Virtus Investment Partners’ Post

𝙎𝙞𝙡𝙫𝙚𝙧𝘽𝙤𝙬 𝙍𝙚𝙨𝙤𝙪𝙧𝙘𝙚𝙨 𝙍𝙚𝙟𝙚𝙘𝙩𝙨 𝙆𝙞𝙢𝙢𝙚𝙧𝙞𝙙𝙜𝙚 𝙏𝙖𝙠𝙚𝙤𝙫𝙚𝙧 𝙊𝙛𝙛𝙚𝙧 𝙖𝙣𝙙 𝘽𝙧𝙖𝙘𝙚𝙨 𝙛𝙤𝙧 𝙋𝙧𝙤𝙭𝙮 𝘽𝙖𝙩𝙩𝙡𝙚 SilverBow Resources, headquartered in Houston, has formally declined a takeover proposal from Kimmeridge Energy Management Company LLC, its largest investor. SilverBow announced it would not endorse Kimmeridge's board nominees, citing the offer as a significant undervaluation. Despite Kimmeridge's claim that merging with SilverBow would create a leading #EagleFordShale operator, SilverBow criticized the lack of competitive selling effort for Kimmeridge Texas Gas. Additionally, SilverBow appointed Leland T. Jourdan to its board, replacing Christoph O. Majeske, and proposed governance changes to empower shareholders. Amidst this, investor Riposte Capital supports Kimmeridge's acquisition efforts, highlighting SilverBow's strategic acquisition of Chesapeake Energy's assets as a key move to enhance shareholder value. SilverBow defends its strategy, noting significant operational improvements and portfolio expansion, positioning itself for future growth amidst challenges in the natural gas market. https://lnkd.in/gKia8JNw

Interesting byproduct of recent M&A activities

🛢️ Diamondback Energy, Inc. solidifies its position in the Permian Basin by merging with Endeavor Energy Resources, L.P., with a transaction valued at approximately $26 billion, inclusive of Endeavor’s net debt. 📊 The merger is anticipated to enhance Diamondback Energy's operational scale and capabilities, leveraging the combined pro forma scale of approximately 838,000 net acres and 816 MBOE/d of net production to drive future growth and efficiency. 📈 By combining forces, Diamondback Energy aims to establish itself as a premier independent operator in the Permian Basin, strategically positioning itself to capitalize on the anticipated growth in the oil and gas market, although potential risks inherent in such consolidation efforts remain. Tell us your thoughts in the comments, and click the link in bio to read the full report: https://lnkd.in/eYzixd3x #MergerSight #oilandgas #industryconsolidation #energy #naturalgasreserve By Aanjay Patel, Augustus Paluzzi, Samuel Tainsky, Nathaniel Baker, Michelle Liu (Cornell University) ; Sean Millar, Ben Preece, Moritz Ibe (University of St Andrews)

Potential $3.5B-$3.7B Deal Brewing Between Devon and Enerplus: Stifel https://lnkd.in/gMKMY7WE Investment banking firm Stifel reports potential talks between Devon Energy and Enerplus for a deal worth $3.5B-$3.7B. The deal could involve the acquisition of Enerplus' assets by Devon Energy. #energy #energyindustry #mergersandacquisitions #investment CEO Outlook Magazine

We hear from independent corporate advisor Discovery Capital Partners LLC on what's hot, what they're looking out for, and their top #ASX picks.

Our CEO Paul Tomory shares insights, reflections, and plans for the future as we continue to unlock opportunities, maximize value, and drive future growth for Centerra. Our value-maximizing strategy is focused on demonstrating the unrecognized value of each asset through operational enhancements, technical optimization, and strategic deals. At the same time, we remain committed to prioritizing our people, the environment and the communities in which we operate. Watch the series here: https://lnkd.in/gQ74ZWnx #CenterraCold #GoldMining #GoldInvesting

In one hour, Atrium Research will be moderating an event regarding how exploration companies like #PNPN, @gfgresources and @WhiteGoldCorp can make it easier for investors to conduct due diligence. Register here: https://bit.ly/4d18qkl

IPO ALERT: Time To ACT, a UK engineering-led group focused on energy transition supply chain, has announced its intention to IPO on the Aquis Stock Exchange. Chris Heminway, Exec-Chair, explains why now the right time for the Group to IPO ▶️ https://lnkd.in/eY_6ycCC TTA consists of two principal complementary businesses, Diffusion Alloys and Greenspur: - Diffusion Alloys is a well-established diffusion coating services business specialising in coating and coating technology. It is already profitable, with a successful track record with global blue-chip customers and a strategic partnership with Johnson Matthey plc - Greenspur is an [pre-revenue] IP development business with a proprietary and cost-effective electricity generator, which doesn’t use copper coil or Rare Earths Magnets, primarily targeting the £20bn offshore wind turbine market. TTA is based in Middlesbrough, alongside their existing coatings plant, amongst some of the rapidly scaling new energy companies and research groups investigating emerging new energy opportunities such as blue hydrogen and nuclear fusion. In this interview, investors will also learn: - How TTA predicted the current copper and Rare Earths shortages 10 years ago - Why TTA believes it will achieve significant success within the multi-billion-dollar Blue Hydrogen market and the offshore wind turbine industry - Why the Johnson Matthey strategic relationship should deliver further growth - Why management consider this the right time to IPO on the Aquis Growth Market - How retail investors can participate in the Winterflood Retail Access Platform (WRAP) offer “We are not the company that is building hydrogen plant(s). We're not the company that is trying to develop nuclear fusion. We're not the company that is building massive 20MW offshore wind turbines. We are the company that is innovating the supply chain for those industries and our customers are those companies building the hydrogen plant, building the 20-megawatt offshore wind turbines and those companies developing nuclear fusion or investing into nuclear fission”, explained Chris Heminway, Executive Chairman at Time to ACT. Reasons to add Time to ACT (Aquis:TTA) to your Watchlist: - Addressing unmet needs within the multi-billion-dollar energy transition supply chain - Commercialising proprietary IP to reduce the capex and opex of offshore wind - Strategic partnership with Johnson Matthey plc - Experienced Board and Management team - Revenue growth of c. 50% - Profitable in FY23, with £1.9m cash as of 31 Mar24 - New IPO funds to accelerate growth Chris Heminway, Executive Chairman at Time to ACT, was interviewed by Donald Leggatt at focusIR. #TTA #TimeToACT #IPO #investing #energytransition

“The U.S. Environmental Protection Agency released guidance earlier this year regarding the methane charge from the Inflation Reduction Act,” Kunal Patel, Federal Reserve Bank of Dallas said. “We asked the question ‘what net impact will the methane charge have on your firm?’” The highly anticipated Women in Energy Awards 2024 are back, shining a spotlight on the outstanding contributions of women in the energy sector. Nominations are officially open, inviting individuals and organizations to recognize the remarkable achievements and leadership of women driving innovation, sustainability, and excellence in the energy industry. Barry Smitherman is the Chairman, President, and co-founder of the Texas Geothermal Energy Alliance (TXGEA), an organization dedicated to education, public awareness, and advocacy on behalf of the Texas geothermal industry. PETRO PROFILE: Jimmy Nelson, Owner Nelson Oil and Gas, Pettus, Texas “We’ve been in the oil field in Pettus, Texas, a long time – over 45 years – so we’ve seen the ups and downs, that’s for sure. My dad has been in the business all his life and started Yegua Oilfield Service, a workover rig company. My two brothers and I started Nelson Oil and Gas (N.O.G.), but the downward turns in the ‘80s were almost a killer for all of us." SHARE YOUR SUSTAINABLE STORY: International energy service company Baker Hughes has published an excellent feature article on the progress of the research work being done as part of the Wells2Watts Geothermal Consortium. Social Media Shout Out: RMI Supply LLC is a leading provider of specialty oilfield chemicals. Focusing on bringing trusted products to the market combined with a fast and responsive service. Check out their LinkedIn Page, products and services! News Briefs CAER Researchers Utilizing Fly Ash to Increase Kentucky Oil, Natural Gas Production Not a Scam – ODNR Sends Letters to Some BG residents about Orphan Oil or Gas Wells on Properties Holy Fetterman, Batman; Pennsylvania Is Flip-Flopping!" Plus much much more at Today In Energy! Make it a fabulous day! https://lnkd.in/gmDJJ7TF