SM Energy shares are trading lower after the company announced it entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources.
Portfolio Pulse from Benzinga Newsdesk
SM Energy shares are trading lower after the company announced it entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources.
June 27, 2024 | 12:26 pm
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NEGATIVE IMPACT
SM Energy shares are trading lower following the announcement of its agreement to acquire Uinta Basin oil and gas assets from XCL Resources affiliates.
The market is reacting negatively to SM Energy's announcement of acquiring Uinta Basin oil and gas assets, likely due to concerns over the cost and integration of the new assets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100