Civitas Resources Adds Accretive Bolt-on In Permian Basin For $2.1B
Portfolio Pulse from Benzinga Newsdesk
Civitas Resources has announced an acquisition in the Permian Basin for $2.1 billion. The deal is expected to be accretive to the company's earnings.
October 04, 2023 | 11:04 am
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Civitas Resources' acquisition in the Permian Basin for $2.1 billion is expected to be accretive to its earnings.
The acquisition is a significant investment for Civitas Resources and is expected to be accretive, meaning it should increase the company's earnings per share. This could make the company more attractive to investors, potentially leading to an increase in the stock price.
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