Tag: dominion energy stock

How to beat Dominion Energy stock pickers

By Andrew Sacher November 16, 2018 07:08:56 When Dominion Energy announced last week that it would be buying the assets of Southern Cross, it came on the heels of other major energy companies, including ExxonMobil, Peabody Energy, and Chevron.

And while Dominion did not disclose the purchase price, analysts at Capital IQ estimated that the price tag would be $7 billion to $8 billion.

That’s less than the $7.6 billion it paid for Southern Cross in 2016.

Dominion’s CEO said in a statement that the deal is an “important addition to Dominion’s portfolio and our continued commitment to invest in our portfolio of energy businesses.”

The acquisition comes just days after the U.S. Securities and Exchange Commission approved Dominion’s application for a listing on the New York Stock Exchange.

On Wednesday, the U,S.

Commodity Futures Trading Commission (CFTC) also approved the company’s application to list on the Nasdaq.

In its announcement, Dominion said the acquisition will create a diversified energy company that will focus on the U: “Our investment in our businesses will align with Dominion’s long-term strategy of growing its portfolio through a combination of acquisitions, divestitures, and other strategic investments.

Our long-range focus will be on diversifying our portfolio and building out our operational capabilities.”

The company also said the transaction is expected to result in a $7-billion annual return for Dominion shareholders.

But in its statement, Dominion wrote that “our investments in our U..

S., Canadian, and Mexican operations will provide for greater liquidity and flexibility in the market.”

“We will continue to invest, innovate, and grow our business while leveraging our market-leading technology and infrastructure,” the company said.

Dominion said it will pay $1.9 billion in cash and $3.9 to $3,000 in cash equivalents for Southern Pass and Southern Cross.

The acquisition will allow Dominion to use its existing debt to purchase shares in Southern Cross and Southern Pass, according to the company.

Dominion Energy said the purchase is expected for completion in 2021, which would be four years later than the expected 2021 completion date of 2021, according.

Dominion has struggled in recent years, as the company struggles to meet the energy demand of its core U.,S., and Canadian operations.

Dominion spent $5 billion on a major coal mine expansion in the Midwest in 2017, and the company has not been able to meet its $3 billion debt payment to the federal government in 2018.

The company is also struggling with its bankruptcy filing, which was the result of a $6 billion settlement with regulators in November.

“We’ve made some significant investments in this industry, and we’ve always been prepared for those investments to pay off,” Dominion CEO Robert J. Gershman said in an interview with CNBC in December.

“I think we’re a little bit behind in the U., but I think that we’re going to have some growth in the energy business.”