Early Movers: Norstra Energy, BGC Partners, SUPERVALU INC, NASDAQ OMX Group


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OTC:BB:NORX / NASDAQ:BGCP
04/02/2013 [ACCESSWIRE]

NEW YORK, April 02, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Norstra Energy, BGC Partners, SUPERVALU INC, NASDAQ OMX Group.

SUPERVALU INC. (NYSE:SVU) shares increased 3.89% and closed at $5.07. The company, on Mar. 26, announced plans to reduce its national workforce by an estimated 1,100 positions. The final working dates for impacted employees vary, based on the needs of the business and the areas they support. The reductions include both current positions and open jobs that will not be filled.

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Additionally, Symphony Investors LLC announced on Mar. 21 that Symphony has completed its tender offer for up to 30% of the shares of common stock (the "Shares") of SUPERVALU outstanding as of immediately prior to 5:00 p.m., New York City time, on March 20, 2013. The depositary for the tender offer has advised Symphony that as of the Expiration Time, approximately 11,686,406 Shares were validly tendered and not validly withdrawn pursuant to the tender offer. The tendered Shares represent approximately 5.5% of the Shares outstanding as of immediately prior to the Expiration Time.

BGC Partners, Inc. (NASDAQ:BGCP) shares soared 42.86% to $5.50 after the interdealer broker part-owned by Cantor Fitzgerald LP said it would sell its eSpeed bond unit. The company said on Apirl 1 in a statement it
will sell the electronic Treasury trading platform to NASDAQ OMX Group, Inc.(NASDAQ:NDAQ) for $750 million in cash, or $1.2 billion should sales goals be met.

Additionally, the company announced that it plans to issue an advisory press release by 8:00 a.m. ET on Thursday, May 2, 2013. 

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Moreover, BGC Partners, a spun-off brokerage unit of Cantor Fitzgerald, has decided to withdraw from trading in oil and oil products in London, trading sources said on Mar. 25. The brokerage is a separate affiliate of global financial services firm Cantor Fitzgerald, which lost 658 of its 960 employees who worked at the World Trade Center when it was destroyed in the air attacks on Sept. 11, 2001.

Norstra Energy, Inc (OTC:NORX) stock climbed 7.69% to $0.550. The company, on April 1, gave a general update on the potential of its South Sun River Prospect in Montana. As the Petroleum News reported last year,
energy and geopolitics expert Michael Economides called Montana a "superpower" when it comes to the nation's energy future. Speaking to the Montana Energy 2012 conference in Billings April 3, 2012, he predicted a robust future for oil and natural gas production in the Bakken oil fields located in Montana and in Canada and North Dakota to the north and east.

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Additionally, the company, on Mar. 5, announce the appointment of Mr. Glen Landry as CEO and President of the company. Mr. Landry is a seasoned, third generation geologist from the University of Montana. His grandfather was involved in the development of the famous Kevin Sunburst Oil Field in Montana, and the family has been active in the oil industry ever since. Mr. Landry received a geology degree from the University of Montana over 30 years ago, and his main exploration and development focus has been Montana and North Dakota.

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