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Wednesday, November 13, 2019
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Commodity company and market news.

The U.S. Energy Information Administration (EIA) released its weekly report showing higher crude oil prices, but lower crude inventories. Crude oil supplies fell by 8.6 million barrels last week. While the drop was surprising to some, the numbers are still higher than the month-to-month five-year average. It...
Pan American Silver Corp. (NASDAQ: PAAS) announced on November 14 that it has entered into a definitive with Tahoe Resources Inc. (NYSE: TAHO) under which Pan American will acquire Tahoe in a cash and stock deal worth approximately $1 billion. Tahoe shareholders may receive $3.40 in cash...
An oil pump, credit: wikimedia commonsEncana Corporation (NYSE: ECA) and Newfield Exploration Company (NYSE: NFX) revealed on November 1 that they have entered into a definitive agreement under which Encana will acquire Newfield in an all-stock deal worth approximately $5.5 billion. This...
Antero Midstream GP LP (NYSE: AMGP) announced on October 9 its plans to acquire Antero Midstream Partners (NYSE: AM) in a deal worth $3b. Morgan Stanley/Tudor Pickering, along with Goldman Sachs, will act as financial advisors for AMGP. Paul Rady, Chairman and CEO of Antero Resources and...
Key Energy Services, Inc. (NYSE: KEG) announced on September 24 an all-stock merger with Basic Energy Services, Inc. (NYSE: BAS) as part of a deal worth approximately $500 million. Key Energy Services believes this merger would generate incredible cost synergies including estimated annual run rate synergies of...
On March 22, 2018, Starboard and Scopia reached an agreement with Forest City to a standstill provided the company appoint Starboard's nominee as well as Scopia's five nominees to the board of directors. The company had rejected a proposed...
Enbridge Inc (NYSE: ENB) announced on August 24 its plans to purchase all outstanding shares of Spectra Energy Partners LP (NYSE: SEP) in a transaction valued at $2.8b. This deal will give Spectra investors 1.11 shares of Enbridge stock for every share of Spectra that they...
Diamondback Energy Inc (Nasdaq: FANG) and Energen Corporation (NYSE: EGN) announced on August 14 that they had entered a definitive agreement which will see Diamondback acquiring Energen in a transaction worth $9.2b. The deal will be funded completely with stock and includes EnergenÕs $830 million debt. This...
Gebr Knauf announced on June 11 that it will acquire USG Corp (NYSE: USG) in a $7 billion deal. The deal is expected to close in early 2019. USG shareholders will receive $43.50 in cash along with a $0.50 special dividend per share once the deal is...