STOCK TITAN

Hammerhead Energy Inc. - HHRS STOCK NEWS

Welcome to our dedicated news page for Hammerhead Energy (Ticker: HHRS), a resource for investors and traders seeking the latest updates and insights on Hammerhead Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hammerhead Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hammerhead Energy's position in the market.

Rhea-AI Summary
Hammerhead Energy Inc. (HHRS) to be Acquired by Crescent Point Energy Corp. in a $15.50 Cash and 0.5340 Crescent Point Common Share Deal
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Hammerhead Energy Inc. (HHRS) Announces Plan of Arrangement with Crescent Point Energy Corp. for Acquisition of All Shares
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
none
-
Rhea-AI Summary
Hammerhead Energy Inc. announces record financial and operating results for Q3 2023. The company achieved record production and adjusted funds from operations. It also reported marked reductions in operating and transportation costs. Hammerhead has entered into a definitive arrangement agreement with Crescent Point Energy Corp. for an acquisition. The transaction is expected to close in late December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.91%
Tags
Rhea-AI Summary
Hammerhead Energy Inc. has entered into a definitive arrangement agreement with Crescent Point Energy Corp. for Crescent Point to acquire all of Hammerhead's Class A common shares for C$21.00 per share. The transaction is expected to close in late December 2023 and each Hammerhead share will be exchanged for C$15.50 in cash and C$5.50 in Crescent Point shares. The purchase price implies an enterprise value for Hammerhead of approximately C$2.55 billion, representing a 17% premium over the five-day volume weighted average trading price. The transaction will create the seventh-largest E&P in Canada with production weighted 65% to oil and liquids.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.91%
Tags
-
Rhea-AI Summary
Hammerhead Energy Inc. expands credit facility to C$450 million, repays US$63.7 million of debt, and expects to implement a return of capital strategy for shareholders. Generates C$21.9 million of free funds flow in July and August 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
none
-
Rhea-AI Summary
Hammerhead Energy Inc. announces increased 2023 annual average production guidance to 41,500 boe/d, exceeding previous estimate of 40,200 boe/d. Peak pad production on the North Karr 10-14 pad exceeded 17,800 boe/d. Capital expenditures guidance reduced to $500 million from $525 million. Free funds flow expected in October 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.65%
Tags
none
Rhea-AI Summary
Hammerhead Energy Inc. announces Fair Market Value for redemption of outstanding Public Warrants. Redemption Fair Market Value is $12.38, allowing holders to receive 0.296 Common Shares per Public Warrant. Unexercised Public Warrants after September 15, 2023, will be void. Redemption Price is $0.10 per Public Warrant.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.8%
Tags
none
-
Rhea-AI Summary
Hammerhead Energy Inc. announced that it will redeem all of its outstanding public warrants for cash at a redemption price of US$0.10 per warrant. The redemption date is September 15, 2023, and the warrants can be exercised until that date to purchase common shares. The fair market value of the shares will be determined based on the average last reported sale price during the 10 trading days following the notice of redemption. Any unexercised warrants after the redemption date will be void and no longer exercisable.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.2%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.72%
Tags
none
Hammerhead Energy Inc.

Nasdaq:HHRS

HHRS Rankings

HHRS Stock Data

1.47B
9.89M
0.84%
87.48%
0.01%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Calgary