Battalion Oil Corporation terminates merger agreement with Fury Resources
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
0mins
Should l Buy BATL?
Source: SeekingAlpha
Merger Termination: Battalion Oil Corporation has terminated its merger agreement with Fury Resources due to Fury's failure to meet the necessary obligations for closing the transaction.
Market Impact: Following the announcement, Battalion Oil's stock price dropped by 3.49% in premarket trading, reaching $2.35.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BATL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on BATL
About BATL
Battalion Oil Corporation is an independent energy company. It is focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. Its properties and drilling activities are focused on the Delaware Basin. Its principal properties consist of leasehold interests in developed and undeveloped oil and natural gas properties and the reserves associated with these properties. Its working interests in over 40,476 net acres in the Delaware Basin are in Pecos, Reeves, Ward and Winkler Counties, Texas. This resource play is characterized by high oil and liquids-rich natural gas content in thick, continuous sections of source rock that can provide repeatable drilling opportunities and significant initial production rates. Its primary targets in this area are the Wolfcamp and Bone Spring formations. It has approximately 91 operated wells producing in this area in addition to minor working interests in 13 non-operated wells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Oil & Gas Equipment Shares Surge on Thursday
- Market Performance: The oil and gas equipment and services sector rose approximately 1.4% overall, indicating relative strength and reflecting market optimism regarding energy demand.
- Liberty Energy Surge: Liberty Energy's stock increased by about 19.7%, leading the sector and suggesting heightened investor confidence in its future performance, which may attract more capital inflows.
- ProPetro Holding Rise: ProPetro Holding's shares climbed approximately 9.5%, indicating a positive market outlook on its business prospects, potentially allowing the company to capture a larger market share in a competitive landscape.
- Industry Trends: The robust performance of the oil and gas equipment and services sector may signal signs of overall economic recovery, prompting investors to monitor future market dynamics for potential investment opportunities.
See More
Battalion Oil Shares Surge 25.75% After SEC Filing
- Price Surge: Battalion Oil Corp. (NYSE:BATL) shares rose 25.75% in after-hours trading on Tuesday to $4.20, reflecting strong market reaction to its recent SEC filing.
- Investor Changes: Florida-based Diveroli Investment Group and its affiliate Kingbird Ventures LLC disclosed in an amendment on Tuesday that they have disposed of all shares in Battalion, indicating a significant shift in their investment strategy regarding the company.
- Ownership Details: According to the SEC filing, these investment firms accumulated 887,455 shares between July 1, 2025, and January 21, representing 5.39% beneficial ownership, and have now completely divested, signaling an end to their interest in Battalion.
- Market Dynamics: The rise in Battalion's stock coincides with increasing natural gas prices driven by cold weather forecasts, highlighting the company's sensitivity to energy market fluctuations and potential profit opportunities.
See More
Biomx Inc Shares Surge After 13D Filing Reveals Major Stake
- Stake Increase: Pyu Pyu Capital disclosed a 19.99% stake in Biomx Inc through a 13D filing, causing the company's shares to surge 103.4% to $8.34 in pre-market trading, indicating strong market confidence in its future prospects.
- Market Reaction: The dramatic rise in Biomx Inc's stock price reflects optimistic investor expectations regarding its potential growth opportunities, particularly in the context of strategic transformations within the biotechnology sector, which may attract further investor interest.
- Industry Impact: The significant increase in Biomx Inc's stock price could positively influence other biotechnology companies, enhancing overall market confidence in the sector and potentially leading to increased capital inflows into related fields.
- Investor Sentiment: This substantial stock price increase not only elevates Biomx Inc's market position but may also encourage other companies to adopt similar strategic initiatives to attract investors and enhance their competitive edge.
See More
Winter Storm Drives Historic Natural Gas Price Surge
- Natural Gas Price Surge: U.S. natural gas futures soared over 30% on Monday, capping a roughly 125% increase over four sessions, positioning Henry Hub for its largest percentage gain since trading began due to supply tightness from Winter Storm Fern.
- Soaring Power Demand: The arctic blast has severely impacted power supply on the East Coast, leaving nearly a million customers without electricity and forcing airlines to cancel over 10,000 flights, which has sharply increased wholesale electricity prices in parts of the Mid-Atlantic.
- BATL Stock Surge: Battalion Oil shares surged 207.75% to $3.97 on Monday, reaching a new 52-week high, reflecting strong market interest in the company amid high-beta energy plays.
- Optimistic Cash Flow Outlook: The spike in gas and power prices enhances the value of Battalion Oil's existing production and undeveloped reserves, potentially leading to stronger cash generation that could provide the company with more flexibility to service debt and fund drilling activities.
See More
Battalion Oil Corp Signs New Gas Treating Agreement, Shares Surge
- Stock Surge: Battalion Oil Corp's shares skyrocketed 242% on Monday after announcing a gas treating agreement with a large-cap midstream company, drawing retail traders' attention and expectations for continued price increases.
- Production Capacity Increase: With the new midstream partnership, Battalion expects to process nearly all gas volumes from its Monument Draw Field following a facility expansion completed in Q4 2025, resulting in an increase of approximately 1,200 net barrels of oil per day in January compared to December.
- Agreement Termination: Battalion terminated its Gas Treating Agreement with Wink Amine Treater due to the cessation of operations at its acid gas injection facility since August 11, 2025, exercising its contractual rights to end the agreement.
- Bullish Market Sentiment: Retail sentiment on Stocktwits trended extremely bullish, with users predicting the stock could close above $5, and some speculating that geopolitical tensions could push the stock price to over $100.
See More
U.S. Stocks Rise as Durable Goods Orders Surge
- Durable Goods Orders Surge: U.S. durable goods orders rose 5.3% month-over-month in November, exceeding market expectations of 3.7%, indicating strong economic recovery that could boost future consumption and investment.
- Market Performance: The Nasdaq Composite gained over 150 points, closing at 23,682.70, reflecting investor confidence in tech stocks and further driving overall market gains.
- Stock Highlights: Battalion Oil Corp's shares skyrocketed 235% to $4.29 after switching gas processing partners and boosting production, demonstrating the positive impact of strategic adjustments.
- Market Volatility: CN Energy Group Inc's shares fell 43% to $0.46 after receiving a Nasdaq delisting notice, highlighting the financial pressures and declining market confidence faced by the company.
See More
Oil & Gas Equipment Shares Surge on Thursday
- Market Performance: The oil and gas equipment and services sector rose approximately 1.4% overall, indicating relative strength and reflecting market optimism regarding energy demand.
- Liberty Energy Surge: Liberty Energy's stock increased by about 19.7%, leading the sector and suggesting heightened investor confidence in its future performance, which may attract more capital inflows.
- ProPetro Holding Rise: ProPetro Holding's shares climbed approximately 9.5%, indicating a positive market outlook on its business prospects, potentially allowing the company to capture a larger market share in a competitive landscape.
- Industry Trends: The robust performance of the oil and gas equipment and services sector may signal signs of overall economic recovery, prompting investors to monitor future market dynamics for potential investment opportunities.
See More
Battalion Oil Shares Surge 25.75% After SEC Filing
- Price Surge: Battalion Oil Corp. (NYSE:BATL) shares rose 25.75% in after-hours trading on Tuesday to $4.20, reflecting strong market reaction to its recent SEC filing.
- Investor Changes: Florida-based Diveroli Investment Group and its affiliate Kingbird Ventures LLC disclosed in an amendment on Tuesday that they have disposed of all shares in Battalion, indicating a significant shift in their investment strategy regarding the company.
- Ownership Details: According to the SEC filing, these investment firms accumulated 887,455 shares between July 1, 2025, and January 21, representing 5.39% beneficial ownership, and have now completely divested, signaling an end to their interest in Battalion.
- Market Dynamics: The rise in Battalion's stock coincides with increasing natural gas prices driven by cold weather forecasts, highlighting the company's sensitivity to energy market fluctuations and potential profit opportunities.
See More
Biomx Inc Shares Surge After 13D Filing Reveals Major Stake
- Stake Increase: Pyu Pyu Capital disclosed a 19.99% stake in Biomx Inc through a 13D filing, causing the company's shares to surge 103.4% to $8.34 in pre-market trading, indicating strong market confidence in its future prospects.
- Market Reaction: The dramatic rise in Biomx Inc's stock price reflects optimistic investor expectations regarding its potential growth opportunities, particularly in the context of strategic transformations within the biotechnology sector, which may attract further investor interest.
- Industry Impact: The significant increase in Biomx Inc's stock price could positively influence other biotechnology companies, enhancing overall market confidence in the sector and potentially leading to increased capital inflows into related fields.
- Investor Sentiment: This substantial stock price increase not only elevates Biomx Inc's market position but may also encourage other companies to adopt similar strategic initiatives to attract investors and enhance their competitive edge.
See More
Winter Storm Drives Historic Natural Gas Price Surge
- Natural Gas Price Surge: U.S. natural gas futures soared over 30% on Monday, capping a roughly 125% increase over four sessions, positioning Henry Hub for its largest percentage gain since trading began due to supply tightness from Winter Storm Fern.
- Soaring Power Demand: The arctic blast has severely impacted power supply on the East Coast, leaving nearly a million customers without electricity and forcing airlines to cancel over 10,000 flights, which has sharply increased wholesale electricity prices in parts of the Mid-Atlantic.
- BATL Stock Surge: Battalion Oil shares surged 207.75% to $3.97 on Monday, reaching a new 52-week high, reflecting strong market interest in the company amid high-beta energy plays.
- Optimistic Cash Flow Outlook: The spike in gas and power prices enhances the value of Battalion Oil's existing production and undeveloped reserves, potentially leading to stronger cash generation that could provide the company with more flexibility to service debt and fund drilling activities.
See More
Battalion Oil Corp Signs New Gas Treating Agreement, Shares Surge
- Stock Surge: Battalion Oil Corp's shares skyrocketed 242% on Monday after announcing a gas treating agreement with a large-cap midstream company, drawing retail traders' attention and expectations for continued price increases.
- Production Capacity Increase: With the new midstream partnership, Battalion expects to process nearly all gas volumes from its Monument Draw Field following a facility expansion completed in Q4 2025, resulting in an increase of approximately 1,200 net barrels of oil per day in January compared to December.
- Agreement Termination: Battalion terminated its Gas Treating Agreement with Wink Amine Treater due to the cessation of operations at its acid gas injection facility since August 11, 2025, exercising its contractual rights to end the agreement.
- Bullish Market Sentiment: Retail sentiment on Stocktwits trended extremely bullish, with users predicting the stock could close above $5, and some speculating that geopolitical tensions could push the stock price to over $100.
See More
U.S. Stocks Rise as Durable Goods Orders Surge
- Durable Goods Orders Surge: U.S. durable goods orders rose 5.3% month-over-month in November, exceeding market expectations of 3.7%, indicating strong economic recovery that could boost future consumption and investment.
- Market Performance: The Nasdaq Composite gained over 150 points, closing at 23,682.70, reflecting investor confidence in tech stocks and further driving overall market gains.
- Stock Highlights: Battalion Oil Corp's shares skyrocketed 235% to $4.29 after switching gas processing partners and boosting production, demonstrating the positive impact of strategic adjustments.
- Market Volatility: CN Energy Group Inc's shares fell 43% to $0.46 after receiving a Nasdaq delisting notice, highlighting the financial pressures and declining market confidence faced by the company.
See More
