Denbury Looking To Be Bought -- Bloomberg -- August 18, 2022

Link here.

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

***************************
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.

******************************
The Market

Pre-market: at 7:15 a.m. CT, futures went from red to green.