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.

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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.

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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.

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