Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, April 1, 5:14 PM
|This Slide: #475 of 609|
Slide #475. Miller Energy Resources, Inc. — Preferred Stock Offering
Miller Energy Resources, Inc. (MILL)
Preferred Stock Offering Details:
Miller Energy Resources, Inc. (NYSE: MILL) (the "Company") is pleased to announce that it has entered into a sales agreement (the "Sales Agreement") with MLV & Co. LLC ("MLV"), as the Company's sales agent. Under the Sales Agreement, the Company may, at its discretion and from time to time, sell up to three million shares of the Company's 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock ("Series D Preferred Stock").
Miller Energy Resources is an independent exploration and production company that utilizes seismic data and other technologies for geophysical exploration, development and operation of oil and gas wells in the Appalachian region of east Tennessee and in southcentral Alaska. Co.'s Alaskan activities include the Cook Inlet, Susitna Basins, and North Fork Unit. Occasionally, during times of excess capacity, Co. provides these services on a contract basis to third-party customers primarily engaged in oil and natural gas exploration and production. As of Apr 30 2014, Co.'s net proved oil and gas reserves were 6.10 billion barrels of oil and 27.64 billion cubic feet of natural gas.
Preferreds: MILL.PRC, MILL.PRD
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Buy (3.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com