Precious metals miner SSR Mining (NASDAQ: SSRM) was surely worth its weight in gold, silver, zinc, etc. to many investors on Wednesday. They cheered the company's update of an asset sale, sending the shares up by almost 7% across the day's trading. 1.5 billion reasons to like SSR In a tersely worded press release, SSR said it has signed a definitive agreement to sell its 80% holding in the Çöpler mine, along with related assets, located in Turkey. The purchaser is Cengiz Holding, a sprawling industrial c ...

Monroe Capital logo Key Points Stockholders approved both the asset sale and merger proposals at the March 13, 2026 special meeting, with 11,645,478 shares (53.74%) voting for the asset sale and 11,636,057 shares (53.70%) voting for the merger. The meeting met quorum (13,677,893 shares, or ~63.13% of outstanding shares), the board recommended approval, and the company said the inspector will file a final report and it will file a Form 8‑K with the SEC within four business days. Interested in Monroe C ...

Farrer Park is exploring a sale of assets including a hospital, medical center and hotel in Singapore, according to sources https://t.co/SBS9vBuiiW ...

River Global has reached a conditional agreement to transfer its entire asset management business to Liontrust Asset Management. The deal involves the sale of River Global Holdings Limited, the group’s asset management holding company. Under the agreed terms, Liontrust will pay an initial £7.6m ($10.1m) in shares. A further payment of up to £2.1m, also in shares, is contingent on certain revenue targets being met within a year after completion. Upon deal completion, River Global’s fund management oper ...

Group 1 - Frontera Energy has signed a definitive agreement with Parex Resources for the sale of its Colombian exploration and production assets, valued at $750 million, including debt [1][2] - Parex will acquire these assets for an equity consideration of up to $525 million, with $500 million due at closing and an additional $25 million contingent upon an extension of the Quifa association contract within 12 months [1][2] - The total transaction value includes Frontera's $310 million in 2028 senior unsecured notes and an $80 million Chevron prepayment facility [2] Group 2 - Frontera Energy's CEO stated that Parex, as the largest independent operator in Colombia, brings strong operational and financial capabilities, ensuring continuity for employees, partners, and communities [2] - Following the agreement, Frontera will transition to a pure-play infrastructure company with approximately $77 million in distributable cash flows and several growth catalysts at Puerto Bahia [3] - The agreement with Parex follows a revised proposal that offered an additional $125 million in equity consideration compared to a previous arrangement with GeoPark [3][4] Group 3 - Frontera intends to distribute approximately $470 million to shareholders after closing, subject to shareholder approval, which is expected to be around C$9.18 per share [4] - The remaining business will focus on infrastructure assets, including a 35% stake in the Oleoducto de los Llanos Orientales pipeline and a 99.97% interest in Sociedad Portuaria Puerto Bahia [5] - Upon completion of the transaction, Frontera estimates it will retain around $50 million in cash and equivalents to support strategic initiatives within its infrastructure business [6]

Core Insights - Braemar Hotels & Resorts sold The Clancy hotel in San Francisco for $115 million, achieving a capitalization rate of 5.2% based on trailing net operating income [1] - The company is in the process of evaluating options to create shareholder value, including a potential sale of the company or its assets, with no definitive timetable set [2] - The fourth-quarter results showed mixed operational performance, with revenue growth driven by resort properties despite challenges from renovations and weather [3][5] Financial Performance - The company reported a net loss of $46 million for Q4 and a full-year net loss of $72.7 million, with adjusted EBITDAre of $28.8 million for the quarter and $147 million for the year [4][16] - Comparable total revenue increased by 1.8% in Q4, while full-year comparable total revenue grew by 2.8% [5][12] - The company had approximately $124 million in cash and $42.5 million in restricted cash, with total loans of $1.1 billion at a blended interest rate of 6.7% [4][17] Operational Highlights - Comparable Q4 RevPAR was flat, but resort properties saw a 4.1% increase in RevPAR, contributing to overall revenue growth [5][7] - Notable performance was observed at The Ritz-Carlton Sarasota and Four Seasons Scottsdale, with RevPAR increases of 26% and 12% respectively [10][18] - The company invested approximately $78 million in capital expenditures in 2025 and plans to spend between $25 million and $35 million in 2026 [15] Strategic Initiatives - Braemar engaged Robert W. Baird & Co. to assist in the company sale process while also evaluating individual asset sales [2][6] - The company completed several renovations and repositioning efforts, including the conversion of Cameo Beverly Hills to an LXR Hotels & Resorts property [14] - The board has not declared a common dividend for 2026 due to the ongoing sale process [20]

Group 1 - ConocoPhillips is recognized as one of the largest independent exploration and production companies globally, focusing on oil and natural gas production and proved reserves [2] - The company is exploring the sale of certain assets in the Permian Basin, which were acquired through previous deals, and these assets are expected to generate approximately $2 billion [3] - In its Q4 2025 earnings call, ConocoPhillips reported over $3 billion in asset sales for the year, with $1.6 billion received in the fourth quarter, and has increased its divestiture target to $5 billion by the end of 2026 [4] Group 2 - ConocoPhillips has been included in lists of the best stocks to buy, highlighting its potential as a strong investment opportunity [1][4]

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].