>>> US Filings, Offerings and Pricings

Filings, Offerings and Pricings

Filings:

* BioDelivery Sciences (BDSI) filed for a $75 mln mixed securities shelf offering.

Offerings:

* Pacific Energy Development (PED) proposed a public offering of common stock, terms to be determined on later date; Co currently estimates the size of its offering at $8.0 million * Orexigen Therapeutics (OREX) announced proposed offering of $100 million of convertible senior notes. * US Ecology (ECOL) launched a public offering of 2.6 mln shares. * Ring Energy (REI) announced a plans to offer 5 mln shares of its common stock in an underwritten public offering. * US Geothermal (HTM) announced that on Nov 29, 2013 it filed a replacement shelf registration statement on Form S-3 with the SEC. The replacement shelf registration statement was filed as routine course of business due to the impending expiration of the co's existing $50 million shelf registration statement that, under SEC rules, would have expired on Dec 1, 2013.

>>> Talisman Energy: Icahn discloses 7.37% active stake in amended 13D filing; u

Talisman Energy: Icahn discloses 7.37% active stake in amended 13D filing; up from 6.96% on 10/28; entered into a Nomination and Standstill Agreement and a Confidentiality Agreement

"On December 1, 2013, the Reporting Persons entered into a Nomination and Standstill Agreement and a Confidentiality Agreement, and on December 2, 2013 issued a joint press release, with the Issuer, copies of which are filed herewith as exhibits and incorporated herein by reference."

{TLM US Equity DES <GO>}

>>> US Gapping down

Gapping down

In reaction to disappointing earnings/guidance: ECOL -5.9%, (launches public offering of 2.6 mln shares), UNH -0.6%.

Select metals/mining stocks trading lower: AEM -2%, GDX -1.9%, SLV -1.8%, GG -1.6%, SVM -1.6%, GOLD -1.5%, AUY -1.5%, GLD -1.4%, AU -1.3%, NEM -1.3%.

Other news: PBR -9% ( informs about the diesel and gasoline pricing policy, appreciated by its board of directors, that will be implemented from November 29; also downgraded), OREX -5.3% (Orexigen Therapeutics Proposed Offering of $100 Million of Convertible Senior Notes), FREE -4.9% (announces its Amended and Restated Articles of Incorporation were amended to effect a reverse stock split of the co's issued and outstanding common stock at a ratio of one new share for every 5 shares currently outstanding), ZOOM -4% (modestly pulling back), RNF -3.5% (Rentech Nitrogen Partners, L.P. Confirms Incident at East Dubuque Facility), IRE -2.8% (still checking), VIV -2.1% (still checking), JCP -1.9% (still checking), SHLD -1.5% (Sears Reports Thanksgiving, Black Friday Trends and Insights), ABX -1.2% (Barrick Gold's John Thornto considering China deal, according to reports), UL -1.2% (still checking), SCTY -0.9% (despite positive mention in Barron's), BUD -0.9% (still checking), HPQ -0.5% (despite positive mention in Barron's), BP -0.2% (FT discusses that BP (BP) is expecting a surge in oil spill payments)

Analyst comments: GRPN -2.8% (downgraded to Neutral from Buy at Goldman), SHPG -1.8% (Shire downgraded to Neutral from Buy at UBS), GCO -1.2% (Genesco downgraded to Neutral from Overweight at Piper Jaffray), MMM -1% ( downgraded to Underweight from Equal-Weight at Morgan Stanley), S -1% (downgraded to Neutral from Outperform at Macquarie), TRV -0.8% (Travelers downgraded to Neutral from Buy at Goldman), HOLX -0.8% (downgraded to Market Perform from Outperform at Cowen), TWX -0.5% (Time Warner downgraded to Neutral from Buy at Guggenheim)

>>> US Gapping up

Gapping up

M&A news: BCA +7.6% (discloses it is analyzing potential transactions involving the bank, which could include, among other structures, a merger with other national or international bank operators), SPR +0.8% ( GKN (GKNLY) may bid for plans owned by SPR that make wing parts for Boeing (BA), according to reports), .

Select biotech related names showing strength: MACK +9.1%, CTIC +5.7% (Cell Therapeutics receives $5 mln milestone payment from Teva ), ARIA +5.4%, ACHN +4%, DNDN +3.4%, GALE +2.5%, AMRN +1.6% (announces notification of patent allowances for U.S. applications related to triglyceride lowering with a mixture of omega-3 free fatty acid in both the MARINE and ANCHOR patient populations), ACRX+1.2% (announces that the Zalviso NDA was accepted for filing by the FDA on Nov 26, 2013).

Other news: FRO +10% (continued strength), ALU +4.4% (still checking), CIE +3.5% ( confirms significant pre-salt discovery at its Lontra #1 Well, Offshore Angola), HSOL +3.4% (reaches RMB 3.5 Billion Credit Agreement with the Bank of Beijing), AMZN +3.2% (ComScore: Black Friday sees $1.2 bln in desktop e-commerce spending marks; first billion-dollar online shopping day of the 2013 Holiday season; 60 Minutes featured AMZN's new R&D delivery method that deliveries small items by drone aircraft), EBAY +2.9% (ChannelAdvisor reported eBay (EBAY) came in at 28.1% compared to Black Friday's 38.7%, but still out-grew Amazon and is about twice the pace of e-commerce growth; upgraded to Buy from Neutral at Sun Trust Rbsn Humphrey), MT +1.9% (The ThyssenKrupp Steel USA rolling and coating plant in Calvert/Alabama is being sold to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal), JKS +1.4% ( signs strategic cooperation agreement for a 200MW project with local government of Lingwu City of Ningxia Hui autonomous region), DOW +1.1% (Dow Chemical announces carve-out scope for $5 bln of commodity chemicals businesses; right-sizes chlorine footprint to meet dows downstream needs in high-growth markets), DDD +1.1% (announces availability of its ProJet 4500 3D printer and ProJet 5500X), TLM +0.9% ( announced that the company has entered into an agreement with Carl Icahn and his affiliates; Samuel Merksamer and Jonathan Christodoro will join the Company's Board of Directors in December 2013).

Analyst comments: MNST +2.4% (upgraded to Overweight from Neutral at JP Morgan), SPG +1.4% (upgraded to Overweight from Equal-Weight at Morgan Stanley), PGR +1.3% (Progressive upgraded to Neutral from Sell at Goldman), SPG +0.8% ( upgraded to Overweight from Equal-Weight at Morgan Stanley)