Tender Offer Results, Expanded Borrowing Base, Stock Price Updates and Upsized Public Offerings - Research Report on Stone Energy, Swift Energy, Berry Petroleum, Sanchez Energy, and BreitBurn Editor Note: For more information about this release, please scroll to bottom PR Newswire NEW YORK, December 3, 2013 NEW YORK, December 3, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting Stone Energy Corp. (NYSE: SGY), Swift Energy Co. (NYSE: SFY), Berry Petroleum Co. (NYSE: BRY), Sanchez Energy Corporation (NYSE: SN), and BreitBurn Energy Partners L.P. (NASDAQ: BBEP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Stone Energy Corp. Research Report On November 26, 2013, Stone Energy Corp. (Stone Energy) reported that it received tenders and consents from the holders of c.$236.4 million in aggregate principal amount, or c.63% of its outstanding 8.625% Senior Notes due 2017 (the Notes) in relation to its formerly declared cash tender offer (the Offer) to purchase any and all of the Notes and the related solicitation of consents to proposed amendments that would shorten to three business days, the minimum notice period for optional redemptions and would eliminate substantially all of the restrictive covenants and certain events of default provisions indicated in the indenture governing the Notes. Stone Energy stated that it has entered into a supplemental indenture to the Indenture that makes the proposed amendments effective, and the amendments will become operative when Stone has purchased the Notes tendered in the Offer. The Full Research Report on Stone Energy Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.AnalystsCorner.com/r/full_research_report/c570_SGY -- Swift Energy Co. Research Report On November 27, 2013, Swift Energy Co.'s (Swift Energy) stock declined 2.44%, ending the day's session at $13.22. Over the previous three trading sessions, shares of Swift Energy declined 3.99%, compared to the Dow Jones Industrial Average Index, which increased 0.20% during the same period. The Full Research Report on Swift Energy Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.AnalystsCorner.com/r/full_research_report/c434_SFY -- Berry Petroleum Co. Research Report On November 27, 2013, Berry Petroleum Co.'s (Berry Petroleum) stock declined 0.73%, ending the day's session at $50.39. Over the previous three trading sessions, shares of Berry Petroleum declined 1.43%, compared to the Dow Jones Industrial Average Index, which increased 0.20% during the same period. The Full Research Report on Berry Petroleum Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.AnalystsCorner.com/r/full_research_report/2fbb_BRY -- Sanchez Energy Corporation Research Report On November 19, 2013, Sanchez Energy Corporation (Sanchez Energy) reported that it has received commitments from its lending group to increase its available borrowing base under its $500 million first lien revolving credit facility from $175 million to $300 million, effective immediately. Michael G. Long, Sanchez Energy's Senior Vice President and CFO, commented, "Our strong reserve growth and increased percentage of proved developed reserves has resulted in another significant expansion of our available borrowing base under our revolving credit facility, which is re-determined quarterly. We anticipate being able to fund our previously announced preliminary 2014 capital program from cash, cash flows and a modest usage of the revolver, while retaining significant liquidity, as our proved reserve base continues to grow. We have also increased our hedging program and now have between 55% and 60% of our anticipated 2014 production hedged with a combination of swaps and collars at an average swap or floor price of $94 per barrel." The Full Research Report on Sanchez Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.AnalystsCorner.com/r/full_research_report/596c_SN -- BreitBurn Energy Partners L.P. Research Report On November 19, 2013, BreitBurn Energy Partners L.P. (BreitBurn) announced the pricing for an offering of an additional $400 million aggregate principal amount of its 7.875% Senior Notes due 2022 (the Additional Notes). The Company informed that the offering was increased to $400 million from the formerly declared amount of $300 million. According to the Company, the Additional Notes will be offered as additional notes to the Partnership's existing $450 million in aggregate principal amount of 7.875% Senior Notes due 2022 (the Existing Notes). The Company further informed that the Additional Notes will be issued at a price equal to 100.250% of the principal amount thereof, resulting in a yield to worst of 7.823%, and the Partnership intends to use the net proceeds from the offering of c.$393.4 million, after expenses, to repay indebtedness outstanding under its bank credit facility. BreitBurn stated that Wells Fargo Securities, LLC, Barclays Capital Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC and Mitsubishi UFJ Securities (USA), Inc., will act as joint book-running managers of the Additional Notes offering. The Full Research Report on BreitBurn Energy Partners L.P. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.AnalystsCorner.com/r/full_research_report/7750_BBEP ---- EDITOR NOTES: 1.This is not company news. 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Tender Offer Results, Expanded Borrowing Base, Stock Price Updates and Upsized Public Offerings - Research Report on Stone
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