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(Bloomberg) -- Fed-up U.S. shale investors may finally be about to get the industry consolidation they’ve been demanding.Devon Energy Corp. and WPX Energy Inc. are in advanced talks to merge, the Wall Street Journal reported Saturday, with an announcement coming as soon as this week. The combination would create one of the biggest independent shale producers in the country, tying together two companies with sizable operations in the hottest part of the prolific Permian Basin, which straddles West Texas and southeastern New Mexico.U.S. shale company shareholders, frustrated after years of poor returns and missed targets, have long called for the industry to consolidate in order to cut costs, and some have advocated for low- to no-premium deals, just to get them across the finish-line. The plunge in oil prices this year, which has left much of the industry unprofitable, has only added to the impetus for mergers and takeouts, particularly in...
(Bloomberg) -- U.S. equity-index futures began the week with modest gains along with stocks in Asia as investors weighed further signs of recovery in China against more virus outbreaks in some parts of the world.The dollar was steady against most G-10 peers early Monday. S&P 500 futures ticked up after the gauge rose on Friday, while shares opened higher in Tokyo and Seoul. Shares in Australia dipped and the Aussie rose after Westpac Banking Corp.’s influential economist walked back his call for an interest rate cut to November from October. Crude oil slipped. Treasuries were little changed.Global equities remain on course for the first month of losses since March amid mounting signs that the pace of economic recovery will slow with an uptick in global coronavirus cases and a stall in further government aid. Data over the weekend showed profits at China industrial companies grew for a fourth consecutive month in...
In this article we are going to talk about most indebted countries in the world. Click to skip our discussion and jump to the 20 countries with the most debt per capita and the highest debt to GDP ratios in 2020. I have a PhD in financial economics and took PhD level macroeconomics courses. However, […]...
TORONTO, Sept. 27, 2020 /CNW/ - (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") provides an update on the fatal accident which occurred at its Neves-Corvo mine in Portugal on Friday, September 25, 2020....
* Insider buying can be an encouraging signal for potential investors when markets are near all-time highs. * A top semiconductor maker saw a notable insider buy recently. * A couple of chief executive officers picked up some shares last week. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when markets are near all-time highs.Insiders continued to add shares despite market volatility and economic uncertainty. Here are some of the most noteworthy insider purchases reported in the past week.Last week, a 10% owner had indirectly purchased 420,000 Snowflake Inc. (NYSE: SNOW) at its initial public offering price of $120 per share. That totaled $50.4 million.The shares briefly traded at $319 following the IPO but...
(Bloomberg) -- U.S. equity-index futures began the week with modest gains and stocks in Asia were on course to open marginally higher as investors weighed further signs of recovery in China against more virus outbreaks in some parts of the world.Currencies began the week with muted moves, with the dollar steady against most G-10 peers early Monday. S&P 500 futures ticked up after the gauge rose on Friday, when equity-index futures in Japan and Australia edged higher. Crude oil slipped. Global equities are on course for the first month of losses since March amid mounting signs that the pace of economic recovery will slow with an uptick in global coronavirus cases and a stall in further government aid. Data over the weekend showed profits at China industrial companies grew for a fourth consecutive month in August.Here are some key events coming up:The final scheduled round of talks between the U.K. and...
