Post Tagged with: "IPO"

Saudi Aramco in race for IPO record with $1.7 trillion top value

Saudi Aramco in race for IPO record with $1.7 trillion top value

Reuters


DUBAI- Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s …

Source: Reuters

Aramco meets investors in last-minute bid to hit $2 trillion IPO target: sources

Source: Reuters


DUBAI (Reuters) – Saudi Aramco officials and advisers are holding last-minute meetings with investors in an attempt to achieve as close to a $2 trillion valuation as possible ahead of an expected listing launch on Sunday, according to …

Saudi Aramco’s IPO coming soon: energy minister

Saudi Aramco’s IPO coming soon: energy minister

S&P Global Platts


The initial public offering of Saudi Aramco — the company that is preparing to sell up to a 5% stake — will happen soon, the country’s energy minister said on Wednesday.

Saudi Aramco's IPO coming soon: energy minister - oil and gas 360

The Aramco IPO is “going to …

October 30, 2019 - 7:55 am Closing Bell Story‎, Energy News, International
Saudi Aramco to list shares on local exchange on Dec 11: report

Saudi Aramco to list shares on local exchange on Dec 11: report

S&P Global Platts


Saudi Aramco, the state-owned company seeking to sell up to a 5% stake in an IPO, will list its shares on the local Saudi exchange on December 11, with a final price for the flotation set to …

October 29, 2019 - 7:50 am Closing Bell Story‎, Energy News, Finance
Oil Soars Near 5% as U.S. Delays Tariffs on Some Chinese Goods

Oil Soars Near 5% as U.S. Delays Tariffs on Some Chinese Goods

From Reuters


Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled …

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

From Reuters


Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war.

International benchmark Brent crude settled …

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

Saudi Aramco Valuation Gap Persists as IPO Talks Resume – Sources

From Reuters


Saudi Crown Prince Mohammed Bin Salman is insisting on a $2 trillion valuation of oil firm Aramco, even though some bankers and company insiders say the kingdom should trim its target to around $1.5 trillion, industry and banking …

Source: Borr Drilling

Borr Drilling Awarded Contract by Pemex

By Tyler Losier, Energy Reporter, Oil & Gas 360

Borr Drilling is awarded its fourth Mexican contract in less than nine months
Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has been awarded a contract by

Source: Boor Drilling

Borr Drilling Goes Public

By Tyler Losier, Energy Reporter, Oil & Gas 360

Borr Drilling Limited launches IPO of five million common shares
Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has launched an initial public offering (IPO) in the

Photo by Mike Goldwater"

Pipeline Company Blue Racer to Weigh $2.5 Billion IPO

From Bloomberg


Dominion sold stake in Appalachian gas pipeline last year, potential IPO would follow listing by Diamondback’s Rattler

Blue Racer Midstream, a private equity-backed natural gas pipeline owner, is considering an initial public offering that could be valued at …

CrowdStrike Rockets on Nasdaq Debut: Value Jumps to Over $11 billion

CrowdStrike Rockets on Nasdaq Debut: Value Jumps to Over $11 billion

From CNBC

CrowdStrike opened its first day of trading on the Nasdaq with a share price of $63.50, surging from its IPO price of $34.

The company provides cloud-based security software to companies like Amazon Web Services and Credit Suisse.…

June 12, 2019 - 8:11 am Closing Bell Story‎, Energy News, Fund Management
Source: Goodnight Midstream

Largest Energy IPO of 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Rattler Midstream raises $665 in gross proceeds
Diamondback Energy, Inc. (stock ticker: FANG) subsidiary Rattler Midstream LP (stock ticker: RTLR) priced its upsized initial public offering this Wednesday, offering up

Aramco Seeks Diversification in Advance of IPO

Aramco Seeks Diversification in Advance of IPO

Aramco aims for world-scale petrochemical advances

March 25, 2019 - 8:29 am Closing Bell Story‎, Finance, Press Releases
Saudi Arabia Denies Aramco IPO Is Canceled

Saudi Arabia Denies Aramco IPO Is Canceled

Saudi Arabia Denies Aramco IPO Is Canceled

From The Wall Street Journal

Saudi Arabia said Thursday it remained committed to publicly listing its national oil company at some point in the future, dismissing reports that the centerpiece of the country’s …

August 23, 2018 - 6:20 am Closing Bell Story‎, Finance, OPEC
Saudi Aramco IPO Timeline Shifted by SABIC Acquisition

Saudi Aramco IPO Timeline Shifted by SABIC Acquisition

From Reuters

Saudi Aramco’s potential acquisition of a stake in petrochemicals maker SABIC would affect the timeframe of its own planned initial public offering, the firm’s chief executive, Amin Nasser, said in a TV interview.

The offering is the centerpiece …

July 23, 2018 - 12:40 pm Closing Bell Story‎, Energy News, International
What’s Worth More to the State of Texas—Land or Oil?

Junior Canadian Texas and New Mexico Producer Goes Public

Permex Petroleum Corporation (ticker: OIL) has completed its initial public offering of 8,135,500 common shares at a price of $0.50 per share for proceeds of $4,067,750.

The shares were listed on the Canadian Securities Exchange (CSE) on May 15, 2018 …

EOG Resources, Mountrail County, North Dakota.

PermRock Royalty Trust Prepares IPO

PermRock Royalty Trust will soon launch its initial public offering of 6,250,000 trust units, representing approximately 51.4% beneficial interest in the trust. The initial offering price is expected to be between $19.00 and $21.00 per unit. Boaz Energy II, LLC …

Frac Provider Liberty Oilfield Services Earns $130 Million in 2017

Frac Provider Liberty Oilfield Services Earns $130 Million in 2017

Liberty added 1,000 new employees in 2017, ordered two additional frac fleets to be delivered in Q3, Q4 2018

Newly public Liberty Oilfield Services Inc. (ticker: LBRT) earned $45 million, or $0.30 per share in Q4 2017.

For the full …

Another Energy IPO

Another Energy IPO

Nine Energy Service, Inc. (ticker: NINE) has announced an initial public offering of its common stock.

The offering will consist of 7,000,000 shares of common stock. In addition the company intends to grant the underwriters a 30-day option to purchase …

January 9, 2018 - 4:30 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles
Oasis Midstream Announces IPO

Oasis Midstream Announces IPO

Oasis Midstream (Ticker: OMP) announced the initiation of a public offering of 7,500,000 common units with an expected price tag of $19 to $21 per unit. Oasis said it will grant the underwriters a 30-day option to purchase up to …

More OPEC Producers Turn to Public Markets

More OPEC Producers Turn to Public Markets

Abu Dhabi looks to publicly list parts of its national oil company

The United Arab Emirates plans to list part of its national oil company on public markets in order to create new revenue streams and gain access to new …

Saudi Aramco Eyeing Billions in Investments ahead of IPO

Aramco looking at making a $5 billion solar investment to attract attention to oil company’s IPO

Saudi Aramco, the world’s largest oil company in terms of production, is considering a $5 billion investment in solar energy. The substantially step into …

WildHorse Resource Development IPO Targets $650 Million

WildHorse Resource Development IPO Targets $650 Million

Eagle Ford, North Louisiana Operations

WildHorse Resource Development Corporation (ticker: WRD) will join Centennial Resource Development (ticker: CDEV) and Extraction Oil & Gas (ticker: XOG) as one of 2016’s new public E&P companies. The shares of WildHorse are expected to …

Wattenberg Player Extraction Oil & Gas Goes Public

Wattenberg Player Extraction Oil & Gas Goes Public

Extraction expects net proceeds of roughly $594.1 million from IPO

Extraction Oil & Gas, Inc. (ticker: XOG) announced yesterday the pricing of its initial public offering of 33,333,333 shares of its common stock at $19.00 per share. Extraction was initially …

Noble Midstream IPO Could Open the Doors to Capital for Other MLPs

Noble Midstream IPO Could Open the Doors to Capital for Other MLPs

Noble Midstream Partners receives more than anticipated for IPO

Noble Energy (ticker: NBL) announced a public offering for its MLP subsidiary Noble Midstream Partners (ticker: NBLX) last week with the hope of garnering an offer price between $19.00 and $21.00 …

September 15, 2016 - 6:02 pm Closing Bell Story‎, Midstream, MLPs, Oil and Gas 360 Articles
Noble Energy Looks to IPO Midstream Assets for a Second Time

Noble Energy Looks to IPO Midstream Assets for a Second Time

Noble hopes to raise around $270 million with midstream MLP IPO

Ten months after postponing the IPO of its wholly owned subsidiary Noble Midstream Partners, Noble Energy (ticker: NBL) announced that plans for a public offering are back on the …

September 8, 2016 - 5:19 pm Closing Bell Story‎, MLPs, Oil and Gas 360 Articles
Source: WPX

Warren Buffett Continues Accumulating Oilfield Stocks

Phillips 66 is Buffett’s 6th Largest Holding – 79 million shares

Last year, Warren Buffett made his first purchase of Phillips 66 (ticker: PSX) stock amid the depletion in oil prices and the consequent depletion of oilfield service stocks.…

Bonanza Creek: From IPO to Strategic Alternative Process in 55 Months

Bonanza Creek: From IPO to Strategic Alternative Process in 55 Months

Shares of Bonanza Creek fall 37% on news of hiring a financial advisor

Shares of Bonanza Creek (ticker: BCEI) took a nosedive Wednesday, falling 38%, with investors reacting negatively to an 8-K filing released during trading hours that the company …

Freeport-McMoRan Cancels Oil and Gas IPO

Freeport-McMoRan Cancels Oil and Gas IPO

The story surrounding Freeport-McMoRan’s (ticker: FCX) oil and gas assets continues to unfold as the mining giant announced last week that it would withdraw its registration to sell shares in the unit.

“At this time the company has determined not …

China’s CNPC Plans to Spin Off its Oilfield Service Sector with IPO

China’s CNPC Plans to Spin Off its Oilfield Service Sector with IPO

No details available yet on timing or size of IPO

China National Petroleum Corp., the country’s largest oil and gas producer, is looking to spin off its oilfield service sector as part of the ongoing process to overhaul the world’s …