Current SM Stock Info

Bids for Divide County acreage didn’t add up
SM Energy (ticker: SM) announced today that it has postponed indefinitely the sale of its Divide County North Dakota assets.

SM expressed its desire to sell its Divide County assets in January, and expected to close the transaction around mid-year.
Goal was to reduce leverage
According to analysts at Wells Fargo, expected valuations were around $400 million. However, the bids the company received were too low and would not allow SM to meaningfully reduce its leverage. With this in mind, SM has ...


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