Cimarex Energy has said that it will be buying its smaller Denver rival Resolute Energy for approximately $1 billion in a combination of two major companies that are primarily focused on West Texas’ booming Permian Basin.
The cash-and-stock deal is said to continue the wave of corporate consolidation in the Permian, which in turn gives Cimarex over 21,000 acres in emerging Delaware Basin portion of the Permian in well known Reeves County.
“It can be considered as a perfect fit with our current Reeves County position, and will also be allowing us to leverage our knowledge and deliver quality results over a broader asset base for the benefit of the share holders of both Resolute and Cimarex.” Cimarex CEO Thomas Jorden told.
The deal is known to be worth $1.6 billion overall, including the assumption of almost $700 million in Resolute’s long-term debt.
The deal is likely to close by the end of March 2019.
Ibinex Augments User-Experience For Bitcoin Procurement
There are several debates sparked when it comes to Crypto being a safe investment or not. Crypto is not singular but rather a digital currency that’s multifarious. Thus there’s always a possibility of people succumbing to scammers, cryptojackers, and malicious crypto platforms. However this isn’t the sole worry of Crypto investors, any kind of investment is usually subject to market risks. Bitcoin is a highly volatile currency too. The currency is decentralized and not under the jurisdiction of any one particular state authority. Instead, it has many stakeholders all working at different levels to maintain the currency’s relevance. While investors like the idea of non-interference by governments many don’t realize that this jeopardizes Bitcoin’s value as a currency. In fact, Bitcoin investment comes with a speculative risk i.e you might become a rags to riches sensation overnight and vice-versa. Any Bitcoin is valuable as long as it’s considered valuable by Bitcoin traders. Despite Crypto being a hit amongst billionaire personalities like Elon Musk and Jack Dorsey that alone isn’t suffice to seal the deal. To ensure a safe crypto investment crypto users must-
- Gain basic knowledge about how Crytpo works and if Crypto protocols align with their investment portfolio.
- Seek the experiences of several crypto users before jumping on the bandwagon because remember the OneCoin scam? Yeah.
- Set a limit to how much you invest in Crypto platforms. Crypto can be a star player in your investment portfolio if it’s in coordination with apt passive and long-term growth investment strategies.
- Conduct thorough research of the Crypto platform you wish to speculate your capital into.
- Check what restraints are placed on your Crypto asset or what can you do with it.
- Steer clear from weak passwords and Ponzi schemes offered by several unknown blacklisted crypto platforms.
- Start with putting your money in more known and popular crypto platforms like Bitcoin, Ethereum, etc.
- Look for recognized firms or exchange bases especially if you’re a novice trader.
With the digitalization of our era, it’s no surprise that we are most probably moving towards an era where digital currencies might take over the world. Ibinex is a trading platform that acts as a one-stop solution to crypto exchange problems. The transactions may simply be carried out using your credit card and users can easily register for the platform. Ibinex qualifies as a safe option for Crypto trading as-
- Ibinex is a white-label organization i.e there’s no third-party interference.
- It offers guarded transactions with its fraud detection mechanism and two-factor authentication.
- Ibinex acts hard and fast on attempts to personal information theft and other security breaches.
- A 24×7 responsive support team that aids in resolving queries and assists new users with their Crypto venture.
- Users can efficiently set up their crypto profiles to buy, sell or trade digital currency within 3 minutes.
- Ibinex has its digital assets preserved via cold storage.
Ibinex acts as a bridge for users who wish to invest and explore the fiat currency. The users are however suggested to tread with care and equip themselves with all the required knowledge.
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