Locator: 44330B.
The WSJ (and now others) reporting. Link to WSJ.
Blockbuster news.
On so many levels.
If one puts this in context with other XOM news in past 72 hours (or this past week) this is quite incredible.
Let's see the links.
Maybe more later, but no hurry. This will take at least a year to play out IF the story has legs.
But next week we should start seeing the effects of this news on other independent shale operators.
XOM, which I've owned almost forever, would do well to take a look at MRO. Thus sayeth the old guy who knows bupkis!
ReplyDeleteComparing just one data point, their market caps, MRO would hardly move the needle compared to PXD. I don't know much about either but I assume PXD is more lconcentrated in / to one area, the Permia, whereas MRO has several geographic areas. In addition, it seems from the git-go, PXD has been interested in making deals.
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