3 Under-the-Radar Energy Stocks With Upcoming Catalysts You Won't Want to Miss
Upcoming transformational events could give these underfollowed energy stocks the fuel to produce big-time returns.
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Upcoming transformational events could give these underfollowed energy stocks the fuel to produce big-time returns.
Centennial and Colgate Resource have signed a merger of equals agreement valuing Colgate at $3.9B.
Centennial Resource Development and Colgate Energy Partners have entered into an agreement to combine in a merger of equals transaction. The combined company will be the largest pure-play E&P company in the Delaware Basin with approx. 180,000 net leasehold acres, 40,000 net royalty acres and total current production of approx. 135,000 Boe/d.
Upon closing, the newly combined oil company will boast 135,000 BOE/D and hold around 15 years’ worth of drilling locations in the Permian Basin.
Equities analysts expect that Centennial Resource Development, Inc. (NASDAQ:CDEV – Get Rating) will report earnings per share of $0.45 for the current quarter, Zacks reports. Four analysts have made estimates for Centennial Resource Development’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.31. Centennial Resource Development posted earnings of $0.02 per share […]