RE: RE: RE: RE: RE: Target price today?
Natural-gas explorer
Open RangeEnergy Corp. (ONR) soared 31 percent after the spinoff of its
serviceand supply business, Poseidon Concepts Corp., became effective.
Adjusted to reflect the spinoff, Open Range shares jumped55 Canadian cents to C$2.31 after closing at a record yesterday.Open Range, based in Calgary, surged 40 percent on Sept. 6, theday it said it would form the new company.
Poseidon climbed to C$12.30 after opening at C$11.20.
To contact the reporter on this story:Matt Walcoff in Toronto at
mwalcoff1@bloomberg.net
To contact the editor responsible for this story:Nick Baker at
nbaker7@bloomberg.net
(https://www.bloomberg.com/news/2011-11-04/open-range-surges-after-spinoff-of-service-and-supply-business.html)