Oil & Gas
CPE Stock Makes Gains After Completing Long-Delayed Carrizo Merger
CPE stock has been gaining throughout December after Callon Petroleum (NYSE:CPE) completed its long-delayed merger with rival firm Carrizo Oil & Gas (NASDAQ:CRZO). CPE Stock Hit Seven-Year Low Due to Investor Opposition The merger of ... [Read]
Oil & Gas
PEIX Stock Soars 20% on Successful Negotiation with Lenders
PEIX stock is one of the biggest gainers in Tuesday’s trading session after Pacific Ethanol Inc (NASDAQ:PEIX) negotiated terms with lenders for the extension of its debt. Immediate Relief In a development that must have ... [Read]
Oil & Gas
MDR Stock Gains as Company Gains Access to $250 Million in Financing
MDR stock is soaring today after troubled energy engineering firm McDermott International (NYSE:MDR) announced that it had gained access to the second tranche of the $1.7 billion secured credit facility announced on October 21, 2019. MDR ... [Read]
Oil & Gas
DNR Stock Falls Below $1 Mark: Should You Be Nervous?
The oil industry has experienced a lot of turmoil this year so far, and the massive fluctuations in oil prices have had an adverse impact on many energy companies. One of the energy companies that ... [Read]
Oil & Gas
CHK Stock Down 70% This Year: Will It Recover in 2020?
The natural gas sector has had a fairly impressive year so far but the same cannot be said about Chesapeake Energy Corporation (NYSE:CHK). The company has gone through its fair share of troubles, and CHK ... [Read]
Oil & Gas
CPE Stock Drops as Paulson Green Lights Revised Carrizo Deal
CPE stock is in the red on Monday after Callon Petroleum’s (NSYE:CPE) third-largest shareholder, Paulson & Co, announced it would not oppose the company’s takeover of smaller rival Carrizo Oil & Gas (NASDAQ:CRZO) based on ... [Read]
Oil & Gas
CPE Stock Gains Following Reduced Takeover Deal of Carrizo
CPE stock is in the green on Friday after Callon Petroleum (NYSE:CPE) slashed its takeover deal of Carrizo Oil & Gas (NASDAQ:CRZO) in a last-ditch attempt to get the takeover over the line. CPE Stock ... [Read]
Oil & Gas
CHK Stock Slumps 50% Since Earnings: What to Expect Now?
The year has proven to be a volatile one for energy companies and their stocks, but the situation with CHK stock in recent days has been particularly brutal. Over the course of the past few ... [Read]
Oil & Gas
MDR Stock Plunges on Higher Q3 Losses, CFO Resigns
MDR stock slumped after McDermott International Inc (NYSE:MDR) reported a worse than expected third-quarter loss and weaker than expected revenues. Weak Earnings The energy sector has had its fair share of bumps this year, and ... [Read]
Oil & Gas
CPE Stock Gains Ahead of Crucial November Merger Vote
CPE stock is up nearly 7% today ahead of a crunch shareholder vote over Callon Petroleum’s (NYSE:CPE) proposed takeover of Carrizo Oil & Gas Inc (NYSE:CRZO). CPE Stock Down 40% Since Deal was Announced The takeover ... [Read]