Surprise Bounce in Consumer Sentiment in November - search results
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. . Consumer sentiment showed a clear and somewhat surprising recovery in November, which could point to stronger prospects for Christmas spending.
. . " England will therefore revert to the regional tiered approach, as it is right to take the toughest measures only in areas where the virus is occurring. . .
Cenovus Energy of Canada announced on Sunday that it has reached an agreement to take over Husky Energy in an all-equity transaction valued at C $ 23 billion ($ 17 billion), including debt Cenovus (CVE) has said the deal will create Canada's third-largest producer of oil and natural gas, producing 750,000 barrels of oil equivalent per day (BOE / d) of low-cost oil and natural gas Under the terms of the agreement, Husky shareholders will receive 07845 of one Cenovus share plus 00651 of one Cenovus share purchase warrant in exchange for each Husky common share This represents a 21% premium, excluding warrants , compared to Husky's five-day volume weighted average share price in October 23 The transaction involves a net transaction value for Husky of approximately C $ 3 billion, and an enterprise transaction value of approximately C $ 10 2 billion The combined company is expected to generate an additional C $ 1 billion annual free cash flow, comprising C $ 600 million in annual business and operating synergies and C $ 600 million in annual capital allocation synergies "We will be a leaner, stronger and more integrated company, exceptionally well suited to withstand today's environment and be a strong Canadian energy leader for years to come, ”said Alex Pourbaix, CEO of Cenovus “The diversified portfolio will allow us to generate stable cash flow throughout price cycles, while focusing capital on the most profitable assets and opportunities. The combined company will also have an efficient cost structure and sufficient liquidity "All of this supports strong credit measures, accelerated deleveraging and increased ability to repay capital to shareholders," Pourbaix added. The merged company will operate as Cenovus Energy and will retain its headquarters in Calgary, Alberta The two companies said in a joint statement that the transaction has been unanimously approved by its boards of directors and is expected to close in the first quarter of 2021. Following the closing of the transaction, Cenovus expects its board of directors to approve a quarterly dividend of C $ 0175 per share Shares of Cenovus, which owns oil and gas operations in Alberta and British Columbia, as well as as refineries in Illinois and Texas, have been hit hard by the oil price crisis caused by the pandemic and have fallen 63% so far this year (See Cenovus stock analysis on TipRanks) Goldman Sachs analyst Neil Mehta last month launched a stock hedge with a buy rating and a price target of $ 6 (potential to 62% increase) Mehta believes the company's free cash flow generation will help lower debt levels and strengthen its balance sheet Rest of the street cautiously bullish on the stock Analyst consensus on moderate buying is growing split into 5 buy, 4 take, and 1 sell The $ 5 44 Average price target indicates upside potential of 47% from current levels Related News: ConocoPhillips captures Concho Rival at $ 9 7B Deal; Shares Advance GM To Invest $ 2 2B Turns Detroit Plant Into New Electric Vehicle Hub iRobot Sales Spike By 43% Fueled By Online Roomba Vacuum Sales More Recent Smarter Analyst Articles: * Walmart Suits Government American in Opioid Pharmacist Dispute * Coca-Cola European Partners in Talks to Buy Australian Bottler - Report * American Express Hit With 40% Profit Drop 36% Fall Shares * AutoZone vs. Advance Auto: What Retail Stock is the best choice?
The American College of Emergency Physicians (ACEP) is pleased to announce that Mark Rosenberg, DO, MBA, FACEP, has been elected president at its annual meeting, ACEP20, the world's largest emergency medicine conference