NYSE – Oil & Gas 360

TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S.

May 1, 2024

World Oil (Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ greater enthusiasm for oil and gas companies. The French energy giant is considering the switch “in part because ESG policies in Europe have more weight,” Chief Executive Officer Patrick Pouyanne

U.S.-listed international oil and gas companies benefit from “friendlier” investor base, former Shell CEO says

April 9, 2024

World Oil (Bloomberg) – International oil companies listed in the U.S. benefit from higher multiples, greater access to capital and a friendlier investor base, according to Shell Plc’s former chief executive officer. “It’s a major issue,” Ben van Beurden said when discussing the valuation gap between European and North American oil and gas players at the FT Commodities Global Summit

Individual investors are a ‘big part’ of the market over last few months, NYSE president says

July 24, 2020

CNBC NYSE President Stacey Cunningham said Friday that individual investors have participated in a big way during the market’s record rally that’s seen the S&P 500 jump 48% from its March 23 low. “The retail investor has been a big part of the market over the past several months for a variety of reasons,” Cunningham said on CNBC’s “Squawk Box.” She pointed

Occidental Announces -Andrew Gould Elected to Occidental Board of Directors Oil & Gas 360

Occidental Closes on Anadarko

August 8, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Occidental Petroleum completes its $55 billion takeover of Anadarko Petroleum Occidental Petroleum Corporation (stock ticker: OXY), led by President and CEO Vicki Hollub, has completed its acquisition of Anadarko Petroleum Corporation (stock ticker: APC) in a deal worth $55 billion, including the assumption of Anadarko’s debt. The closing of the transaction

Borr Drilling Awarded Contract by Pemex

August 6, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Borr Drilling is awarded its fourth Mexican contract in less than nine months Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has been awarded a contract by Petróleos Mexicanos (Pemex) for the employment of a jack-up drilling rig. Previously, the company has entered into two other similar

PermRock Royalty Trust Prepares IPO

April 23, 2018

PermRock Royalty Trust will soon launch its initial public offering of 6,250,000 trust units, representing approximately 51.4% beneficial interest in the trust. The initial offering price is expected to be between $19.00 and $21.00 per unit. Boaz Energy II, LLC is the sponsor of the trust and will be selling the units being offered. Additionally, Boaz intends to grant the

LINN Energy: Executive Departures and New Leadership

April 20, 2018

LINN Energy, Inc. (ticker: LNGG) has updated its plan to spinoff into three companies, and has provided more detail as to who will lead the branched-off companies. Riviera Resources formed, OTC ticker RVRA LINN Energy’s board has formed Riviera Resources, LLC. Riviera will hold the upstream assets in Hugoton, Michigan/Illinois, Arkoma, East Texas, North Louisiana, and Drunkards Wash, as well

Stone Energy Nets $382 Million in 2017, Merger with Talos Continues

March 12, 2018

Stone Energy Corporation (ticker: SGY) reported a net income of $17.1 million, or $0.85 per share for Q4 2017. For the full year of 2017, the company reported a net income of approximately $382.7 million. Net daily production during the fourth quarter of 2017 averaged approximately 17.6 MBOEPD, compared to net daily production of approximately 19.2 MBOEPD for Q3 2017.

Liberty Oilfield Services Goes Public with a Bang: Up 28% First Day on NYSE

January 12, 2018

Liberty Oilfield Services Inc. (ticker: LBRT) announced the pricing of an upsized initial public offering of 12,731,092 shares of its Class A common stock at $17.00 per share early on Jan. 12. The shares opened trading on the NYSE today at $21.20. By midday shares of Liberty were trading at almost a 28% premium. In addition, Liberty and the selling

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