sasacvetkovic33/E+ via Getty Images Crescent Energy (NYSE:CRGY) +1.4% in Thursday’s trading as KeyBanc launches coverage with an Overweight rating and $16 price target, pointing to the pending $2.1B SilverBow acquisition which increases scale and production in the Eagle Ford shale and has clear synergies that can be attained both financiallyContinue Reading
ssuaphoto/iStock via Getty Images SM Energy (NYSE:SM) said Thursday it agreed to acquire oil and gas assets in Utah’s Uinta Basinfrom XCL Resources, a private company backed by EnCap Investments and Rice Investment Group, for $2.55B in cash, confirming earlier speculation. Northern Oil and Gas (NOG) will acquire 20% ofContinue Reading
Sean Hannon/iStock via Getty Images SM Energy (NYSE:SM) is in advanced talks to acquire Utah oil and gas producer XCL Resources, in a deal that would value the privately-held company at ~$3B, Bloomberg reported late Wednesday. SM Energy (SM) reportedly could announce a deal with XCL backers including EnCap InvestmentsContinue Reading
London, United Kingdom, June 25th, 2024, Chainwire Minutes Network is pleased to announce a ground-breaking collaboration that is set to bring 1.2 billion users to Minutes Network over the next 24 months. In a strategic move that leverages Minutes Network`s rapid scaling technology with SEW´s AI-driven customer and workforce experienceContinue Reading
AdrianHancu Morgan Stanley thinks Tesla (NASDAQ:TSLA) will be an even more important player in the U.S. energy market due to power needs from the AI boom. The firm’s analysis indicates that U.S. data center power usage may be equivalent to the power used by 150 million electric cars by 2030.Continue Reading
jotily Enbridge (NYSE:ENB) and the Six Nations Energy Development consortium unveiled plans Monday to develop a wind energy project in Saskatchewan, supported partly by loan guarantees of up to $100M from the Saskatchewan Indigenous Investment Finance Corporation. The Seven Stars Energy Project, to be developed, constructed and operated by EnbridgeContinue Reading
HT Ganzo Paladin Energy (OTCQX:PALAF) to acquire Canada-based Fission Uranium (OTCQX:FCUUF) for C$1.14 billion, creating a diversified uranium producer, and adding a development project in a Tier 1 jurisdiction with the ability to expand production and cash flow profiles in the near term. Fission shareholders will receive 0.1076 fully paidContinue Reading
