Denbury:
- market cap: $4.4 billion
- CLR, market cap: $25 billion
I don't see any operator in the Bakken interested in Denbury except CLR, but that's a huge market cap CLR would have to cover -- probably $6 billion by the time all is said and done.
CLR-DEN would be an incredibly good fit -- it's just the dollars, now, to be sorted out, if it can be done.
This sort of reminds me of Warren Buffett.
I was too young by the time Warren Buffett had made his mark as an investor but after I turned 27 years old, or something like, I started following him.
These are his milestones -- three -- that put him alone in the investing pantheon (of gods).
- buying BNSF: up until then, one could argue that BRK was a mutual fund with a lot of wholly-owned smaller companies but nothing like BNSF; Buffett said he "bet his company" on BNSF
- taking his stake in AAPL, despite being late to the party;
- his financial relationship with Vicki Holub
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Other News
Jobless claims: drop slightly; down 2,000 to 250,000.
Philly Fed Index: best number since April, 2022 --
- 6.2 vs -5.0
- this number is followed more closely than the Empire State survey
- this is huge, for the Philly Fed Index
Corporate tax rate: minimum, 15%, link here. Bezos, Buffett, Schmidt, Zuckerberg are all big Biden supporters.
Divs: Warren Buffett's favorite dividend stocks for 2022. No surprises. Includes AAPL which can hardly be considered a dividend-payng stock, although it does pay a little.
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The Market
Pre-market: at 7:15 a.m. CT, futures went from red to green.
