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January 16, 2017

Noble Energy Jumps to Second-Largest Southern Delaware Player with $3.2 Billion Acquisition

January 16, 2017

Noble Energy purchases Clayton Williams Energy for $3.2 billion, inclusive of debt; NBL’s new full company production for 2020 is expected to reach 600 MBOEPD assuming $50 oil Noble Energy (ticker: NBL) announced Monday that the company has purchased Clayton Williams Energy (ticker: CWEI) in a cash and stock deal valued at $2.7 billion, plus the assumption of approximately $500

Saudis Expect 6-Mo. Limit on Production Cuts

January 16, 2017

“It’s unlikely that we will need to continue [production cuts past June.]” – Khalid al-Falih OPEC may not continue oil production cuts after the middle of the year, according to estimations from Saudi Minister of Energy and Industry Khalid al-Falih. The group is scheduled to meet in May to discuss whether or not production cuts should continue. “Based on my

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Stabilizing Oil Prices Lead Canadian Entrepreneurs to Target $96 Billion Investment for 2017

January 16, 2017

70% of entrepreneurs expect increased sales, up from 45% last year: Canadian businesses are ready to invest and they have growth on their minds–BDC Lack of confidence in the economy is no longer a top barrier to investment, according to the Business Development of Bank of Canada (BDC). Canadian entrepreneurs plan to boost business investment to $96.6 billion in 2017,

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