The Beast Grows Hungrier: Southwestern Ups # Shares of New Stock

We’re not sure what to make of this as we’re not high finance people. But we find it intriguing all the same. MDN reported 10 days ago that Southwestern Energy would float 20 million shares of new common stock and 26 million “depositary” shares of stock in an effort to raise a boatload of new cash (see Southwestern Energy Floats 20M New Shares of Stock). A few days later, they upped it to 26 million shares of common stock and 30 million shares of depositary stock (see Feed the Beast: Southwestern Seeks $2.34B from New Stock Offering). It seems the beast grows even hungrier. Yesterday they upped it again–this time to 30 million shares of common stock and 34.5 million shares of depositary stock. Hmmm, what does it all mean?…

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