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Austin, Texas-based $FOR said in 1Q16 it sold its remaining Kansas and Nebraska oil and gas properties for $21MM and a portion of its Bakken/Three Forks asset for $9.5MM. On May 6, 2016, the company closed the sale of the remaining Bakken/Three Forks assets for $50MM. These combined sales generated over $75MM in net proceeds to the company.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?