ADVFN - Advanced Financial Network.
HOME» NASDAQ » S » FUEL Stock Price » FUEL Stock News

Smf Energy Share News

 Smf Energy (mm) Stock Price
FUEL Stock Price
 Smf Energy (mm) Stock Chart
FUEL Stock Chart
 Smf Energy (mm) Stock News
FUEL Stock News
 Smf Energy (mm) Company Information
FUEL Company Information
 Smf Energy (mm) Stock Trades
FUEL Stock Trades

SMF Energy Files For Chapter 11 Bankruptcy After Loan Default

DOW JONES NEWSWIRES SMF Energy Corp. (FUEL) filed for Chapter 11 bankruptcy protection after its principal lender declared it in default on its loan agreements. SMF, which owes about $11.2 million under its loan agreements with Wells Fargo & Co. (WFC), expects to receive needed consents to allow it to continue operating parts of its business that have continuing value as it works through a reorganization plan. The provider of mobile and bulk fueling and other services across a broad range of industries from trucking to telecommunications also said it expects that it will be required to sell off assets that aren't considered to have a "going concern" value. Further details regarding asset sales weren't disclosed. SMF said it didn't expect that plans unveiled last month to improve revenue and cut costs would be enough to offset an anticipated downturn in its financial results any time soon. SMF said that competitive pressures have prevented it from raising prices. Shares closed Friday at 84 cents and were halted in recent premarket trading. The stock is down roughly 70% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;

Stock News for Smf Energy (FUEL)
04/17/201517:50:27Statement of Changes in Beneficial Ownership (4)
04/16/201505:29:09Rocket Fuel Now Covered by Analysts at Stephens (FUEL)
04/14/201512:01:00Rocket Fuel Among Industry’s First to Announce Integration W...
04/10/201519:25:58Statement of Changes in Beneficial Ownership (4)
04/09/201513:22:00Media Alert: New Report by Rocket Fuel & Leading Digital Strategist...
04/07/201509:00:00Media Alert: Rocket Fuel Powers INDYCAR ‘Rivals’ Digital Ad...
04/01/201509:00:00Media Alert: Rocket Fuel Reveals Programmatic Advertising and...
03/30/201506:02:37Berkshire Hathaway Is Terrific - Cramer's Lightning Round (3/27/15)
03/27/201519:41:39Statement of Changes in Beneficial Ownership (4)
03/27/201519:40:08Statement of Changes in Beneficial Ownership (4)
03/27/201519:38:48Statement of Changes in Beneficial Ownership (4)
03/27/201519:36:53Statement of Changes in Beneficial Ownership (4)
03/26/201516:54:27Statement of Changes in Beneficial Ownership (4)
03/26/201509:00:00Media Alert: Rocket Fuel to Speak at Upcoming Marketing Industry...
03/25/201515:10:00Media Alert: Rocket Fuel Named to Gramercy Institute’s 2015 M...
03/24/201516:56:58Current Report Filing (8-k)
03/24/201516:45:00Rocket Fuel Announces CEO Succession Plan
03/23/201519:23:26Statement of Changes in Beneficial Ownership (4)
03/23/201518:04:00Rocket Fuel closes above $10; SA author sees a turnaround play
03/20/201517:08:03Current Report Filing (8-k)

Smf Energy and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations