Diamonds and Dogs


Tremor Video Inc. (TRMR)

Tremor Video is struggling on its first day of trading, down 15.00% at $8.50. The company provides an in-stream video ad network for internet-connected devices like computers, smartphones and tablets. The company was able to raise $75 million in its IPO today; however shares slipped exactly $1.50. Tremor saw its shares offered at $10 when the shares opened for trading this level was lower than the expected $11-$13 range. Both underwriters (Credit Suisse and Jefferies) have the ability to buy an additional 1.1 million shares which could raise another $11.3 million for Tremor. Investors aren't thrilled with the company so far and those who purchased shares on the open seem to be fleeing.

Bellatrix Exploration Ltd. (BXE)

Bellatrix Exploration is getting a good bounce today, up 13.33% at $5.92. The oil and gas exploration company saw its shares jump after news it closed a deal for a joint venture with Grafton Energy Co. The deal is worth $122 million, of which Grafton will contribute 82% or $100 million. Furthermore, in one year Grafton will have a one-time option to add an additional $50 million. Bellatrix said the deal will accelerate development on a portion of Bellatrix's extensive undeveloped land holdings. The joint venture is in Willesden Green and Brazeau areas of West-Central Alberta. Bellatrix shares climbed up $0.70 today, but need a little more momentum to reach their 52-week high of $6.85.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.