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EQV Ventures Acquisition Corp. Shareholders Approve Business Combination with Presidio
Globenewswire· 2026-02-28 01:00
Core Viewpoint - EQV Ventures Acquisition Corp. has received shareholder approval for its business combination with Presidio Investment Holdings LLC, a company focused on optimizing mature oil and gas assets in the U.S. [2][4] Company Overview - Presidio is headquartered in Fort Worth, TX, and operates mature oil and gas wells across the Mid-Continent, focusing on optimizing existing production and generating sustainable cash flow from low-decline, producing assets [5]. - EQV Ventures Acquisition Corp. is a special purpose acquisition company formed to merge with businesses, specifically in the oil and gas sector, and currently owns and operates over 3,500 wells across 10 states [7]. Transaction Details - The business combination is expected to close on or about March 4, 2026, with shares of the combined entity anticipated to trade on NYSE under the symbol "FTW" starting March 5, 2026 [3]. - Following the transaction's closing, Presidio plans to announce formal dividend timing details aligned with its shareholder return strategy, which emphasizes a capital-light platform with minimal reinvestment requirements [4].
PrimeEnergy Resources Corporation Announces Borrowing Base Reaffirmation and Pricing Reduction Under Credit Facility
Globenewswire· 2026-02-27 21:10
HOUSTON, Feb. 27, 2026 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) today announced that it has entered into a Fifth Amendment to its Fourth Amended and Restated Credit Agreement with its bank group, led by Citibank, N.A., as administrative agent. In connection with the scheduled semi-annual redetermination, the Company’s borrowing base was reaffirmed at $115.0 million. As of December 31, 2025 and February 27, 2026, the Company had no borrowings outstanding under the facility, leavin ...
Prospera Energy Highlights Industry Recognition and Consolidation of Core Saskatchewan Properties
TMX Newsfile· 2026-02-27 20:39
Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) ("Prospera", "PEI", the "Company", or the "Corporation")Calgary, Alberta--(Newsfile Corp. - February 27, 2026) - Prospera Energy is pleased to announce that the Company has been invited to present at an industry leadership presentation and a technical industry conference, reflecting growing industry recognition of Prospera's disciplined heavy oil reactivation strategy and operational execution across legacy assets in the Western Canadian Sedimentary Basin. ...
US oil output fell in December to lowest since June 2025, EIA says
Reuters· 2026-02-27 19:41
Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv The U.S. is the world's top oil-producing nation as well as its top consumer, but analysts have been expecting output to slow in response to the decline in oil prices in recent years. U.S. West Texas Intermediate crude futures were trading near $67 on Friday, compared with about $77.50 at the same time in 2024. Total U.S. petroleum demand rose 624,000 bpd to 20.85 million bpd in December, high ...
Cheniere Energy Q4 Earnings Miss Estimates, Revenues Rise Y/Y
ZACKS· 2026-02-27 18:16
Key Takeaways Cheniere Energy Q4 EPS missed estimates as margins fell despite 23% higher revenues.LNG's volumes lifted EBITDA by 30% to $2B; full-year 2026 DCF guidance is raised to $4.85B.LNG expanded buybacks to $10B and advanced Stage 3 trains and capacity plans.Cheniere Energy, Inc. (LNG) reported a fourth-quarter 2025 adjusted profit of $2.87 per share, which missed the Zacks Consensus Estimate of $3.83. The bottom line also decreased from the year-ago quarter’s level of $4.33, primarily due to lower t ...
Oil Tests the Resistance in the 65 Area Before the Breakout of the 67 Zone
FX Empire· 2026-02-27 16:28
Group 1 - Crude oil is showing signs of weakness despite ongoing geopolitical tensions, indicating that market positioning and underlying balance are becoming more significant than news and rumors [1] - New sanctions related to Iran and disruptions in the Strait of Hormuz have added a "risk premium" to crude prices, but market reactions have been measured rather than explosive [2] - Robust Russian exports, continued Iranian flows via shadow fleets, and US production near historical highs are complicating the ability of oil prices to maintain a bullish trend [2] Group 2 - The combination of opposing forces is creating uncertainty and price compression, with upcoming nuclear talks between the US and Iran potentially influencing price movements [3] - Recent price action on the Renko chart indicates a transition from a trend regime to a range, with sellers liquidating rallies and buyers seeking better support levels [4]
Oil Jumps as Iran Clock Ticks Toward Zero
Yahoo Finance· 2026-02-27 16:00
Oil ends the month on a firm footing as Iran tensions simmer, but muted attention on the upcoming OPEC+ meeting could set the stage for an unexpected production hike. Friday, February 27, 2026 Oil prices are finishing February on a high note, with the month’s last traded week posting a $1 per barrel gain as US-Iran tensions are mounting. Indirect talks held between Washington and Tehran this week in Geneva yielded no results, and Trump’s ’10- to 15-day’ deadline will be running out soon. Amidst all ...
What Makes Occidental Petroleum Corporation (OXY) an Investment Bet?
Yahoo Finance· 2026-02-27 15:27
Group 1: Market Overview - In Q4 2025, stock markets paused with the S&P 500 trading sideways from October to year-end, while the MCM Thematic Growth Strategy gained 11.98%, underperforming the S&P 500's 17.88% [1] - The AI boom significantly boosted the S&P 500 in 2025, but concerns arose regarding rising debt and the urgent need for R&D investments in advanced software and data centers [1] - Software stocks sharply declined in 2026 due to falling valuations and rising concerns about AI cannibalization [1] Group 2: Thematic Growth Strategy - The Thematic Growth Strategy aims to ease the load on mega-cap tech stocks and anticipates that other sectors will become increasingly sensitive in the coming months [1] - The letter discussed the effects of changing trends on the balance within the Thematic Growth Strategy [1] Group 3: Occidental Petroleum Corporation - Occidental Petroleum Corporation (NYSE:OXY) is highlighted as an investment opportunity, with a market capitalization of $50.724 billion and a one-month return of 13.31% [2] - The stock closed at $51.43 per share on February 26, 2026, and has gained 5.30% over the past 52 weeks [2] - The company has a strong shareholder base, with Berkshire Hathaway owning over 26% of the stock, and the five largest shareholders owning a combined 51.6% of shares, indicating limited availability for new buyers [3] - The energy sector has underperformed in recent years, and oil prices are currently considered depressed, making Occidental a strategic choice to capitalize on potential rises in oil prices [3]
Select Water Solutions (WTTR) Announces $175 Million Equity Offering
Yahoo Finance· 2026-02-27 15:16
The share price of Select Water Solutions, Inc. (NYSE:WTTR) fell by 4.44% between February 18 and February 25, 2026, putting it among the Energy Stocks that Lost the Most This Week. Select Water Solutions (WTTR) Announces $175 Million Equity Offering Select Water Solutions, Inc. (NYSE:WTTR) is a leader in water management and chemical technology serving customers in the oil and gas industry and other industrial applications. Select Water Solutions, Inc. (NYSE:WTTR) fell after the company announced a $17 ...
Shale after the US: unconventional production is going global
Yahoo Finance· 2026-02-27 15:16
Historically, shale and the US have been almost synonymous; shale was the silver bullet that in 2013 pushed the US from declining conventional production to global production dominance. It has since retained its top spot and its extensive geological resources continue to fuel the nation’s economy. The Energy Information Administration reports that crude oil production in the US Lower 48 shale plays increased annually by around 3% in the first half of 2025 to reach 11.1 million barrels of oil per day (mbbl ...