Whiting Petroleum Corp. (WLL) announced Tuesday morning that it has priced a public offering of 35,000,000 shares of its common stock at a price of $30.00 per share. The company also priced $1.0 billion aggregate principal amount of 1.25% convertible senior notes due 2020 in a private unregistered offering.
Whiting Petroleum has gapped open dramatically lower this morning, following a delayed opening. Shares are now down 7.82 at $30.57 on strong volume. The stock has dropped to nearly a 2-month low.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.