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Constellation will buy Calpine with 50 million of its shares and $4.5 billion in cash. It will also assume about $12.7 billion in Calpine debt. The total value of the deal will be about $26.6 billion.
On December 20, Calpine filed bankruptcy with US$22 billion in debt. Calpine's expansion plan was unsupportable in the economic environment formed by the 2000-2001 California energy crisis and the collapse of Enron. Stock price dropped to less than US$0.30 per share, and was delisted from NYSE. On January 31, 2008, Calpine returned from bankruptcy.
Last year's 91% romp in addition to this year's 36% gain so far has carried shares up to roughly $305 apiece, versus analysts' consensus price target of only $276.29.
Natural gas prices had already peaked in 2005 and despite a spike oil and gas commodity prices in mid-2008 when its share price was still at $20, with 22 cent dividends, it was down to a low of $6 and 10 cent dividends in March 2009 following the Fall 2008 stock market collapse. Founder and chief executive officer Kinnear would retire in ...
Stock name Symbol Country of origin Cabot Corporation: CBT: US Coterra: CTRA: US CACI: CACI: US CAE Inc. CAE: Canada: CAI International. CAP: US Cal Dive International DVR: US Calgon Carbon: CCC: US California Water Service Group CWT: US Calix, Inc. CALX: US Callaway Golf Company: ELY: US Callon Petroleum Company CPE: US Calpine: CPN: US ...
The 10-second takeaway For the quarter ended March 31 (Q1), Calpine beat expectations on revenues and exceeded expectations on earnings per share. Compared to Calpine Beats on Both Top and Bottom ...
In the late 2010s, as natural gas production rose in the United States, the company grew significantly and in 2016 became an exporter of LNG to international markets under its newly appointed CEO, Jack Fusco (former President and CEO of Calpine). [9] Cheniere published its second annual corporate responsibility report in June 2021. [10]
The 10-second takeaway For the quarter ended June 30 (Q2), Calpine beat expectations on revenues and missed expectations on earnings per share. Compared to Calpine Beats on the Top Line