Tender Offer Results, Expanded Borrowing Base, Stock Price Updates and Upsized Public Offerings - Research Report on Stone

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

----

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