Riverbend Energy Group Puts Shale Portfolios for Sale
Investment firm Riverbend Energy Group is exploring a sale of three portfolios of oil...
Investment firm Riverbend Energy Group is exploring a sale of three portfolios of oil and gas assets, seizing on a rally in commodity prices to seek in total around $2 billion, including debt, from potential buyers, people familiar with the matter said.
The assets across all three portfolios consist of minority stakes in individual oil and gas wells. Known in the energy industry as “nonop,” such positions are sold to investors by producers seeking funds to develop projects. In return, the investor gets a cut from the sale of the hydrocarbons extracted.
Slower growth in China can be felt all over the world. The globe's largest exporter...
Slower growth in China can be felt all over the world. The globe's largest exporter of goods may miss its growth targets for 2022 — which would bring repercussions to economies everywhere.
Meanwhile, an engine of the US economy may also be at risk. That's according to legendary investor Jeremy Grantham, who issued a warning on another threat to US economic growth: the impact of rising mortgage rates on the housing market.
Pandemic stimulus sent mortgage rates plummeting and home prices soaring. Now, as rates rise — but supply continues to fail to meet demand — an affordability crisis is brewing that could pop the bubble.
MarketWatch: After a wild week on Wall Street, stock futures slump Sunday
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell...
After a volatile week, Wall Street is bracing for more losses as U.S. stock-index futures fell sharply late Sunday.
Dow Jones Industrial Average futures YM00, -1.16% were last down more than 300 points, while S&P 500 futures ES00, -1.26% and Nasdaq-100 futures NQ00, -1.26% were each off around 1%.
