Pinnacle Gas Resources Inc., Sheridan, Wyo., (Nasdaq: PINN) has priced its initial public offering of 3.75 million shares at $9 each in a total deal valued at $33.8 million. Certain shareholders have granted the underwriters a 30-day option to acquire up to 562,500 additional shares as overallotment.
Recommended Reading
What's Affecting Oil Prices This Week? (Nov. 25, 2024)
2024-11-25 - For the upcoming week, a key resistance level for the price of Brent crude is $76. If the price of Brent crude can break above this level, Stratas Advisors could see Brent crude moving toward $80.
What's Affecting Oil Prices This Week? (Dec. 23, 2024)
2024-12-23 - For the upcoming week, Stratas Advisors think oil prices will get a boost from the oil demand associated with the holiday season and from recent geopolitical news.
OPEC+ Delays Oil Hike Until April, Extends Cuts Into 2026—Sources
2024-12-05 - OPEC+ has repeatedly postponed increases crude oil volumes in the faces of weak demand and rising supply from rivals.
DOE: ‘Astounding’ US LNG Growth Will Raise Prices, GHG Emissions
2024-12-17 - The Biden administration released Dec. 17 a long-awaited report analyzing the effects of new LNG export projects, which was swiftly criticized by the energy industry.
What's Affecting Oil Prices This Week? (Dec. 9, 2024)
2024-12-09 - For the upcoming week, Stratas Advisors believes the announced delay by OPEC+ will keep the price of Brent crude above $70, but not reach $73.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.