Capital Markets Archives - Page 121 of 126 -

Plains All American Pipeline Completes Offering of $750 Million Senior Notes

November 22, 2016

Plains All American Pipeline, L.P. (ticker: PAA) today announced that it has completed an underwritten public offering of $750 million aggregate principal amount of 4.500% senior unsecured notes due December 15, 2026, at a public offering price of 99.716% with a yield to maturity of 4.535%. Total net proceeds of the offering were approximately $741.3 million. The Partnership intends to use

TransCanada Closes $3.5 Billion Common Share Offering

November 16, 2016

Proceeds to help TransCanada fund acquisition of Columbia Pipeline Group TransCanada Corporation (ticker: TRP) completed its public offering of Common Shares. The Offering was announced on November 1, 2016 when TransCanada entered into an agreement with a syndicate of underwriters led by TD Securities, BMO Capital Markets and RBC Capital Markets under which they agreed to purchase from TransCanada and sell

Permian Tops U.S. in Production, Rig Count

November 15, 2016

Permian still on the rise The Permian basin now holds nearly as many active oil rigs as the rest of the United States combined, including both onshore and offshore rigs, according to the EIA. The agency projects that crude oil production from the Permian will increase for a third consecutive month in its upcoming reporting period. Last Friday’s rig count release from

Samson Oil & Gas’ Borrowing Base Gets a Bump Up

November 11, 2016

Samson Oil & Gas: debt reduction, higher borrowing base Following the closing of the company’s North Stockyard asset sale, Samson Oil & Gas Limited’s (ticker: SSN) outstanding debt has been reduced to $19 million and Mutual of Omaha Bank has increased the company’s borrowing base to $20 million. Samson expects the Bank to further increase its borrowing base in the

The Carlyle Group Raises $2.8 Billion for Energy Credit Investments

November 7, 2016

New Carlyle Group Fund Provides Investment Capital to Energy Projects Unable to Tap Traditional Sources Global alternative asset manager The Carlyle Group (ticker: CG) raised $2.8 billion for energy credit investments, the company announced. Carlyle Energy Mezzanine Opportunities Fund II (CEMOF II) primarily targets investments in projects and companies in the power generation and energy sectors requiring capital of $50 million to $500

Oil Production by Presidential Term

November 4, 2016

Regardless of who is living in the White House, global demand and supply cause price movements and drive production of crude oil. SAFE has added the presidential terms to the bars of crude oil production since the end of Dwight Eisenhower’s term. The U.S. presidential election is Tuesday, Nov. 8. Don’t forget to vote. The website Diffen.com presents a comparison of the two

Texas Aug. 2016 Oil & Gas Production Down almost 20% from Aug. 2015

October 27, 2016

Total oil and natural gas production per day has rolled over and started to decline in Texas, according to data recently released by the Texas Railroad Commission. Total oil production for August 2016 was 84.8 MMbls, a six percent decrease from July production at 90 MMbls and an 18% decrease from August 2015 levels of 103.9 MMbls. Gas followed a

$5.5 Billion IPO Pulled As Brexit Effect Spooks UK Capital Markets

October 27, 2016

From Law.com Less than two weeks after acting on the cancelled initial public offering of the U.K.’s largest private gym chain, capital markets lawyers at Freshfields Bruckhaus Deringer have once again seen their work go to waste with software company Misys pulling its 4.5 billion pounds ($5.5 billion) IPO. Private equity firm Vista Equity Partners, which owns Misys, had already cut the

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development: The Next Core Delaware Pure Play

October 27, 2016

Centennial Resource Development launches its new website: www.CDEVinc.com A newly formed oil and gas E&P company, Centennial Resource Development (ticker: CDEV), (www.CDEVinc.com) is the Southern Delaware’s newest player, though its executive team and board of directors are anything but new to the basin. Silver Run transaction with CDEV CDEV was christened Centennial Resource Development by Silver Run Acquisition Corp. on

Power Generators Getting a Lump of Coal this Christmas, says EIA

FERC Approves $5.2 billion Talen Energy-Riverstone Merger

October 21, 2016

Talen-Riverstone merger is awaiting NRC approval The Federal Energy Regulatory Commission (FERC) issued an order approving the proposed merger of Talen Energy Corporation (ticker: TLN) with an affiliate of Riverstone Holdings LLC, a private equity firm. FERC said that the merger would not have a detrimental effect on competitive wholesale power markets but the agency did issue certain conditions. Under

E&Ps Implementing Variety of Hedging Strategies

October 18, 2016

Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart

Crude Oil Futures: Who’s Long and Who’s Short?

October 13, 2016

A presidential commission tracks the crude oil positions that are reported each week: this week producers and processors are short, while managed money is long oil In its Weekly Commitment of Traders Report released every Friday, the United States Commodity Futures Trading Commission (CFTC) breaks down the number of outstanding short and long NYMEX futures and options contracts for light, sweet

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