Claire Poole is a senior writer based in Houston covering energy and utilities. In her time at The Deal, Poole has written stories analyzing the how and why of energy deals and speculating on upcoming activity. She has also conducted insightful interviews with leading energy dealmakers and is often the first to reveal groundbreaking energy news. Before joining The Deal in 2000, Poole worked as a reporter and staff writer at Forbes, was editor-in-chief of El Financiero International and Mexico Business and was a contributing editor at Latin Trade. She also contributed articles to Money, Worth, Businessweek and Texas Monthly.
Energen, Gulfport Energy, Laredo Petroleum, Newfield Exploration, PDC Energy and SM Energy top Williams Capital Group's takeout list.
The seller, owned by onetime billionaire Autry Stephens, has been shedding assets to pay down its debt load, which some have estimated at around $1 billion.
The investments follow a flurry of deals in the region, including DiamondBack Energy Inc.'s purchase of properties in the Delaware Basin from Natural Gas Partners-backed Luxe Energy for $560 million.
The nominees will serve as placeholders until the activist hedge fund identifies actual candidates for the proxy contest, which Williams criticized as distracting and costly.
The acquisition expands the buyer into West Texas' hot Delaware Basin and is part of its plan to become a top mid-cap explorer and producer.
Increasing volumes, good balance sheets/free cash flows and trading discounts compared with their peers make Cenovus and Suncor good buys, Goldman Sachs says.
The pipeline operator called the move unfortunate, distracting and costly, as it's moving forward with its own plan to identify qualified and independent directors.
The transaction is expected to strengthen the buyer's position in the southeastern U.S. and along the East Coast.
Activity in the U.S. was up by 10 rigs as commodity prices approached the $50 per barrel mark, although the Canadian count slipped by 5 rigs.
With oil prices approaching the $50 mark, analysts say it may be time to buy the shares of such high-performing prospects as Eco-Stim Energy, Nabors Industries and Halliburton.
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