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Gulfport Energy (GPOR -4.2%) increases the 9M-share public offering to fund the recent purchase...
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Wednesday, December 19, 2012, 10:42 AM ETGulfport Energy (GPOR -4.2%) increases the 9M-share public offering to fund the recent purchase of Utica shale acreage to 11M, pricing the offering at $38/share, plus a $50M bond add-on. However, Wunderlich likes the acquisition, raising its share price target to $48 from $44 on improved Utica exposure, higher 2013 production levels and expected growth going forward.
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