OneStream Stock Soars on Report Buyout Firm Hg Near Deal to Take Financial Software Company Private<\/p>\n
50 minutes ago<\/p>\n
Financial software maker OneStream reportedly might be acquired soon. Its stock is soaring in response.\n<\/p>\n
Shares of OneStream (OS<\/a>) surged nearly 30% in premarket trading Tuesday after Bloomberg, citing people familiar with the matter, reported that buyout firm Hg was nearing a deal to take the Birmingham, Mich.-based firm private.\n<\/p>\n OneStream stock rose nearly 4% yesterday to $18.39, giving it a market capitalization<\/a> of $4.5 billion.<\/p>\n Still, shares of the company have lost 35% of their value over the past year, and Reuters reported in November that it was “mulling a sale 18 months after its IPO.” The firm priced its IPO at $20 in July 2024 and the stock rose above $35 that November, but has been on a mostly downward path since.\n<\/p>\n TradingView<\/p>\n Why Venezuela Struggles to Produce Oil Despite Having the World’s Largest Reserves<\/p>\n 1 hr 30 min ago<\/p>\n Venezuela holds the world’s largest proven oil reserves\u2014303 billion barrels, about 17% of the global total and more than Saudi Arabia’s 267 billion. Yet Venezuela produces fewer than 1 million barrels per day, less than 1% of global output. That’s less than a third of what it pumped in the late 1990s and early 2000s, when production topped 3.5 million barrels daily.\n<\/p>\n So what happened? It’s the result of political decisions, economic sanctions, and the sheer difficulty of extracting Venezuela’s heavy crude.\n<\/p>\n Read the full article with charts here<\/a>.\n<\/p>\n –Peter Gratton<\/a>\n<\/p>\n In Venezuela, oil production has fallen more than 70% since its peak in the late 1990s.<\/p>\n Daniel Azocar \/ Getty Images<\/p>\n Trump Claims U.S. Will ‘Fix’ Venezuela’s Oil Industry, But Experts Warn of Major Challenges<\/p>\n 2 hr 12 min ago<\/p>\n President Donald Trump says the U.S. will revive Venezuela’s ailing oil industry, but experts see towering economic and legal obstacles to a quick turnaround.\n<\/p>\n President Trump, after announcing the U.S. capture of Venezuelan President Nicol\u00e1s Maduro on Saturday morning, said American oil majors would \u201cgo in\u201d and \u201cspend billions of dollars\u201d to \u201cfix the badly broken infrastructure\u201d of Venezuela\u2019s oil industry.\u00a0\n<\/p>\n Jim Watson \/ AFP \/ Getty Images<\/p>\n The stocks of U.S. crude oil producers, refiners, and oilfield service providers were\u00a0all sharply higher<\/a>\u00a0on Monday as investors sized up their opportunity to exploit the world\u2019s\u00a0largest known oil reserves<\/a>.\u00a0Chevron (CVX<\/a>) shares jumped 5% to pace gainers on the Dow Jones Industrial Average, which\u00a0closed at a record high<\/a>.\n<\/p>\n Venezuela sits on an estimated 300 billion barrels of oil, or nearly 20% of global supply. But years of economic turmoil, corruption and U.S. sanctions have decimated Venezuela\u2019s oil industry. In 2024, the country produced about 900,000 barrels per day, down from nearly 3.5 million in 1997.\n<\/p>\n Read the full article here<\/a>.\n<\/p>\n