Erin Energy Corp
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Energy : Oil, Gas & Consumable Fuels | Small Cap GrowthCompany profile

Erin Energy Corporation is an independent oil and gas exploration and production company. The Company is focused on energy resources in Africa. It is focused on exploration for and production of hydrocarbons where commercial reserves have been found and developed. As of December 31, 2016, the Company's asset portfolio consisted of seven licenses across four countries covering an area of approximately five million acres (approximately 19,000 square kilometers). The Company's geographical segments include Nigeria, Kenya, The Gambia and Ghana. The Company owns producing properties and conducts exploration activities offshore Nigeria, conducts exploration activities offshore Ghana and The Gambia, and onshore Kenya. The Company has 100% interest in Oil Mining Leases 120 and 121; four Production Sharing Contracts in the Lamu Basin of Kenya; two exploration licenses offshore The Gambia, and interest in Expanded Shallow Water Tano (ESWT) block offshore Ghana.

Closing Price
$0.002
Day's Change
0.0001 (5.26%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.003
Day's Low
0.0019
Volume
(Below Average)
Volume:
25,522

10-day average volume:
61,931
25,522

CBS stock upgraded at MoffettNathanson as analyst says Viacom merger is 'foregone conclusion' this year

8:35 am ET January 17, 2019 (MarketWatch)
Print

Shares of CBS Corp. (CBS) are up 0.9% in premarket trading Thursday after an upgrade to buy from neutral at MoffettNathanson. Analyst Michael Nathanson argued fears of an impending deal with Viacom Inc. (VIA) have pressured CBS shares lately, but he said a merger between the two companies is a "foregone conclusion" this year. "As such, we are upgrading CBS on the assumption that a merger will be announced in 2019 that removes the very overhang that has hurt the stock," Nathanson wrote. "We think that the deal improves the structural weaknesses of both companies and drives the linked share prices higher." He maintained a $65 target price on CBS shares in conjunction with the upgrade. Nathanson rates Viacom shares at neutral with a $40 price target, writing that he is concerned about an upcoming renewal with AT&T Inc.'s (T) DirecTV. CBS shares have fallen 14% in the past three months, while the S&P 500 has dropped 6.9%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 17, 2019 08:35 ET (13:35 GMT)

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