PE News and Press, Parsley Energy Inc. Class A From 10/24/20

Listen on the go! A daily podcast of Wall Street Breakfast's Alpha Talks will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks rallied to finish Friday higher, but were down for the week with earnings unable to shake the market out of its habit of jumping and d...

Another day, another announced M&A deal in North American energy. Operators continue to consolidate in the Permian in particular, a region where stock valuations had contracted to silly levels. Deals were inevitable. Investors in other areas of energy (midstream, services) sho...

A wave of consolidation has washed over the oil sector in the last month. The latest deal came on Tuesday as Pioneer Natural Resources (NYSE: PXD) reached an agreement to buy fellow Permian Basin producer Parsley Energy (NYSE: PE) . That merger ...

NEW YORK, NY / ACCESSWIRE / October 21, 2020 / Halper Sadeh LLP, a global investor rights law firm, is investigating: AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Cov...

Cycle bottom M&A indicate two things to us: 1) High implied decline in PDP resulting in inability to access to capital, and 2) no capital. A flurry of deals have been announced during the last two months, but the most notable one, in our view, was Pioneer buying Parsley. Parsl...

"There's only going to be three or four independents that are investable by shareholders" among energy producers after the recent market rout, Pioneer Natural Resources ([[PXD]] -4.4%) CEO Scott Sheffield tells analysts after his company agreed to buy Parsley Energy ([[PE]] -6.6%) for $4...

Gainers: Sierra Metals (SMTS) +20%. VOC Energy Trust (VOC) +18%. WD-40 (WDFC) +17%. IKONICS (IKNX) +11%. Sibanye Stillwater (SBSW) +10%.Losers: Lithium Americas (LAC) -10%. Westwater Resources (WWR) -9%. Azure Power Global (AZRE) -7%. Empresa ...

As rumored last night, Pioneer Natural Resources (PXD) has agreed to purchase Parsley Energy (PE) in an all-stock deal valued at about $4.5B. Adding debt to be assumed by Pioneer brings the value to $7.6B. The deal price works out to a 7.9% premium to Parsley's closing share price on Oct. 19....

According to Bloomberg, the current merger talks between Pioneer Natural Resources ([[PXD]] -3.9%) and Parsley Energy ([[PE]] +5.0%), will have to reportedly deal with an unusual family dynamic that has raised concerns about a potential conflict of interest.Pioneer Natural Reso...

Earlier this week, energy giant ConocoPhillips announced it was acquiring Permian Basin shale producer Concho Resources for $9.7 billion. Now, Pioneer Natural Resources (NYSE: PXD) , another player in the Permian Basin of West Texas, is in talks to grow its Permian o...