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USO

US markets ended higher on Friday, September 8, driven by energy stocks following the decision by Saudi Arabia and Russia to extend supply cuts. However, key indexes saw weekly declines due to investor concerns over interest rates and upcoming US inflation data. Asian markets were mixed, with Japan's Nikkei 225 and Hong Kong's Hang Seng falling, while Australia's S&P/ASX 200 and China's Shanghai Composite rose. The European STOXX 600 index, Germany's DAX index, France's CAC 40, and the U.K.'s FTSE 100 all traded higher. The European Commission downgraded the Eurozone's economic growth outlook due to high inflation and Germany's recession. Commodities saw crude oil and natural gas fall, while gold, silver, and copper rose. US futures and the U.S. Dollar Index were down.

Portfolio Pulse from Akanksha Bakshi

September 11, 2023 | 11:13 am

KKR

KKR is making a new equity investment of over $1 billion in USI Insurance Services, making it the largest single shareholder. The deal involves KKR and USI purchasing shares from CDPQ and other investors.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:59 am

GRNT

Granite Ridge Resources, Inc. (NYSE:GRNT) has announced the launch of a secondary public offering of 7.1 million shares by Grey Rock Energy Management, LLC. The underwriters have a 30-day option to purchase up to an additional 1,065,000 shares. Granite Ridge will not sell any common stock in the offering and will not receive any proceeds from the sale.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:57 am

CPG

Crescent Point has updated its five-year plan, targeting a production of approximately 180,000 Boe/day by 2028, which equates to a compounded annual growth rate of 5%. This growth is expected to be driven by the company's Kaybob Duvernay and Alberta Montney assets, which are expected to generate over 70% of Crescent Point's total production by 2028.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:48 am

CPG

Crescent Point Energy has projected its annual production to be between 145,000-151,000 Boe/Day in 2024, based on development capital expenditures of $1.05B-$1.15B. About 70% of the company's 2024 budget is expected to be allocated to its Kaybob Duvernay and Alberta Montney plays, which provide top quartile returns, scalability, and quick well payouts.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:46 am

OVV

Ovintiv Inc. announced that NMB Stock Trust intends to sell 15 million shares of the company's common stock. The sale will be conducted under the company's shelf registration statement previously filed with the Securities and Exchange Commission.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:34 am

MBLY

Mobileye Global Inc. (NASDAQ:MBLY) has appointed Moran Shemesh Rojansky as its permanent Chief Financial Officer (CFO), effective from September 11, 2023. She has over 18 years of financial experience and was previously the acting CFO of Mobileye. The former CFO, Anat Heller, stepped down on June 26, 2023, but continues to serve as a strategic advisor.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:33 am

FAZE

Faze Holding's board has terminated Lee Trink as CEO of the company on September 9. Christoph Pachler, the current COO and CFO, has been named as the interim CEO.

Portfolio Pulse from Charles Gross

September 11, 2023 | 10:21 am

IBRX

ImmunityBio has secured approximately $200M in financing transactions from Nant Capital, an entity affiliated with Patrick Soon-Shiong, the company's founder, executive chairman, and global chief scientific and medical officer.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:10 am

CBAY

CymaBay Therapeutics has started an underwritten public offering of an aggregate of $150M of its common stock and pre-funded warrants.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 10:06 am