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Move comes after Sunoco sold convenience stores to 7-Eleven Deal would add crude oil transportation and storage for Sunoco Sunoco LP, a US gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to diversify its business and buy up a key part of its supply …
Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion Read More »
Reuters Jan 22 (Reuters) – Sunoco (SUN.N) said on Monday it would acquire NuStar Energy (NS.N) in an all-equity transaction valued at about $7.3 billion, including assumed debt.
(Reuters Breakingviews) – Chesapeake Energy is the latest to join the fossil-fuel merger rush, and has the benefit of safety in numbers. That’s true in two ways: first, because its $7.4 billion purchase of Southwestern Energy is financially attractive for Chesapeake shareholders, and secondly because Boss Nick Dell’Osso is treading an M&A path that rivals like Exxon Mobil and …
Breaking It Down: Chesapeake $7.4 Bln Deal Finds Safety in Numbers Read More »
(Reuters) – Chesapeake Energy (CHK.O) said on Thursday it would buy smaller rival Southwestern Energy (SWN.N) in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas producer to take the top spot. The move extends a recent spate of multi-billion deals in the U.S. energy sector including Exxon Mobil’s (XOM.N) $60-billion Pioneer Natural …
(Reuters Breakingviews) – Wael Sawan is sitting on the sidelines. The chief executive of $214 billion European oil major Shell has watched Exxon Mobil and Chevron undertake chunky deals in the Permian, one of the world’s most profitable and fast-growing oilfields. In 2024 he could let his U.S. rivals get bigger, or he could amp up his pivot away from renewable energy and …
COMMENTARY: Shell Will be Tempted to Join U.S. M&A Party Read More »
Southwestern Energy and Chesapeake Energy are close to a merger that would create a roughly $17-billion company that would rank as one of the largest U.S. natural-gas producers, the Wall Street Journal reported on Friday. The deal could come together as soon as next week, the report said, citing people familiar with the matter, provided …
Southwestern and Chesapeake Energy Near $17-Billion Merger Read More »
Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to the lowest since the outbreak of COVID-19, bankers said. Money markets are betting that the Bank of Canada (BoC), which raised interest rates …
Canadian Dealmaking Seen Rebounding in 2024, Led by Energy, Mining Read More »
