Big Name Investors Take Aim At Beaten-Up Energy Sector
If their hunches that companies have been oversold, and are now trading at prices that imply a calamity that will not come then the energy sector could be one of the big winners in 2020 and in the years to come.
Saudi Aramco Prices Shares At Top Of Range In World’s Biggest IPO
Aramco priced its IPO at 32 riyals (US$8.53) per share, the top of its indicative range, the company said in a statement.
Chesapeake Arranges For Loan Up To $1.5 Billion, Shares Rise
The lenders arranging the secured first lien, last out 4.5-year term loan facility are JPMorgan Chase Bank, Morgan Stanley Bank, Bank of America and MUFG Bank, the Oklahoma City-based company said Dec. 4.
Forty Under 40: Ryan London, Tap Rock Resources
Today’s featured Forty Under 40 honoree is Ryan London, who built Tap Rock Resources from three employees to more than 40 and has established a two-rig drilling program in the Delaware Basin.
The Latest
Investment
Big Name Investors Take Aim At Beaten-Up Energy Sector
If their hunches that companies have been oversold, and are now trading at prices that imply a calamity that will not come then the energy sector could be one of the big winners in 2020 and in the years to come.
Business
Halliburton Lays Off 70 Employees At Bakersfield Plant In California
Halliburton Co. is laying off employees at its Bakersfield plant in California in its latest round of job cuts this year, as the U.S. oilfield services firm struggles with falling profits amid slowing oil and gas activity.
Business
A Going-But-Not-Gone Concern
The hint of the once-proud natural gas giant defaulting and potentially being sucked into a swirling vortex of bankruptcy prompted analysts to shout “Sell!” and investors to rapidly jump ship.
Business
Harvest Oil & Gas To Buy Back $5 Million Of Shares
Harvest Oil & Gas Corp. said Dec. 5 that its board of directors has approved a share repurchase program under which Harvest is authorized to repurchase up to $5 million of its outstanding common stock.
People
Providence Resources CEO Tony O’Reilly Steps Down
Providence Resources Plc, the Irish-based energy company, said Dec. 6 that Tony O’Reilly has stepped down from the position of CEO and has resigned from the Board (and all subsidiaries) with immediate effect.
People
Forty Under 40: Justin Love, Blackbuck Resources
Today’s featured Forty Under 40 honoree is Justin Love, who founded Blackbuck Resources, a midstream water solutions firm that designs, builds and operates water infrastructure in Texas and New Mexico.
Business
Saudi Aramco Prices Shares At Top Of Range In World’s Biggest IPO
Aramco priced its IPO at 32 riyals (US$8.53) per share, the top of its indicative range, the company said in a statement.
Earnings
Kinder Morgan Expects Earnings To Decline In 2020
Pipeline operator Kinder Morgan Inc. on Dec. 5 said it expects core earnings to decline next year as it increases its dividend and uses proceeds from asset sales to pay down debt.
Company Profiles
Key Players: Shale Growth Slows For Top US Operators
Second-half 2019 results show glimmer of hope for a promising 2020. This section profiles 43 major U.S. shale players operating in the Permian, Eagle Ford, Rockies, Midcontinent and Appalachia and covers their latest 2019 production results and 2020 forecasts.
People
Forty Under 40: Matt Loreman, Development Capital Resources
Today’s featured Forty Under 40 honoree is Matt Loreman, who leads a team in Houston that sources, negotiates and manages JVs for DCR, an oil and gas platform he co-founded.