Venoco (VQ) +3.5% premarket after extending the financing date to July 20 in its going-private...

|By:, SA News Editor

Venoco (VQ) +3.5% premarket after extending the financing date to July 20 in its going-private agreement. Stifel Nicolaus upgrades shares to Buy from Hold, saying while skeptics may view the extension and news of a "signed term sheet" as an attempt to put the company into play, the firm believes visibility on private financing is improving.