Off To The Races -- June 13, 2021

Updates

June 14, 2021: head fake? Nothing being reported today. 

Original Post 

Tomorrow should be an interesting day.  

See this post. 

Now this from our twitter friends. No one knows, but let the chatter begin.

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Last WTI quote: $71.21. Brent: $72.98. 

From twitter: this is a big one.

From replies: who can handle $10 billion besides CVX and XOM. And this is a $14 billion deal. 

Shoutout to buy-side bankers who managed to keep this quiet for all of a month.

Wow. 

OXY is the one to watch.

We need to go to 24/7 trading. This artificial 9:30 a.m. 4:00 p.m ET trading is ridiculous. I can hardly wait. Do I stay up all night, waiting, or go to bed early and get up at 5:00 a.m. to see how this begins to play out? 

OXY: Friday close, $28.33. Opened at $28.90. Traded in the red all day. Down 57 cents for the day, or about 1.9%.