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Whiting Petroleum (WLL) shares plunged nearly 20% Tuesday after the company announced a share offering priced 22% below Monday’s closing level. The Denver-based oil producer said late Monday that it would offer 35 million common shares priced at 30. It will also issue $1.75 billion in debt. Proceeds will go to pay debt and support company operations. The news was a tough blow to investors holding shares already down 60% from an Aug. 29 high of Scalper1 News
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