From Earlier: C.K. Cooper Comments on Endeavor

C.K. Cooper provided color on Endeavour International (NYSE: END) and commented on END's Alba Field acquisition with ConocoPhillips (NYSE: COP) in a research report published today.

In the report, C.K. Cooper stated, "We are maintaining our BUY rating for END, noting that the stock carries some risk that the COP acquisition may not happen and END may need to raise as much as $38MM in funds on unfavorable terms to finance the redemption of bonds. COP and END are working to resolve the impasse and proposing new decommissioning terms to interest holders."

Shares of Endeavor closed Wednesday at $9.77, down 23.79% from prior day market close.