Reasons for Kodiak Oil and Gas Corp (USA) (NYSE:KOG), SinoCoking Coal (SCOK), China Recycling Energy Corp. (CREG), Whiting Petroleum Corp (WLL) and Greenhunter Resources Inc (GRH) Upward Trend

16

On July 8, 2014, China Recycling Energy Corp. (NASDAQ:CREG) agreed on an affiliation with YA Global Master SPV Ltd. (‘YA GLOBAL’) known as a “Standby Equity Distribution Agreement (‘SEDA’)”. According to the partnership, YA Global is bound to buy the stock owned by the China Recycling Energy Corp. (NASDAQ:CREG) which should reach an amount of US$50 million and these should be acquired in a span of two years, successive to whenever the statement for registration comes in effect.

In recent news, it has also been mentioned that the Company may every now and then consider giving YA Global a notice to buy the stock earlier than usual. The buying price is to be fixed at 99% out of the minimum daily volume which is according to the price of the common stock owned by the Company in the previous days of trading, right before the notice was given in advance.

See Next Story: Video Maker GoPro Struggles to Innovate

If all of their shareholders agree and all the concerned laws are abided by, then SinoCoking Coal and Coke Chem Ind, Inc. (NASDAQ:SCOK) hopes to change its name to Clean Synthetic Technologies Corp. This name will emphasize on the Company’s new strategy of being environmentally friendly and to produce massive amounts of synthetic gas that is clean and burns without any harmful remnants or breakdown products. As with the company name, they have also revealed that they shall change the symbol of their stock trading on NASDAQ. According to the chairman and CEO of the company, Mr. Jianhua Lv, the new name shall be the birth of a new identity for them. In a press conference, SinoCoking mentioned that at the moment, they are working hard on this new project, the production of a synthetic gas (syngas) which shall be converted from carbon dioxide to a safer gas. The company claims that this syngas will have numerous benefits and some wonderful uses, like as a fuel that shall provide energy efficiently, as a fertilizer for healthier crops, as a solvent in industries and will also have a role in the manufacturing of innumerable industrial products.

As a consequence of an article regarding the water pipeline project by Greenhunter Resources Inc (NYSEMKT: GRH), the company has attained a significant jump in the market. The article elaborated that this well-planned project would be able to make a pipeline to transport water, brine and hydrocarbons. John Jack, the vice president of business operations for the Company has revealed that the pipeline shall travel through Pennsylvania and West Virginia, past the Ohio River and will finally reach its end in the Northern Panhandle. Although the article states that the pipeline may reach its end at the Wheeling site, John Jack stated that GreenHunter will try to gain property at the riverfront at locations other than the Northern Panhandle as well.

See Next Story: Apple’s Real Woes in China Concern Investors

Kodiak Oil and Gas Corp (USA) (NYSE:KOG) and Whiting Petroleum Corp (NYSE:WLL) both took a big jump in the market, the best yet, all courtesy of the agreement they have between them. According to this agreement, Whiting will attain Kodiak as a result of a stock transaction that shall be priced at $6.0 billion. This value is set considering Whiting’s closing price, dated July 11, 2014 and shall also include the net debt of Kodiak valued at $2.2 billion, since March 31, 2014.

Get Free Updates and Stock Alerts!



*We only send one email per week
Share.

Get Winning Stock Alerts!

Our track record speaks for itself! Our last 7 alerts have delivered combined gains in excess of 300% and there are no signs of slowing down. Join UltimateStockAlerts.com now before you miss out on our next big runner!

We will never sell or share your information.