Europe Faces Possible Total Gas Pipeline Shutdowns From Russia, UK
Europe needs to prepare for a total shutdown of gas pipelines flowing from Russia and the Group of 7 nations needs to weigh in, according to an analyst. “Russia already has cut back substantially on gas flowing to Germany and through Ukraine, so shutting down the pipelines is not inconceivable,” said Jeffrey Schott, a senior fellow at […]
Whitecap Resources To Acquire Exxon’s XTO Energy Canada In A $1.9 Billion All-Cash Deal
Whitecap Resources Inc. (TSX: WCP) continues its acquisition strategy with a purchase and sale agreement to acquire XTO Energy Canada. The transaction is reportedly for a total cash consideration of $1.9 billion, net $1.7 billion after assuming positive working capital on closing. The acquisition is set to expand the firm’s Montney assets with a total of 598,000 […]
Pfizer-BioNTech Set To Supply The US Government With 105 Million COVID-19 Vaccine For US$3.2 Billion
Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced on Wednesday a new vaccine supply agreement with the US government involving 105 million doses of its COVID-19 vaccine. The agreement also includes an option for Washington DC to purchase up to 195 million additional doses. The US government will pay the biotech firms around […]
FTX Nears Deal To Acquire BlockFi For 99% Discount To Last Valuation
Just days after rumours emerged that FTX was mulling a decision to attempt to acquire Robinhood (NASDAQ: HOOD), it appears that the crypto exchange has other firms in its sights as well. Its being reported this afternoon that the company is closing to finalizing a term sheet to acquire crypto lender BlockFi. As per CNBC, […]
Russian Sanctions Are Not Working – The Daily Dive
Joining us again on the Daily Dive is Rick Rule, the former President and CEO of Sprott US Holdings. Rick’s back on The Daily Dive to give us his read on the G-7 ban on Russian gold imports, Russia’s default on foreign debt, the reliance on Russian uranium, the yield curve, oil, inflation and the […]
MEG Energy Chips Off 2,000 BBLs/D From 2022 Production Guidance Due To “Electrical Event”
MEG Energy (TSX: MEG) announced late Wednesday that it is lowering its 2022 average production guidance. The oil producer now looks at 92,000 – 95,000 bbls/d from the previously announced 94,000 – 97,000 bbls/d. The company said that while the expected Christina Lake Phase 2B facility scheduled turnaround in May was completed on time and on budget, the […]
Spirit Delays Again Shareholder Vote For Frontier Merger To Continue Talks With JetBlue
The fight for flights is not yet over in the tumultuous bid to acquire Spirit Airlines, Inc. (NYSE: SAVE). The Florida-based airline postponed again the shareholder vote on its proposed merger with Frontier Airlines, Inc. (Nasdaq: ULCC) mere hours before the scheduled meeting. Spirit announced on Wednesday night that it plans to just open and […]
UK’s Newest Sanctions List Includes Russia’s Second-Richest Man, Putin’s Cousin
The UK added new names to its growing list of sanctioned Russian oligarchs, including Moscow’s former first deputy prime minister Vladimir Potanin and Russian President Vladimir Putin’s first cousin Anna Tsivileva. Potanin is said to have amassed wealth “as he supports Putin’s regime.” The Russian oligarch’s conglomerate Interros acquired Rosbank after financial group Société Générale […]
Snow Lake Yields To Special Shareholder Meeting Request By Convicted Former Director To Discuss Removing The Board
Snow Lake Resources (Nasdaq: LITM), dba Snow Lake Lithium, announced last night that it has called for a special meeting of shareholders, upon the request of a 5.4%-equity shareholder. The latter has requested the meeting call to discuss, among others, “removing all of the directors of the company.” The shareholder group is said to include […]
Patriot Battery Metals To Uplist To TSX Venture
Patriot Battery Metals (CSE: PMET) is evidently on a slow roll to the big boards. The firm this morning announced it has received conditional approval to move its public listing to the TSX Venture. The move is currently viewed as being conditional, with certain undisclosed standard and customary conditions to be met by the company. […]