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India may cut its Iranian crude oil imports by 50% to cooperate with U.S. sanctions and secure a waiver to continue shipments, according to a Bloomberg report on Tuesday. This is a bullish sign for crude oil as major crude importers begin to assess their purchases from Iran ahead of the November 4 deadline. India cannot completely cut Iranian crude oil supplies as these cargoes are offered at competitive pricing and also represent a meaningful part of their supply.
Talos Energy (TALO) sees solid earnings estimate revisions and looks poised to shock the market, and yet seems overlooked by the investors.
("Stone") today announced that a majority of the stockholders of Stone have approved and adopted the previously announced transaction agreement under which Talos and Stone will combine in an all-stock transaction. As a result, no further action by any Stone stockholder is required under applicable law or otherwise to adopt the transaction agreement. Subject to satisfaction or waiver of the remaining customary closing conditions in the transaction agreement, the transaction is expected to close on or about May 10, 2018, at which time the common stock of Stone will cease to be traded on the New York Stock Exchange ("NYSE").
LAFAYETTE, La. , May 1, 2018 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) ("Stone" or the "Company") today announced that the Company closed the transaction contemplated under ...