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The Canadian-based investment group, Power Energy Corp, has expanded into the U.S. solar market by acquiring Nautilus Solar, a U.S. company headquartered in New Jersey. This past week, Power Energy Corp took full control of the American solar energy provider. The acquisition is one...
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...
Denbury Resources Inc. (NYSE: DNR) announced on October 28 that it will acquire Penn Virginia Corporation (NASDAQ: PVAC) in a deal worth approximately $1.8 billion. Penn Virginia shareholders will receive 12.4 shares of Denbury common stock and $25.86 of cash per share of Penn Virginia common stock...
An oil pump, credit: wikimedia commons Chesapeake Energy Corporation (NYSE: CHK) announced on October 30 that it has agreed to acquire WildHorse Resource Development Corp. (NYSE: WRD) in a cash and stock deal worth approximately $3.9 billion. The deal is expected to close...
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...
A pile of coal, credit: wikimedia commons ValueAct announced their stake in power producer AES in January 2018. Along with the equity holdings the Jeffrey Ubben will take a board seat and serve on the board's finance and compensation committees. Ubben has...
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...
Earth Day is Monday, April 22 and with that in mind, the National Association of Realtors (NAR) has just released its REALTORS and Sustainability 2019 Report. The report highlights consumer preference about environmental sustainability features in real estate. NAR has previously pledged a...
Eavor Technologies, a Canadian geothermal startup, announced a $40 million funding round this week, and big oil is getting onboard. Chevron’s Technology Ventures and BP Ventures are some of the startup's backers as oil corporations increase their renewable energy space investments. Eavor said it...
U.S. crude stocks climbed to their highest levels since September 2017 on Wednesday, owing to record-high production. Crude inventories in the U.S. rose to just over 470 million barrels. Last week, U.S. crude inventories surpassed expectation when the supply increased by 9.9 million barrels....