Petroteq Energy Inc. Announces Upsize of Non-Brokered Private Placement and Amendment to Warrant Terms
October 11, 2022
SHERMAN OAKS , CA – ( NewMediaWire ) – October 11, 2022 – Petroteq Energy Inc. (” Petroteq…
Suncor Energy to Hold Investor Presentation in Toronto, Ontario
October 11, 2022
Calgary, Alberta–(Newsfile Corp. – October 11, 2022) – Suncor (TSX: SU) (NYSE: SU) will hold …
Earthstone announces share repurchase
October 11, 2022
Oil and Gas 360 THE WOODLANDS, Texas, Oct. 11, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “our” or “we”), announced today that it has purchased 3,000,000 shares of Earthstone’s Class A Common Stock for a total purchase price of approximately $44 million (the “Share Repurchase”) from certain affiliates of Warburg Pincus, LLC (“Warburg Pincus”). Separately and concurrently with
Diamondback Energy, Inc. announces Midland Basin acquisition
October 11, 2022
Oil and Gas 360 MIDLAND, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy LLC (“FireBird”) in exchange for 5.86 million shares of Diamondback common stock and $775 million of cash. The cash portion of this transaction is expected
Has OPEC+ dictated the outcome of the U.S. mid-term elections?
October 11, 2022
Oil Price After months of constant criticism mainly by Republican politicians of adopting government policies that have triggered runaway inflation and skyrocketing fuel prices, President Biden in March announced an unprecedented release of 180 million barrels of crude oil from the Strategic Petroleum Reserve. It was only the third time that a presidentially-directed emergency release had occurred in the history of
JP Morgan’s CEO urges U.S. oil and gas drillers to raise production
October 11, 2022
Oil Price Jamie Dimon, the chief executive of JP Morgan, called on the U.S. oil industry to boost crude production to make up for OPEC+ cuts that could cause a severe shortage in the global oil market. “In my view, America should have been pumping more oil and gas and it should have been supported,” Dimon told CNBC, adding “America needs to
Biden is re-evaluating relations with Saudi Arabia following the OPEC+ cut
October 11, 2022
Oil Price U.S. President Joe Biden is re-evaluating the United States’ relationship with OPEC’s de facto leader Saudi Arabia after the Kingdom led the OPEC+ group to announce a major oil production cut last week, John Kirby, the coordinator for strategic communications at the U.S. National Security Council, said on Tuesday. In an interview with CNN quoted by Reuters, Kirby said
3 Energy Stocks to Buy on the Dip
October 11, 2022
Energy stocks have dipped along with the rest of the market as recession fears increase. Howe…
U.S. shale producer EOG pays $847 mln to settle third-quarter hedges
October 11, 2022
US News Shale oil and gas producer EOG Resources Inc paid $847 million during the third quarter to settle wrong-way bets on energy prices, the company said in a regulatory filing on Tuesday. Russia’s invasion of Ukraine sent energy prices soaring since February, although they cooled off from decade highs towards the end of September. U.S. crude oil averaged
OPEC+ cut draws hedge funds back into the oil market: Kemp
October 11, 2022
Nasdaq LONDON- Portfolio investors were encouraged to return to the oil market early last week by the prospect of production cuts by OPEC and its allies, which offset some bearishness induced by the prospect of an imminent recession. Hedge funds and other money managers purchased the equivalent of 62 million barrels in the six most important petroleum futures and
3 Oil Stocks to Buy After OPEC’s Move
October 11, 2022
This year’s oil stock prices have fluctuated. Brent oil, the world benchmark, was …
3 Oil Stocks to Buy After OPEC’s Move
October 11, 2022
This year’s oil stock prices have fluctuated. Brent oil, the world benchmark, was …
