Energy Spinoffs Transocean Partners, Seventy Seven Energy Tumble

Seventy Seven Energy

Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS), Celladon Corp (NASDAQ:CLDN) and Repros Therapeutics Inc (NASDAQ:RPRX) are gaining this Monday. Gulf Coast Ultra Deep Royalty Trust (NASDAQ:GULTU), Seventy Seven Energy Inc (NYSE:SSE) and Transocean Partners LLC (NYSE:RIGP), on the other hand, are posting losses.

Sign up for our free daily newsletter

SHOS Climbs

Sears Hometown and Outlet Stores Inc (NASDAQ:SHOS) approached market close posting an +8.65% gain for the day. The retailer hasn’t had the best of goes in 2014, its price falling -48.59% year-to-date. As of the third quarter of this year, Edward Lampert holds nearly five million SHOS shares.


Celladon Corp (NASDAQ:CLDN) climbed +7.53% today and reached a new 52-week high near midday trading. Since going public last January, CLDN has rallied +150%. Thomas Steyer’s Farallon Capital has profited from its gain.

Repros Therapeutics Inc (NASDAQ:RPRX) climbed +5.83% after coming out on top in a patent dispute. Another Farallon Capital holding, RPRX is down about -45% YTD, though it’s rallied over the past month. Billionaire John Paulson initiated a stake in the company during the third quarter of this year.

Seventy Seven Energy Dips

Gulf Coast Ultra Deep Royalty Trust (NASDAQ:GULTU) tumbled -9.6% today, putting its six-month performance at -50%. Leon Cooperman and John Paulson have positions in GULTU.

Seventy Seven Energy Inc (NYSE:SSE) dipped -7.42%. It has declined more than -75% since splitting off from Chesapeake Energy earlier this year. The spinoff left Carl Icahn with 4.75 million SSE shares.

Transocean Partners LLC (NYSE:RIGP) approached market close down -6.7% for the day. The spinoff of Transocean, the stock has also struggled since going public, falling -43.42% since.


For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

iBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at

Be the first to comment on "Energy Spinoffs Transocean Partners, Seventy Seven Energy Tumble"

Leave a comment