Vivakor shares surge 53% premarket after signing non-binding LOI to acquire Coyote Oilfield Services.

Vivakor surged 53.00% in premarket trading following shareholder approval of major capital measures, including a share increase and new equity plan, alongside a non-binding letter of intent to acquire Coyote Oilfield Services. The acquisition aims to expand Vivakor’s midstream operations by integrating Coyote’s pipeline development, terminal operations, and energy marketing expertise, with a targeted closing by February 28, 2026. Additional bullish catalysts include the company’s debt reduction plan of $65 million in 2025 and its strategic expansion into Mexico’s fuel market, which bolster investor optimism despite the stock’s negative P/E ratio and high volatility. The move aligns with broader midstream sector momentum driven by upstream production growth, positioning Vivakor to capitalize on energy infrastructure demand.