CXO News and Press, Concho Resources Inc. From 11/27/20

The energy sector ([[XLE]] -1.5%) ranks among today's weakest performers but remains on track to finish the week with a more than 8% gain, which places it well ahead of the remaining 10 S&P groups.Key factors driving today's weakness include crude oil pulling back from its highest level i...

Virtusa receives shareholder approval. Virtusa still has outstanding regulatory hurdles to clear. Merger arbitrage cash spreads generate positive returns for the 8th straight week. For further details see: Merger Arbitrage Analysis And Spread Performance - November 22, 2...

Concho Resources has better management. Concho Resources has more profitable acreage. Concho Resources deserves an acquisition at a large premium. ConocoPhillips has higher cost projects that are inferior to the prospects of Concho Resources. Concho is generating sufficien...

NEW YORK, NY / ACCESSWIRE / November 20, 2020 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: Concho Resources Inc. (NYSE:CXO) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sal...

DTE Energy Co. plans to spin off its gas pipeline business, DTE Midstream, into a publicly traded company by mid-2021 through awarding ownership to DTE Energy shareholders in dividends. ConocoPhillips has agreed to buy U.S. shale oil producer Concho Resources for $9.7 billion, or $49....

WeissLaw LLP Reminds CXO, SRAC, and PIC Shareholders About Its Ongoing Investigations PR Newswire NEW YORK, Nov. 17, 2020 NEW YORK , Nov. 17, 2020 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to d...

Navistar Board of Directors get on board with Traton deal. Merger arbitrage spread narrows throughout the week. Merger arbitrage cash spreads continue to generate positive returns. For further details see: Merger Arbitrage Analysis And Spread Performance - November 15, 2...

Texas oil producers trade broadly higher after Republican businessman Jim Wright cruised to a surprisingly easy victory in the Texas Railroad Commission over a Democratic energy lawyer who had sought to put climate change on the state energy regulator's agenda.[[PXD]] +3.5%, [[EOG]] +4.8%, [[...

Shares of ConocoPhillips (NYSE: COP) slumped 12.9% in October, according to data provided by S&P Global Market Intelligence . Weighing on the oil stock was an acquisition and its third-quarter earnings . ConocoPhi...

Midstream companies have largely been positive on upstream consolidations, as the combined entities result in stronger customers, but management commentary on midstream consolidation has varied. As of the end of October, 34 of the 39 dividend-paying names in the Alerian Midstream Ener...