Dahlman Rose & Co. Terminates Coverage Of Mariner Energy

Dahlman Rose & Co. has announced that it is terminating its coverage of Mariner Energy Inc. (NYSE: ME) due to its recent merger with Apache Corporation (NYSE: APA) on November 10, 2010.

“The merger closed following its approval by Mariner's shareholders. Apache issued approximately 17.5MM shares and paid approximately $800MM in cash to Mariner stockholders,” Dahlman Rose & Co. writes.

“We are discontinuing coverage of Mariner Energy (ME). Our previous estimates, ratings and price targets should no longer be relied upon. Our most recent rating was a Hold with no price target.”

Apache Corporation currently trades at $110.71.