Southwestern Energy Stock Soars Following Fayetteville Shale Sale Deal

Southwestern Energy Co.’s shares surged +4.8% in pre-market trading on Tuesday, following news of the energy company’s deal to sell its Fayetteville Shale E&P and related assets for $1.87 billion in cash to Flywheel Energy LLC. The deal is expected to close in December.

What’s more, Southwestern announced that it will spend upto $200 million in share buybacks and invest up to $600 million to develop its Appalachia assets. It also mentioned a conditional tender offer for up to $900 million of debt.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.