The S&P earnings yield, corporate bonds and treasury bills are all offering the same yield of 5.3%. So a medium risk, low risk and no risk asset is offering the exact same yield… What a time to be alive!
Earthstone s acquisition of Novo is done at a highly favorable price, positioning it as an emerging operator in Permian Basin. See why I m bullish on ESTE stock.
Earthstone Energy is growing its position in the northern Delaware Basin with a deal to acquire EnCap-backed E&P Novo Oil & Gas with Northern Oil & Gas also buying a third of Novo's working interests for an additional $500 million.