Out Fox The $treet

Aurora Cannabis continues rallying after another premium deal. The company not providing financial details of acquisitions and quarterly operating losses in press releases is a major red flag. Momentum traders on Robinhood are very bullish on the stock. Aurora Cannabis has the potential to improve the investment picture via more detailed financials on the FQ2 report with more details of the path to an EBITDA-positive FQ4. The company is still making the wrong deals. My  previous research  has been critical of  Aurora Cannabis  ( ACB ) making too many deals and aggressively expanding cannabis production into the inevitable sector crash. Instead of making strategic partnerships and looking to sell production facilities at premium prices, the company continues down the path of massive shareholder dilution that will eventually wreck the stock. Read the full article on Seeking Alpha.

After the close, Aurora Cannabis ( ACB ) announced a proposed offering of $250 million convertible senior notes due 2034. Such an offering is a likely sign that Coca-Cola (KO) isn't offering the company a ton of cash to invest in their international cannabis expansion.

Following the release of a major deal to purchase producing acreage in the Eagle Ford, Sanchez Energy Corp. ( NYSE: SN     ) surged to record highs. The stock had seen solid gains in the last year following mediocre returns after an IPO at the end of 2011. While the stock has surged nearly $10 following the deal in late May, to reach $38, there are several reasons the stock could head much higher. Prior to the deal to buy Eagle Ford assets from Royal Dutch Shell Plc ( NYSE: RDS-B     ) , Sanchez Energy was producing significant growth from its own Eagle Ford assets. Besides the strong Eagle Ford position, the company has a solid position in the up-and-coming Tuscaloosa Marine Shale, which gives it a strong foothold for building production. Read the full article here . Disclosure: No positions mentioned. Please review the disclaimer page for more details.