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Summary As oil and gas companies have shifted from survival to cash generation mode, their capital return strategies have come into focus. Some U.S. independents prioritize buybacks while others rely on dividends; few companies employ a mix of both strategies. I explore if there is ...
Summary A low decline cash flow was the first priority. Now organic growth will likely be pursued. The deferred maintenance on acquired properties will be a priority on the way to optimizing operating costs. The emphasis of buying from distressed sellers means buying production ...
Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities ...
Crescent Energy ( NYSE: CRGY ) -5.5% in Wednesday's trading after Bank of America downgraded shares to Underperform from Neutral with a $14 price target, seeing few catalysts to support further upside beyond a call on oil prices or possibly accretive acquisitions. BofA's John Abbo...
Crescent Energy ( NYSE: CRGY ) shares fell 8% Wednesday morning after it announced a private placement of $400M of senior notes due 2028 by its indirect subsidiary Crescent Energy Finance. The notes will be guaranteed on a senior unsecured basis by all of the issuer's subsidia...
Crescent Energy Company (NYSE: CRGY) (“we” or “our”) announced today that, subject to market conditions, its indirect subsidiary Crescent Energy Finance LLC (the “Issuer”) intends to offer for sale in a private placement pursuant to Rule 144A and Regulati...
Summary U.S. Energy recently exchanged stock to outsiders who now control 80% of the voting shares after the sale. This transition has been underway since before 2019 when the new board was appointed. The major transformative acquisition allows an acquisition strategy to grow. M...
Summary It is hard to understate the relative safety of a new issue that goes public when "no one else goes public". Management has built and sold companies before. The emphasis the Midland Basin appears to have backing from more established operators. The finance strategy appea...
Summary The company recently repurchased shares from a secondary offering. The repurchase reduces the need to find buyers for the additional public float. The time of post offering share weakness is likely to be smaller. Share repurchases also aid per share earnings growth. Ofte...
Crescent Energy Company (NYSE: CRGY), ("Crescent" or the "Company"), today announced that representatives of the Company will be participating in the BofA Leveraged Finance Conference in Boca Raton, Florida on November 29, 2022. The accompanying slide presentation will be available ...
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Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced that leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), recommend that Crescent ...
Crescent Energy Company (NYSE: CRGY) (“Crescent”) and SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow”) jointly announced today that, in connection with Crescent’s pending acquisition of SilverBow (the “Transaction”), the deadline for holders of...
2024-07-10 15:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...