Patterson-UTI Energy shares are trading higher following a Wall Street Journal report suggesting NexTier Oilfield Solutions and Patterson-UTI Energy held merger talks/
Portfolio Pulse from Benzinga Newsdesk
Patterson-UTI Energy (PTEN) shares are trading higher after a Wall Street Journal report revealed that the company held merger talks with NexTier Oilfield Solutions.
June 13, 2023 | 12:16 pm
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POSITIVE IMPACT
Patterson-UTI Energy shares are trading higher due to merger talks with NexTier Oilfield Solutions, potentially leading to a stronger combined company.
The news of merger talks between Patterson-UTI Energy and NexTier Oilfield Solutions has led to an increase in PTEN's share price. A successful merger could result in a stronger combined company, leading to potential growth and increased market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100