|Day's Range||10.12 - 10.12|
WPX Energy, Inc. (WPX) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
NYSE:WPX has closed its previously announced public offering of $900,000,000 million aggregate principal amount of 4.500% senior unsecured notes.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The Zacks Analyst Blog Highlights: Occidental Petroleum, Chevron, BP, Callon Petroleum, and WPX Energy
With WTI crude, the domestic benchmark, bouncing back above $60 per barrel on multiple tailwinds, the investor hunger for M&A deals in the energy space is likely to remain strong.
WPX Energy (WPX) makes full use of the current low-interest environment to issue new debts and uses proceeds from the offering to fund the acquisition of Felix Energy.
WPX Energy (NYSE:WPX) has priced its offering of $900 million aggregate principal amount of 4.500% senior unsecured notes due 2030.
Moody's Investors Service (Moody's) assigned B1 ratings to WPX Energy, Inc.'s (WPX) proposed two tranches of senior unsecured notes totaling $900 million. The net proceeds from the notes issuance will be used to finance a portion of the cash consideration for the acquisition of Felix Energy Holdings II, LLC (Felix Energy).
WPX Energy (NYSE:WPX) announced today that it has commenced a public offering of $900 million aggregate principal amount of senior unsecured notes.
The end of the last decade saw some huge oil & gas takeovers, and the action is set to continue in 2020 with some potentially big deals in the Permian basin
The Zacks Analyst Blog Highlights: Callon Petroleum, California Resources, WPX Energy and Ring Energy
Rising tensions in the Middle East, following the airstrike that killed Iranian General Qassem Soleimani, can further increase oil prices.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
WPX Energy's (WPX) acquisition is in sync with its intention to further increase oil output. Meanwhile, Devon Energy (DVN), post the Barnett asset sale, will transform into an U.S. oil-focused firm.
Moody's Investors Service ("Moody's") placed the ratings of WPX Energy, Inc. (WPX) under review for upgrade following the announcement that it had entered into a definitive agreement to acquire Felix Energy (unrated). WPX will not assume any debt as part of the transaction.
Devon Energy (DVN) to fetch $770 million from the divestiture of Barnett Shale assets. Post the asset sale, the company is set to focus more on core U.S. oil assets.
WPX Energy's (WPX) decision to acquire Felix Energy is likely to further increase oil production volumes and strengthen its position in the Delaware Basin.
Oklahoma-based WPX Energy (NYSE: WPX) has inked a $2.5 billion deal to buy Felix Energy, a Denver-based exploration and production company backed by Houston-based EnCap Investments LP. WPX plans to pay $900 million in cash and issue about 153 million WPX shares, valued at $1.6 billion, according to a Dec. 16 press release. Felix, which was formed in September 2015, is focused on the Delaware Basin portion of the Permian Basin in West Texas.