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Pioneer-Parsley & History

Breaking news: WSJ October 18th 2020 Pioneer Natural Resources is in talks to buy Parsley Energy, according to people familiar with the matter, as a wave of consolidation takes hold in the beleaguered oil patch. Word from the oil field is the deal was due to be announced last week and got sidelined by COP-CXO. (Twitter). M&A stories in the WSJ are considered the most reliable of any business new source. Last week they were […]

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8:11 AM

Conoco Poncho

$EOG was the name most speculated about as likely to MAKE a takeover in the wake of the Conoco-Concho story yesterday; the stock that reacted most was $XEC, perceived as the most likely next TAKE over company. Continental CLR is seen as needing to deal, $MRO too, $OVV potentially to offer a blizzard of stock, $FANG and Parsley $PE potentially to join the consolidation fray one way or the other; $CDEV is due to be […]

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9:22 AM

Morning Renaissance

Good news for the industry. Rationalisation. Where does it leave Cimarex and Marathon? We first outlined our “Renaissance of US E&P” thesis in 2017, arguing that the problem with US oil stocks was not the industrial opportunity, led by the greatest oil field in the world – the Permian, securely located in Texas adjacent to the world’s largest refining center. The problem at the time it was not the oil price, which was $50/bbl and […]

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8:41 AM

Sunday Sankey 9/27/20

Back in the day, the Sunday Sankey had to go through a Big Bank approval process, and that effectively met the deadline for submission was Friday evening at 6pm. There was always a concern that something big would happen after 6pm on Friday and before the automatic release at 10am Sunday. On the Friday of the first Sunday Sankey in May 2016, we put the thing to bed, went home, and the newswires flashed “Saudi […]

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11:57 AM
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