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Hot Stocks
Civitas adds premium assets in DJ Basin with acquisition of Crestone Peak » 08:07
06/07/21
06/07
08:07
06/07/21
08:07
BCEI

Bonanza Creek

$47.19 /

+1.5 (+3.28%)

, XOG

Extraction Oil & Gas

$54.64 /

+1.665 (+3.14%)

Civitas Resources, a…

Civitas Resources, a Colorado energy leader that will be formed upon closing of the recently-announced merger of Bonanza Creek Energy, Inc. (BCEI) and Extraction Oil & Gas, Inc. (XOG), announced that it has materially advanced its consolidation strategy in the Denver-Julesburg Basin by entering into a definitive agreement to acquire Crestone Peak Resources, another energy producer in the region. Civitas is expected to have an enterprise value of approximately $4.5B, and will be optimally positioned to increase efficiencies through combining operations across more than half a million net acres and an estimated production base of approximately 160,000 barrels of oil equivalent per day. The agreement to acquire Crestone represents the most recent initiative in Civitas' execution of the new E&P business model that has been actively embraced by each of Bonanza Creek and Extraction. The acquisition of Crestone is expected to be accretive on all 2022 estimated key metrics, including cash flow per share, dividends per share, inventory quality, credit profile and cost of capital. Civitas, pro forma for the Crestone transaction, is expected to generate more than $1.3B in 2022E EBITDA and more than $575M in 2022E free cash flow. Following the closing of the transaction with Crestone, Civitas' board of directors will increase from eight to nine. Each of Bonanza Creek and Extraction will designate four directors, with CPP Investments designating one director. All board members will stand for re-election annually. As previously announced, Bonanza Creek President and Chief Executive Officer, Eric Greager, will serve as President and CEO of Civitas.

ShowHide Related Items >><<
XOG Extraction Oil & Gas
$54.64 /

+1.665 (+3.14%)

BCEI Bonanza Creek
$47.19 /

+1.5 (+3.28%)

BCEI Bonanza Creek
$47.19 /

+1.5 (+3.28%)

05/12/21 Truist
Bonanza Creek price target raised to $54 from $45 at Truist
04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
11/23/20 Stifel
HighPoint Resources downgraded to Sell from Buy at Stifel
XOG Extraction Oil & Gas
$54.64 /

+1.665 (+3.14%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
BCEI Bonanza Creek
$47.19 /

+1.5 (+3.28%)

Over a week ago
Hot Stocks
Einhorn's Greenlight Capital buys FinServ Acquisition, exits NCR in Q1 » 18:47
05/17/21
05/17
18:47
05/17/21
18:47
FSRV

FinServ Acquisition Corp

$11.12 /

-0.22 (-1.94%)

, WPF

Foley Trasimene Acquisition Corp.

$10.19 /

+0.1 (+0.99%)

, SPNV

Supernova Partners Acquisition

$9.88 /

-0.015 (-0.15%)

, GPRO

GoPro

$9.88 /

+ (+0.00%)

, XOG

Extraction Oil & Gas

$48.74 /

+1.68 (+3.57%)

, NCR

NCR Corp.

$49.38 /

+1.065 (+2.20%)

, DNMR

Danimer Scientific

$17.90 /

+0.135 (+0.76%)

, CNXC

Concentrix

$151.11 /

-4.39 (-2.82%)

, APG

APi Group

$19.41 /

-0.22 (-1.12%)

, SATS

EchoStar

$26.60 /

-0.065 (-0.24%)

, ADT

ADT Inc.

$9.18 /

-0.125 (-1.34%)

, GRBK

Green Brick

$23.01 /

+0.06 (+0.26%)

David Einhorn's…

David Einhorn's Greenlight Capital disclosed in an SEC filing its holdings as of March 31, 2021. Among Greenlight's new buys during the first quarter were, by size of position, FinServ Acquisition (FSRV), Foley Trasimene Acquisition (WPF), Supernova Partners Acquisition (SPNV), GoPro (GPRO), and Extraction Oil & Gas (XOG). The fund exited its position in NCR Corporation (NCR) during the period. Greenlight increased its positions in Danimer Scientific (DNMR), Concentrix (CNXC), APi Group (APG), Echostar (SATS), and ADT (ADT). Greenlight decreased its stake in Green Brick (GRBK) in the first quarter.

ShowHide Related Items >><<
XOG Extraction Oil & Gas
$48.74 /

+1.68 (+3.57%)

WPF Foley Trasimene Acquisition Corp.
$10.19 /

+0.1 (+0.99%)

SATS EchoStar
$26.60 /

-0.065 (-0.24%)

NCR NCR Corp.
$49.38 /

+1.065 (+2.20%)

GRBK Green Brick
$23.01 /

+0.06 (+0.26%)

GPRO GoPro
$9.88 /

+ (+0.00%)

FSRV FinServ Acquisition Corp
$11.12 /

-0.22 (-1.94%)

DNMR Danimer Scientific
$17.90 /

+0.135 (+0.76%)

CNXC Concentrix
$151.11 /

-4.39 (-2.82%)

APG APi Group
$19.41 /

-0.22 (-1.12%)

ADT ADT Inc.
$9.18 /

-0.125 (-1.34%)

FSRV FinServ Acquisition Corp
$11.12 /

-0.22 (-1.94%)

WPF Foley Trasimene Acquisition Corp.
$10.19 /

+0.1 (+0.99%)

SPNV Supernova Partners Acquisition
$9.88 /

-0.015 (-0.15%)

GPRO GoPro
$9.88 /

+ (+0.00%)

02/08/21 Citi
GoPro price target raised to $6 from $3 at Citi
06/29/20 JPMorgan
GoPro assumed with a Neutral at JPMorgan
06/11/20 Morgan Stanley
Morgan Stanley recommends Overweight Sonos, Underweight GoPro pair trade
XOG Extraction Oil & Gas
$48.74 /

+1.68 (+3.57%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
NCR NCR Corp.
$49.38 /

+1.065 (+2.20%)

05/10/21 Morgan Stanley
NCR Corp. price target raised to $62 from $53 at Morgan Stanley
04/28/21 Oppenheimer
NCR Corp. price target raised to $50 from $45 at Oppenheimer
04/20/21 Wells Fargo
NCR Corp. price target raised to $55 from $50 at Wells Fargo
04/08/21 Morgan Stanley
NCR Corp. price target raised to $51 from $47 at Morgan Stanley
DNMR Danimer Scientific
$17.90 /

+0.135 (+0.76%)

02/09/21 Jefferies
Danimer Scientific price target raised to $66 from $49 at Jefferies
01/06/21 Jefferies
Danimer Scientific initiated with a Buy at Jefferies
CNXC Concentrix
$151.11 /

-4.39 (-2.82%)

01/07/21 Cross Research
Concentrix initiated with a Buy at Cross Research
12/08/20 Stifel
Synnex downgraded to Hold from Buy at Stifel
12/07/20 BofA
Concentrix initiated with a Buy at BofA
12/07/20 BofA
Concentrix initiated with a Buy at BofA
APG APi Group
$19.41 /

-0.22 (-1.12%)

02/16/21 Citi
APi Group price target raised to $22 from $21 at Citi
12/14/20 Barclays
APi Group price target raised to $21 from $20 at Barclays
09/22/20 Barclays
APi Group initiated with an Overweight at Barclays
08/17/20 UBS
APi Group price target raised to $20 from $15 at UBS
SATS EchoStar
$26.60 /

-0.065 (-0.24%)

01/25/21 Citi
EchoStar price target lowered to $27 from $30 at Citi
ADT ADT Inc.
$9.18 /

-0.125 (-1.34%)

03/11/21
Fly Intel: Top five analyst upgrades
03/11/21 Deutsche Bank
ADT upgraded to Buy on potential of Google solution at Deutsche Bank
03/11/21 Deutsche Bank
ADT Inc. upgraded to Buy from Hold at Deutsche Bank
03/05/21 Deutsche Bank
ADT Inc. price target lowered to $8 from $10 at Deutsche Bank
GRBK Green Brick
$23.01 /

+0.06 (+0.26%)

05/06/21 B. Riley
Green Brick price target raised to $35 from $31 at B. Riley
03/11/21 B. Riley
Green Brick price target raised to $31 from $29 at B. Riley Securities
12/21/20 B. Riley
Green Brick price target raised to $28 from $24 at B. Riley Securities
11/25/20 BTIG
Green Brick downgraded to Neutral from Buy at BTIG
SATS EchoStar
$26.60 /

-0.065 (-0.24%)

NCR NCR Corp.
$49.38 /

+1.065 (+2.20%)

GRBK Green Brick
$23.01 /

+0.06 (+0.26%)

GPRO GoPro
$9.88 /

+ (+0.00%)

DNMR Danimer Scientific
$17.90 /

+0.135 (+0.76%)

CNXC Concentrix
$151.11 /

-4.39 (-2.82%)

APG APi Group
$19.41 /

-0.22 (-1.12%)

ADT ADT Inc.
$9.18 /

-0.125 (-1.34%)

  • 26
    Jan
  • 16
    Sep
SPNV Supernova Partners Acquisition
$9.88 /

-0.015 (-0.15%)

NCR NCR Corp.
$49.38 /

+1.065 (+2.20%)

DNMR Danimer Scientific
$17.90 /

+0.135 (+0.76%)

ADT ADT Inc.
$9.18 /

-0.125 (-1.34%)

NCR NCR Corp.
$49.38 /

+1.065 (+2.20%)

GRBK Green Brick
$23.01 /

+0.06 (+0.26%)

GPRO GoPro
$9.88 /

+ (+0.00%)

FSRV FinServ Acquisition Corp
$11.12 /

-0.22 (-1.94%)

DNMR Danimer Scientific
$17.90 /

+0.135 (+0.76%)

ADT ADT Inc.
$9.18 /

-0.125 (-1.34%)

WPF Foley Trasimene Acquisition Corp.
$10.19 /

+0.1 (+0.99%)

GPRO GoPro
$9.88 /

+ (+0.00%)

FSRV FinServ Acquisition Corp
$11.12 /

-0.22 (-1.94%)

DNMR Danimer Scientific
$17.90 /

+0.135 (+0.76%)

CNXC Concentrix
$151.11 /

-4.39 (-2.82%)

ADT ADT Inc.
$9.18 /

-0.125 (-1.34%)

Over a month ago
Hot Stocks
Bonanza Creek, Extraction see transaction closing in Q3  08:08
05/10/21
05/10
08:08
05/10/21
08:08
BCEI

Bonanza Creek

$37.42 /

-0.55 (-1.45%)

, XOG

Extraction Oil & Gas

$43.53 /

+1.08 (+2.54%)

 
ShowHide Related Items >><<
XOG Extraction Oil & Gas
$43.53 /

+1.08 (+2.54%)

BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
11/23/20 Stifel
HighPoint Resources downgraded to Sell from Buy at Stifel
11/12/20 Truist
Bonanza Creek price target raised to $25 from $21 at Truist
XOG Extraction Oil & Gas
$43.53 /

+1.08 (+2.54%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

Hot Stocks
Bonanza Creek CEO Eric Greager to be President and CEO of Civitas  08:08
05/10/21
05/10
08:08
05/10/21
08:08
BCEI

Bonanza Creek

$37.42 /

-0.55 (-1.45%)

, XOG

Extraction Oil & Gas

$43.53 /

+1.08 (+2.54%)

 
ShowHide Related Items >><<
XOG Extraction Oil & Gas
$43.53 /

+1.08 (+2.54%)

BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
11/23/20 Stifel
HighPoint Resources downgraded to Sell from Buy at Stifel
11/12/20 Truist
Bonanza Creek price target raised to $25 from $21 at Truist
XOG Extraction Oil & Gas
$43.53 /

+1.08 (+2.54%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

Hot Stocks
Bonanza Creek, Extraction Oil & Gas to combine in all-stock merger of equals » 08:07
05/10/21
05/10
08:07
05/10/21
08:07
BCEI

Bonanza Creek

$37.42 /

-0.55 (-1.45%)

, XOG

Extraction Oil & Gas

$43.53 /

+1.08 (+2.54%)

Bonanza Creek Energy…

Bonanza Creek Energy (BCEI) and Extraction Oil & Gas (XOG) announced that they have entered into a definitive agreement to combine in an all-stock merger of equals. The combined company, to be named Civitas Resources, will be the largest pure-play energy producer in Colorado's Denver-Julesburg Basin, with an aggregate enterprise value of approximately $2.6B, the companies said in a statement. The combined company will operate across approximately 425,000 net acres, with a production base of 117 thousand barrels of oil equivalent per day. The transaction is expected to be significantly accretive to free cash flow and other per-share metrics. Civitas expects to achieve annual expense and capital savings of approximately $25M. Bonanza Creek's recently announced annual dividend of $1.40 per share is expected to be increased by Civitas to $1.60 per share effective at closing, with such increase representing a distribution of approximately half of the transaction synergies to Civitas' shareholder base. Bonanza Creek President and CEO, Eric Greager, will serve as President and CEO of Civitas. Other senior leadership positions will be filled by current executives of Bonanza Creek and Extraction. Extraction Chairman of the Board, Ben Dell, will serve as Chairman of Civitas, and each of Bonanza Creek and Extraction will nominate four directors to Civitas' diverse, eight-member Board. Under the terms of the definitive merger agreement, Extraction shareholders will receive a fixed exchange ratio of 1.1711 shares of Bonanza Creek common shares for each share of Extraction common stock owned on the closing date. Based on the exchange ratio and the closing price of Bonanza Creek's common stock on May 7, 2021, Civitas would have an aggregate enterprise value of approximately $2.6B. Upon completion of the transaction, Bonanza Creek and Extraction shareholders will each own approximately 50.0% of Civitas, both on a fully diluted basis. The transaction, which is expected to close in the third quarter of 2021, has been unanimously approved by the boards of directors of both companies. Funds managed by Kimmeridge Energy own approximately 38% percent of the outstanding shares of Extraction and have entered into a support agreement to vote in favor of the transaction. The closing of the merger is subject to customary closing conditions, including approvals by Bonanza Creek and Extraction shareholders.

ShowHide Related Items >><<
XOG Extraction Oil & Gas
$43.53 /

+1.08 (+2.54%)

BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
11/23/20 Stifel
HighPoint Resources downgraded to Sell from Buy at Stifel
11/12/20 Truist
Bonanza Creek price target raised to $25 from $21 at Truist
XOG Extraction Oil & Gas
$43.53 /

+1.08 (+2.54%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

Hot Stocks
Bonanza Creek, Extraction Oil & Gas to combine in all-stock merger of equals  08:05
05/10/21
05/10
08:05
05/10/21
08:05
BCEI

Bonanza Creek

$37.42 /

-0.55 (-1.45%)

, XOG

Extraction Oil & Gas

$43.53 /

+1.08 (+2.54%)

 
ShowHide Related Items >><<
XOG Extraction Oil & Gas
$43.53 /

+1.08 (+2.54%)

BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
04/21/21 Truist
Bonanza Creek upgraded to Buy from Hold at Truist
11/23/20 Stifel
HighPoint Resources downgraded to Sell from Buy at Stifel
11/12/20 Truist
Bonanza Creek price target raised to $25 from $21 at Truist
XOG Extraction Oil & Gas
$43.53 /

+1.08 (+2.54%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
BCEI Bonanza Creek
$37.42 /

-0.55 (-1.45%)

Syndicate
Extraction Oil & Gas files to sell 15.93M shares of common stock for holders  17:17
04/30/21
04/30
17:17
04/30/21
17:17
XOG

Extraction Oil & Gas

$41.40 /

-0.1 (-0.24%)

 
ShowHide Related Items >><<
XOG Extraction Oil & Gas
$41.40 /

-0.1 (-0.24%)

XOG Extraction Oil & Gas
$41.40 /

-0.1 (-0.24%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
Hot Stocks
Extraction Oil & Gas reports Q1 average net sales volumes 71.6 MBoe/d » 08:21
04/26/21
04/26
08:21
04/26/21
08:21
XOG

Extraction Oil & Gas

$40.05 /

-0.29 (-0.72%)

Extraction Oil & Gas…

Extraction Oil & Gas provided preliminary financial and operational results for the first quarter of 2021. First Quarter 2021 Highlights: Achieved average net sales volumes of 71.6 MBoe/d, including 26.0 MBbl/d of crude oil and 18.3 MBbl/d of natural gas liquids, for the three months ended March 31, 2021; Realized prices of approximately $54.61/Bbl for crude oil, $8.47/Mcf for natural gas and $24.13/Bbl for NGLs for the three months ended March 31, 2021; Incurred approximately $31 million in capital expenditures during the quarter drilling 11 gross wells with an average lateral length of 2.2 miles and completing 15 gross wells with an average lateral length of 2.1 miles; Exited the quarter with $94 million of borrowings under the Company's $500 million credit facility and $38 million in cash as of March 31, 2021; Extraction expects to exit the second quarter of 2021 with net debt of $100-125 million after making a $94 million ad valorem tax payment in April 2021.

ShowHide Related Items >><<
XOG Extraction Oil & Gas
$40.05 /

-0.29 (-0.72%)

XOG Extraction Oil & Gas
$40.05 /

-0.29 (-0.72%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
Conference/Events
Extraction Oil & Gas management to meet virtually with KeyBanc » 04:55
03/31/21
03/31
04:55
03/31/21
04:55
XOG

Extraction Oil & Gas

$35.45 /

-0.15 (-0.42%)

Virtual Meeting to be…

Virtual Meeting to be held on March 31 hosted by KeyBanc.

ShowHide Related Items >><<
XOG Extraction Oil & Gas
$35.45 /

-0.15 (-0.42%)

XOG Extraction Oil & Gas
$35.45 /

-0.15 (-0.42%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
04/23/20 Imperial Capital
Extraction Oil & Gas rating withdrawn at Imperial Capital
04/03/20 Wells Fargo
Wells Fargo says oil markets heading into eye of 'perfect storm' in Q2
Conference/Events
Extraction Oil & Gas management to meet virtually with KeyBanc » 10:17
03/30/21
03/30
10:17
03/30/21
10:17
XOG

Extraction Oil & Gas

$35.37 /

-0.23 (-0.65%)

Virtual Meeting to be…

Virtual Meeting to be held on March 31 hosted by KeyBanc.

ShowHide Related Items >><<
XOG Extraction Oil & Gas
$35.37 /

-0.23 (-0.65%)

XOG Extraction Oil & Gas
$35.37 /

-0.23 (-0.65%)

02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight at Wells Fargo
02/16/21 Wells Fargo
Extraction Oil & Gas upgraded to Overweight from Underweight at Wells Fargo
04/23/20 Imperial Capital
Extraction Oil & Gas rating withdrawn at Imperial Capital
04/03/20 Wells Fargo
Wells Fargo says oil markets heading into eye of 'perfect storm' in Q2

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