Hints and tips:
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...Chesapeake Energy has agreed to buy Southwestern Energy in a $7.4bn all-share deal that will create the biggest US natural gas producer as a wave of merger and acquisition activity continues to sweep across...
...Energy bankers Muhammad Laghari and Alexander Burpee will also join Moelis in Houston as managing directors from Guggenheim....
...US natural gas companies Chesapeake Energy and Southwestern Energy are closing in on a merger deal that would create the biggest single producer in the country with a combined market value of about $17bn...
...As chief executive, he oversaw the $54bn acquisition of BG Group, set Shell’s first climate targets and pushed the FTSE 100 group further into new areas such as biofuels, hydrogen and renewable power....
...They’re trying to free up capital now, to be able to be ready to make some acquisitions of the banks that need help,” he said....
...This raises the question: why would Universal, a publicly traded company with a market value of some $50bn, partner up with a former energy trader to bankroll its acquisitions?...
...Most of the deals were in the energy, tech and financial sectors, according to data from the London Stock Exchange Group....
...Pressure on yields has also been exacerbated by a dearth of big mergers and acquisitions since the Fed began raising rates....
...Last week, Kutay led a $16.5bn acquisition of Catalent. Novo Nordisk paid Novo Holding $11bn to take on three Catalent sites, tackling its supply headache. Now, Kutay is looking for more big deals....
...Hulu’s future has been in limbo since 2019, when Disney lifted its stake in the company to 67 per cent through its blockbuster acquisition of 21st Century Fox....
...But by hitching the company to Oneok, a fellow Oklahoma-based pipeline company that primarily ships natural gas and natural gas liquids, it would create a “more powerful growth engine” with more room to...
KKR and Macquarie walk away after Li Ka-shing group decided inflation had increased the electricity distributor’s value
...After this week’s Magellan vote, Energy Income Partners said it was disappointed....
...Jamal Hagler, the AIC’s vice-president of research, cites investments in new energy or energy transition infrastructure....
...Last month Oklahoma-based Mach Natural Resources became the latest producer to unveil IPO plans....
...Energy Transfer’s growth has already been boosted by acquisitions: it announced the purchase of Permian Basin operator Lotus Midstream for $1.5bn in March, and in 2021 it snapped up Enable Midstream Partners...
...at Oklahoma State University....
...Italy’s Eni has agreed to acquire private equity-backed Neptune Energy for $4.9bn in the largest cash deal in the European oil and gas sector for almost a decade....
...This is, at least in part, because money will flow into the energy transition. “There are huge structural tailwinds,” Lucas said....
...That continued into this year with CVC netting more than three times its money on the $4.9bn sale of oil platform Neptune Energy last month....
...News round-up Energy Transfer to buy Crestwood for $7.1bn in latest US pipeline deal (FT) ArcelorMittal weighs possible bid for US Steel (Reuters) China thwarts Intel’s $5.4bn Israeli chipmaker purchase...
...That makes acquisitions one of few remaining paths to growth....
...A break-up of the firm would represent the biggest overhaul in the accounting profession since the collapse of the US energy company Enron, which put its auditor Arthur Andersen out of business and led other...
...turned the US into the world’s biggest producer of both oil and gas, has begun to fade as Wall Street demands operators focus on shareholder returns over endless drilling campaigns, making mergers and acquisitions...
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