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ISS Reaffirms Recommendation FOR Pending Acquisition of QEP Resources by Diamondback Energy


ISS Reaffirms Recommendation FOR Pending Acquisition of QEP Resources by Diamondback Energy
March 11, 2021 17:50 ET
| Source:
QEP Resources, Inc.
QEP Resources, Inc.
Denver, Colorado, UNITED STATES
DENVER, March 11, 2021 (GLOBE NEWSWIRE) QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today announced that Institutional Shareholder Services (ISS) has reaffirmed its previous recommendation of support for the proposed acquisition of QEP by Diamondback Energy, Inc. (Nasdaq: FANG) (Diamondback), citing the transaction’s “credible strategic rationale and multiple levers for value creation.”
The proposed acquisition continues to receive high levels of support from QEP shareholders and the Company continues to recommend its shareholders vote in favor of this compelling and value-creating transaction at the quickly approaching Special Meeting of QEP stockholders on March 16, 2021 (Special Meeting). ....

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11 Best Natural Gas Stocks To Buy Now - Insider Monkey


11 Best Natural Gas Stocks To Buy Now
As the energy markets continue to recover following the availability of coronavirus vaccines and a decline in new COVID-19 cases, energy investors are hoping that natural gas stocks will rebound in 2021 and beyond. Natural gas stocks are linked to various volatile factors like weather, demand and global markets situation. While the demand of natural gas is expected to remain soft in the short term, the opportunity for long-term investors is huge in the industry. According to a report by EIA, total consumption of natural gas in 2021 is expected to be about 81.7 billion cubic feet per day (Bcf/d) , a decline of over 1% from 2020.  The decline is mainly driven by higher gas prices. The agency also estimates that industrial consumption in the year will average 23.0 Bcf/d in 2021, up 0.4 Bcf/d from last year, thanks to the recovery in the economic activity. ....

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