After the Bloomberg interview I feel that we are getting ready for a Exxon takeover.
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ExxonMobil has dragged out a MAJOR land assignment to Pioneer since 2017. They are always the holdup. There is something in the works for sure 27k to 30k net acres d–g out!
Doubtful. This deal makes pioneer a less attractive, less accretive takeover target. If oil is $60+ and we are back in the premium buyout game, then sure, it could happen. Just like it could have happened pre 2019.
https://www.bloomberg.com/news/videos/2020-10-21/pioneer-ceo-on-parsley-acquisition-oil-prices-video
That’s my take on it as well. Pioneer market cap before PE: 14 billion. Parsley market cap before PXD: 3.5 billion. Combined company: maybe 22-25 billion? Plus total debt and other miscellaneous. 5-8 billion make a huge difference in your retirement.