Crescent Buying Vital Energy: Market Signals Potential for Higher Bid

Disclaimer: For informational purposes only. This is not an offer, solicitation, or investment recommendation. Please consult an advisor and do your own diligence. Do not rely.

Vital Energy (VTLE) is the subject of a proposed merger with Crescent Energy (CRGY) in an all-stock transaction, under which Vital shareholders will receive 1.9062 shares of Crescent for each share of Vital they own. Shares of VTLE have rallied 15% since the announcement, pushing the stock price above the implied value of the exchange ratio of Crescent shares to be received and suggesting the market may be anticipating a higher competing bid. Premium and pro subscribers can read Josh’s full thoughts on the transaction below.