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Shares of Northern Oil and Gas (NYSEMKT:NOG) jumped 11.2% as of 12:30 p.m. EST Friday, after the Minnesotan oil producer set the pricing last night on an offering of 12.5 million shares that was first announced Wednesday. Those shares, plus up to 1.9 million more shares covered by underwriters overallotment option, will be sold for $9.75 each. Image source: Getty Images. So what Northern Oil stock initially declined in price (yesterday) in response to the announcement of the share offering (and, presumably, uncertainty about the offer price) and of an accompanying offering of $500 million worth of senior notes (i.e., debt). It s rising again today, and indeed surpassing its closing price before the equity and debt offerings were announced, on new details such as: ....
Nasdaq’s European Debt Market Showed Continued Growth in 2020 Nasdaq’s European Debt Market Showed Continued Growth in 2020 STOCKHOLM, Sweden, Feb. 04, 2021 Nasdaq (Nasdaq: NDAQ) saw its European Debt Market grow by 8 percent in 2020. Continued interest to list Euro Medium Term Note (EMTN) programs and strong demand for ESG investment opportunities have fueled the expansion. Issuers have also tapped the debt capital markets to raise funds to support Covid-19 pandemic mitigation efforts. The market for corporate debt grew with 18 percent in 2020. Nasdaq has also seen the number of listed Euro Medium Term Note (EMTN) programs increase throughout the year, continuing a trend that started in 2019. ....
Reliance Industries Ltd sells US shale gas asset for $250 million RIL has been divesting them over the past five years as the business has been adversely affected by falling crude prices Reliance Industries Ltd (RIL) has sold its stake in a shale gas asset in the US to Northern Oil and Gas Inc for $250 million. RIL, which was once bullish on shale gas, has been divesting these assets over the past five years as the business has been adversely affected by falling crude prices. “Reliance Marcellus LLC (RMLLC) a wholly owned subsidiary of RIL announced the signing of agreements to divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania,” RIL said in a regulatory filing today. ....
Reliance Marcellus, LLC (RMLLC), a wholly-owned subsidiary of Reliance Industries (RIL), signed agreements to divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania. These assets, which are currently operated by various affiliates of EQT Corporation (EQT), have been agreed to be sold to Northern Oil and Gas, Inc (NOG), a Delaware corporation, for a consideration of $250 million cash and warrants that give entitlement to purchase 3.25 million common shares of NOG at an exercise price of $14 per common share in next seven years. A Purchase and Sale Agreement (PSA) has been signed between RMLLC and NOG on 3 February 2021 for this sale and the transaction is subject to customary terms and conditions of closing. ....
Reliance Marcellus to sell its upstream assets in Pennsylvania By IANS | Published on Thu, Feb 4 2021 10:06 IST | 0 Views Reliance Marcellus to sell its upstream assets in Pennsylvania. Image Source: IANS News Mumbai, Feb 4 : Reliance Marcellus, LLC, a wholly owned subsidiary of Reliance Industries Limited on Thursday announced the signing of agreements to divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania. These assets, which are currently operated by various affiliates of EQT Corporation, have been agreed to be sold to Northern Oil and Gas (NOG), Inc, a Delaware corporation, for a consideration of $ 250 million cash and warrants that give entitlement to purchase 3.25 million common shares of NOG at an exercise price of $14 per common share in next seven years. ....