Business news for Mon, 31 Dec 2007 & with words deal+delta. 2 news.

Tracinda said it will take a 35% stake in Delta Petroleum, making a $684 million investment in the energy company. The deal shows how many smaller energy companies could face difficulties financing their capital plans in coming years.

Kirk Kerkorian's Tracinda Corp. will pay $684 million for a 35 percent stake in Delta Petroleum Corp. in a deal that will help Delta speed drilling activities in the Rocky Mountains.