Pilbara Minerals Limited’s Post

Smart move by Pilbara Minerals Limited; broadens its geographic footprint, lays the foundation to better supply #lithium to western markets, and allows it to bring its expertise to a burgeoning lithium province and a mining-friendly state in Brazil. Looking at this deal based on in-ground resources, it represents an acquisition cost of just US$23/t spodumene concentrate (on a 6% Li2O basis), which even against current depressed lithium prices looks attractive. That said, the deposit is not without its challenges, namely the high waste:ore stripping ratio, but that appears to be a common theme for lithium deposits in Brazil based on analysis within Wood Mackenzie research.

Permian Resources raised its '24 #oilandgas production guidance and says #acquisitions completed and signed should add even more to output. The acquisitions will also call for an additional $50M in #capex in 2H24. Geert De Lombaerde breaks it down for #OGJ and Endeavor Business Media in the post below. #OGJ #oilandgas #permian #earningsseason #earnings

EQT stock is down ~11% as investors react to the announcement. Heck ETRN stock is only up a few cents. It’s a bad idea. The market is screaming it’s a bad idea. DVN. CTRA. EPD. MPLX. All up. The market doesn’t like your idea. Nip it before spending money going down this rabbit hole. Anti trust will nix it. Neither company can afford wasting money. Toby, you have 20% of your production shut in. What’s the plan, shut in 20% of ETRN’s flow? Admit it, your last two acquisitions haven’t worked out. Don’t care how you spin it. And really, touch base with Goober here before embarrassing yourself with these ideas. Work at making ETQ economically successful and stop the urge to spend when in a bind. 20% of production shut in!

Just one month ago Evaluate Energy posted "𝘔𝘦𝘨𝘢 𝘮𝘦𝘳𝘨𝘦𝘳𝘴 𝘸𝘪𝘵𝘩 𝙀𝙭𝙭𝙤𝙣𝙈𝙤𝙗𝙞𝙡, 𝘾𝙝𝙚𝙫𝙧𝙤𝙣, 𝘢𝘯𝘥 𝙊𝙘𝙘𝙞𝙙𝙚𝙣𝙩𝙖𝙡 𝙋𝙚𝙩𝙧𝙤𝙡𝙚𝙪𝙢 𝘪𝘯 𝘘4 2023 𝘱𝘳𝘰𝘱𝘦𝘭𝘭𝘦𝘥 𝘵𝘩𝘦 𝘶𝘱𝘴𝘵𝘳𝘦𝘢𝘮 𝘥𝘦𝘢𝘭 𝘷𝘢𝘭𝘶𝘦 𝘵𝘰 𝘢𝘯 𝘪𝘮𝘱𝘳𝘦𝘴𝘴𝘪𝘷𝘦 $234 𝘣𝘪𝘭𝘭𝘪𝘰𝘯, 𝘮𝘢𝘳𝘬𝘪𝘯𝘨 𝘵𝘩𝘦 𝘩𝘪𝘨𝘩𝘦𝘴𝘵 𝘶𝘱𝘴𝘵𝘳𝘦𝘢𝘮 𝘥𝘦𝘢𝘭 𝘴𝘱𝘦𝘯𝘥 𝘪𝘯 𝘰𝘷𝘦𝘳 𝘢 𝘥𝘦𝘤𝘢𝘥𝘦." Q1 2024 is shaping up to be equally record breaking. Evaluate Energy’s M&A database includes 𝙖𝙡𝙡 𝙚𝙣𝙚𝙧𝙜𝙮 𝙨𝙚𝙘𝙩𝙤𝙧 𝙙𝙚𝙖𝙡𝙨 𝙖𝙧𝙤𝙪𝙣𝙙 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙. Data includes all oil and gas sector deals back to 2008 and was updated in 2016 to include nuclear and renewable forms of energy inclusive of wind, solar, hydrogen, tidal and biomass. See for yourself: https://lnkd.in/ePHmZJHN #oilandgas #energy #data #mergers #acquisitions 

For One Producer, it’s Diamond Life in the Permian Midland and Delaware As they say, when one door closes another door opens. But in the case of Midland, Texas-based Diamondback Energy this week, that old expression with one negative translates to a big positive all the way around. Reese Energy Consulting today is following the latest news from Diamondback, which has closed the door on its February $26 billion merger deal with Midland neighbor Endeavor Resources. Among the biggest acquisitions we’ve seen as part of the consolidation frenzy now a year long, the Diamondback-Endeavor merger has to rank as one of the most memorable. As two of the Permian’s largest operators, each was considered prime buy targets early on for producers on the hunt for more acreage and drilling inventory. This to which both E&Ps rebuffed any rumor, any notion, any idea they were up for sale. Then came Diamondback’s Endeavor announcement last February, no doubt leaving a few broken hearts. With fed scrutiny officially in the rearview, the combination gives Diamondback a total 838,000 net acres across the Midland and Delaware and 816 MBOED. Now onto the open door, where Diamondback’s subsidiary Viper Energy Inc. continues to build its Permian mineral and royalty interests in both plays with three new acquisitions from Fort Worth and Midland, Texas-based Tumbleweed Royalty IV in a cash and stock deal valued at $1.1 billion. Assets include 3,237 acres in the Midland and 490 acres in the Delaware core, which currently produce 2.5 MBPD (4 MBOED). According to news sources, Viper expects Diamondback to develop 120-140 new well locations by the end of 2026. What do you think? Learn more about REC and our Permian expertise and consulting services at https://lnkd.in/ebXT2mS. For more information about our new online natural gas training courses, visit us at https://lnkd.in/g_jDyx_Y. #Energy #permianbasin #acquisitions #reeseenergyconsulting

🎙️ Energy News: EQT Is Set to Acquire Equitrans Midstream A strategic move to enhance its position in the natural gas market, this all-in stock deal would create a combined company valued at more than $35 billion, including debt. The merger is the latest in a growing list of pipeline deals, including Oneok’s purchase of Magellan Midstream Partner and Energy Transfers deal for Crestwood Equity Partners. 🔹 Greater Efficiencies: The merger, expected to close in Q4 2024, would lower production and transportation costs by adding over 2,000 miles of pipeline infrastructure, positioning EQT as the most cost-efficient natural gas producer in the U.S. 🔹 Financial Value: The deal could result in $250 million in annual synergies. EQT’s existing shareholders are expected to own roughly 74% of the combined company, with Equitrans’s stockholders owning the rest.  🔹 Global Ambitions: EQT's strategy includes expanding its global footprint through liquefied natural gas exports, leveraging preliminary deals with LNG developers to access international markets. This deal could reshape the natural gas industry and bring in a new era of efficiency and global competitiveness. 🌍💡 #NaturalGas #EnergyIndustry #MergersAndAcquisitions #WeCloseDeals https://lnkd.in/eHqYrfHJ

CCD Partners’ Featured Deal of the Month     Saint-Gobain acquires Fosroc for £800M.    🔹 Summary: Saint-Gobain acquires Fosroc, a global player in construction chemicals with a significant presence in India, the Middle East, and the Asia-Pacific region, for £800M. 🔹 Rationale: This acquisition marks another step in Saint-Gobain’s expansion within the global construction chemicals market. Since 2021, they have acquired over 35 companies. With the inclusion of Chryso in 2021, GCP in 2022, and 33 other acquisitions, Saint-Gobain's global reach in construction chemicals will generate combined sales revenue of £5.2bn with Fosroc.    🔹 Multiple: The acquisition price equates to approximately 11.3x Fosroc’s projected 2024E EBITDA of $91 million before synergies and around 7.1x including estimated synergies of approximately $54 million in the third year. 📈    Read about the deal here: https://lnkd.in/eGGa-TKu    #DealoftheMonth #SaintGobain #Fosroc #Construction #ConstructionChemicals  

Greenview Energy's unique approach to acquisitions in clean energy enables us to navigate the complexities of due diligence and closing processes with speed and certainty. GVE does the heavy lifting upfront to ensure seamless integration post-acquisition. GVE's approach to identifying potential acquisitions is centered on discovering co-development partners who have successfully packaged and advanced projects through key development milestones. Our tip for a seamless acquisition process? A comprehensive data room for properly evaluating a project's quality and stage. As GVE continues to grow, our commitments to integrity and mutual benefit remain at the heart of our strategy, making each acquisition trustworthy and economically sound. Looking for a partner known for de-risking clean energy projects throughout various stages of development? Reach out to GVE today https://buff.ly/3EybMLz #GVE #GreenviewEnergy #RenewableEnergy #CleanEnergy #Acquisitions #SustainableDevelopment

August 2024 was a dynamic month for the energy sector, marked by a notable increase in divestments, acquisitions, and strategic realignments. Major energy companies engaged in significant asset sales and purchases, reflecting broader shifts in their business strategies. These moves included high-profile divestments aimed at streamlining operations and reallocating resources, as well as strategic acquisitions to enhance market position and capabilities. Here are some of the key updates in the Nigerian energy sector last month. Subscribe to our newsletter to have a copy. #oilandgasupdates #tiwatalksgreennewsletter

Upstream M&A Update: Tourmaline Oil Corp has agreed to acquire Canadian-peer Crew Energy Inc. for an enterprise value of C$1.3 billion (US$947 million), including net debt. Under the agreement, Crew’s #shareholders will receive 0.114802 Tourmaline shares in exchange for each Crew share held, implying a value of approximately C$6.73 per Crew share based on the 20-day volume weighted average share price of Tourmaline of C$58.66 on 9 August 2024. The traded assets span approximately 217,000 net acres comprising 341 net sections in the #Montney in northeast #British Columbia. The acquisition strengthens Tourmaline’s position as the #largest natural #gas producer in #Canada, boosting its production by 5% to over 591,000 barrels of #oil equivalent per day (boepd) and proved (1P) #reserves by 11% to around 2.7 billion boe. The deal also adds around 2,500 identified #drilling locations, comprising around 700 Tier 1 locations based on a breakeven gas price of $1.50 per gigajoule, representing four years of #drilling #inventory. Additionally, once operational, Crew’s #Groundbirch project is expected to double its production, increasing free cash flow per share to around C$1 for Tourmaline. Furthermore, the deal aligns with the #inorganic growth strategy of Tourmaline which has previously acquired over US$5 billion worth of assets since 2019. Meanwhile, the #deal marks a 72% premium over Crew's share price at market close as of 9 August 2024. Notably, the implied value of C$6.73 per share aligns closely with Crew’s highest closing price achieved in the last seven years.  For more details on Rystad Energy's upstream M&A solutions, reach out to palash.ravi@rystadenergy.com #mergersandacquisitions #mergers #divestment #acquisitions