n this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols bymarket-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of its common stock at a price of $64.54 per share from NGP Tap Rock Holdings, LLC and certain of its affiliates (“NGP”). The transaction was approved by the Company’s Board of Directors, and the repurchase is expected to close in early March 2024. Following the transaction, NGP will no longer own any shares of Civitas. NGP’s original ownership in Civitas was established through Civitas’ mid-2023 acq...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today reported its fourth quarter and full-year 2023 financial and operating results, as well as provided its 2024 outlook. A webcast and conference call to discuss the results is planned for 8:00 a.m. MT (10:00 a.m. ET), February 28, 2024. Participation details are available in this release, and supplemental materials can be accessed on the Company's website, . Fourth Quarter 2023 Highlights Net income of $303 million and Adjusted EBITDAX(1) of $763 million Net cash provided by operating activi...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its fourth quarter 2023 operating and financial results and its 2024 outlook after market close on Tuesday, February 27, 2024. A conference call and webcast is planned for 8 a.m. MT (10 a.m. ET), on Wednesday, February 28, 2024. The dial-in number for the call is 888-510-2535, with passcode 4872770. A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at . About Civitas Civitas Resources, Inc. is an i...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced that Brad Whitmarsh has joined Civitas as Vice President, Investor Relations. Mr. Whitmarsh will report to Chief Financial Officer Marianella Foschi and will serve as the primary liaison between the Company and the investment community. Mr. Whitmarsh joins Civitas with more than 20 years of leadership experience in the oil and gas industry. Prior to Civitas, Mr. Whitmarsh most recently served as Vice President, Investor Relations for Denbury Inc., a U.S. focused producer utilizing carb...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (“Civitas”) today announced the closing of its previously announced acquisition (the “Acquisition”) of certain oil and gas assets in the Midland basin in Texas from Vencer Energy, LLC (“Vencer”), a Vitol investment. Under the terms of the agreement, Civitas issued Vencer 7,181,527 shares of common stock and $1 billion of cash. A $550 million deferred cash payment is due to Vencer on January 3, 2025. Civitas currently plans to use cash on hand and/or borrowings on the credit facility to fund the deferred cash payment. Chris Doyl...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced its third quarter 2023 financial and operating results. A conference call is planned for 8 a.m. MT (10 a.m. ET), November 8, 2023. Participation details can be found in this release. In addition, supplemental slides have been posted to the Company’s website, . Third Quarter 2023 Highlights Average daily sales volumes of 235.3 thousand barrels of oil equivalent per day ("MBoe/d") and 113.8 thousand barrels of oil per day, which benefited from the addition of two months of Permian Bas...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its third quarter 2023 operating and financial results after market close on Tuesday, November 7, 2023. A conference call to discuss these results is planned for 8 a.m. MT (10 a.m. ET), Wednesday, November 8, 2023. A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at . Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-25...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (the “Company”) (NYSE: CIVI) today announced that it has priced a private placement (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”) of $1,000 million in aggregate principal amount of new 8.625% senior notes due 2030 (the “Notes”) at par. The Offering is expected to close on October 17, 2023, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the Offering, together with cash on hand, to fund a por...
DENVER--(BUSINESS WIRE)-- Civitas Resources’ (NYSE: CIVI) (“Civitas” or the “Company”) CEO Chris Doyle today issued the following statement in conjunction with the Company’s recently announced debt offering: “Today’s debt offering is expected to successfully finance our accretive Vencer acquisition. There is inherent flexibility in our capital structure, and we see tremendous value in our equity at today’s levels. With expectations for $300 million or more in non-core asset sales, we anticipate maintaining a strong capital structure rapidly advancing towards our 0.75x mid-cycle leverage targ...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (the “Company”) (NYSE: CIVI) today announced that, subject to market conditions, it intends to offer $1,000 million in aggregate principal amount of senior unsecured notes due 2030 (the “Notes”) in a private placement (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”). The Company expects to use the net proceeds from the Offering, together with cash on hand and borrowings under the Company’s credit facility, to fund a portion of the cash purchase price of the...
DENVER--(BUSINESS WIRE)-- Civitas Resources (NYSE: CIVI) (“Civitas”) today signed an agreement with Vencer Energy (“Vencer”), a Vitol investment, to acquire oil producing assets in the Midland Basin of west Texas for a total consideration of approximately $2.1 billion, subject to customary terms, conditions, and closing price adjustments (the “Acquisition”). The Acquisition is expected to close in January 2024 with an effective date of January 1, 2024. Civitas plans to hold a conference call to discuss the Acquisition at 7:00 a.m. MDT (9:00 a.m. EDT) on October 4, 2023. Participation details...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”) today announced the appointment of Jeff Kelly as Chief Transformation Officer, effective August 3, 2023. Chris Doyle, President and CEO, said, “On behalf of the Board of Directors and the Company, I am excited to welcome Jeff to the Civitas team. He is a proven leader and brings experience across all aspects of our business. He will lead our transformation to a diversified business of scale and bring a disciplined and strategic approach that will ensure Civitas continues to execute its business and ca...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (the "Company" or "Civitas") today announced its second quarter 2023 financial and operating results. In addition, the Company also announced the closing of its transformative acquisitions in the Permian Basin for aggregate consideration of approximately $4.7 billion. The deals diversify the Company’s asset portfolio through scalable operations and a deep inventory of quality drilling locations in the top three oil basins in the U.S. A conference call to discuss the second quarter results is planned for 8:00 a.m. MT (10:00 a.m. E...
DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced plans to release its second quarter 2023 operating and financial results after market close on Wednesday, August 2, 2023. A conference call to discuss these results is planned for 8 a.m. MDT (10 a.m. EDT), Thursday, August 3, 2023. A live webcast and replay of this event will be available on the Investor Relations section of the Company’s website at . Dial-in information for the conference call is included below. Phone Number Passcode Live participant 888-510-25...
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