U.S. Auto-Parts Maker American Axle To Buy Britain's Dowlais For $1.4 Billion
American Axle & Manufacturing has agreed to buy Dowlais Group for about $1.44 billion in a cash-and-shares deal that will result in another U.K. company leaving the London stock market.
US auto supplier American Axle to acquire UK's Dowlais in $1.44 bln deal
British automotive parts supplier Dowlais said on Wednesday that it would be acquired by U.S.-based autoparts maker American Axle and Manufacturing in a cash-and-share deal, valuing the London-listed firm at 1.16 billion pounds ($1.44 billion).
Arrow Exploration tipped to double in value as its well drilling continues to deliver successes
Shares in Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF), which today confirm production at its third field, have the potential to more than double in value – that's according to a ‘buy' note from stockbroker Zeus Capital. Arrow confirmed on Monday that it has started the new year on the front foot as it confirmed that the AB-1 well had begun production, and was flowing some 658 barrels oil per day, or 329 bopd net.
Arrow Exploration reaches target depth on AB-1 well
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) said on Tuesday it has successfully reached target depth at its Alberta Llanos-1 (AB-1) exploration well on the Tapir Block in Colombia's Llanos Basin, following drilling with the contracted Petroworks rig. The well, which was spud at the end of November, reached a measured depth of 9,960 feet on December 13, targeting a large, three-way fault-bounded structure with multiple reservoir objectives.
American Axle: Extremely Undervalued Business Participating In The Electrification Boom
American Axle & Manufacturing is investing heavily in R&D for vehicle electrification, positioning itself to benefit from the market's 9% CAGR growth. Despite revenue concentration risks, AXL's stable cash flow, positive net income, and undervaluation at 1.7x FWD cash flow make it a buy. AXL's ongoing debt reduction and substantial cash reserves enhance its stock valuation, with potential price targets ranging from $8 to $16 per share.
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Arrow Exploration on track for big 2025 after delivering strongest quarter to date
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) is well-positioned to capitalize on the opportunities within Colombia after delivering its strongest quarter to date, driven by significant growth in both production and financial performance. Highlights from the third quarter ended September 30, 2024 included net income of $6.7 million and adjusted EBITDA of $15.9 million, marking a 62% year-on-year increase.
Arrow Exploration reports record quarterly performance, advances Colombian drilling program
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) announced its strongest quarter to date, highlighted by significant production and financial growth. For the third quarter ended September 30, 2024, Arrow reported net income of $6.7 million and adjusted EBITDA of $15.9 million, a 62% increase compared to Q3 2023.
Arrow Exploration cheers ‘best' quarter yet thanks to horizontal well successes
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) today reported results for its third quarter, described by chief executive Marshall Abbott as the firm's ‘best on record'. Revenue was up 53% to $21.3 million as production grew 64% thanks to new wells coming online.
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American Axle Q3 Earnings Beat Expectations, Guidance Revised
AXL reports mixed third-quarter results and expects 2024 revenues in the band of $6.10-$6.15 billion compared with the prior estimate of $6.10-$6.30 billion.
Don't Overlook American Axle (AXL) International Revenue Trends While Assessing the Stock
Review American Axle's (AXL) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
