Streetbeat News

Assets

ALF

GS

Goldman Sachs Group has reported a 6.4% stake in Centurion Acquisition as of September 30, 2024, according to a 13G SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:02 pm

LYB

LyondellBasell Industries plans to exit its Houston refinery business, incurring costs between $610M-$980M. The exit involves asset retirement obligations and personnel costs. Additionally, a $252M goodwill impairment was recognized due to segment structure changes.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:57 pm

CTRA

Coterra Energy has filed for a mixed shelf offering with the SEC, although the size of the offering has not been disclosed. This move allows the company to issue various types of securities, such as debt or equity, in the future.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:52 pm

CDT

Conduit Pharmaceuticals (NASDAQ:CDT) has restructured a $2.65M loan with Nirland Limited, removing restrictive clauses, and secured $1.2M in new promissory notes. This enhances its balance sheet and liquidity, allowing more flexibility in future financing.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:48 pm

COOP

FLG

Flagstar Bank has completed the sale of its mortgage servicing business and related assets to Mr. Cooper Group for $1.3 billion in cash. This transaction is expected to boost Flagstar's CET1 capital ratio by 60 basis points.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:34 pm

CGBS

Crown LNG Holdings Limited (NASDAQ:CGBS) has finalized agreements to acquire LNG import terminal assets in Kakinada, India, and Grangemouth, Scotland. The acquisitions, valued at $60M and $25M respectively, will be paid in Crown LNG shares. These strategic moves aim to enhance Crown LNG's presence in the global LNG infrastructure network.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:21 pm

SPY

USO

The U.S. Baker Hughes Oil Rig Count decreased by 1 to 479, while the total rig count remained unchanged at 585.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 5:11 pm

X

United States Steel has revised its 2024 capital spending forecast to $2.3 billion and anticipates a total capital expenditure of $3.6 billion for its BR2 project.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:52 pm

CVX

Chevron's CFO discussed cost-saving strategies, emphasizing portfolio actions and a strong balance sheet that supports share buybacks even in downturns. The company is under-levered historically and expects net debt to decrease with growth and asset sales.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:43 pm

CVX

Chevron's CEO Mike Wirth discussed the company's advantaged inventory, with 75% of locations breaking even at or below $50. The Pasadena refinery will shut down this quarter, and capital spending in the Permian Basin is expected to peak this year. The Hess deal requires arbitration to end, and cost-cutting benefits are expected by 2027.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:42 pm