Singapore sovereign-wealth fund GIC has bought a stake in WaterBridge Resources LLC in a deal that values the Houston-based handler of oil-drilling wastewater at nearly $3 billion including debt, according to people familiar with the matter.
GIC bought 20% of the company from Five Point Energy, a Texas investment firm that started WaterBridge in 2016 with $200 million of seed money, one of the people said.
Imagine if your business produced 10x the volume of waste as actual product, then didn’t have to pay to clean the waste up? Just dump it underground, problem solved! 🙄 fracking cleanwater
Oh, please. The vast, vast majority of polluted Fracking water is just dumped into pits. The notion that it is 'most often recycled' or 'disposed of properly' is an unfounded myth.
super rich drama
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
David Beckham Reportedly Buys Stake In His Company At $150 Million ValuationDavid Beckham has reportedly purchased a 1/3 stake in his company for $50 million, valuing Beckham Holdings at $150 million by MikeOzanian MikeOzanian GoldenBalls E4 East17 infoking105 MikeOzanian Got damn he aged like fine wine 😻👌🏼 MikeOzanian It’s definitely Taurus season!! I see you, Mr. Beckham!!
Source: Forbes - 🏆 394. / 53 Read more »
Blacklist mess: Huawei's $105 billion business at stake after U.S. broadsideThe latest U.S. broadside against Huawei that puts the Chinese firm on an export... Don’t worry, Huawei spend many years to prepare for this day. Come on, you know the “ban” won’t be taken in effect because he using it to “make a deal”. He’s losing the trade war and needs some leverage in win. U.S. should take reciprocal approach. China has already forbidden Google/Facebook/YouTube/Twitter. Next let kick Alibaba out of this country.
Source: Reuters - 🏆 2. / 97 Read more »
Investors Bet on Opioid Fallout Sinking Drug Companies’ StocksCompanies in the pharmaceutical supply chain are facing some 2,000 lawsuits related to the opioid crisis, leading some investors to wager that potential settlements from that litigation will drag down shares. Gee, ya think? The current model of for-profit healthcare and insurance will surely feel the pain of Medicare for all, but they will just have to pivot and find out how to make money in the new landscape. Essentially what we're saying here is...pharma companies systemically went about marketing, selling, and addicting Americans to life-, family- and community-destroying drugs. And as a result their stock prices - inflated from addiction-fueled profits - might take a bit of a hit
Source: WSJ - 🏆 98. / 63 Read more »
Why every US company has a stake in Bed Bath & Beyond's heated boardroom warA Bed Bath & Beyond board shake-up led to the dismissal of a number of members who had been leading the retail company for close to two decades. The board, now majority female, younger and more diverse, is what its activist investors were looking for. But they are worried the new board's lack of relevant skill sets and retail experience will cut short any attempt to turn around the struggling retailer.
Source: CNBC - 🏆 12. / 72 Read more »
$3.4 billion cybersecurity company CrowdStrike has filed to go publicCapitalG and Accel-backed Crowdstrike publicly filed its S-1 on Tuesday. when is it going to be listed. Joestradamus91 DawsonSField ; just when you didn't think it could get anymore corrupt... F THESE GUYS... They are a true danger to our country... Strangely enough their is MET POLICE financial '& Cyber investigation team special ops called FALCON . Could it be Mi5 posing as Crowd funders for a front to gather Banking Intelligence ?
Source: BusinessInsider - 🏆 729. / 51 Read more »