David Carnevali
David Carnevali is a financial journalist at Bloomberg News. He covers energy and commodities markets with a focus on mergers and acquisitions. Prior to joining Bloomberg, he worked as an editor at Dow Jones Newswires in New York.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
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Conflicts of Interest
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Contradictions
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- The deal could be announced with XCL backers including EnCap Investments in the coming days
Deceptions
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No current examples available.
Recent Articles
Boeing to Acquire Spirit AeroSystems for $4.7 Billion: Stabilizing Supply Chain Amid Financial Strain and Quality Issues
Broke On: Monday, 01 July 2024Boeing to acquire Spirit AeroSystems for $4.7 billion in an all-stock deal, aiming to stabilize supply chain and regain control of aircraft production amid financial strain and quality issues. The acquisition will enable Boeing to take control of Spirit's manufacturing supporting its commercial jet line-up, including 737 Max frames and defense contract work. SM Energy on the Brink of $3 Billion Acquisition of XCL Resources in Uinta Basin
Broke On: Thursday, 27 June 2024SM Energy, a Denver-based oil and gas company, is in advanced talks to acquire XCL Resources, a top Utah producer with an estimated $3 billion valuation and daily output of 55,000 barrels of oil equivalent. The deal would boost SM Energy's net production from 152,000 to approximately 195,000 boed per day. EnCap Investments-backed XCL Resources operates in the fast-growing Uinta Basin and is expected to close in September 2024. J.P Morgan, Bank of America, and Wells Fargo have committed $1.2 billion for financing.