California Resources To Acquire Crimson Midstream Holdings For $63M
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Why It Matters
California Resources is buying a company called Crimson Midstream for $63 million, which means it's spending money to own more of the pipes and equipment that move oil and gas. When a company buys another company, watch whether it helps them make more money or if it costs them too much.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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