- Reuters•3 days ago
Oil and gas producer Rice Energy Inc said on Monday it will buy Vantage Energy for about $2.7 billion, in what has become the most active month for acquisitions in the energy sector since oil prices sank two years ago. Rice Energy shares slid 4.2 percent to $26 in after market trading after it said it would pay about $1.02 billion in cash, issue about 39.1 mln shares worth about $980 million and assume about $700 million in debt. The deal follows others this month by EOG Resources Inc , which is buying privately-held Yates Petroleum Corp for $2.5 billion, and Enbridge of Canada's plans to buy pipeline company Spectra Energy Corp of Houston in an all-stock deal valued at about $28 billion.
- Motley Fool•3 days ago
Spectra Energy Partners has a little more growth baked in, but the Spectra Energy/Enbridge merger raises some uncertainty.
Spectra Energy Corp. (SE)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||42.48 x 1600|
|Ask||42.49 x 1700|
|Day's Range||42.20 - 42.95|
|52wk Range||21.43 - 44.00|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||98.04|
|Avg Vol (3m)||5,569,851|
|Dividend & Yield||1.62 (3.90%)|