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Market Chatter: HighPeak Energy Considering Sale

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HighPeak Energy (HPK) is considering a potential sale, working with investment bankers from Evercore (EVR) and Texas Capital Bancshares (TCBI) subsidiary Texas Capital Securities, Reuters reported Thursday, citing three sources familiar with the matter.

The move to explore a sale comes after the Permian Basin-focused oil and gas company received an acquisition offer from an undisclosed international party, the sources said, adding that there was no certainty that the efforts would result in a transaction.

HighPeak, Evercore, and Texas Capital did not immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $8.35, Change: $+0.48, Percent Change: +6.10%

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