5 stories mentioning VIVKUpdated 6d ago
Every FINWIRES story that references VIVK, newest first.
Olenox Industries (OLOX) said Wednesday it appointed Kimberly Hawley as interim chief financial officer, effective July 24, following the departure of former CFO Tricia Kaelin.Hawley currently serves as executive vice president, CFO and treasurer of Vivakor (VIVK) and will continue that role while serving as the interim CFO of Olenox, the company said.Price: $4.97, Change: $+0.01, Percent Change: +0.30%
Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack said Tuesday it agreed to buy the US snacks maker in a $2.9 billion take-private deal.Over 50.6 million shares traded intraday versus a daily average of roughly 1.9 million.Vivakor's (VIVK) supply and trading unit signed four recurring physical crude oil purchase and sale transactions with two commercial counterparties for an estimated annualized commercial value of about $289.2 million, the company said Tuesday.Shares surged 148% as intraday trading volume catapulted to over 118.5 million from a daily average of about 313,000.Intel (INTC) is planning to lay off workers in its data center group, Business Insider reported Tuesday, citing a company spokesperson. Separately, RBC Capital Markets said in a note that Intel is expected to report a decent Q2 supported by server CPU demand and pricing momentum.Shares jumped 8.2%, with intraday trading volume at more than 64.8 million versus the stock's daily average of about 134.8 million.Price: $14.10, Change: $+6.65, Percent Change: +89.19%
Vivakor (VIVK) said Tuesday its Vivakor Supply & Trading unit has signed four recurring physical crude oil purchase and sale transactions with two commercial counterparties for an estimated annualized commercial value of about $289.2 million.The transactions start Aug. 1 and continue through July 31, 2027, with potential monthly renewals, according to a statement.Vivakor said it now has recurring commercial programs representing about $709 million in annualized commercial activity and roughly 8.1 million barrels of annual marketed crude oil volumes.Shares of Vivakor were up more than 374% in Tuesday trading.Price: $8.21, Change: $+6.48, Percent Change: +374.57%
Vivakor (VIVK) said Thursday it now targets to close the proposed sale of its CPE Gathering MidCon business to Olenox Industries (OLOX) on July 31.The company said it amended its letter of intent to extend the closing date from its original target of around March 31 to provide more time for the parties to complete due diligence, obtain approvals, finalize definitive agreements, and meet other closing conditions.The proposed sale, valued at approximately $36 million, covers CPE Gathering's Oklahoma crude oil midstream system and transportation assets, Vivakor said.Vivakor and Olenox shares were up 1.5% and 2.7% respectively in early Thursday trading.Price: $0.35, Change: $+0.01, Percent Change: +1.45%
Vivakor (VIVK) increased its annualized contracted revenue opportunity beyond $323 million after securing a new recurring crude oil transaction in the Permian Basin, the company said Thursday.Through its Vivakor Supply & Trading unit, the company agreed to handle about 2,000 barrels of crude oil per day through pipeline-connected facilities in West Texas and New Mexico, expanding its portfolio of recurring commercial arrangements.The company said the agreement will begin on July 1, 2026, and will automatically renew each month unless either party terminates it. Based on current pricing assumptions, the arrangement could generate about $150,000 in gross revenue per day, or roughly $4.5 million per month.On an annualized basis, the transaction represents about $54 million in gross revenue. Combined with previously announced commercial activities and trading arrangements, Vivakor's contracted revenue opportunities now exceed $323 million annually, the company said.Vivakor will receive, transport, and market the crude volumes through its pipeline-connected injection stations across West Texas and New Mexico before delivering barrels into the Energy Transfer pipeline system, the company said."By combining commodity marketing capabilities with physical infrastructure assets, we are able to provide customers with efficient market access while increasing throughput and commercial activity across our operating platform," Vivakor Chairman and Chief Executive Officer James Ballengee said.Vivakor recently highlighted its network of 10 pipeline-connected injection stations across Texas and New Mexico, which connect to systems operated by Energy Transfer, Centurion, Plains Basin, Cactus II, Permian Express and Enterprise.The company added that actual revenue recognition will represent only a portion of total contract value and will vary with market conditions, pricing and delivered volumes.Price: $0.49, Change: $-0.02, Percent Change: -4.12%
