Shell to Acquire ARC Resources in $16.4 Billion Strategic Deal
SHEL to acquire ARC Resources in $16.4B deal, boosting Montney footprint, low-carbon output and LNG growth while targeting synergies and higher production.
Shell's Canadian deal delivers something the London-listed major was missing
Shell PLC (LSE:SHEL, NYSE:SHEL) proposed acquisition of Canada's ARC Resources buys the oil major something investors have increasingly looked for: resource life. UBS, in a note, said the transaction struck at a US$13.6 billion equity value (and around US$16.4 billion enterprise value including assumed debt and leases) gives Shell access to low-cost resources outside the Middle East.
Shell (SHEL) Stock Sinks As Market Gains: Here's Why
Shell (SHEL) reached $86.91 at the closing of the latest trading day, reflecting a -2.49% change compared to its last close.
Shell Bets Big On Montney Basin In $16.4 Billion ARC Acquisition
In a deal that underscores the enduring strategic value of North American shale resources, London-based Shell plc announced Monday that it has agreed to acquire Canadian producer ARC Resources Ltd. in a cash-and-share transaction valued at approximately $13.6 billion in equity, or $16.4 billion on an enterprise-value basis.
Shell: Refocusing Will Take Time (Probably A Few Years)
Shell plc is executing a multi-year refocusing and profitability improvement initiative. Management anticipates tangible progress expected to become visible to shareholders soon. Continuous goal-setting is embedded in SHEL's strategy.
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Shell to buy Canadian shale company for $14 billion, in what would be oil giant's biggest acquisition in 10 years
The transaction would boost Shell's oil and gas production capabilities
Shell to Buy Canada's Arc Resources for $13.6 Billion
The acquisition boosts Shell's production and its footprint in the Montney shale basin in British Columbia and Alberta.
Shell to buy ARC Resources in $16.4 billion deal
Shell on Monday said it has agreed to acquire Canadian energy company ARC Resources in a deal valued at $16.4 billion, including debt.
Shell company Red Capital pivots to Venezuelan energy with £1.6m raise
Red Capital PLC (LSE:REDC), the Main Market-listed acquisition shell, has risen 22.5% to 30p after announcing a strategic pivot into Venezuelan energy assets, a £1.6 million fundraise, and a plan to rebrand as Apertura Energy Plc. The company, which has been seeking acquisitions since its 2021 listing, will redirect its focus entirely toward Venezuela, which holds the world's largest proven hydrocarbon reserves but has been largely closed to international capital for a generation due to sanctions, under-investment and operational decline.
Sierra Leone signs permit with Shell allowing offshore surveys
Sierra Leone has signed an agreement with Shell that allows the oil major to conduct advanced geological and geophysical surveys across multiple offshore blocks, the country's petroleum directorate said on Wednesday.
BP and Shell lifted by oil prices rebound as Iran-US talks in jeaopardy
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led a small band of FTSE 100 risers on Monday morning as oil prices rebounded sharply over renewed anxiety over the US-Iran ceasefire.
