Cowen & Co.
Cowen and Co., the broker-dealer business of Cowen Inc. (NASDAQ: COWN), provides industry-focused investment banking for growth-oriented companies, domain knowledge-driven research services and a robust sales and trading platform to companies and institutional investor clients. Sectors of focus for the business include healthcare, technology, consumer, industrials, aerospace and defense and energy. Founded in 1918, Cowen is headquartered in New York and has offices worldwide.
New York City, NY
Public E&P focus has shifted to the sustainability of free cash payouts from ESG and climate concerns, as well as traditionally poor returns of/on capital.
Diamondback, Marathon Oil and Devon have dominated second-half M&A thanks to higher EBITDA multiples and yields than smaller E&P competitors can offer.
According to Baker Hughes, the U.S. oil rig count rose nine to 622 during the week of Nov. 11, while the gas rig count remained steady at 155.
Also in this week’s A&D Minute: BP’s acquisition of Houston-based Archaea Energy plus a $1.6 billion reminder that even one of the Permian Basin’s largest independents is constantly on the lookout for dealmaking.
The deal adds inventory to Diamondback Energy—the second largest oil producer in Texas—that compares in quality to the company’s prodigious Spanish Trail acreage, analysts said.
Flush with free cash, largely undervalued and riding a steady wave of high commodity prices, U.S. E&Ps are poised to punctuate second-quarter earnings with stock buybacks. Here’s what else to look for this earnings season.
Morgan Stanley analysts said about 30% of the E&P companies they cover have increased capex to address inflationary pressures from service providers and raw materials.
E&Ps are working hard on capital discipline, which has translated largely into shedding billions in debt as they lay the foundation for shareholder returns.
U.S. oil rigs rose two to 387 this week, while gas rigs held steady at 103, Baker Hughes data show.
Permian consolidation continues and Eagle Ford operators have marked their territories. What’s property going for these days in each play? And when will new-capital taps begin to flow?
E&P executives find themselves under fire for pocketing large bonus payouts in recent years while shareholder equity values tanked, but blame it on a broken incentive model. Now, the rules are being rewritten for how executives are rewarded.
The oil and gas rig count, an early indicator of future output, rose 8 to 346 in the week to Dec. 18, the highest since May, energy services firm Baker Hughes said in its closely followed report.
A blank-check company backed by private equity firm Apollo Global Management Inc. is looking to raise $250 million in a U.S. IPO, the company said on Nov. 23.
The oil and gas rig count, an early indicator of future output, rose six to 261 in the week to Sep. 25, energy services firm Baker Hughes said in its closely followed report.
U.S. drillers added oil and gas rigs for the second time in three weeks as a recent increase in energy prices from coronavirus-linked lows prompted some to return to the wellpad.