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Moody's Investors Service ("Moody's") changed Diamondback Energy, Inc.'s (Diamondback) rating outlook to positive from stable, and simultaneously affirmed the company's Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and Ba2 senior unsecured notes. "The positive outlook acknowledges Diamondback's significant production, reserves and free cash flow growth visibility through 2021 even in a sub $50/bbl oil price environment," noted Sajjad Alam, Moody's Senior Analyst.
The government requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the funds’ positions on September […]
Moody's Investors Service ("Moody's") upgraded Diamondback Energy, Inc.'s (Diamondback) Corporate Family Rating (CFR) to Ba1 from Ba2, Probability of Default Rating (PDR) to Ba1-PD from Ba2-PD ...
Diamondback Energy, Inc. (FANG) (“Diamondback”) today announced that it has completed its acquisition of Energen Corporation (EGN) (“Energen”). The merger was previously approved by Diamondback stockholders and Energen shareholders at special meetings held on November 27, 2018. Each eligible share of Energen’s common stock issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 0.6442 of a share Diamondback’s common stock, with cash in lieu of any fractional shares.
Post completion of the merger, Diamondback (FANG) will likely have 62% ownership stake in the combined entity and Energen (EGN) will hold the rest.
Now the technology that created artificial intelligence is getting good at detecting stock market fluctuations that can only be explained as abnormal, sophisticated and nefarious. Bloomberg algorithms give market participants help identifying unusual activity in stock, bond, currency and derivatives trading. The automated analysis of derivatives like options can also expose otherwise opaque insider trading activity that was once evident only with the fluctuations of the underlying assets of bonds, commodities, currencies and equities.
Diamondback Energy, Inc. (FANG) (“Diamondback”) and Energen Corporation (EGN) (“Energen”) today announced that all proposals necessary for the parties’ pending merger (the “Merger”) were approved by the stockholders of Diamondback and the shareholders of Energen at each company’s respective special meeting held today. As previously announced, on August 14, 2018, Diamondback and Energen entered into a definitive merger agreement providing for Diamondback’s acquisition of Energen in an all-stock transaction.
NEW YORK , Nov. 26, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 prior to the open of trading on Monday, December 3 : S&P ...
Billionaire Carl Icahn is the founder and manager of Icahn Capital, one of the most feared activist hedge funds in the world. The 82-year-old investor, who has a personal fortune estimated by Forbes at $17 billion, is also the chairman and majority owner of Icahn Enterprises L.P. (NASDAQ:IEP), an investment vehicle which owns several companies, […]
TC PipeLines (TCP) announces third-quarter 2018 cash distribution of 65 cents per unit, which marks the 78th consecutive quarterly distribution paid by the partnership.
Since more than 70% of Antero's (AR) production comprises natural gas, the company is well positioned to capitalize on mounting clean energy demand.