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Windig an der Küste und Wolken in Mecklenburg-Vorpommern abendblatt.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abendblatt.de Daily Mail and Mail on Sunday newspapers.
By Dave Rogers2020-12-23T10:13:00+00:00 Firm to now sink £16.5m into red this year Civils specialist NMCN has told investors that its losses from a series of problem water contracts will now be £1.5m more than expected. In October, the firm, previously known as North Midland Construction, said a review of its major contracts had uncovered several issues which it said will see it rack up a pre-tax loss of between £13m and £15m for 2020. NMCN will nosedive £16.5m into the red when it reports its 2020 results next year But in a trading update this morning, the firm said this figure had now gone out to £16.5m. ....
Permian Pure Play Diamondback Adds Heft to Portfolio with QEP, Guidon Tie-Ups Diamondback Energy Inc. is expanding its leasehold in the Permian Basin with two separate cash and stock deals valued at a combined roughly $3 billion that are seen boosting cash flow and shareholder returns. The Midland, TX-based independent agreed to acquire QEP Resources in an all-stock transaction valued at around $2.2 billion, including QEP’s net debt of $1.6 billion. Under the deal, already approved by each company’s board, QEP shareholders would receive 0.05 shares of Diamondback common stock for each share of QEP common stock, representing an implied value to each QEP stockholder of $2.29 per share based on the closing price of Diamondback common stock on Dec. 18. ....
Diamondback Energy makes acquisitions of two Midland businesses With this acquisition, Diamondback says a significant majority of its capital will now be allocated to the Northern Midland Basin. Author: NewsWest 9 Updated: 5:41 PM CST December 21, 2020 MIDLAND, Texas Diamondback Energy announced two major transactions on December 21. The first involves the acquisition of Guidon Operating LLC. The company said it will acquire leasehold interests and related interests in exchange for 10.63 million shares of Diamondback common stock and $375 million of cash. This exchange will also include eight incomplete wells and 32,500 net acres in the Permian Basin. The second transaction involves Diamondback acquiring QEP in an all-stock transaction. ....
QEP Resources to be acquired by Diamondback Energy in $2.2 billion deal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.