The deal will include $135 million in cash plus "4.2 million newly issued shares of the company's Class A common stock valued at approximately $56 million as of the close of trading on Aug. 20," according to Oil and Gas Investor.
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The Saudi Aramco and WeWork deals are postponed, thankfully, but there is another bad trend emerging that's worth watching.
The stock price was already moving up ahead of this supply shock.
The drone attacks on Saudi oil operations even could influence the Fed's thinking on inflation and rates.
Algorithmic traders, along with the Chinese and the Saudis, will feel the outcome of the oil attacks.