Cenovus Energy Inc. agreed to buy Husky Energy Inc. in an all-stock deal valued at C$23.6 billion ($17.97 billion) creating Canada's third-largest oil and natural gas producer.
Victor Li Pushes Husky Energy Into Us$18 Billion Merger With Rival Canadian Oil Producer To Help End Losses From Oil Slump | South China Morning Post
CK Hutchison is backing an all-stock C$23.6 billion (US$18 billion) merger between its unit Husky Energy and Cenovus Energy as the Canadian oil and gas producers seek to end a trail of losses from a slump in global oil prices.The Hong Kong unit, run by Victor Li Tzar-kuoi, will sell its 40.19 per cent interest in Husky to Cenovus in return for a 15.7 per cent equity stake in the combined entity, according to a joint announcement on late Sunday. Husky shareholders will receive 0.7845 of a...
Modi to inaugurate India Energy Forum by CERA Week on Monday, is expected to woo companies to promote Atmanirbhar Bharat.
By VanEck In this New York Times article, Portfolio Manager Shawn Reynolds discusses why renewable energy has become one of his biggest bets. The top three holdings of the VanEck Global Hard Assets Fund ("the Fund") currently are solar power companies. As of 9/30/20, Sunrun Inc. is 9.5% of net assets, SolarEdge Technologies, Inc. is 7.5% and [...] The post Solar Power is Shining Bright appeared first on ETF Trends.
By Jasmina Ovcina Image courtesy: EPS Eastern Pacific Shipping (EPS) has won a bid to purchase, build, and operate four 98,000 cubic meter VLECs for China-based Zhejiang Satellite Petrochemical (STL). The vessels will be carrying ethane from the US Gulf Coast to Shenzhen-listed STL's plant in Lianyungang, China. Under the novation contract with STL, EPS...
Closing prices for crude oil, gold and other commodities, and foreign exchange levels. : Benchmark U.S. crude oil for December delivery fell 79 cents to $39.85 a barrel Friday. Brent crude oil for December delivery fell 69 cents to $41.77 a barrel. Wholesale gasoline for November delivery fell 2 cents to $1.14 a gallon. November heating oil fell 1 cent to $1.15 a gallon. November natural gas fell 4 cents to $2.97 per 1,000 cubic feet. Gold for December delivery rose 60 cents to $1,905.20 an ounce.
The world's largest retailer will help suppliers buy renewable energy via power purchase agreements. : LONDON -- When Hurricane Katrina devastated New Orleans in 2005, it proved to be a tipping point for Walmart, the world's largest retailer. While the business was doing well at the time, it was focused on customers and employees over the broader environment, according to CEO Doug McMillon. "We were a large company but had not fully understood what that meant or what was required of us socially and environmentally," he said, addressing the Climate Week NYC conference in an online broadcast last month.
(Telecompaper) Spanish operator Cellnex has agreed to acquire the tower infrastructure of Polish operator P4 from France's Iliad group. Under the deal, Cellnex will buy about 7,000 sites, and pay EUR 800 million for a 60 percent controlling stake in the company that will manage those sites. The newly-created tower company plans to invest up to EUR 1.3 billion into rolling out of up to 5,000 new sites over the next 10 years. Iliad launched a takeover bid for Play last month and is expected to close that deal by November.
SANTA MONICA, Calif. and HOUSTON, Oct. 23, 2020 /PRNewswire/ -- symplr, a leading global healthcare governance, risk management, and compliance ("GRC") software-as-a-service ("SaaS") platform, backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and...
Oil demand could see 'lasting impacts' from the coronavirus, according to the World Bank. : (Bloomberg) -- Oil demand could see "lasting impacts" from the coronavirus while modest gains are projected in metals and agriculture prices as commodity markets recover from the shock of the pandemic, according to the World Bank. The World Bank boosted its projections from April for the average oil price in 2020 and 2021 to $41 a barrel and $44, respectively, as a slow recovery in demand is matched by an easing in supply restrictions. That still leaves prices well below 2019 levels of $61.