Post Tagged with: "shares"
Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production
From Reuters
Marathon Oil Corp (MRO.N) reported a 50% jump in quarterly adjusted profit on Wednesday, as higher U.S. shale output countered lower realized crude prices and production costs fell.
The company, like many other U.S. oil producers, is extracting …
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 …
GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling
From Reuters
General Electric Co’s oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%.
Revenue in the oilfield …
National Oilwell Varco Posts Nearly $5.4 Billion Loss During Second Quarter
Houston oilfield service company National Oilwell Varco reported a multibillion loss during the second quarter amid what executives are calling a “generational oilfield downturn.”
NOV reported a nearly $5.39 billion loss on $2.13 billion of revenue …
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 …
Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion
Deal will create the largest U.S. refiner
Marathon Petroleum Corp. (ticker: MPC) and Andeavor (ticker: ANDV) have entered into a definitive merger agreement under which MPC will acquire all of ANDV’s outstanding shares, representing a total equity value of $23.3 …
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 …
Eclipse Resources Plans 33 Super Laterals for 2018
Eclipse Resources Corporation (ticker: ECR) had a net income for 2017 of $8.5 million, or $0.03 per share. For reference, the company had a net loss of $206.7 million, or $(0.86) per share for 2016.
The fourth quarter of 2017 …
Centennial Resource Development Plans ~$1 Billion 2018 CapEx
Delaware Basin producer Centennial Resource Development, Inc. (ticker: CDEV) had average daily oil and total equivalent production volumes of 19,161 Bbls/d and 31,864 BOEPD, respectively. Centennial said that these production volumes represent an increase of 233% for daily oil and …
TransCanada Announces Preferred Share Issuance
CALGARY, ALBERTA–(Marketwired – April 13, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable minimum rate reset first preferred shares, series 13 (the “Series 13 Preferred Shares”) at a price of $25.00 …
Genoil Completes a Non Brokered Private Placement
CALGARY, ALBERTA–(Marketwired – April 11, 2016) – Genoil Inc. (OTCBB:GNOLF) – The company closed its private placement on Friday December 11, 2015, raising gross proceeds of $322,730 totaling 6,454,600 shares at a price of $ 0.05 per unit. Each unit …
