HOUSTON--(BUSINESS WIRE)--ConocoPhillips has completed its acquisition of Concho Resources following approval by shareholders of both companies.
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced the extension of the expiration date of the offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Concho Resources Inc. (“Concho”) as set forth in the table below (the “Existing Concho Notes”) for (1) up to $3,900,000,000 aggregate principal amount of new notes to be issued by ConocoPhillips and fully and unconditionally guaranteed by
KeyBanc Stick to Their Buy Rating for Concho Resources
TSX.V: REL VANCOUVER, BC , Jan. 13, 2021 /CNW/ - Roughrider Exploration Limited ("Roughrider" or the "Company") (TSXV: REL ) is pleased to announce that it has expanded its 100% owned Eldorado property (the " Property ") located immediately adjacent to the east of the Red Chris Mine (see Figure 1). The Property consists of 10 mineral tenure claims totaling 4,867 ha. Based on the recent results from Newcrest Mining Limited ( " Newcrest") and Imperials Metals Corporation's ( " Imperial") jointed ventured Red Chris Mine 1 (available on Imperial's website, dated December 9, 2020 ) which highlights significant mineralization noted for the first time on the southern side of the South Boundary Fault ("SBF"), Roughrider acquired additional claims to expand its Property (see Figure 2). Adam Travis , Roughrider CEO and Director comments: "We are very encouraged with the results that Newcrest and Imperial reported from recent exploration program of their Red Chris Mine property where they have noted a significant discovery that has the potential to expand the known area of the Red Chris Porphyry System on the other side of the SBF, originally thought to limit their deposit.
HOUSTON--(BUSINESS WIRE)--ConocoPhillips Commences Exchange Offers and Concho Resources Inc. Commences Consent Solicitations
Today’s featured Forty Under 40 honoree is Megan P. Hays, vice president of investor relations and public affairs at Concho Resources who pioneered the Permian Basin-focused operator’s sustainability strategy.
Concho Resources (NYSE:CXO) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Friday, AR Network reports. They presently have a $56.00 target price on the oil and natural gas company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 2.17% from […]
Concho Resources (NYSE:CXO)‘s stock had its “sector perform” rating restated by analysts at Scotiabank in a note issued to investors on Thursday, The Fly reports. They currently have a $65.70 target price on the oil and natural gas company’s stock, up from their previous target price of $43.00. Scotiabank’s target price points to a potential […]
On October 27, 2020, Concho Resources (NYSE: CXO) announced shareholders can expect to receive a dividend payable on December 18, 2020. The stock will …
Shares of ConocoPhillips (NYSE: COP ) have declined by 17% over the last six months, lifting its dividend yield to around 6%, "second only to the major oils," according to BofA Securities. The ConocoPhillips Analyst: Doug Leggate upgraded ConocoPhillips from Neutral to Buy and reduced the price target from $46 to $44. The ConocoPhillips Thesis: The acquisition of Concho Resources Inc (NYSE: CXO ) offers ConocoPhillips cost-saving opportunities and lower exploration capital in some areas, Leggate said … Full story available on Benzinga.com
US Oil's Merger Mania Won't End Well For Energy Tyler Durden Wed, 10/28/2020 - 10:06 By Kriti Gupta, commentator for Bloomberg's Markets Live The long-awaited shale patch consolidation has arrived, sparking another bout of merger mania in the energy industry. It’s reminiscent of the one in the late 1990s, just as the Internet bubble was exploding. But don’t expect the stocks to rally this time. Parallels between tech in the 1990s and today are common. But there’s been little mention of what the energy sector went through at the same time and how it suddenly looks so familiar. History’s repeating itself as it appears energy can’t attract investors -- again. Then as now, the backdrop to energy’s M&A boom is a collapse in oil prices. The difference this time, however, is the deals are happening at a quarter of the traditional premiums. During this pandemic era, four deals have already emerged: Chevron’s takeover of Noble Energy, ConocoPhillips’s acquisition of Concho Resources, Pioneer Natural Resources’s purchase of Parsley Energy and Devon Energy’s merger with WPX Energy.
Concho Resources announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Concho Resources (NYSE: CXO) to ConocoPhillips (NYSE: COP). Under the terms of the proposed transaction, shareholders of Concho will receive only 1.46 shares of ConocoPhillips for each share of Concho that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequ
BENGALURU: Canadian oil and gas producer Cenovus Energy Inc will buy peer Husky Energy Inc in an all-stock transaction valued at C$23.6 billion (RM74.73 billion), inclusive of debt, the companies said in a joint statement today. The deal is the latest sign of consolidation in the energy industry following the collapse of oil prices. Earlier this month Concho Resources Inc agreed to being taken over by ConocoPhillips for US$9.7 billion. That followed Chevron Corp's US$4.2 billion purchase of Noble Energy. Cenovus' deal for Husky implies a transaction equity value for Husky of about C$3.8 billion and a transaction enterprise value of about C$10.2 billion, according to the statement. Husky shareholders will receive 0.7845 of a Cenovus share and 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share, according to the statement. The combined company is expected to generate annual synergies of C$1.2 billion and will operate as Cenovus Energy Inc with headquarters in Alberta, Canada, the statement said.
TD Securities lowered shares of Concho Resources (NYSE:CXO) from a hold rating to a tender rating in a report published on Wednesday morning, AnalystRatings.net reports. Other research analysts have also issued reports about the company. Northland Securities initiated coverage on Concho Resources in a research report on Monday, September 14th. They issued an outperform rating […]
Stephens lowered shares of Concho Resources (NYSE:CXO) from an overweight rating to an equal weight rating in a research report sent to investors on Friday morning, AnalystRatings.net reports. They currently have $51.00 price objective on the oil and natural gas company’s stock, down from their prior price objective of $81.00. Several other analysts have also […]
US Capital Advisors lowered shares of Concho Resources (NYSE:CXO) from a buy rating to a hold rating in a research note released on Wednesday, The Fly reports. Several other brokerages have also weighed in on CXO. Northland Securities started coverage on Concho Resources in a research note on Monday, September 14th. They issued an outperform […]
Concho Resources (NYSE:CXO) and ARABELLA Expl I/SH SH (OTCMKTS:AXPLF) are both oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, profitability, analyst recommendations, valuation, risk, dividends and institutional ownership. Profitability This table compares Concho Resources and ARABELLA Expl I/SH SH’s net margins, return […]
Concho Resources Inc (NYSE:CXO) – Stock analysts at Capital One Financial lifted their FY2020 EPS estimates for Concho Resources in a report released on Tuesday, October 20th. Capital One Financial analyst R. Tullis now forecasts that the oil and natural gas company will post earnings per share of $4.33 for the year, up from their […]
Concho Resources Inc (NYSE:CXO) – Seaport Global Securities issued their Q3 2020 EPS estimates for Concho Resources in a report issued on Monday, October 19th. Seaport Global Securities analyst N. Pope expects that the oil and natural gas company will post earnings of $1.32 per share for the quarter. Seaport Global Securities currently has a […]
Concho Resources (NYSE:CXO) was downgraded by research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report issued on Friday, The Fly reports. Other research analysts have also recently issued research reports about the company. MKM Partners cut Concho Resources from a “buy” rating to a “neutral” rating and set […]
Concho Resources Inc (NYSE:CXO) – Stock analysts at Capital One Financial increased their Q3 2020 earnings estimates for Concho Resources in a research report issued on Tuesday, October 20th. Capital One Financial analyst R. Tullis now forecasts that the oil and natural gas company will post earnings per share of $1.22 for the quarter, up […]
Shares of Concho Resources Inc (NYSE:CXO) have earned an average recommendation of “Buy” from the twenty-eight research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nineteen have given a buy recommendation to the company. The average […]
Concho Resources Inc (NYSE:CXO) – Analysts at Seaport Global Securities issued their Q3 2020 earnings per share estimates for shares of Concho Resources in a note issued to investors on Monday, October 19th. Seaport Global Securities analyst N. Pope forecasts that the oil and natural gas company will post earnings of $1.32 per share for […]
ConocoPhillips made a play in the Permian Basin buying Concho Resources. That’s very good news for Exxon Mobil and holders of XOM stock.
Concho Resources Inc (NYSE:CXO) – Stock analysts at Seaport Global Securities issued their Q3 2020 EPS estimates for shares of Concho Resources in a research note issued to investors on Monday, October 19th. Seaport Global Securities analyst N. Pope anticipates that the oil and natural gas company will earn $1.32 per share for the quarter. […]
TD Securities lowered shares of Concho Resources (NYSE:CXO) from a hold rating to a tender rating in a report issued on Wednesday morning, Analyst Ratings Network reports. A number of other equities analysts also recently commented on CXO. Seaport Global Securities started coverage on Concho Resources in a research note on Monday, July 27th. They […]
US Capital Advisors cut shares of Concho Resources (NYSE:CXO) from a buy rating to a hold rating in a research report released on Wednesday, The Fly reports. Several other equities analysts have also commented on CXO. Zacks Investment Research lowered shares of Concho Resources from a buy rating to a hold rating and set a […]
Wells Fargo & Company cut shares of Concho Resources (NYSE:CXO) from an overweight rating to an equal weight rating in a report released on Monday, The Fly reports. CXO has been the subject of several other research reports. ValuEngine cut shares of Concho Resources from a sell rating to a strong sell rating in a […]
Concho Resources (NYSE:CXO) was downgraded by equities researchers at MKM Partners from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, The Fly reports. They presently have a $50.00 price target on the oil and natural gas company’s stock. MKM Partners’ target price points to a […]
Analysts expect that Concho Resources Inc (NYSE:CXO) will report $958.76 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Concho Resources’ earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $792.00 million. Concho Resources reported sales of […]
Shares of Concho Resources Inc (NYSE:CXO) traded down 6% on Wednesday after TD Securities downgraded the stock from a hold rating to a tender rating. The company traded as low as $44.20 and last traded at $44.28. 5,736,099 shares traded hands during trading, an increase of 122% from the average session volume of 2,578,671 shares. […]
Concho Resources (NYSE:CXO) was downgraded by investment analysts at TD Securities from a “hold” rating to a “tender” rating in a report issued on Wednesday, BayStreet.CA reports. Other analysts have also issued research reports about the stock. KeyCorp cut their price objective on shares of Concho Resources from $81.00 to $70.00 and set an “overweight” […]
Concho Resources (NYSE:CXO)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a research note issued on Wednesday, Benzinga reports. They currently have a $64.00 price target on the oil and natural gas company’s stock, down from their previous price target of $70.00. Raymond James’ price objective points to a potential […]
Concho Resources Inc (NYSE:CXO) – Investment analysts at Capital One Financial increased their Q3 2020 earnings estimates for shares of Concho Resources in a research report issued on Tuesday, October 20th. Capital One Financial analyst R. Tullis now anticipates that the oil and natural gas company will post earnings of $1.22 per share for the […]
Concho Resources (NYSE:CXO) and ARABELLA Expl I/SH SH (OTCMKTS:AXPLF) are both oils/energy companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, risk, valuation, profitability, analyst recommendations, earnings and dividends. Insider and Institutional Ownership 90.6% of Concho Resources shares are held by institutional investors. […]
Concho Resources (NYSE:CXO) will issue its quarterly earnings data after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link. Concho Resources (NYSE:CXO) last released its quarterly […]
Wall Street analysts expect that Concho Resources Inc (NYSE:CXO) will report $1.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Concho Resources’ earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $0.52. Concho Resources reported earnings of […]
ConocoPhillips is buying Concho Resources in an acquisition valued $9.7 billion, expected to close 1Q21. Concho’s current market capitalization is $9.3 billion.
Concho Resources (NYSE:CXO) had its target price dropped by equities researchers at KeyCorp from $81.00 to $70.00 in a research note issued on Tuesday, Stock Target Advisor reports. The firm currently has an “overweight” rating on the oil and natural gas company’s stock. KeyCorp’s price objective indicates a potential upside of 48.12% from the stock’s […]
Die Corona-Krise und der niedrige Ölpreis sorgen in der Ölbranche für Konsolidierungsdruck. US-Riese ConocoPhillips wagt sich mit einem Milliardendeal aus der Deckung.
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Wells Fargo & Company cut shares of Concho Resources (NYSE:CXO) from an overweight rating to an equal weight rating in a research report sent to investors on Monday, The Fly reports. CXO has been the topic of several other research reports. Morgan Stanley upgraded Concho Resources from an equal weight rating to an overweight rating […]
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ConocoPhillips is buying shale producer Concho Resources in an all-stock deal valued at $9.7 billion, making it a major presence in the Permian Basin, the top-producing oil field in the U.S.
Demand destruction and low oil prices have led to more acquisitions in the oil and gas space. The ConocoPhillips purchase of Concho Resources is one of the biggest positive shale movements of late.
Dies wäre die größte Übernahme in der Ölschiefer-Branche in diesem Jahr. Den Aktionären von Concho werden für eine Aktie 1,46 Aktien angeboten, wie ConocoPhillips am Montag mitteilte. Concho Resources kommt so auf eine Unternehmensbewertung von 9,7 Milliarden…
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BENGALURU/HOUSTON: ConocoPhillips on Monday agreed to buy US shale oil producer Concho Resources Inc for US$9.7 billion (RM40.18 billion), as the energy sector continued to consolidate amid lower fuel prices and demand. The low-premium, all-stock deal comes as many US shale companies have been mired in losses due to weak crude prices and, unlike in past downturns, have struggled to raise new capital to restructure heavy debts. The deal swaps 1.46 shares of ConocoPhillips for each Concho share, an about 1.5% premium over its Friday price. Concho shares on Monday morning were up a fraction at US$48.65. They sold for as much as US$93 a share in January before the Covid-19 pandemic cut oil demand and prices. "Size, Scope and scale" has become more important," said Concho chief executive Timothy Leach, who once the deal closes will run the combined company's US production excluding Alaska. "This combination with ConocoPhillips was the best thing for our shareholders." The purchase would propel ConocoPhillips to the ranks of the top producers in the Permian Basin, the prime US oilfield, which stretches from West Texas to southeastern New Mexico.
ConocoPhillips agreed to buy Concho Resources Inc for about US$9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s most prolific oil field. Investors will get 1.46 Conoco shares for each Concho share, the companies said Monday in a statement. The transaction represents a 15% premium over Concho’s closing price on Oct 13, the last trading session before Bloomberg News first reported the companies were in talks
ConocoPhillips (NYSE:COP) agreed to buy Concho Resources Inc. (NYSE:CXO) for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s …
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Concho Resources Inc. (NYSE: CXO) to ConocoPhillips is fair to Concho shareholders. On behalf of Concho shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. If you are a Concho shareholder and would like to discuss your legal rights and options, v