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Looks like Talos is buying Stone Energy
Posted on 11/21/17 at 1:01 pm
Posted on 11/21/17 at 1:01 pm
LINK
quote:
Houston offshore oil and gas company Talos Energy said Tuesday it will acquire Louisiana-based Stone Energy in a nearly $2 billion merger. Private equity-backed Talos will go public on the New York Stock Exchange through the merger with the publicly traded Stone.
6
Posted on 11/21/17 at 1:36 pm to yellowfin
Im glad they're keeping an office here in Lafayette
Posted on 11/21/17 at 1:54 pm to b-rab2
Probably gonna keep it for about a year and then move everything to Houston.
Posted on 11/21/17 at 3:52 pm to yellowfin
Buy or sell?
Posted on 11/21/17 at 8:10 pm to yellowfin
No insider trading?
Posted on 11/22/17 at 12:15 am to yellowfin
More job cuts I suspect
Posted on 11/22/17 at 5:16 pm to yellowfin
(no message)
This post was edited on 11/22/17 at 5:32 pm
Posted on 11/24/17 at 7:56 am to yellowfin
I don’t get it.
Posted on 11/27/17 at 10:05 pm to cwill
All these public post bankruptcy "shell" companies are prime merger companies. Little debt with established assets. Bonanza Creek / Sandridge is another example. It's also a great tool for private companies like Talos to reverse merge into a public entity and have access to capital markets. Will continue to be a trend.
This post was edited on 11/27/17 at 10:07 pm
Posted on 11/28/17 at 5:06 am to Enfuego
How many times did they reverse split? Why would they be worth had they not done it, $.30?
Posted on 11/28/17 at 12:25 pm to Janky
Stone stock is down like 30% since they announced. Whoops.
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