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 […]