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OILNF - OILNF STOCK NEWS

Welcome to our dedicated page for OILNF news (Ticker: OILNF), a resource for investors and traders seeking the latest updates and insights on OILNF stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OILNF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OILNF's position in the market.

Rhea-AI Summary

Barclays Bank PLC announced the results of its cash tender offer for its iPath® S&P GSCI® Crude Oil Total Return Index ETNs due August 14, 2036. The offer, which expired on January 3, 2023, saw 190,031 Notes accepted, representing 52.36% of the outstanding Notes, with an aggregate purchase price of $38,401,464.48. The consent solicitation for amending certain provisions of the Notes was successful, allowing the Issuer to redeem all outstanding Notes soon after the amendment. Settlement for accepted Notes will occur on January 5, 2023, with the purchase price at $202.08 per Note.

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Rhea-AI Summary

Barclays Bank PLC announced the purchase price of $202.08 per note for its cash tender offer to buy all iPath S&P GSCI Crude Oil Total Return Index ETNs due August 14, 2036. This purchase price reflects a 3% premium over the closing indicative note value of $196.19 as of January 3, 2023. The offer and consent solicitation will expire at 11:59 p.m. New York City time on January 3, 2023. Noteholders must validly tender their notes before this expiration to receive the purchase price. Barclays reserves the right to amend or withdraw the offer at any time.

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Barclays Bank PLC has announced an extension of its cash tender offer for all iPath S&P GSCI Crude Oil Total Return Index ETNs. Originally set to expire on November 30, 2022, the new expiration date is January 3, 2023. Notably, the purchase price premium has been increased from 2% to 3% based on the closing indicative note value on January 3. As of the previous deadline, 98,990 Notes were tendered, representing 27.27% of outstanding Notes. Investors are warned that the purchase price may decline if the underlying index value drops.

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Commercial Banking
Finance and Insurance
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United Kingdom
One Churchill Place