FINWIRES · TerminalLIVE
FINWIRES

$DEC

14 stories mentioning DECUpdated 19d ago

Every FINWIRES story that references DEC, newest first.

What are analysts saying about DEC?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on DEC?

Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index added 0.9%.In geopolitical news, the US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.Front-month West Texas Intermediate crude oil rose 0.7% to $91.62 a barrel, and the global benchmark Brent crude contract increased 0.1% to $95.71 a barrel. Henry Hub natural gas futures shed 1.3% to $2.92 per 1 million BTU.US natural gas stocks rose by 30 billion cubic feet in the week ended Aug. 28, smaller than the 31 billion gain expected in a survey compiled by Bloomberg and following an increase of 15 billion cubic feet in the previous week.In corporate news, BP (BP) on Thursday sent a letter to the union representing workers at its refinery in Whiting, Indiana, stating that it is willing to re-start negotiations, or work through a federal mediator, to end a BP lock-out that began on March 19. Separately, BP has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.7%.Diversified Energy (DEC) has agreed to buy Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares gained 2.3%.Equinor's (EQNR) East Point Energy unit has begun operations at Citrus Flatts, its largest energy storage project in the US, a key step toward building scalable operations in the onshore power industry. Equinor shares were down 2%.GeoPark (GPRK) said it has made a strategic entry into Venezuela via the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt. GeoPark shares rose 1.1%.

$BP$DEC$EQNR$GPRK
Sectors

Sector Update: Energy Stocks Decline Thursday Afternoon

Energy stocks were lower Thursday afternoon, with the NYSE Energy Sector Index down 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) slipping 0.2%.The Philadelphia Oil Service Sector Index was falling 1.6%, and the Dow Jones US Utilities Index added 0.9%.In geopolitical news, the US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.Front-month West Texas Intermediate crude oil rose 0.4% to $91.37 a barrel, and the global benchmark Brent crude contract slid 0.2% to $95.43 a barrel. Henry Hub natural gas futures shed 1.5% to $2.92 per 1 million BTU.US natural gas stocks rose by 30 billion cubic feet in the week ended Aug. 28, smaller than the 31 billion gain expected in a survey compiled by Bloomberg and following an increase of 15 billion cubic feet in the previous week.In corporate news, Diversified Energy (DEC) has agreed to buy Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares gained 3.8%.BP (BP) has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.4%.GeoPark (GPRK) said it has made a strategic entry into Venezuela via the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt. GeoPark shares rose 2.5%.

$BP$DEC$GPRK
Sectors

Sector Update: Energy Stocks Rise Pre-Bell Thursday

Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.6%.The United States Oil Fund (USO) was up 0.8% and the United States Natural Gas Fund (UNG) was 0.1% higher.Front-month US West Texas Intermediate crude oil was 0.9% higher at $91.84 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.6% to $96.22 per barrel, and natural gas futures were up 1.3% at $2.99 per 1 million British Thermal Units.Diversified Energy (DEC) has agreed to acquire Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares were up more than 1% premarket.GeoPark (GPRK) has made a strategic entry into Venezuela through the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt, the company said. GeoPark stock was up more than 7% pre-bell.Shell (SHEL) has completed its acquisition of ARC Resources after receiving all required shareholder, court and regulatory approvals, the company said. Shares of Shell were 0.1% lower premarket.

$DEC$GPRK$SHEL$UNG$USO$XLE
Sectors

Sector Update: Energy

Energy stocks were rising pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was up 1% and the United States Natural Gas Fund (UNG) was 0.1% higher.Front-month US West Texas Intermediate crude oil was 1.2% higher at $92.11 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.8% to $96.35 per barrel, and natural gas futures were up 1.1% at $2.99 per 1 million British Thermal Units.Diversified Energy (DEC) has agreed to acquire Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares were up more than 1% premarket.

$DEC
Commodities

Diversified Energy to Acquire Birch Permian for $1.8 Billion to Expand in Permian

Diversified Energy Company (DEC) is set to acquire Birch Permian Holdings and certain affiliates from Elliott Investment Management for $1.8 billion, marking the largest acquisition in the company's 25-year history, it said on Wednesday.The deal is set to expand Diversified's presence in the Permian basin, establishing it as the premier operator, while increasing its overall output by 35% and adjusted EBITDA by around 55%.Birch's assets produce 68,000 barrels of oil equivalent per day, comprising roughly 38% oil, 32% natural gas liquids and 30% natural gas. Its portfolio includes about 46,000 net mineral acres in the Permian Basin and 500 gross operated wells.The acquisition will be funded primarily through a $1.5 billion privately rated asset-backed securitization originated and structured by private equity firm Carlyle, and partially through Diversified's revolving credit facility, the company said.Separately, Diversified and Carlyle have agreed to expand their strategic partnership to pursue up to $10 billion in additional opportunities, which they said was aimed at combining attractive financing with operating expertise.

$DEC
Equities

Diversified Energy Agrees to Acquire Birch Permian in $1.8 Billion Deal

Diversified Energy (DEC) has agreed to acquire Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said Wednesday.The acquisition will add about 68,000 barrels of oil equivalent per day of net production from 480 net wells, with a production mix of about 38% oil, 32% natural gas liquids, and 30% natural gas, Diversified Energy said.Birch Permian is expected to contribute about $548 million in annualized adjusted EBITDA, the company said.The deal will be funded through a combination of about $1.5 billion of asset-backed securitization financing arranged by Carlyle and existing liquidity from a revolving credit facility, Diversified Energy said.The companies also expanded their strategic partnership to pursue up to $10 billion in potential future producing-asset acquisition opportunities, Diversified Energy said.The company expects the transaction to close in Q4, subject to customary closing conditions, it said.

$DEC
Sectors

Sector Update: Energy Stocks Rise Friday

Energy stocks rose Friday with the NYSE Energy Sector Index gaining 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index climbed 2.6%, and the Dow Jones US Utilities Index advanced 0.3%.West Texas Intermediate crude oil rose 1.4% to $82.41 a barrel, and global benchmark Brent advanced 1.7% to $88.53 a barrel. Henry Hub natural gas futures eased 0.3% to $2.72 per 1 million BTU.Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked at the chokepoint, Reuters reported. Abu Dhabi's national oil company said its vessels were attacked Thursday evening, and that the government of the United Arab Emirates blamed Iran, which made no immediate comment, the report said.In corporate news, Energy Transfer's (ET) Green Chile Project pipeline, a New Mexico natural gas project that would supply power-generation systems for a planned Oracle (ORCL) data center, has been delayed and is now expected to enter service next year, Bloomberg reported. Energy Transfer shares rose 1.4%.Phillips 66 (PSX) and Marathon Petroleum (MPC) held discussions earlier this year over a potential combination that would have created a company valued at $180 billion, Semafor reported. Phillips 66 shares rose 0.4%, and Marathon fell 0.3%.Shell (SHEL) lost a legal battle with environmental activists over an oil exploration campaign off South Africa's Wild Coast, Bloomberg reported. Shell shares rose 1.5%.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported. Diversified Energy shares rose 1.1%.

$DEC$ET$MPC$PSX$SHEL
Sectors

Sector Update: Energy Stocks Rise Friday Afternoon

Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index rising 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.6%.The Philadelphia Oil Service Sector Index was climbing 2.9%, and the Dow Jones US Utilities Index was up 0.7%.Front-month West Texas Intermediate crude oil rose 1.1% to $82.15 a barrel, and the global benchmark Brent crude contract advanced 1.3% to $88.18 a barrel. Henry Hub natural gas futures added 0.9% to $2.75 per 1 million BTU.In geopolitical news, Treasury Secretary Scott Bessent said the US plans to announce measures on Iran next week that have "never been seen," CNN reported. Secretary of Defense Pete Hegseth said the US can sustain its blockade against Iran "indefinitely," Al Jazeera, a Middle Eastern broadcaster, reported. Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked at the chokepoint, Reuters reported. The Abu Dhabi National Oil Co. from the United Arab Emirates said its vessels were attacked Thursday evening, the news report said, adding that the UAE government blamed Iran, which made no immediate comment.In corporate news, Phillips 66 (PSX) and Marathon Petroleum (MPC) held discussions earlier this year over a potential combination that would have created an oil-and-gas company valued at about $180 billion, Semafor reported. Phillips 66 shares were down 0.1%, and Marathon was shedding 0.8%.Shell (SHEL) has lost a legal battle with environmental activists over an oil exploration campaign off South Africa's Wild Coast, Bloomberg reported. The Constitutional Court ruled that the exploration right cannot be renewed, Bloomberg said. The report said the five-year legal dispute began in 2021, when activists challenged Shell's planned seismic survey over concerns about community consultation and potential impacts on marine life. Shell shares were up 1%.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported. Diversified Energy shares rose 1%.

$DEC$MPC$PSX$SHEL
Sectors

Sector Update: Energy Stocks Edge Higher Pre-Bell Friday

Energy stocks were edging higher pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 0.8% higher.Front-month US West Texas Intermediate crude oil was 0.1% higher at $81.31 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell marginally to $87.05 per barrel, and natural gas futures were up 0.9% at $2.75 per 1 million British Thermal Units.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported, citing a Diversified Energy statement. Shares of Diversified Energy were up more than 2% premarket.BP (BP) received an exploration and production license for phase 2 of the Loran offshore gas field in Venezuela's Plataforma Deltana area with an estimated 4 trillion cubic feet of recoverable gas resources, the company said. Shares of BP were 0.3% higher pre-bell.Eni (E) and its partners have submitted an application for an Argentinian liquefied natural gas project to join the so-called Large Investment Incentive Regime, which is designed to promote investments in the South American nation's strategic sectors, Eni said. Eni shares were up 0.1% premarket.

$BP$DEC$E$UNG$USO$XLE
Sectors

Sector Update: Energy

Energy stocks were edging higher pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.4%.The United States Oil Fund (USO) was down 0.3% and the United States Natural Gas Fund (UNG) was 1.3% higher.Front-month US West Texas Intermediate crude oil was inactive at $81.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.1% to $86.99 per barrel, and natural gas futures were up 1.2% at $2.76 per 1 million British Thermal Units.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported, citing a Diversified Energy statement. Shares of Diversified Energy were up more than 2% premarket.

$DEC
Equities

Market Chatter: Diversified Energy in Talks to Acquire Elliott-Backed Birch Resources

Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported Friday, citing a Diversified Energy statement.The parties are yet to reach an agreement, and there is no certainty that any deal will materialize, the news agency reported, citing the statement.Birch is backed by investment firm Elliott Investment Management, according to the repot.Diversified Energy and Elliot didn't immediately respond to' requests for comment.Diversified Energy shares were up 1.4% in premarket activity.(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.)

$DEC
Oil & Energy

US Oil, Gas M&A Slumps in Q2 as Volatility Freezes Deals, Enverus Says

US upstream oil and gas mergers and acquisitions slowed in Q2, plunging 76% from the previous quarter to $9.1 billion amid commodity price volatility, though robust competition for premier acreage points to a rebound in H2 2026, Enverus strategists said on Wednesday.Enverus analysts said that Q2 deal value marked the third-lowest quarterly total since 2020 and a 33% decline from the same period a year ago. The prior quarter's figures had been inflated by Devon Energy's (DVN) mega-merger with Coterra Energy (CTRA), the analysts said.However, despite the headline drop, over 40% of the quarter's total deal value came from the Bureau of Land Management's record-setting New Mexico lease sale, which generated more than $4 billion and shattered the previous auction record of $972 million set in 2018."The quarter looks weak on the headline number, but that understates the strength of the underlying bid for inventory," said Andrew Dittmar, principal analyst at Enverus Intelligence Research.Dittmar said that crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated valuations.Enverus said that it views the slowdown as a temporary negotiation obstacle rather than a fundamental demand issue, noting that public companies remain willing to pay rising prices for tier-one Permian acreage.Public operators dominated the landscape during the quarter, leading bidding at the BLM lease sale, where Devon Energy and Matador Resources (MTDR) secured high-priced Permian positions.Furthermore, Diversified Energy (DEC) partnered with Carlyle to acquire the majority of Camino Natural Resources in the Anadarko Basin, while Talos Energy (TALO) continued its consolidation of mature Gulf of Mexico assets.Private equity and asset-backed securitization buyers also maintained a strong presence, accounting for nearly 30% of asset-level deal flow for the second consecutive quarter.Over the past year, ABS-fueled buyers such as Flywheel Energy and Jonah Energy have absorbed roughly $10 billion in assets. Jonah deployed fresh capital into the Mid-Continent region during the quarter with a $1 billion purchase from Scout Energy Partners.The influx of ABS capital has transformed the Anadarko Basin into a leading M&A hub, with more than $5 billion transacting year-to-date.Enverus projects this funding model to expand geographically into mature, oil-weighted profiles such as the DJ and Williston basins.Meanwhile, the data analytics firm said scarcity of quality oil-weighted drilling locations continued to drive aggressive competition.Following the BLM auction, EnCap Investments' Paloma Permian fetched a strong premium in its July sale to Matador for $1.3 billion. Outside the Permian, Eagle Ford inventory captured strong buyer interest, highlighted by WildFire Energy's sale to Magnolia Oil & Gas for just over $4 billion.The high-valuation environment crossed borders during the quarter. Shell's (SHEL) $16.4 billion acquisition of ARC Resources in April drove total Canadian announced deal value above US levels, a rare occurrence, as international firms bet on Canada's deep resource base and improving infrastructure.Gas-directed M&A faced headwinds in Q2 as near-term market fundamentals weakened and acquisition targets in gas plays like the Haynesville grew scarce.However, Enverus said that longer-term demand expectations tied to liquefied natural gas exports remain solid, pointing to an eventual return of international capital to US gas production.Price: $42.64, Change: $-1.42, Percent Change: -3.21%

$CTRA$DEC$DVN$MTDR$SHEL
Equities

Diversified Energy, Carlyle Partner to Acquire $1.18 Billion Worth of Oklahoma Energy Assets

Diversified Energy (DEC) and Carlyle's (CG) global credit platform exercised a purchase agreement for the acquisition of a portfolio of oil and natural gas properties and related assets in Oklahoma's Anadarko Basin from Camino Natural Resources for $1.18 billion, the companies said Wednesday.The acquisition includes an additional 100 undeveloped inventory locations in an active area, with Diversified owning more than 450 locations in Oklahoma, the companies said.The acquisition will be financed by an asset-backed securitization structured and arranged by Carlyle, the companies said.

$CG$DEC
Research

Stephens Initiates Diversified Energy at Overweight With $24 Price Target

Diversified Energy (DEC) has an average rating of buy and mean price target of $24.76, according to analysts polled by FactSet.

$DEC

Track with the FINWIRES app suite

FolioX
FolioX
Track DEC in your portfolio
WheelAI
WheelAI
Analyze DEC options with the wheel strategy
StockInsider
StockInsider
See market sentiment on DEC