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Oil & Gas Major's Pending Assets Sale Uncertain

Source: Streetwise Reports 04/17/2020 The status and potential implications of this deal involving BP as the seller are discussed in a Raymond James report. In an April 13 research note, Raymond James analyst Pavel Molchanov wrote that the pending sale of BP Plc’s (BP:NYSE; BP:LSE) Alaska assets to Hilcorp “is looking dicey.” The transaction, announced in August 2019, involves Hilcorp, a private oil and gas exploration and production company, buying all of BP’s upstream and midstream operations in Alaska for $5.6 billion. Hilcorp is to pay $4 billion at closing, which is slated for mid-2020, and the rest as an

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Tronox Shares Trade Up 25% on Preliminary Q1 Financial Results

Source: Streetwise Reports 04/17/2020 Shares of Tronox Holdings traded higher after the company released preliminary Q1/20 earnings data and provided an update on its ongoing operations. This morning prior to the opening of U.S. markets, Tronox Ltd. (TROX:NYSE) announced some selected preliminary unaudited financial results for Q1/20 ending March 31, 2020. The company additionally provided an update on its current business operations. Tronox highlighted that for Q1/20 it expects that revenue will come in at $722 million. The company further expects Q1/20 non-GAAP adjusted EBITDA of $172 million, a 22% increase over $141 million in Q1/19 and that Q1/20 non-GAAP

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