I saw Freeport LNG was loading a ship on Friday as I headed to the beach. That was nice to see.
Houston..we have a problem....
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Last: 5 days ago by redaszag99
Yup.Ogre09 said:
I saw Freeport LNG was loading a ship on Friday as I headed to the beach. That was nice to see.
https://oilprice.com/Energy/Energy-General/Freeport-LNG-Returns-To-Full-Power.amp.html
Orrrr….people in very high places watch this thread…say 'hold my beer' under their breath, and next thing you know OPEC cuts production over a million barrels a day to get oil prices back up.
I choose to believe this...aggiesundevil4 said:
Orrrr….people in very high places watch this thread…say 'hold my beer' under their breath, and next thing you know OPEC cuts production over a million barrels a day to get oil prices back up.
Tellurian entered into an agreement to sell the acreage that is underpinning Driftwood. But, they are leasing it back for 40 years. Sounds like a last ditch effort to get Driftwood over the finish line at the tune of a nearly $100mm/year liability.
Financing contingency and partner contingencies make it more a headline after quick review. However, devil in details
WSJ reporting Exxon and Pioneer have had preliminary discussions about a takeover.
After years of rumors it's could finally happen.
After years of rumors it's could finally happen.
DOJ will likely try and shut that down. Dems hate mergers and acquisitions.
Link?
techno-ag said:
DOJ will likely try and shut that down. Dems hate mergers and acquisitions.
Dems hate any thing they can't control
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I'd like to get a better idea of the amount of consolidation in the Permian. It's be interesting to know a stat like how many operators produced 50% of the oil 5 years vs. today. Since COVID lots of small guys went bankrupt and the big guys bought Concho, Parsley, Nobel, WPX that I can think of. Should be bullish for oil the less players exist.
Dan Scott said:
I'd like to get a better idea of the amount of consolidation in the Permian. It's be interesting to know a stat like how many operators produced 50% of the oil 5 years vs. today. Since COVID lots of small guys went bankrupt and the big guys bought Concho, Parsley, Nobel, WPX that I can think of. Should be bullish for oil the less players exist.
I could come up with some pretty rough numbers next week.
Dan Scott said:
WSJ reporting Exxon and Pioneer have had preliminary discussions about a takeover.
After years of rumors it's could finally happen.
AustinAg wishing it was FANG getting bought.
Makes me wonder who CVX is gonna grab, or who's next for COP?
BrokeAssAggie said:Dan Scott said:
I'd like to get a better idea of the amount of consolidation in the Permian. It's be interesting to know a stat like how many operators produced 50% of the oil 5 years vs. today. Since COVID lots of small guys went bankrupt and the big guys bought Concho, Parsley, Nobel, WPX that I can think of. Should be bullish for oil the less players exist.
I could come up with some pretty rough numbers next week.
Thanks that'd be a neat stat to see. I was going to play around the RRC website to see what I could get.
We may all end up being Exxon employees when this is all said and done .
CVX buying OXY would be a good fit if it ever happens. Buffett would support it. CVX finally gets those anadarko assets for pennies on the dollar.
Buffet owns about 25% of Oxy and 10% of CVX.
OXY enterprise value is about $90B today. At the time CVX offered to buy Anadarko, OXY enterprise value was $55B. CVX offered $50B for Anadarko. So if CVX buys Oxy, it's like they're getting Anadarko which they already were going to for $50B and can buy the OXY only part for $40B. They'd be getting OXY at a discount bit CVX stock is also 33% higher than April 2019.
When you factor that, by waiting 4 years, they get Anadarko to 50B and OXY for free.
OXY enterprise value is about $90B today. At the time CVX offered to buy Anadarko, OXY enterprise value was $55B. CVX offered $50B for Anadarko. So if CVX buys Oxy, it's like they're getting Anadarko which they already were going to for $50B and can buy the OXY only part for $40B. They'd be getting OXY at a discount bit CVX stock is also 33% higher than April 2019.
When you factor that, by waiting 4 years, they get Anadarko to 50B and OXY for free.
Yes, OXY , diamondback, and pioneer are next.
Dan Scott said:
Buffet owns about 25% of Oxy and 10% of CVX.
OXY enterprise value is about $90B today. At the time CVX offered to buy Anadarko, OXY enterprise value was $55B. CVX offered $50B for Anadarko. So if CVX buys Oxy, it's like they're getting Anadarko which they already were going to for $50B and can buy the OXY only part for $40B. They'd be getting OXY at a discount bit CVX stock is also 33% higher than April 2019.
When you factor that, by waiting 4 years, they get Anadarko to 50B and OXY for free.
Incredible
Comeby! said:
We may all end up being Exxon employees when this is all said and done .
And no vendor will ever be paid sooner than 90 days late again.
I have way too many shares of XOM and this is a good enough signal dump as much as I can.
Comeby! said:
We may all end up being Exxon employees when this is all said and done .
Maybe we can all get a picture by the cube on our first day
Bigballin said:
I have way too many shares of XOM and this is a good enough signal dump as much as I can.
Thanks for the reminder. Just looked at my XOM balance since XTO stock rollover on the buyout of XTO. Up 110% since 4/8/21 (longest I can look back) Sent a note to my Aggie financial advisor about taking some off the table.
Isn't the Tap Rock position pretty drilled up?
They punched a bunch of holes from what it remember
Why not just sell calls against some of it and keep collecting dividends?
Harder than I thought it would be. I pulled annual production data for the Midland and Delaware basin but the problem is once the acquisition occurs the operator name is changed for all wells since first production. There is a "Legacy Operator" field but I would have to know what year the well changed operators and write a script in order to come up with an accurate graph year by year. I am sure someone smarter than me could do it.Dan Scott said:BrokeAssAggie said:Dan Scott said:
I'd like to get a better idea of the amount of consolidation in the Permian. It's be interesting to know a stat like how many operators produced 50% of the oil 5 years vs. today. Since COVID lots of small guys went bankrupt and the big guys bought Concho, Parsley, Nobel, WPX that I can think of. Should be bullish for oil the less players exist.
I could come up with some pretty rough numbers next week.
Thanks that'd be a neat stat to see. I was going to play around the RRC website to see what I could get.
Chatgpt
ChatGPT couldn't help me. It said it didn't have individual operator numbers but gave me the total production numbers. Thanks a lot.
txaggie_08 said:Dan Scott said:
WSJ reporting Exxon and Pioneer have had preliminary discussions about a takeover.
After years of rumors it's could finally happen.
AustinAg wishing it was FANG getting bought.
Makes me wonder who CVX is gonna grab, or who's next for COP?
If XOM wanted to buy someone to move the needle they would take out COP. I'm not sure if COP would go for it but it's the best independent upstream company out there with real assets outside of Shale
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