Barclays initiated coverage on Vine Energy with a new price target
$VEI
Barclays initiated coverage of Vine Energy with a rating of Overweight and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/23/2021 | $18.00 → $14.00 | Overweight → Equal-Weight | Morgan Stanley |
OKLAHOMA CITY, Nov. 1, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced it has completed its previously announced acquisition of Vine Energy Inc. (NYSE:VEI). The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021. Vine stockholders will receive fixed consideration of 0.2486 of a share of Chesapeake common stock plus $1.20 cash for each share of Vine common stock issued and outstanding immediately prior to the closing of the merger, with cash to be received in lieu of any fractional shares. As a result of the merger, Vine common stock will no longer be listed for trading on the New York Stock Exchange and its reporting ob
Vine Energy Inc. (NYSE:VEI) announced today the conclusion of the drilling phase of the longest onshore horizontal well in the State of Louisiana. The CHKMIN 20-29-32HC-01 ALT was recently drilled in Sabine Parish to the Mid-Bossier formation with an estimated lateral of 15,240 feet and total measured depth of 27,520 feet. The well was drilled in 35 days and the drilling phase cost approximately $400 per lateral foot, a Vine record for both drilling time and cost. The well is scheduled for completion in January 2022. Commenting on the news, David Elkin, Vine's Executive Vice President and Chief Operating Officer said, "I want to congratulate the Vine team for what is quite simply a remark
Vine Energy Inc. announced today that it cancelled its second-quarter 2021 conference call scheduled for August 16, 2021 at 9am Central time following the announcement of the definitive agreement in which Chesapeake Energy intends to acquire Vine. The call is not expected to be rescheduled. The company expects to file its second-quarter 2021 results on Form 10-Q on or before August 16, 2021. About Vine Energy Inc. Vine Energy Inc., based in Plano, Texas, is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The Company is listed on the New York Stock Exchange under
15-12B - VINE ENERGY INC. (0001693853) (Filer)
S-8 POS - VINE ENERGY INC. (0001693853) (Filer)
25-NSE - VINE ENERGY INC. (0001693853) (Subject)
Morgan Stanley downgraded Vine Energy from Overweight to Equal-Weight and set a new price target of $14.00 from $18.00 previously
Barclays initiated coverage of Vine Energy with a rating of Overweight and set a new price target of $14.00
Morgan Stanley initiated coverage of Vine Energy with a rating of Overweight and set a new price target of $18.00
4 - VINE ENERGY INC. (0001693853) (Issuer)
4 - VINE ENERGY INC. (0001693853) (Issuer)
OKLAHOMA CITY, Nov. 1, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced it has completed its previously announced acquisition of Vine Energy Inc. (NYSE:VEI). The transaction was approved by Vine stockholders at a special meeting held on November 1, 2021. Vine stockholders will receive fixed consideration of 0.2486 of a share of Chesapeake common stock plus $1.20 cash for each share of Vine common stock issued and outstanding immediately prior to the closing of the merger, with cash to be received in lieu of any fractional shares. As a result of the merger, Vine common stock will no longer be listed for trading on the New York Stock Exchange and its reporting ob
Vine Energy Inc. announced today that it cancelled its second-quarter 2021 conference call scheduled for August 16, 2021 at 9am Central time following the announcement of the definitive agreement in which Chesapeake Energy intends to acquire Vine. The call is not expected to be rescheduled. The company expects to file its second-quarter 2021 results on Form 10-Q on or before August 16, 2021. About Vine Energy Inc. Vine Energy Inc., based in Plano, Texas, is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The Company is listed on the New York Stock Exchange under
OKLAHOMA CITY, Aug. 11, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) ("Chesapeake") and Vine Energy Inc. (NYSE:VEI) ("Vine") today announced that they have entered into a definitive agreement pursuant to which Chesapeake will acquire Vine, an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana. The acquisition is a zero premium transaction valued at approximately $2.2 billion, based on a 30-day average exchange ratio as of Tuesday's close, equating to $15.00 per share.
SC 13D - VINE ENERGY INC. (0001693853) (Subject)