ConocoPhillips (NYSE:COP) is included among the 14 Best LNG Stocks to Buy Now. ConocoPhillips Looks to Sell Assets in the Permian Basin ConocoPhillips (NYSE:COP) is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves. A Bloomberg report on February 20 revealed that ConocoPhillips (NYSE:COP) is exploring the sale of some of its Permian Basin assets as part of its efforts to streamline its portfolio. The assets were acquired over the years throu ...

Core Insights - The InterGroup Corporation reported a net income per share of 71 cents for Q2 fiscal 2026, a significant improvement from a net loss of $1.26 per share a year earlier [1] - Total revenues increased by 20% to $17.3 million from $14.4 million in the prior-year quarter, with net income attributable to the company at $1.5 million compared to a net loss of $2.7 million a year earlier [2] Financial Performance - Hotel operations remained the largest revenue contributor, with hotel revenue rising 27% year over year to $12.7 million from $10 million [3] - Room revenue increased to $11.1 million from $8.4 million, supported by a higher average daily rate (ADR) of $234 compared to $190 and improved occupancy rates of 92% from 88% [3] - Operating income before interest and depreciation from the hotel segment rose to $2.2 million from $0.9 million, while mortgage interest expense declined to $2.4 million from $2.8 million [4] Real Estate and Investment Performance - Real estate operations contributed to growth, with revenue increasing to $4.6 million from $4.5 million, and segment income of $2.2 million compared to $2.3 million in the prior-year period [4] - Investment transactions produced a smaller net loss of $0.3 million compared to $0.9 million a year earlier, reflecting reduced volatility in marketable securities [5] Management Insights and Market Conditions - Management noted that hotel results benefited from returning 14 renovated guest rooms to available inventory, although the San Francisco hospitality market faces challenges such as slower recovery in business travel and remote work trends [6] - These factors have shifted the hotel's revenue mix toward leisure travel, potentially limiting future growth [6] Liquidity and Balance Sheet - As of Dec. 31, 2025, the company had $6.6 million in cash and cash equivalents and $8.4 million in restricted cash, with total assets of $101.1 million and total liabilities of $215.7 million [7] - The company reported a shareholders' deficit of $114.5 million, indicating a leveraged capital structure with substantial mortgage obligations [7] Recent Developments - In December 2025, the company completed the sale of a non-core 12-unit multifamily property in Los Angeles for $4.9 million, recognizing a gain of $3.5 million [8] - The transaction generated net cash proceeds of approximately $2.6 million after repayment of related mortgage debt, aligning with the company's capital allocation strategy [8]

Core Viewpoint - SM Energy Company has made significant strides in its capital structure by agreeing to sell its Galvan Ranch assets for $950 million, which is expected to reduce debt and enhance financial stability [2][4]. Group 1: Company Overview - SM Energy Company (NYSE:SM) is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States [2]. - The company has seen its share price increase by 10.25% from February 13 to February 20, 2026, ranking it among the top-performing energy stocks for that week [1]. Group 2: Asset Sale Details - The company has decided to sell approximately 61,000 net acres and around 260 producing wells in the southern Maverick Basin position in Texas, along with related support facilities [3]. - These assets are projected to produce an average output of approximately 37-39 MBoe/d in 2026 and generate around $160 million in asset-level cash flows, excluding corporate burdens [3]. - As of the end of 2025, the net proved reserves associated with these assets were approximately 168 MMBoe [3]. Group 3: Management Commentary and Market Response - Beth McDonald, President and CEO of SM Energy, stated that the asset sale aligns with the company's priority of selling over $1.0 billion in assets, which will aid in debt reduction and capital structure strengthening [4]. - Following the announcement of the asset sale, Roth Capital raised its price target on SM Energy from $23 to $24 while maintaining a 'Buy' rating, and Stephens increased its price target from $48 to $49, viewing the divestiture positively [4].

Core Viewpoint - Equinor has agreed to sell its onshore assets in Argentina's Vaca Muerta basin to Vista Energy for approximately $1.1 billion, which includes a cash payment and contingent payments based on production and oil prices over five years [1][2]. Group 1: Transaction Details - The sale includes a 30% non-operated stake in the Bandurria Sur licence and a 50% non-operated stake in the Bajo del Toro asset [1]. - Equinor will receive an upfront cash payment of $550 million and shares in Vista upon closing [1]. - The transaction is scheduled to take effect on July 1, 2025, and does not impact Equinor's offshore holdings in Argentina [2]. Group 2: Strategic Implications - The sale is part of Equinor's strategy to enhance financial flexibility and focus on core international markets, with expectations of production and cash flow growth by 2030 [2][3]. - Equinor's production from Bandurria Sur averaged 24,400 barrels of oil equivalent per day, while Bajo del Toro contributed 2,100 boepd in Q3 2025 [3]. - The company retains optionality through its offshore positions in Argentina, which include exploration licences acquired in 2019 [4]. Group 3: Future Prospects - Equinor's international portfolio is expected to expand, particularly through operations in Brazil, the US, and the UK [2]. - The offshore exploration licences in Argentina are currently undergoing subsurface evaluation to identify commercially viable opportunities [4]. - Recent discoveries in the Norwegian North Sea indicate ongoing exploration success, with initial estimates of recoverable oil equivalent at the Lofn prospect ranging from 3.5 to 10 million standard cubic metres [5].

Core Viewpoint - Zoned Properties, Inc. has announced the sale and liquidation of 100% of its assets and operations, indicating a significant strategic shift for the company [1] Transaction Highlights - The company has established a Special Transactions Committee composed of three independent directors to negotiate and oversee the transactions on behalf of shareholders [1]

Core Insights - Shell plc and Exxon Mobil Corporation have abandoned their planned sale of U.K. North Sea natural gas assets to Viaro Energy due to unmet conditions for deal completion [1][9] - The sale was part of Shell's review of its Southern North Sea portfolio and aligned with Exxon's strategy to reduce its U.K. presence [2] Deal Collapse - Evolving commercial and market conditions were cited by Shell as reasons for not completing the transaction, despite extensive negotiations [3] - The North Sea Transition Authority's prolonged review and request for additional information from Viaro Energy contributed to the deal's abandonment [4] Strategic Importance of Assets - The assets included 11 offshore gas fields, an exploration prospect, and the Bacton gas terminal, which is crucial for U.K. gas supply [5] - Bacton is described as strategically important, capable of supplying up to one-third of the U.K.'s gas demand at peak levels [5] Future Considerations - Shell and Exxon must now explore alternative buyers for the asset portfolio, with previous interest from companies like Ithaca Energy and Perenco [7] - The strategic value of the assets may attract renewed interest as market and regulatory conditions change [7] Industry Context - BP is also planning to sell its stakes in the U.K. North Sea, having announced a sale to Serica Energy for $232 million, which is expected to provide exploration and production opportunities [8]

Core Insights - Del Monte Foods has reached asset purchase agreements across all its business segments, including Vegetable, Fruit, Tomato, and Broth & Stock, with three successful bidders [1][2] - The transactions are expected to provide a clear path for the company's assets and operations to continue under new ownership, representing the highest offers for the company's assets [2] Company Operations - The CEO of Del Monte Foods emphasized the successful outcome of the sale process, highlighting the enduring value of the company's brands and operations [3] - The company is committed to supporting a smooth transition of operations and continues to serve customers and fulfill orders across its portfolio of brands during this period [4] Sale Transactions Details - The successful bidders include Fresh Del Monte Produce Inc., which will acquire the vegetable, tomato, and refrigerated fruit business assets, and B&G Foods, Inc., which will acquire the Broth & Stock business segment [7] - Pacific Coast Producers will acquire the shelf-stable fruit business assets, including rights to use the Del Monte® and S&W® brands for shelf-stable packaged ambient fruit and sauces in the U.S. and Mexico [7] Transition Process - The sale transactions are subject to approval by the U.S. Bankruptcy Court, with a hearing scheduled for January 28, 2026, and are expected to close by the end of the first quarter of 2026 [3]

Core Viewpoint - Lundin Mining has successfully completed the sale of its subsidiary Lundin Mining US, which owned the Eagle mine and Humboldt mill, to Talon Metals for $127 million (C$176.21 million) [1] Group 1: Transaction Details - The definitive share purchase agreement for the sale was signed in December 2025, marking the transfer of assets to Talon Metals [1] - Lundin Mining received approximately 275.1 million common shares in Talon Metals as compensation, which represents about 18.61% of Talon Metals' issued and outstanding shares on a non-diluted basis [3][4] - Following the transaction, Lundin Mining's stake in Talon Metals increased to approximately 19.86%, totaling 293.7 million shares [2][4] Group 2: Company Statements - Talon Metals CEO Darby Stacey expressed gratitude to Lundin Mining for their support over the past 13 years and expressed excitement for future collaboration [3] - Lundin Mining's president and CEO Jack Lundin stated confidence in the transaction's potential to generate sustained value for stakeholders and expressed eagerness to support Talon Metals [6] Group 3: Strategic Positioning - With the completion of this transaction, Lundin Mining is positioned as a pure-play copper company, focusing on growth to become a top-ten global copper producer through the development of the Vicuña District [7] - Prior to this transaction, Lundin Mining held 18.5 million shares in Talon Metals, accounting for approximately 1.57% of the issued shares [4] Group 4: Additional Agreements - An investor rights agreement was signed, granting Lundin Mining certain director nomination and anti-dilution rights [4] - A lock-up agreement restricts Lundin Mining from acquiring or selling Talon Metals' shares for up to 24 months [5]

Group 1 - The sale of the lubricants business is part of the British energy giant's strategy to raise $20 billion through asset sales [1] - This divestment aligns with the company's broader efforts to streamline operations and focus on core areas of growth [1] - The lubricants business is expected to attract significant interest from potential buyers due to its established market presence [1] Group 2 - The company aims to utilize the proceeds from asset sales to strengthen its balance sheet and invest in renewable energy projects [1] - This move reflects a growing trend in the energy sector where companies are divesting non-core assets to enhance financial flexibility [1] - The planned asset sales are part of a larger restructuring initiative aimed at improving operational efficiency and shareholder returns [1]

Core Viewpoint - Trigon Metals Inc. has successfully completed the sale of its interest in the Kombat Mine to Kamino Minerals Limited, which will now manage the asset, allowing Trigon to focus on its Addana Project in Morocco and enhancing its financial position [1][2][3]. Transaction Details - The transaction involved the sale of 100% of shares in Kombat Streamco Corp. and PNT Financeco Corp., along with an intercompany loan of $57,560,875 [5]. - The total cash consideration for the transaction is US$24,000,000, structured as US$1.00 for Trigon Ontario shares and US$23,999,999 for PNT shares and the PNT Loan, with payments made in eight equal installments starting April 4, 2026 [6]. - An additional cash payment, termed the Production Payment, will be made once the Kombat Mine achieves specific production milestones, ranging from US$3,500,000 to US$13,000,000 based on copper prices [7]. Financial Implications - The completion of the sale significantly strengthens Trigon's balance sheet, providing full funding for an aggressive exploration program at the Addana Project, which is expected to unlock its copper potential [3]. - Trigon will receive a royalty of 1.0% on copper net smelter returns, payable if the invoiced copper price exceeds $4.00 per pound, for up to 20 quarters [8]. - The amount payable to Horizon under a loan agreement will be reduced by US$3,975,494 as part of the transaction [9]. Conditions and Approvals - The transaction was finalized after obtaining necessary regulatory and shareholder approvals, including consent from the Namibian Competition Commission and conditional approval from the TSX Venture Exchange [13]. - The company has satisfied all conditions precedent to closing, ensuring a smooth transition of ownership [13]. Company Overview - Trigon Metals Inc. is a publicly-traded Canadian exploration and development company focused on copper and silver in mining-friendly African jurisdictions, with projects in Namibia and Morocco [16].