pennystockhaven
  • Facebook
  • Twitter
  • Youtube
  • Rss
Day-Trading Penny Stocks
  • Home
  • Services
  • Contact Us
Home» Commentary » Approach Resources Inc. (AREX): Technical Trade

Approach Resources Inc. (AREX): Technical Trade

Posted on March 9, 2017 by PennyStockHaven in Commentary, Stock Picks

AREX – heavily shorted, earnings are coming (is anyone with a little Martha Stewart info leak around?), dilutive filings:

FORT WORTH, Texas, Jan. 30, 2017 (GLOBE NEWSWIRE) — Approach Resources Inc. (AREX) (“Approach” or the “Company”) today announced the commencement of an offer (“Exchange Offer”) to exchange newly issued shares of its common stock, par value $0.01 per share (“Common Stock”) for $99,768,000 of outstanding 7.00% senior notes due 2021 (“Senior Notes”).

Subject to the terms and conditions of the Exchange Offer, each holder of Senior Notes (each, a “Holder” and collectively, the “Holders”) may tender all or a portion of such Holder’s Senior Notes, in exchange for 276 shares of Common Stock per $1,000 principal amount of Senior Notes (the “Exchange Ratio”).  Assuming all currently outstanding Senior Notes are tendered for exchange and not validly withdrawn, the Company would issue 27,535,968 shares of Common Stock, or 25% of outstanding shares of Common Stock, assuming (and giving pro forma effect to) 100% participation in the Exchange Offer. Holders that tender their Senior Notes that are accepted for exchange will receive accrued and unpaid interest on such Senior Notes up to, but not including, the settlement date for the Exchange Offer.

Whole sector is down… Would you like to take a trading risk purely based on technical indicators? I will:

AREX

Approach Resources (AREX)

 

Trade on your own risk, don’t put entire lifesavings into this risky idea…

AREX, Energy Sector

Search

Real Time Alerts:

Tweets by @PennyStockHaven

Updates

  • CVR Partners, LP (NYSE: UAN): the dividend play

    February 26, 2023
  • Sotera Health

    Sotera Health Company (NASDAQ:SHC): hard road ahead

    February 21, 2023
  • ZIM Integrated Shipping Services (NYSE:ZIM) uphill movement

    February 20, 2023
  • Carvana Co. (NYSE: CVNA) way to go… down

    February 17, 2023
  • ReWalk Robotics (RWLK): Yesterday, Today and Tomorrow

    June 8, 2019
  • Amyris, Inc. (AMRS): How to Mislead Investors

    April 21, 2019
  • ADMA Biologics, Inc. (ADMA): Offering is Imminent

    April 11, 2019
  • Proteostasis Therapeutics (PTI): Market Overreaction

    March 26, 2019
  • Dynagas LNG Partners LP (NYSE: DLNG) Coming Off Of Bottom

    February 1, 2019
  • Histogenics Corporation (HSGX) market: only upside from these levels

    September 5, 2018
  • Quantum Corp. (QTM): Appointed Jamie Lerner as Chief Executive Officer and President

    June 26, 2018
  • FuelCell Energy (NASDAQ:FCEL) A picture is worth a thousand words

    June 22, 2018

    Site

    • Home
    • Services
    • Contact Us
    • About Us
    • Privacy Policy
    • Terms of Use
    • Disclaimer
    • Publishers

    Financial Network

    Yahoo Finance
    Reuters
    The Motley Fool
    WSJ
    CNBC
    Business Week
    The Street
    Bloomberg

    psh sloganYour Everything Penny Stocks Resource



    Copyright © 2021 PennyStockHaven.com. All Rights Reserved