When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
MR - Southwestern Montage Combination Creates Bargain Priced Gassy Player
Montage Resources Corporation
Southwestern Energy and Montage Resources are merging, with the deal expected to close next week.
The combined company is now expected to generate significant free cash flow next year.
The combined company is trading below where it was at the time of the announcement in August despite ongoing improvement in the natural gas macro (and in natural gas prices).
The company trades at a substantial discount to its gassy peer group. Some of those names carry riskier balance sheets than the combined company.