The following communications are being filed in connection with the proposed merger of Cimarex Energy Co. (“Cimarex”) and Cabot Oil & Gas Corporation (“Cabot”). Monday, May 24 2021 . David Blackmon is an independent energy analyst/consultant based in Mansfield, TX. Cimarex shares tumbled 7.2% to $66.07, while Cabot's stock fell 6.9% to $16.59. Cabot Oil & Gas and Cimarex Energy announced an all-stock merger on Monday as shale oil stocks continue to get bigger.. X. Cimarex shareholders will receive 4.0146 shares of … buying Parsley Energy and DoublePoint; Devon buying WPX Energy WPX and ConocoPhillips COP acquiring Concho last year. Cimarex Energy and Cabot Oil and Gas to combine in all-stock merger of equals May 24, 2021 Denver’s Cimarex Energy Co., a firm with heavy exploration efforts in Oklahoma announced Monday it is merging with Houston-based Cabot Oil & Gas Corporation in an all-stock deal worth nearly $17 billion. Back in 2018 when Cimarex itself acquired Resolute Energy for $1.6 billion their acreage holdings were right next to each other. Oil and natural gas companies Cabot Oil & Gas Corp. and Cimarex Energy Co. (XEC) announced Monday that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals.The combination will create a premier, diversified energy company that is positioned to drive enhanced free cash flow generation and returns for investors … The combination will bring together two industry-leading operators with top-tier oil and natural gas … Cabot Oil & Gas Corp. and Cimarex Energy Co. said Monday they have agreed to an all-stock merger of equals in a deal with an enterprise value of about $17 billion. If you are a subscriber, and you see this message, you need premium access to view this content. The latest deal in a wave of US energy consolidation was announced on Monday, with shale oil producer Cimarex Energy and Cabot Oil & Gas revealing a “merger … The merger of Cabot Oil & Gas with Cimarex Energy announced on Monday (US time) has confounded investors and analysts, leaving them to question the logic behind a … The following slide deck was published by Cimarex Energy Co. To receive more information regarding the investigation of Cimarex Energy Co. please fill out the form below. Cabot Oil & Gas and Cimarex Energy to Combine in All-Stock Merger of Equals. May 24, 2021 (Bloomberg)Cabot Oil & Gas Corp. agreed to merge with Cimarex Energy Co., combining two mid-tier shale drillers in an all-stock transaction valued at about $7.4 billion as the U.S. oil and gas sector continues to consolidate. Cabot Oil & Gas and Cimarex Energy have signed an-all stock merger deal. The Cabot-Cimarex merger will combine two leading industry operators, and world-class gas and oil facilities to form a diversified energy leader, … NEW YORK, May 24 (Reuters) - Cabot Oil & Gas Corp and Cimarex Energy Co agreed a merger on Monday to form a U.S.-wide oil and gas firm with an … The Cabot-Cimarex merger is the largest U.S. oil and gas deal since Chevron Corp.’s acquisition of Noble Energy Inc. last year, according to data compiled by Bloomberg. Scale Enhancing, All-Stock Merger: The combination of Cimarex and Cabot, which upon expected close in 4Q21 will operate under a new tbd name, requires no additional debt and will see Cimarex shareholders receiving 4.0146 shares of Cabot, which equates to a 50.5% ownership of the combined company, with Cabot shareholders owning the other 49.5%. Based in Texas, Cabot Oil & Gas is a natural gas producer with assets located in the continental US. G2D Investments’ R$260 Million Initial Public Offering. “The combination of Cabot and Cimarex creates a free cash flow focused, diversified energy company with scale, inventory and financial strength to thrive across commodity price cycles.” Thomas E. Jorden Chairman, President and CEO, Cimarex “This transformational merger combines our top-tier assets and advances our shared focus on delivering Photographer:… NYSE-listed E&P companies Cabot Oil & Gas Corp. and Cimarex Energy Co. have entered into a definitive agreement to combine in an all-stock merger of equals, to form a combined entity that will be worth approximately US$17 billion on an enterprise value basis. Article content. (Credit: Anita starzycka from Pixabay) US-based natural gas producer Cabot Oil & Gas has agreed to merge with Permian Basin operator Cimarex Energy in a deal that values the combined business at nearly $17bn. The combination will bring together two industry-leading operators with top-tier oil and natural gas … Cabot Oil & Gas (COG) - Get Report and Cimarex Energy (XEC) - Get Report on Monday agreed to merge in an all-stock deal valued at more than $17 billion. As of Friday’s close, the stock traded down … Cimarex Energy Co. (NYSE: XEC) announced that it completed its acquisition of Resolute Energy Corporation (NYSE: REN) ("Resolute") on March 1, 2019. Provided by PR Newswire May 24, 2021 8:15 PM UTC (Logo quoted from Cabot Oil & Gas's website) Houston-based natural gas company Cabot Oil & Gas Corporation (COG) has agreed to merge with Cimarex Energy Co. (XEC) in an all-stock merger of equals. Cabot Oil & Gas Corp. and Cimarex Energy Co. announced plans on May 24 to combine in an all-stock “merger … Renewable Energy Group and Global Partners among energy gainers; Cabot Oil and Cimarex Energy among losers Seeking Alpha 3d Cabot, Cimarex sink as investors see little benefit to merger … HOUSTON and DENVER, May 24, 2021 /PRNewswire/ -- Cabot Oil & Gas Corporation ("Cabot") (NYSE: COG) and Cimarex Energy Co. ("Cimarex") (NYSE: XEC) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. Enthusiasm for the deal between Cabot Oil & Gas Corp. and Cimarex Energy Co. petered out even before the opening bell rang. NYSE-listed E&P companies Cabot Oil & Gas Corp. and Cimarex Energy Co. have entered into a definitive agreement to combine in an all-stock merger of equals, to form a combined entity that will be worth approximately US$17 billion on an enterprise value basis. The … Cabot Oil & Gas Corporation and Cimarex Energy Co.announced on May 24 that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. U.S. energy companies Cabot Oil & Gas and Cimarex Energy plan to combine in a roughly $17 billion merger of equals led by respective legal advisers Baker Botts and Wachtell, the companies said Monday. Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Cimarex Energy Co. (NYSE: XEC) to Cabot Oil & Gas Corporation is fair to Cimarex Energy shareholders. A new merger between two midsize oil-and-gas companies seemed to touch all the bases that energy … Cimarex shares tumbled 7.2% to $66.07, while Cabot’s stock fell 6.9% to $16.59. Cimarex Energy and Cabot Oil and Gas have merged together and formed a $17 billion energy behemoth. Cabot Oil & Gas Corp. plans to merge with Cimarex Energy in an all-stock … Cimarex shares tumbled 7.2% to $66.07, while Cabot’s stock fell 6.9% to $16.59. Cabot Oil & Gas Wins In Its Merger With Cimarex Energy (NYSE:COG) Cabot Oil & Gas Wins In Its Merger With Cimarex Energy (NYSE:COG) Seeking Alpha - Daniel Jones • 6h. Seeking Alpha - • Cabot Oil & Gas (NYSE:COG) +1.6% pre-market after agreeing to combine with Cimarex Energy (NYSE:XEC) in an all-stock merger of equals, reflecting an … Cabot Oil & Gas Corp and Cimarex Energy Co on Monday agreed to merge to form a U.S. oil and gas producer with an enterprise value of about $17 billion, the latest deal in a sector rebounding from one of its worst downturns. Coming up on self-imposed deadlines, multiple bills face dire future; Marjorie Taylor Greene’s ‘Incoherent’ Twitter Fight With Ex-Labor Secretary Is … The MarketWatch News Department was not involved in the creation of this content. New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Cimarex Energy Co. (NYSE: XEC) to … PRESS RELEASE PR Newswire . He is the Editor of Shale Magazine and co-host of In The Oil Patch Radio, a … In an eyebrow-raising deal that runs counter to the recent pure-play trend we’ve been seeing in oil and gas consolidations, today Cimarex and Cabot Oil & Gas COG announced an all-stock merger. The Merger Agreement provides that, among other things and subject to the terms and … The latest deal in a wave of US energy consolidation was announced on Monday, with shale oil producer Cimarex Energy and Cabot Oil & Gas revealing a “merger … Cimarex Energy Merging With Cabot Oil & Gas In $17B Deal News On 6 2 oil and gas companies, one with a Tulsa location, announced a $17B merger on Monday. Cabot Oil & Gas Corp. COG, -6.93% and Cimarex Energy Co. XEC, -7.23% said Monday they have agreed to an all-stock merger of equals in a deal with an enterprise value of about $17 billion. RTTNews.com RTTNews Published. The merger of Cabot Oil and Gas Corp. with Cimarex Energy Co. announced Monday has confounded investors and analysts, leaving them to question the logic behind a tie-up that the companies say will increase diversification. Cabot Oil & Gas Corp. and Cimarex Energy Co. said Monday they have agreed to an all-stock merger of equals in a deal with an enterprise value of about $17 billion. Oil and natural gas companies Cabot Oil & Gas Corp. and Cimarex Energy Co. (XEC) announced Monday that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals.The combination will create a premier, diversified energy company that is positioned to drive enhanced free cash flow generation and returns for investors … Under the terms of the agreement, Cimarex shareholders will receive 4.0146 shares of Cabot common stock for each share of Cimarex common stock owned. HOUSTON, TX and DENVER, CO (STL.News), Cabot Oil & Gas Corporation (“Cabot”) (NYSE: COG), and Cimarex Energy Co. (“Cimarex”) (NYSE: XEC) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock merger of equals. Employees work on a Cabot Oil & Gas well pad in the Marcellus Shale. The latest deal in a wave of US energy consolidation was announced on Monday, with shale oil producer Cimarex Energy and Cabot Oil & Gas revealing a. By Olivia Pulsinelli ... (NYSE: XEC) announced May 24 they will combine in an all-stock merger of equals. Cimarex shares tumbled 8% … Cimarex Energy Co. is an American company engaged in hydrocarbon exploration, particularly shale oil and gas drilling. CIMAREX ENERGY: 66.17-5.07-7.12%: In stocks, Cabot Oil & Gas Corp. agreed to buy rival Cimarex Energy Co. for $7.35 billion in stock. Cimarex Energy Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Cimarex Energy Co. Is Fair to Shareholders; Investors Are … Cabot Oil & Gas Corp. and Cimarex Energy Co. have agreed to combine in an all-stock merger. The combination of Cabot Oil & Gas and Cimarex Energy, which will operate under a new name, is estimated to have an enterprise value of approximately $17 billion. On May 24, 2021, Cimarex announced that it had entered into a definitive merger agreement with Cabot. ALERT: Rowley Law PLLC is Investigating Proposed Merger of Cabot Oil & Gas Corporation and Cimarex Energy Co. The transaction values the combined oil and gas companies at $17 billion. Cimarex shares declined 7.1% on May 24, while shares of Cabot plunged 6.8%. As per the terms of the all-stock ‘merger of equals’, Cimarex Energy shareholders will be entitled to 4.0146 shares of Cabot Oil & Gas stock for each share held. In a move that will create a company with an enterprise value of $17 billion, Cimarex Energy Co. and Cabot Oil & Gas Corp. will merge in the fourth quarter of 2021. buying Parsley Energy and DoublePoint; Devon buying WPX Energy WPX and ConocoPhillips COP acquiring Concho last year. Cabot Oil & Gas and Cimarex Energy to Combine in All-Stock Merger of Equals. Under the terms of the agreement, Cimarex Energy shareholders will receive 4.0146 shares of Cabot Oil common stock for each share of Cimarex Energy common stock owned. CIMAREX ENERGY MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF CIMAREX ENERGY CO.IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – XEC May 24, 2021.
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