The energy and E&P business has been no stranger to spinoffs and over the past few years numerous companies have pursued this strategy to unlock shareholder value. So it was no big surprise when in February Williams Companies (WMB) announced plans to split itself into two. To be fair, another reason the announcement wasn’t...
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Image via Wikipedia One potential hurdle for Questar’s (STR) proposed spinoff was cleared earlier this week as the company’s Board of Directors approved the transaction. The new company, QEP Resources, Inc is expected to trade on the NYSE under the symbol “QEP” and will be comprised of the natural gas and oil exploration and production (E&P) and...
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Image via Wikipedia Questar(STR) announced on April 21 that it is considering separating its unregulated exploration and production (E&P) business from its regulated utility business, creating two independent companies. According to that press release, Questar currently consists of six businesses: Questar Exploration and Production Company, a diversified natural gas and oil-exploration and production company;...
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