HomeMarket NewsVital Energy buys Permian Basin assets for $1.16B, to launch stock offering

Vital Energy buys Permian Basin assets for $1.16B, to launch stock offering

Actionable Trade Ideas

always free

Permian Basin In West Texas In The Spotlight As Oil Prices Soar

Joe Raedle/Getty Photographs Information

Very important Vitality (NYSE:VTLE) -5.9% post-market Wednesday after saying it signed three definitive agreements with non-public corporations to amass oil and fuel properties within the Permian Basin for a mixed $1.165B.

The corporate stated it plans to fund the offers by the issuance

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.