SOURCE: Equity News Circuit

Equity News Circuit

March 18, 2013 08:45 ET

Free Research Reports on BAC, BAS, CPE and IVR Issued by the Bedford Report

Note to Editors: The Following Is an Investment Opinion Being Issued by the EQUITY NEWS CIRCUIT

NEW YORK, NY--(Marketwire - Mar 18, 2013) -  The Bedford Report has released new equity reports today. As a leading provider of free in depth reports and timely market updates, Bedford is an essential resource for hundreds of thousands of investors across the country.

Bank of America Corp. (NYSE: BAC) shares spiked 3.8 percent on volume of over 319 million shares traded Friday to close at $12.57 a share. The company's Board of Directors has authorized the repurchase of up to $5.0 billion of common stock and the redemption of approximately $5.5 billion in preferred stock.

Find out more about Bank of America including full access to the free equity report at: www.BedfordReport.com/BAC

Basic Energy Services, Inc. (NYSE: BAS) shares gained 5.94 percent on more than double the average daily volume Friday to close at $15.35 a share. The company reported well servicing rig hours for the month of February produced a rig utilization rate of 71%, compared to 67% in January.

Find out more about Basic Energy Services including full access to the free equity report at: www.BedfordReport.com/BAS

Callon Petroleum Company (NYSE: CPE) shares declined 12.4 percent on volume of over 1 million shares traded Friday to close at $4.38 a share. The company reported a net loss of $0.4 million for the fourth quarter of 2012, compared to a net income of $74.0 million in the year ago quarter.

Find out more about Callon Petroleum Company including full access to the free equity report at: www.BedfordReport.com/CPE

Invesco Mortgage Capital Inc. (NYSE: IVR) shares have gained approximately 10 percent year-to-date. The company currently offers investors an annual dividend of $2.60 a share for a dividend yield of roughly 12.1 percent.

Find out more about Invesco Mortgage Capital including full access to the free equity report at: www.BedfordReport.com/IVR

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein.

A third party, Providence Media Strategies LLC has paid Equity News Circuit five hundred dollars for the publication of this news release. Neither Equity News Circuit, nor the hiring party, has a financial relationship with any company whose stock is mentioned in this release. Neither Equity News Circuit nor the hiring party are a registered investment advisor, and nothing in this report is intended as a solicitation to buy or sell any security.

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