Shares of Whiting Petroleum Corporation (WLL) Sees Large Inflow of Net Money Flow

Whiting Petroleum Corporation (WLL) : Investors lapped up stocks on upticks to the tune of $9.94 million in the Mondays trading session. The trading value on downticks was comparatively at $9.1 million and the uptick to downtick ratio of 1.09 indicates continuous buying by the bulls. The net money flow into the stock was $0.84 million. The block trades were dominated by the bulls with a healthy 2.45, uptick to downtick ratio. Only $0.72 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $1.76 clearly indicating buying by large investors. The total money flow for block trades stood at $1.04 million, which is a positive for the stock in the long-term. Whiting Petroleum Corporation (WLL) fell $0.12 during the day at $8.4, a drop of -1.36% over the previous days close. However, for the week, the stock is 3.37%, compared to the previous week.


Whiting Petroleum Corp. has dropped 20.54% during the last 3-month period . Year-to-Date the stock performance stands at -6.99%. Shares of Whiting Petroleum Corp. appreciated by 12.28% during the last five trading days but lost 20.11% on a 4-week basis. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Whiting Petroleum Corp, Volker James J had purchased shares worth of $103,000 in a transaction dated on May 3, 2016. A total of 10,000 shares were purchased at a price of $10.3 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Whiting Petroleum Corporation (NYSE:WLL): stock turned positive on Monday. Though the stock opened at $8.38, the bulls momentum made the stock top out at $8.81 level for the day. The stock recorded a low of $8.23 and closed the trading day at $8.78, in the green by 3.05%. The total traded volume for the day was 16,059,699. The stock had closed at $8.52 in the previous days trading.

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in exploration, development, acquisition and production of crude oil, NGLs and natural gas in the Rocky Mountains and Permian Basin regions of the United States. The Companys Rocky Mountains operations include assets in the states of Colorado, Montana, North Dakota, Utah and Wyoming. The Companys Permian Basin operations include assets in Texas and New Mexico. The Companys other operations primarily include its assets in Arkansas, Michigan, Oklahoma and Texas. As of December 31, 2014, The Companys estimated proved reserves totaled 780.3 Million Barrels of Oil Equivalent (MMBOE). At December 31, 2014, the Companys probable reserves were estimated to be 399.3 MMBOE and its possible reserves were estimated to be 225.5 MMBOE, for a total of 624.8 MMBOE.

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