The sources came from within PXD in order to boost the stock price, ki-ling a potential stock and cash deal, like XOM like to do. If they are willing to pay the premium it will now be an all cash deal only. Oil is only going up now with turmoil in the ME. More Iran sanctions coming. Oil will moon. The timing is not right. They could have gotten PXD for much cheaper. This will get delayed another 6 months. When another leak will inevitably happen, ki-ling the deal once more.
5 replies (most recent on top)
WRONG....Fake news!!!
The call is coming from inside the house!!!
Prez and regulators going to shut the deal down regardless
This post makes about as much sense as a pioneer middle manager.
Just do an all-stock deal, as was done with DEN. That way, oil price doesn't ki-l the deal for either side.