Wednesday, August 19, 2026

LNG on the Move: Magellan Files S-3 for $500 Million

Tellurian+Magellan merger is expected to close Q4 On October 11, Magellan Petroleum (ticker: MPET) filed an S-3 Registration Statement with the SEC paving the way to sell up to $500 million in common stock, warrants and units, the proceeds to be used for general corporate purposes for the company which is moving toward LNG development.   Magellan’s previously announced reverse merger

Wells Fargo Chairman and CEO John Stumpf is Retiring Immediately

From the Los Angeles Times John Stumpf has resigned as chairman and chief executive of Wells Fargo & Co., bowing to mounting criticism from lawmakers and others who said he should lose his job over revelations that bank employees created as many as 2 million accounts without customers’ authorization. The wrongdoing by the San Francisco bank was exposed by a Los Angeles Times investigation and led to