Controversial oil refinery under consideration for possible Legacy Fund investment [Yahoo! Finance]
GCM Grosvenor Inc. - Class A (GCMG)
Company Research
Source: Yahoo! Finance
The site is marked by an earthen berm to the right of the road. (Photo by Jacob Orledge/North Dakota Monitor) A long-stalled oil refinery proposed near Theodore Roosevelt National Park recently appeared on a short list of projects being considered for North Dakota Legacy Fund investment. Meridian Energy Group first proposed the Davis Refinery for a site near Belfield in 2016. The company, by 2022, had weathered the pandemic, won a pair of lawsuits seeking to stop the project and acquired all the necessary permits. It informed state regulators construction would begin that year and operations would begin by the end of 2025. The site of the proposed refinery remains empty. No equipment is present and no sign of activity is visible. Now a firm responsible for investing $150 million of the state's Legacy Fund is considering an investment in the project. Voters created the fund, recently valued at more than $13 billion, to invest state oil and gas revenue and create a lasting reven
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GCMG
News
- Firm poised to make first in-state infrastructure investment from North Dakota Legacy Fund [Yahoo! Finance]Yahoo! Finance
- GCM Grosvenor (NASDAQ:GCMG) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- GCM Grosvenor Ranked #1 in Its Category on Pensions & Investments’ 2025 Best Places to Work in Money Management List, Marking Fifth Year of RecognitionGlobeNewswire
- GCM Grosvenor: Private Markets Seem To Be Thawing [Seeking Alpha]Seeking Alpha
- SUBSCRIBE Unveils Private Markets Research Select List on Altscape® Marketplace [Yahoo! Finance]Yahoo! Finance
GCMG
Earnings
- 11/5/25 - Beat
GCMG
Sec Filings
- 12/3/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 25-NSE
- GCMG's page on the SEC website