Energy

Reuters reported that Linn Energy LLC will purchase Berry Petroleum Co for $2.5B in stock, to boost its oil reserves and raise its output by about a third.

Reuters reported that Linn Energy LLC will purchase Berry Petroleum Co for $2.5B in stock, to boost its oil reserves and raise its output by about a third.

As quoted in the market news:

The acquisition, Linn’s largest, will raise the proportion of oil in the company’s reserves at a time when gas prices have fallen due to oversupply from North American shale fields.

Click here to read the full Reuters report.

 

 

MARKETS

Markets
TSX19666.75+210.04
TSXV641.79+6.38
DOW32675.78+146.15
S&P 5004108.32+35.89
NASD12292.44+129.85
ASX6889.70+66.50

COMMODITIES

Commodities
Gold1763.23+8.50
Silver20.22+0.28
Copper3.57+0.10
Palladium2133.50+57.50
Platinum896.50+7.49
Oil99.59+3.17
Heating Oil3.60-0.02
Natural Gas8.22+0.09

DOWNLOAD FREE REPORTS

×