Permian basin consolidation continues at a rapid pace. Only a few days after Earthstone Energy (NYSE: ESTE) announced its acquisition of Novo Oil & Gas Holdings LLC, Civitas Resources announced today that it will be simultaneously acquiring Midland Basin assets from Hibernia Energy III, LLC and Delaware Basin assets from Tap Rock Resources. Both are owned by private equity firm NGP Energy Capital Management, LLC.
Only in a market composed of AI addled, BTFD tech addicted, price insensitive passive strategy algorithms can such price non discovery occur...temporarily?
Only in a market composed of AI addled, BTFD tech addicted, price insensitive passive strategy algorithms can such price non discovery occur...temporarily?