Previous 10 | Next 10 |
This morning, COP announced it had agreed with Concho on an all-stock bid for CXO valued at a reported $9.7 billion. Including debt, the total price tag was an estimated $13.3 billion, roughly what COP received for selling the majority of its oil sands production to Cenovus back in 20...
The management team at ConocoPhillips announced plans to buy Concho Resources in a deal valued at $9.7 billion. This move is expected to generate significant synergies and will leave a massive pure-play company where they operate today. In all, this looks like a solid buy on the p...
ConocoPhillips announced a large deal, acquiring Concho in a $12-billion transaction. The deal is large, especially if we take into account the lower valuations across the industry, after energy names have seen tough operating conditions in recent years. I like the deal from a str...
A slow burn merger mania is sweeping the mid cap upstream space. Parsley Energy is a cash flow generation machine with a strong balance sheet. Parsley Energy is a low cost producer with a large footprint and as such is a natural Permian target. For further details see: P...
ConocoPhillips is buying Concho Resources in an acquisition valued $9.7 billion, expected to close 1Q21. Concho’s current market capitalization is $9.3 billion. In March 2018 Concho itself paid $9.5 billion for RSP Permian. At year-end 2019, Concho’s reserves had an SEC ...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Gap narrows on stimulusHouse Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin appear to be making progress in their latest coronavirus stimulus t...
The S&P 500 Index (SNPINDEX: ^GSPC) closed down 57 points, or 1.6% on Oct. 19, falling sharply in afternoon trading on growing worries about the wave of COVID-19 cases around the world, coupled with the increasing likelihood that Congress and the White House won't reach a deal f...
Demand destruction and low oil prices have led to more acquisitions in the oil and gas space. The ConocoPhillips purchase of Concho Resources is one of the biggest positive shale movements of late. Headwinds in the form of the coronavirus' trajectory and economic impact make deals...
Over the past few years, ConocoPhillips (NYSE: COP) has repeatedly said that it's not interested in large mergers . That's because big corporate transactions usually require large premiums , which eat into investment returns. Given the oil com...
The Permian Basin is about to get a new heavyweight player as the rumors of ConocoPhilips (NYSE: COP) buying Concho Resources (NYSE: CXO) proved true. The oil giant announced today that it has agreed to acquire its rival for about $9.7 billion, or a 15% premium. The ...
News, Short Squeeze, Breakout and More Instantly...
Image source: The Motley Fool. Concho Resources Inc (NYSE: CXO) Q4 2020 Earnings Call Feb 2, 2021 , 12:00 p.m. ET Operator Continue reading For further details see: Concho Resources Inc (CXO) Q4 2020 Earnings Call Transcript
Trimble Set to Join S&P 500; YETI Holdings to Join S&P MidCap 400; Hilltop Holdings to Join S&P SmallCap 600 Trimble Set to Join S&P 500; YETI Holdings to Join S&P MidCap 400; Hilltop Holdings to Join S&P SmallCap 600 PR Newswire NEW YORK ...
Oil prices started 2021 off with a bang, rallying nearly 8% during the first week of the year, thanks to some unexpected additional support from Saudi Arabia. That pushed crude above $50 a barrel for the first time since last February. While all oil companies will benefit from higher oil ...