Thursday, November 28, 2024

Callon Petroleum Tacks on Permian Basin Acreage

Update: Pricing Announced Callon Petroleum (ticker: CPE) upsized its stock offering one day after its original announcement, increasing the total to 12.0 million shares with a greenshoe of 1.8 million additional shares. The first round of stock offerings is expected to yield gross proceeds of approximately $100.8 million. Taking those metrics into account, the greenshoe would boost the gross proceeds to

Apache Corp. Rejects $18 Billion Takeover Bid: Bloomberg

Latest action from energy M&A front line Apache Corporation (ticker: APA) rejected an unsolicited bid of $18 billion over the weekend, according to a report from Bloomberg. Apache has not commented on the report, but the company is said to be working with Goldman Sachs Group Inc. on a defense strategy. The development is the latest chapter in an energy