Wednesday, 14 March 2012

Rosetta Resources shares rise on financial update

Shares of Rosetta Resources Inc. rose on Friday a day after the oil and gas company affirmed its full-year capital budget, said it expects to build cash during the year and maintained its full-year production outlook.

The company's stock climbed $1, or 7.5 percent, to $14.43 in morning trading.

Rosetta affirmed its 2009 capital program at about $115 million and said it would be funded entirely from internally generated cash flow.

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