture has increased from 48.74% to 53.74%.

On June 23rd, 2016, research firm Citigroup upgraded the Company's stock ratings from 'Neutral' to 'Buy'. Register for free on and access the latest notes on SU at:

Rice Energy  

Shares in Canonsburg, Pennsylvania-based Rice Energy Inc. ended the day 3.49% lower at $21.28. A total volume of 2.47 million shares was traded. The stock has surged 25.99% in the previous three months and 95.23% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 2.02% and 43.55%, respectively. Furthermore, shares of Rice Energy, which engages in the acquisition, exploration, and development of natural gas, oil, and natural gas liquid properties in the Appalachian Basin, have an RSI of 46.68.

On July 14th, 2016, Rice Energy announced its plans to release its second quarter 2016 financial and operating results after market close on August 3rd, 2016. In conjunction with the release, Rice Energy will host a conference call to discuss its second quarter 2016 results on August 4th, 2016 at 9:30 a.m. Eastern Time. The note on RICE is available for free at:


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SOURCE Chelmsford Park SA