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Post Tagged with: "divestment"

Source: Abraxas Petroleum

Saltstone Capital Pens Scathing Letter to Abraxas Petroleum

By Tyler Losier, Energy Reporter, Oil & Gas 360

Saltstone Capital Management calls for special committee of the board to review strategic alternatives
Billy Bailey, founder and portfolio manager for Saltstone Capital Management LLC, penned a scathing letter to Abraxas

…
August 9, 2019 - 1:47 pm — Closing Bell Story‎, Corporate Governance, Crude Oil News, Economy, Exploration and Production (E&P), Finance, Natural Gas News, Oil and Gas 360 Articles, Popular 3
Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

Brazil’s Petrobras Sells Off $320 Million Hedge Position as Crude Falls

From Reuters

Brazil’s Petroleo Brasileiro SA sold its entire oil hedge position amid a sharp fall in crude prices, the company said in a filing on Wednesday night, saying it has eliminated uncertainties regarding its cash flow thanks in part …

August 8, 2019 - 6:02 am — Acquisitions and Divestitures (A&D), Closing Bell Story‎, Commodity Pricing, Crude Oil News, Economy, Energy News, Exploration and Production (E&P), International