Latest news for Tokyo Gas Co (OTC:TKGSF) Stock

Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.

Biotech

Large Cap

News

Health Care

Small Cap

Legal

Movers

Tech

Media

Trading Ideas

General

$BTC

AAPL

AGAC

AMZN

HNHPF

MSFT

NVDA

PCRFY

TKGSF

TKGSY

TSLA

Reuters

Goldman Sachs Bullish On M&amp;A Deals Activity Picking Up In Late 2023

FDA Permits Pharmacies To Distribute Abortion Pills, Tesla&#39;s Aggressive Discounting May Have Hit Gross Margins, Goldman Sachs Bullish On M&amp;A Activity In Late 2023: Top Stories Today

Rumors

Commodities

Markets


	Tokyo Gas Co Ltd&#39;s (OTC: TKGSY) (OTC: TKGSF) unit is reportedly in advanced talks to buy Rockcliff Energy from Quantum Energy Partners for about $4.6 billion.


Tokyo Gas Poised To Acquire US Natural Gas Producer From Private Equity In Almost $5B Deal

TOKYO GAS CO LTD NEW by Tokyo Gas Co., Ltd.

Tokyo Gas Co Ltd

Tokyo Gas Co

Reuters

<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/01/30269987/goldman-sachs-bullish-on-m-a-deals-activity-picking-up-in-late-2023" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Goldman Sachs Bullish On M&amp;A Deals Activity Picking Up In Late 2023</a>

<ul>
	<li>Goldman Sachs Group Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) seems to be bullish on the recovery of global mergers &amp; acquisition deals in the second half of 2023 despite slow economic growth and a weak credit market.</li>
	<li>The projections come after global M&amp;A activity fell almost one-third to $3.78 trillion in 2022 from a record $5.91 trillion in 2021, according to Dealogic data.&nbsp;</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30270092/chevron-eyes-first-cargo-export-of-venezuelan-crude-after-winning-us-license" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Chevron Eyes First Cargo Export Of Venezuelan Crude After Winning US License</a>

<ul>
	<li>U.S. oil producer&nbsp;Chevron Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) plans to export its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery after bagging a U.S. license in 2022.</li>
	<li>The 500,000-barrel cargo of Hamaca heavy crude, to be loaded at state-run PDVSA&#39;s Jose port, comes from the Petropiar oil joint venture operated by both companies.</li>
	<li>Another Chevron-chartered vessel, the UACC Eagle, arrived on Tuesday in Venezuelan waters, carrying some 500,000 barrels of heavy naphtha to help operate Petropiar&#39;s crude upgrader.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/01/30271362/sec-charges-former-cfo-of-spacs-for-fund-embezzlement" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SEC Charges Former CFO of SPACS For Fund Embezzlement</a>

<ul>
	<li>The SEC disclosed fraud charges against Cooper J. Morgenthau, the former CFO of&nbsp;African Gold Acquisition Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGAC#NYSE">AGAC</a>), a special purpose acquisition company, for stealing over $5 million from the company and investors in two other SPACs that he incorporated.</li>
	<li>From June 2021 through July 2022, Morgenthau allegedly embezzled money from African Gold and stole funds from another SPAC series,&nbsp;Strategic Metals Acquisition Corp I, and&nbsp;II.</li>
	<li>Morgenthau allegedly concealed unauthorized withdrawals by falsifying African Gold&#39;s bank account statements.&nbsp;</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/m-a/23/01/30270618/tokyo-gas-poised-to-acquire-us-natural-gas-producer-from-private-equity-in-almost-5b-deal" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tokyo Gas Poised To Acquire US Natural Gas Producer From Private Equity In Almost $5B Deal</a>

<ul>
	<li>Tokyo Gas Co Ltd&#39;s&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TKGSY#OTC">TKGSY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TKGSF#OTC">TKGSF</a>) unit is reportedly in advanced talks to buy&nbsp;Rockcliff Energy&nbsp;from&nbsp;Quantum Energy Partners&nbsp;for about $4.6 billion.</li>
	<li>The unit,&nbsp;TG Natural Resources, which is 70% owned by Tokyo Gas, is expected to announce the deal sometime this month, the sources told Reuters. Castleton Commodities International (CCI) owns the rest of TG Natural Resources.</li>
</ul>

&nbsp;

Wall Street Journal

<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30269267/microsoft-nears-workers-union-debut-in-us" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Microsoft Nears Workers&#39; Union Debut In US</a>

<ul>
	<li>A group of&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) employees voted to mark the debut of the software company&#39;s labor union in the U.S.</li>
	<li>The group comprises about 300 quality-assurance testers in Microsoft&#39;s ZeniMax unit, the Communications Workers of America, which is representing it.</li>
	<li>In June, Microsoft disclosed its acceptance of labor unions.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30271820/southwest-airlines-tries-to-calm-affected-passengers-with-25k-flier-points" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Southwest Airlines Tries To Calm Affected Passengers With 25K Flier Points</a>

<ul>
	<li>Southwest Airlines Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) has added 25,000 frequent-flier points in addition to ticket refunds and reimbursement to travelers affected by its cascade of flight cancellations over the holidays.</li>
	<li>The airline did not disclose the number of passengers affected by nearly 16,000 flight cancellations and the number of points it issued.&nbsp;</li>
</ul>

&nbsp;

Bloomberg

<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30270179/panasonic-plans-to-shift-rice-cooker-production-from-japan-to-china-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Panasonic Plans To Shift Rice Cooker Production From Japan To China</a>

<ul>
	<li>Panasonic Holdings Corporation&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/PCRFY#OTC">PCRFY</a>) is planning to end the production of its famous rice cookers in Japan.</li>
	<li>The industrial devices manufacturer is taking the step after declining demand and high production costs.</li>
	<li>The company will shift the rice cooker production to Hangzhou, China, by June 2023.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/23/01/30268639/jack-mas-ant-group-gets-regulatory-nod-for-1-5b-capital-raise-plan" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Jack Ma&#39;s Ant Group Gets Regulatory Nod For $1.5B Capital Raise Plan</a>

<ul>
	<li>Chinese regulators have reportedly cleared a plan by billionaire&nbsp;Jack Ma&#39;s Ant Group Co.&nbsp;to raise 10.5 billion yuan ($1.5 billion) for its consumer unit.</li>
	<li>The&nbsp;China Banking and Insurance Regulatory Commission&nbsp;division approved the company&#39;s plan to raise its capital to 18.5 billion yuan.</li>
	<li>Following the deal, Ant, which contributed 5.25 billion yuan, will control half of its shares while a unit owned by the city of Hangzhou will hold 10%.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/01/30270646/walmart-liable-for-1b-tax-to-indian-regulator" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Walmart Liable For $1B Tax To Indian Regulator</a>

<ul>
	<li>Walmart Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and other&nbsp;PhonePe&nbsp;shareholders are liable to $1 billion in tax after the digital payments company shifted its headquarters to Bangalore, India.</li>
	<li>The bill stems from the relocation and growth in the value of&nbsp;PhonePe Pvt, which Walmart took majority ownership of after acquiring parent outfit&nbsp;Flipkart Online Services Pvt.</li>
	<li>Now separated from Flipkart and re-domiciled from Singapore to India, the fintech firm raised funds at a $12 billion pre-money valuation from&nbsp;General Atlantic,&nbsp;Qatar Investment Authority, and others, triggering the tax.</li>
</ul>

&nbsp;

CNBC

<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30270600/chinese-startup-nezha-delivered-more-evs-than-nio-in-2022-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Chinese Startup Nezha Delivered More EVs Than Nio In 2022</a>

<ul>
	<li>Chinese electric car startup&nbsp;Nezha&nbsp;has been grabbing eyeballs after claiming it made 152,000 vehicle deliveries in 2022, surpassing 122,486&nbsp;deliveries by&nbsp;Nio Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>).</li>
	<li>Nezha, a brand under startup Hozon Auto, asserted its car deliveries more than doubled in 2022.</li>
	<li>The company&#39;s best-seller, Nezha V, is priced at 83,900 yuan ($12,000). Whereas Nio&#39;s larger SUVs start from the price range of 400,000 yuan.</li>
</ul>

&nbsp;

Benzinga

<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/01/30271578/fda-permits-retail-pharmacies-to-distribute-abortion-pills-expanding-access-after-supreme-court-r" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FDA Permits Retail Pharmacies To Distribute Abortion Pills, Expanding Access After Supreme Court Ruling</a>

<ul>
	<li>The FDA will&nbsp;<a class="editor-rtfLink" href="https://www.fda.gov/drugs/postmarket-drug-safety-information-patients-and-providers/information-about-mifepristone-medical-termination-pregnancy-through-ten-weeks-gestation" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">allow</a>&nbsp;pharmacies to offer abortion pills, mifepristone, in the U.S. Pharmacies must complete a form for certification to distribute the abortion pills.&nbsp;</li>
	<li>&quot;Under the Mifepristone REMS Program, as modified, Mifeprex and its approved generic can be dispensed by certified pharmacies or by or under the supervision of a certified prescriber,&quot; the agency said.</li>
	<li>If successful, the pharmacies can dispense it directly to patients upon receiving a prescription from a certified prescriber.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/01/30269185/teslas-aggressive-price-discounting-may-have-hurt-gross-margins-by-this-much-in-q4" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla&#39;s Aggressive Price Discounting May Have Hurt Gross Margins By This Much In Q4</a>

<ul>
	<li>Tesla Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares started the year on the back foot, as light fourth-quarter deliveries spooked investors.</li>
	<li>The bad news, however, may not all be in the rearview as the electric vehicle maker&#39;s recently-announced price cuts across regions are expected to hurt margins and, in turn, profitability. More details on the margin impact will emerge when the company reports its fourth-quarter results on January 25.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30269370/nvidia-and-foxconn-joined-forces-to-build-autonomous-vehicles" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Nvidia And Foxconn Joined Forces To Build Autonomous Vehicles</a>

<ul>
	<li>Chipmaker&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and key&nbsp;Apple Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) supplier&nbsp;Hon Hai Precision Industry Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hnhpf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HNHPF</a>)&nbsp;Foxconn&nbsp;collaborated to develop autonomous vehicle platforms.</li>
	<li>Foxconn will be a tier-one manufacturer, producing electronic control units (ECUs) based on NVIDIA DRIVE Orin for the global automotive market.&nbsp;</li>
	<li>Foxconn-manufactured electric vehicles (EVs) will feature DRIVE Orin ECUs and DRIVE Hyperion sensors for highly automated driving capabilities.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/01/30271157/sanofi-forecasts-foreign-exchange-record-flu-vaccine-sales-to-boost-q4-earnings" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Sanofi Forecasts Foreign Exchange, Record Flu Vaccine Sales To Boost Q4 Earnings</a>

<ul>
	<li>As&nbsp;Sanofi SA&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) schedules to report Q4 FY22 earnings early next month, it expects a positive currency impact in Q4 2022.</li>
	<li>The company expects growth driven by Dupixent, while Neurology &amp; Immunology be slightly down. It also expects record flu season sales.</li>
	<li>Sanofi said its preliminary estimate of currency movements be approximately +4.5% and +5.5% on Q4 sales and a positive impact of +6% and +7% on its Q4 business EPS.</li>
</ul>

<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/01/30269541/amazon-bags-8b-loan-to-beat-market-headwinds" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Bags $8B Loan To Beat Market Headwinds</a>

<ul>
	<li>Amazon.Com Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/amzn#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AMZN</a>) bagged an $8 billion loan from DBS Bank, Mizuho Bank, and others, the loan which will mature in 364 days (January 3, 2024).</li>
	<li>&nbsp;The loan carried an option to extend for another 364 days will serve general corporate purposes.</li>
	<li>Amazon told TechCrunch that the loan adds to the range of financing options the company has tapped recently to hedge against the &quot;uncertain macroeconomic environment.&quot;</li>
</ul>

Photo by Thomas Breher from Pixabay

FDA Permits Pharmacies To Distribute Abortion Pills, Tesla's Aggressive Discounting May Have Hit Gross Margins, Goldman Sachs Bullish On M&A Activity In Late 2023: Top Stories Today

<ul>
	<li>Tokyo Gas Co Ltd&#39;s&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TKGSY#OTC">TKGSY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TKGSF#OTC">TKGSF</a>) unit is reportedly in advanced talks to buy&nbsp;Rockcliff Energy&nbsp;from&nbsp;Quantum Energy Partners&nbsp;for about $4.6 billion.</li>
	<li>The unit,&nbsp;TG Natural Resources, which is 70% owned by Tokyo Gas, is expected to announce the deal sometime this month, the sources told Reuters. Castleton Commodities International (CCI) owns the rest of TG Natural Resources.</li>
	<li>Reuters&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/markets/deals/tokyo-gas-unit-nears-46-billion-deal-buy-us-natgas-producer-sources-2023-01-04/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">writes</a>&nbsp;that TG Natural Resources is arranging the funding. The sources also added that no deal is guaranteed.</li>
	<li>Rockcliff produces more than 1 billion cubic feet per day of natural gas from the Haynesville shale formation.</li>
	<li>The purchase of Rockcliff would significantly increase TG Natural Resources&#39; operations, with the company producing around 330 net million cubic feet per day as of June 2022 from the Haynesville formation.</li>
	<li>Japan has been working to diversify from Russia&#39;s Sakhalin project, which accounts for 9% of Japan&#39;s total LNG imports of 74.3 million tons annually.</li>
</ul>

Comments

Tokyo Gas Co

News

Latest news for Tokyo Gas Co (OTC:TKGSF) Stock

Wednesday, January 04, 2023

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga