WPX News and Press, WPX Energy Inc. From 12/28/19

2019 has been yet another challenging year for oil & gas companies, with S&P Oil & Gas Exploration & Production ETF ( XOP ) down -9% year-to-date and an astonishing -70% from its peak in 2014, which is a stark contrast to major equity indices breaking to ever higher highs. From...

Mergers Three Days in a Row We are now well over $100 billion in the last six weeks in announced M&A. Talking heads still haven’t caught on that we are witnessing a significant acceleration in acquisitions. Peugeot Fiat Chrysler (FCAU) agrees to a $50 billion dollar deal, whi...

Oil companies have a spotty history as dividend stocks . The sector was once an excellent place for income-seeking investors to get above-average yields. However, when oil prices fell off their triple-digit perch a few years ago, it took many of the sector's dividends down with it. The industr...

Shares of WPX Energy (NYSE: WPX) rallied more than 10% by 2 p.m. EST on Monday. Fueling the energy stock was its plan to acquire privately held Felix Energy as well as initiate a dividend . WPX Energy sealed a deal to buy Felix Energy from the private equity company that founded it for ...

"I cannot hate thee worser than I do..." - William Shakespeare, Antony and Cleopatra I know, right? What better way to start out an article on a review of the E&P sector than by referencing a quote from Shakespeare? I can see many readers already shaking their heads: "Worser" is not ev...

The deal, expected to close early in the second quarter of 2020, consists of $900M in cash (funded through issuance of senior notes on an opportunistic basis) and $1.6B in WPX stock. More news on: WPX Energy, Inc., Merger & acquisition news, Energy stocks news, Read more ...

Initiating Dividend in Conjunction With Accretive Felix Acquisition Transaction is accretive on all important metrics: EPS, CFPS, FCF per share, ROCE and NAV Felix production stream of 70% oil enhances WPX’s margins and oily inventory De-risked acquisition creates ...

2019 Was Good for Mergers; 2020 Will Be a Lot Better 2019 is the sixth best year in the last 20 for M&A. I can only reflect that to my mind the pace is accelerating, and that has been the inspiration for this set of articles. I expect that 2020 will accelerate even further, for the rea...

"A 60:40 allocation to passive long-only equities and bonds has been a great proposition for the last 35 years… We are profoundly worried that this could be a risky allocation over the next 10." - Sanford C. Bernstein & Company Analysts (January 2017) "Bull markets are born...

Devon Energy ( DVN +0.8% ) and Hess ( HES -0.2% ) are upgraded at J.P. Morgan as part of the firm's 2020 outlook on the oil and gas exploration and production sector. More news on: Devon Energy Corporation, Hess Corporation, Vermilion Energy Inc., Energy stocks news, News on ETFs, ...