Citigroup Inc.
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Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. (Source: Wikipedia)
Editor's note: Updated July 24, 2019.
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Analysts: How Trump's Tariffs Might Affect Commodity, Energy Sectors
Trump's move has sparked volatility in the commodities market. Oil prices rose, with WTI up 2.4% at $74.27 a barrel and Brent crude futures adding 1% to $76.40 a barrel.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Utica’s Infinity Natural Resources Seeks $1.2B Valuation with IPO
Appalachian Basin oil and gas producer Infinity Natural Resources plans to sell 13.25 million shares at a public purchase price between $18 and $21 per share—the latest in a flurry of energy-focused IPOs.
Investment Firm Aethon Explores Options for $10B US Natgas Assets, Sources Say
U.S. energy-focused investment firm Aethon Energy Management is exploring options for its natural gas production and midstream assets that include a sale or an initial public offering at a valuation of about $10 billion, including debt, people familiar with the matter said on Nov. 12.
After BKV’s IPO, Is Market Open to More Public SMID Caps?
The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
APA Appoints Scott Grandt to Senior Role
Grandt will lead APA Corp.’s corporate development team and work to execute new transactions for the company.
Guggenheim Lures Oil and Gas Bankers from Citigroup: Sources
The departures of three Houston-based bankers from Citigroup come as Stephen Trauber, the bank’s global co-head of natural resources and clean energy transition investment banking, announced last week he was retiring.
Why Savvy Capital Providers Have Oil and Gas on Their Minds
Industry executives gathered at the IPAA’s annual meeting to tell why fossil fuels are still important, and why investors are taking notice once again.
Citi Raises Oil Price Forecasts on ‘Heavily Delayed’ Iran Deal
Citi sees weaker oil demand growth of 2.3 million bbl/d in 2022 because of economic headwinds, lockdowns in China and high prices.
The Permian Pursuit
Can the Permian Basin–the most prolific basin in the U.S.—turn on a dime, or $100 oil?
Oil and Gas Bankers Confront Their Own Energy Transition
Oil and gas dealmakers, once the darlings of banking, must plot their own transitions to lower-carbon careers.
Why the Energy Transition Doesn’t Call for Oil, Gas Divestment
The energy transition will still call for a healthy synergy between the oil and gas sector and financial institutions to meet growing energy demands, financial experts say.
PDVSA Begins US Trial over Claim Sanctions Prevented Debt Payments
PDVSA, in a bench trial before U.S. District Judge Louis Stanton, will present evidence it says shows attempts to pay were blocked by banks wary of sanctions.
US Shale M&A Wave Creates New ‘Super Independents’ Breed
New breed of “super independents” dominate the U.S. shale sector in wake of M&A worth more than $30 billion, analysts say.