Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [Financial Post (Toronto, Ontario, Canada)]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Financial Post
billion, allowing it to acquire an oil refiner that was once Venezuela's largest foreign asset. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — An Elliott Investment Management affiliate emerged as the leading bidder in an auction for Citgo Petroleum Corp.'s parent company with a bid for $7.28 billion, allowing it to acquire an oil refiner that was once Venezuela's largest foreign asset. The affiliate, Amber Energy Inc., submitted the best bid for Citgo's US parent, PDV Holding, Robert Pincus, the court-appointed special master who oversaw the process, said in a filing Friday. The sale is intended to satisfy Venezuela creditors holding more than $20 billion in claims. The group won out over other bidders interested in wresting control of Citgo from Petroleos de Venezuela SA, Venezuela's state-owned oil company. The interim recommendation from Pincus is subject to a final decision by him and co
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News
- ConocoPhillips wins judge's approval to seize payments to Venezuela's PDVSA [Seeking Alpha]Seeking Alpha
- Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [BNN Bloomberg (Canada)]BNN Bloomberg
- Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE: COP) had its price target lowered by analysts at Wells Fargo & Company from $150.00 to $132.00. They now have an "overweight" rating on the stock.MarketBeat
- ConocoPhillips (COP) Fell Due to Lower Oil Prices [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 8/1/24 - Miss
COP
Sec Filings
- 9/12/24 - Form SD
- 9/4/24 - Form 4
- 9/4/24 - Form 3
- COP's page on the SEC website