|Day Low/High||41.74 / 42.85|
|52 Wk Low/High||18.93 / 46.92|
The investment bank has come in as the 10th ranked adviser on The Deal's 2016 League Tables.
U.S. oil producers added 4 rigs, while natural gas producers brought 3 rigs online, bring the overall count up to 665.
Gobbling up privately held acreage may continue to be a major priority for strategics in 2017, but so too will asset sales and equity raises as low leverage remains vital.
The major oil producer will bolster its already substantial holdings in the U.S.' most prolific oil play for $2.43 billion.
OPEC Secretary General says the cartel remains committed to a production cut following doubts that any deal will get done.
Majors like Royal Dutch Shell and independents like EOG Resources are buying up prospective Texas acreage.
The Houston oil and gas operator said Tuesday it will consider asset sales if need be following its deal to bolster operations in the Permian Basin.
The markets are choppy and range-bound, with most issues running in place.
The North American count was bolstered by a significant uptick in Canadian rigs week-over-week, and U.S. oil producers have added more than 30 rigs so far in August.
The most recent short interest data has been released for the 08/15/2016 settlement date, which shows a 1,438,869 share decrease in total short interest for RSP Permian Inc , to 7,527,866, a decrease of 16.05% since 07/29/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
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.
The deal, which was privately negotiated, expands the buyer's position in the popular Midland Basin by more than a third at a healthy valuation.
The company's shares were surging Monday as analysts reported the oil-levered player is best positioned to capitalize on a turn in commodity prices.
Trade-Ideas LLC identified RSP Permian (RSPP) as a new lifetime high candidate
Any weakness is an opportunity to revisit the sector but with greater emphasis on stock-specific opportunities and dislocations, one analyst says.
Trade-Ideas LLC identified RSP Permian (RSPP) as a "perilous reversal" (up big yesterday but down big today) candidate
Trade-Ideas LLC identified RSP Permian (RSPP) as a "dead cat bounce" (down big yesterday but up big today) candidate