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McCreath: Russia s Lukoil said to be circling Canada s oil patch VIDEO SIGN OUT
Calgary is buzzing again, and not just because the prices of oil and gas are on the rise.
While itâs not news until it hits the tape, multiple senior sources in Calgaryâs energy community suggest that Russian energy giant Lukoil PJSC, a behemoth that produces two million barrels of oil equivalent per day and sports a nearly US$53-billion market capitalization, is poised to take a significant stake in privately-owned western Canadian energy producer Velvet Energy Ltd.
Some of the chatter about this dance can be traced to Cormark Securities telling clients Thursday morning that Lukoil was set to acquire a position in Velvet. By Thursday night, Cormark had retracted that report. However, as a securities analyst at heart, the original comment piqued my investigative side. After more than a dozen phone calls and many email exchanges â and, arguably more importantly, messages and call
TikTok Competitor Kuaishou Sees Shares Triple in Debut With its listing in Hong Kong, Kuaishou Technology has beaten short-video competitor ByteDance to the punch in selling shares to a demanding public
Chinese companies are consistently undervalued when they go public. That s clearly the case with the highly sought-after market debut in Hong Kong of short-video app Kuaishou Technology HK:1024.
The company, a competitor to TikTok, saw its shares leap to HK$337 at the open of trading Friday and crest at HK$345, a gain of 200%. The shares fell back slightly from that phenomenal start but still closed at HK$300.
The Beijing-based company raised HK$41.0 billion (US$5.3 billion) with the initial public offering, pricing the top of its range at HK$115. That should rise to HK$47.0 billion (US$6.0 billion) if the overallotment is exercised in full, as seems likely given the high demand.
AlleyWatch
Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from January 2021. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis. The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement in a high-visibility, lead generation, and building thought leadership among the vast majority of key influencers in the business community and beyond. Learn more about running a digital campaign that will return your investment here.