Tuesday, 21 July 2020

Shale oil realities mean Chevron Noble deal likely won’t start an MandA wave

With Chevron agreeing to pay just a 7.5% premium over Noble’s July 17 closing price, the all-stock deal isn’t eliciting much speculation that a new spree of acquisitions is in the offing. That means little prospect of relief for investors in hundreds of struggling drillers in places like West Texas and Oklahoma. ...»

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