New Source Energy Partners announced today the commencement of its IPO of 4,000,000 common units representing limited partner interests in the Partnership pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (SEC). The underwriters will be granted a 30-day option to purchase up to an additional 600,000 common units to cover over-allotments, if any. The common units will be listed on the New York Stock Exchange and traded under the symbol "NSLP."
The Partnership was formed by New Source Energy Corporation to own and acquire oil and natural gas properties in the United States. The common units being offered to the public represent a 53.3% limited partner interest in the Partnership, or a 56.7% limited partner interest if the underwriters exercise their option to purchase additional common units in full.
Baird, Stifel Nicolaus Weisel, BMO Capital Markets and Oppenheimer & Co. are serving as joint book-running managers for the offering.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Launch related slideshow:
Friday 5/24 Insider Buying Report: PMT, VOCS
Thursday 5/23 Insider Buying Report: MDT, WD
Thursday 5/23 Insider Buying Report: SREV, CYCC
Daily Wrap: May 23, 2013
Ralph Lauren and Perry Ellis Disappoint
Daily Wrap: May 22, 2013
Analyst Moves: BA, TOL, SPLS
Analyst Moves: STX, HOT, HPQ
Analyst Moves: NTAP, MDC, PXD
Thursday Sector Leaders: Apparel Stores, General Contractors & Builders
Thursday Sector Laggards: Electric Utilities, Agriculture & Farm Products
Wednesday Sector Leaders: Homebuilders, Precious Metals
SLV, CHIM: Big ETF Outflows
IYR, SDP: Big ETF Inflows
Thursday's ETF with Unusual Volume: IGV
Daily Dividend Report: TMO, AAP, HAS, AINV, HPQ
Daily Dividend Report: MCD, JCI, CTL, GPS, AVB
Daily Dividend Report: NTAP, ADI, BBY, TAP, CHSP
Initial Jobless Claims Fall
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013