CRZO News and Press, Carrizo Oil & Gas Inc. From 08/07/19

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced the Company’s financial results for the second quarter of 2019 and provided an operational update. Highlights include: Second Quarter 2019 Highlights Total production of 65,643 Boe/d, 15% above the second quarter ...

Merger activity decreased last week with three new deals announced and ten pending deals closing. Deal Statistics: New Deals: The acquisition of Genomic Health ([[GHDX]]) by Exact Sciences Corporation ([[EXAS]]) for $2.8 billion in a cash-plus-stock deal. Under the terms of the ...

Energy stocks ( XLE -2.5% ) are slammed after Pres. Trump tweets he will place an additional 10% tariff on the remaining $300B of Chinese goods and products effective Sept. 1, sparking more worries about a global economic slowdown. More news on: Energy Select Sector SPDR ETF, Concho ...

The last time we left our intrepid MOTR (Middle Of The Road) Club members, they had just reported 4Q numbers that were equivalent to a dead skunk. While that might have seemed like it was bad enough, in 1H of ’19 the E&P sector encountered yet another obstacle, this one the equivale...

Why do I write? The easy answer is that I enjoy sharing what I am thinking. The real goad was my observation that so many market commentators practice major CYA. Yes, the purpose of the journalist is to present the facts without drawing a conclusion and allowing the consumer to draw their ...

Matador Resources ( MTDR +1.7% ) is on the rise after Stephens upgrades shares to Overweight from Equal Weight with a $24 price target, saying MTDR offers exposure to the Delaware Basin with a "compelling rate of change story" and a line of sight to free cash flow in 2021 forward. More n...

Merger activity increased last week with four new deals announced and one pending deal closing. Deal Statistics: New Deals: The acquisition of Carrizo Oil & Gas ( CRZO ) by Callon Petroleum Company ( CPE ) for $3.2 billion in an all stock deal. Under the terms of the agreeme...

Image Source: Callon Petroleum Company – IR Presentation By Callum Turcan Two small upstream players are merging to form a midsized E&P company with operations centered around the Permian Basin in West Texas and the Eagle Ford play down in South Texas. Callon Petroleum C...

Callon Petroleum ( CPE ) is acquiring its rival shale oil producer Carrizo Oil & Gas ( CRZO ) in an all-stock deal which could give it the scale advantage and push the company to free cash flows. But unlike some of the other deals, this merger will result in limited synergies and cost ...

Midstream stocks, and MLPs in particular, held up ok this week, all things considered. This week saw a combination of negative macro forces converge to crush energy stocks more broadly. The Oil & Gas E&P ETF [[XOP]] dropped 7.6% this week, in line with the drop in oil prices. The S&...