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Strategies & Market Trends : Value Investing

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Harshu Vyas

From: E_K_S	10/1/2024 7:08:07 PM
	1 Recommendation Read Replies (2) of 78482

Many of the Oil/NG stocks higher today w/ the Israel conflict S&P 500 Energy Sector SPDR (XLE) 89.80 +2.00 (+2.28%) ; WTI back above $70/barrel Re: Ovintiv Inc (OVV) 40.33+2.02 (+5.27%) Ovintiv ( OVV, Financial) rose 5% amid takeover speculation involving Coterra Energy (CTRA). Ovintiv is reportedly exploring a sale of its Uinta Basin operations, potentially fetching up to $2 billion. Have held this since the ENCANA days Re: Diamondback Energy (FANG) 177.52 +5.12 (+2.97%) Diamondback Energy (FANG) revised its Q3 production and capital guidance following its merger with Endeavor Energy Resources. The company now expects Q3 oil production of 319K-321K bbl/day and capital spending of $675M-$700M.

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