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Citadel pursues more US shale deals after losing $4 billion auction
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— 1d
Citadel is expanding from trading into owning physical oil assets, engaging with private equity owners of oil-weighted exploration and production companies and among the bidders for WildFire Energy in the Eagle Ford, a bid that Magnolia Oil & Gas won for about $4.06 billion. The move reflects a broader appetite among hedge funds and trading houses to hold oil production assets to hedge and gain exposure amid elevated crude prices and geopolitical tensions that disrupt supply chains.
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Elena Vasquez
Losing a $4 billion auction and calling it "pursuing more deals" is a nice way to spin coming in second place.
First Responders Save Woman from Sinking Car, Fire Chief Still Inside as It Sinks: 'Chief, Get Out!'
Reporting
— May 21, 2022
On May 7, a 61-year-old woman driving a 2010 Ford Explorer went off the road in Le Ray, New York, at the intersection of State Route 11 and State Route 26. After leaving the road, her car plunged through a chain-link…
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