3 Energy Stock Stories To Drive Midweek Investment Chatter

Anadarko Petroleum Corp. (NYSE:APC): Closing price $88.88

Because it was a partner in the BP well that blew up in 2010 in the Gulf, Anadarko must face a lawsuit that alleges it misled investors, according to the United States District Judge Keith P. Ellison in Houston, who dismissed the majority of the investors’ claims Tuesday, while finding they had sufficient grounds to sue over a statement by an Anadarko Senior Vice President Robert Daniels that the firm had no involvement in design or procedures at BP’s Macondo well. Ellison said in his decision that “The court finds that one statement in the complaint, made by defendant Daniels, is adequately pled” under the federal law governing securities-fraud claims. “Full dismissal is therefore not warranted.”

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APC

InterOil Corporation (NYSE:IOC): Closing price $76.54

InterOil said that it and its subsidiaries, EP InterOil and InterOil Limited, have reached a $350-million working capital structured facility arranged by BNP Paribas, also acting as lead manager, to supplant the existing $240-million bilateral working capital facility with BNP. From the $350 million, $270 million will consist of a syndicated secured working capital facility having the support of five banking partners: BNP, Intesa Sanpaolo, Australia and New Zealand Banking Group Limited, Natixis, and Bank South Pacific Limited. Beyond that, BNP will also provide an $80-million bilateral non-recourse discounting facility.

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IOC

Syntroleum Corp. (NASDAQ:SYNM): Closing price $7.55

Syntroleum announced Wednesday that its board is examining strategic alternatives to improve value for the company’s shareholders linked with its renewable and natural gas-to-liquids unit. Piper Jaffray & Co. is serving as exclusive independent financial advisor to help the board in the evaluation of possible strategic alternatives.

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SYNM

Don’t Miss: BP Still Seeking to Halt Restitution Payments.

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