WPX Energy(WPX) began trading regular way today following its spin off from Williams(WMB). The company issued a press release to mark the occasion Shares of WPX Energy will begin trading “regular way” on the New York Stock Exchange today following a successful spinoff from Williams that concluded on Dec. 31. WPX Energy is an… Read More »
Orchard Supply Hardware Common(OSH) and preferred(OSHSP) began trading this morning, following their spinoff from Sears Holdings(SHLD). The newly independent company issued a press release to mark the occasion: Orchard Supply Hardware Stores Corporation, a specialty retailer serving homeowners with repair, maintenance and improvement needs, announced that its spin-off from Sears Holdings Corporation was completed at… Read More »
Our friends over at My Investing Notebook recently dug up Ralcorp’s(RAH) comments from its 2007 acquisition of Post Cereals, and compared them to its comments regarding this month’s spin off of Post(POST) as an independent company. We were salivating to buy the stock based on the mouth-watering descriptions of future profits to be had as a result of… both… Read More »
NovaGold(NG) has a great story. It owns a 50% interest in the Donlin Gold project in Alaska, which a recent feasibility study projects can average 1.5 million ounces of production at $409/oz for the first 5 years, as well as two other major prospects. It has a market cap of over $2 billion. It counts George Soros, John… Read More »