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Analysts consider the deal, which addresses Centennial’s inventory concerns while also sparing Colgate Energy from a potentially uphill IPO climb, as a sign of things to come in the Permian Basin.
Centennial Resource Development Inc. and Colgate Energy Partners III LLC agreed to a roughly $7 billion merger of equals that would create what may be the
(Bloomberg) Optimism may be in short supply for equity investors caught in the downdraft of volatile global markets, but pockets of shelter are emerging.