Battalion Oil: +5% Arbitrage Spread With Short Timeline [Seeking Alpha]
Battalion Oil Corporation (BATL)
Company Research
Source: Seeking Alpha
Play 6min Summary Battalion Oil Corporation's stock offers a +5% real return within 60 days due to a pending acquisition by Ruckus Energy Holdings LLC at $7/share. The acquisition is an all-cash deal with financing secured, pending one material condition before completion and disbursement to BATL shareholders. Despite inherent risks, the merger arbitrage presents favorable rewards, leading to a Strong Buy recommendation with a $7/share price target. The merger was announced on December 14, 2023, involving two energy E&P companies, BATL and Ruckus. Funtay The common stock of Battalion Oil Corporation ( NYSE: BATL ) offers an attractive +5% real return in what is expected to be less than 60 days. The opportunity stems from the pending merger transaction between BATL and Ruckus This article was written by Anthony H. Steinmetz Follower s Follow My articles primarily focus on value, event-driven, and high yield debt investing. I have a background in managing a sm
Show less
Read more
Impact Snapshot
Event Time:
BATL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BATL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BATL alerts
High impacting Battalion Oil Corporation news events
Weekly update
A roundup of the hottest topics
BATL
News
- Battalion Oil Corporation Announces Third Quarter 2024 Financial and Operating ResultsGlobeNewswire
- Battalion Oil: The Acquisition Attempt By Fury Resources May Finally Go Through [Seeking Alpha]Seeking Alpha
- Why Is Battalion Oil Stock Jumping Premarket Friday? [Yahoo! Finance]Yahoo! Finance
- Battalion Oil Corporation Announces Amendment to Merger Agreement with Fury Resources, Inc.GlobeNewswire
BATL
Sec Filings
- 11/21/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/12/24 - Form 10-Q
- BATL's page on the SEC website