share buyback Archives - Oil & Gas 360

PDC Energy declares increased quarterly cash dividend on common shares and announces $750 million increase to share buyback authorization

February 16, 2023

Oil and Gas 360 DENVER, Feb. 16, 2023 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared an increase to its quarterly cash dividend from $0.35 to $0.40 per share on PDC’s outstanding common stock. The dividend is payable on March 16, 2023, to stockholders of record at the close of business on March 2, 2023. This marks the second

Continental Resources to Shareholders: ‘This is For You’

June 3, 2019

Company initiates a quarterly dividend, launches $1 billion share buyback, bumps free cash flow projection to $5 billion Continental Resources, Inc. (NYSE: CLR) has entered full shareholder payback mode. The company said today that its board approved the initiation of a quarterly dividend of $0.05 per share on its common stock, with the first divident payable on November 21, 2019

Tamarack Valley Energy is Approved for 8.6-Million-Share Buyback

April 4, 2019

Tamarack Valley Energy Ltd. Provides Update on Current NCIB and Receives TSX Approval for New NCIB

Midstates Petroleum to Pause Drilling Program 1H 2019, Buying Back $50 Million in Shares

December 4, 2018

Midstates Petroleum Announces $50 Million Share Repurchase Program and Provides Operational Update

Shell Accelerates Share Buybacks as Profits Soar

November 1, 2018

From Reuters LONDON (Reuters) – Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program. Although the $5.6 billion quarterly profit slightly missed forecasts for a fourth quarter, investors took heart from a nearly 60 percent rise in

Liberty Oilfield Services to Launch Share Buyback

September 11, 2018

Liberty Oilfield Services Inc. Announces Authorization of a Share Repurchase Plan

TSX Approves Surge Energy Share Buyback

February 21, 2018

The Toronto Stock Exchange has accepted Surge Energy’s (ticker: SGY) notice of intention to make a normal course issuer bid for its outstanding common shares in accordance with the rules and policies of the TSX. Surge said in a statement it believes that the market price of its common shares, in today’s current oil price environment, does not accurately reflect

EnerCom's price-to-cash-flow-per-share comparison with debt-to-market cap shows markets care less about debt below 150% of market cap

When Does the Balance Sheet Stop Being the Market’s First Concern?

October 19, 2017

Companies are beginning to put capital to work away from the drill bit, but should they be targeting debt? Several high-profile share repurchase programs have been announced recently as oil and gas companies look for ways to reinvest their free-cash flow. Anadarko Petroleum Corp. (ticker: APC) said in September that the company plans to repurchase $2.5 billion of its stock

LINN Energy Sells Washakie Properties for $200 Million, Increases Share Buyback to $400 Million

October 5, 2017

LINN Energy, Inc. (ticker: LNGG) entered an agreement to sell its interest in properties located in Wyoming to an undisclosed buyer for a contract price of $200 million, the company said in a press release. The properties to be sold consist of approximately 163,000 net acres in the Washakie Field in Wyoming with second quarter net production of approximately 66

Anadarko Announces a $2.5 Billion Share-Repurchase Plan

September 20, 2017

GOM, Delaware, DJ producer targets $1 billion in share buybacks during 2017; expects 2018 capital program to be within cash flow Anadarko Petroleum Corporation’s (ticker: APC) board of directors has authorized a $2.5 billion share-repurchase program through the end of 2018, the company announced Wednesday. “We believe this is a very attractive use of our cash given the value of

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