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Gulfport Energy (NYSE:GPO) Yes discuss merger with oil and gas explorer Ascent Resources, Bloomberg reported.
Gulfport rose 4% on Friday to close at $87.08, giving it a market value of ~$1.9 billion; a merger with Ascent Resources would value the combined company at ~$8 billion, according to the report.
Gulfport and Ascent both operate out of Ohio’s Utica Shale.
Gulfport Energy recently reported Consistent results in Q4 while FY 2022 manufacturing guidance is lower.
