Crude Oil Brokers Scam Blog
Tuesday 20 October 2020
Recent deals reveal a buyer’s market for shale operators
Concho Resources Inc., an early explorer of the Permian basin’s once-coveted oil riches that was worth $32 billion just two years ago, is selling for $9.7 billion in stock. ConocoPhillips is paying a meager 15% premium over Concho’s closing price on Oct. 13, the last trading session before Bloomberg News first reported the companies were in talks. More »
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