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AUSTIN, Texas , Nov. 5, 2019 /PRNewswire/ -- Parsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced financial and operating results for the quarter ended September 30, 2019. The Company has posted a presentation to its website that supplements...
Parsley Energy ( PE ) issued stock as much as any other Permian based company. For a long time, the Permian was "the place to be". Therefore, stock prices were relatively high and Parsley took maximum advantage of that price by issuing shares whenever possible. Those issuances paid for more le...
Energy stocks dropped alongside declining oil price, decoupled and never really recovered as oil price went up, and it has been free falling for some time. Energy equities represent less than 5% of S&P 500 from 10% 5 years ago and even higher before then. Energy stocks trade below when WTI...
The oil industry has been getting pummeled for a year now. Many oil stocks are down 50% to 70%. Recency bias is preventing more investors from making a real analysis of the value of these companies. Have no doubt about it, some oil stock prices will never recover. More oil companies will go ...
Merger activity increased last week with two new deal announced and one deal closing. Deal Statistics: New Deals: The acquisition of Jagged Peak Energy ( JAG ) by Parsley Energy ( PE ) for $2.27 billion in an all stock deal. Under the terms of the agreement, Jagged Peak sharehol...
Parsley Energy ( PE ), the Permian Basin focused oil producer, has recently agreed to buy smaller shale driller Jagged Peak Energy ( JAG ) in all-stock deal valued at $2.27 billion. The merger will give Parsley Energy the scale advantage as it significantly expands its footprint in the Per...
As can be expected in such a pessimistic investment environment, companies in the oil and gas space are working hard to create value, even if that means engaging in M&A activity in the process. By combining, the hope is to create larger, more efficient, and more profitable entities that ca...
Oil stocks have been terrible investments in recent years. Over the last three years, the average U.S. oil producer (as measured by the iShares US Oil & Gas E&P ETF ) has produced a total return of negative 17%. That decline came even though the U.S. oil benchmark price has rebounded ...
PE stock is up 5% today after Parsley Energy Inc (NYSE:PE) announced it would acquire Jagged Peak Energy Inc (NYSE:JAG) in an all-stock merger worth approximately $2.27 billion USD. The deal will see the Austin, Texas-based energy firm take on Jagged Peak’s net debt of appro...
Major benchmarks eased lower on Monday, although moves were generally small. Investors seemed reluctant to make big commitments in quiet holiday trading, instead hoping that they'll be able to figure out just what Chinese trade officials want in exchange for a potential short-term deal. Even wit...
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Vancouver, British Columbia--(Newsfile Corp. - July 2, 2024) - Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) ("Pure Energy" or "the Company") is pleased to report progress at the Clayton Valley lithium brine project ("CV Project") located in Esmeralda County, Nevada. Pure Energy entered i...
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2024) - Pure Energy Minerals Ltd. (TSXV: PE; OTCQB: PEMIF) ("Pure Energy" or "the Company") announces the voting results from its Annual General Meeting of Shareholders (the " Meeting "), held on June 5, 2024. Shareholders voted in favour...
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2024) - Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) ("Pure Energy" or "the Company") will hold its Annual General Meeting in-person in Vancouver, BC, Canada, on June 5, 2024 at 10:00 a.m. Pacific time at Suite 2110, 650 West Georgia...