Hearing that too. Although, I just got an RFQ from Pioneer today.nosoupforyou said:Owen Kellogg said:Makes sense. EER is private which makes it easier. And FANG is almost perpetually integrating other companies.jetch17 said:
Sounds like Endeavor/Diamondback merger is moving forward full steam ahead. Expected to close in next 30 days.
Curious if anyone has heard about PXD to XOM. Latest timing on that? Any risk to it?
Hearing May 3 close on PXD to XOM
Houston..we have a problem....
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Last: 12 hrs ago by sts7049
yep ive heard the same over the last few days.
Crownquest to OXY still sounds like its held up for now pending FTC stuff.
Crownquest to OXY still sounds like its held up for now pending FTC stuff.
Heard today there may be litigation.
mts6175 said:
Heard today there may be litigation.
On which deal?
Wonder if Israel's actions against Iran might move the needle higher on prices.
Seems very likely
The market has built in Middle East uncertainty. Peace would have a bigger (negative) impact than war.
I assume XOM/PXD. I've heard mixed opinions on whether it gets litigated.
Owen Kellogg said:mts6175 said:
Heard today there may be litigation.
On which deal?
PXD
Is there a logical reason why Oxy/CrownQuest would get looked at harder than FANG/Endeavor or Exxon/PXD? Seems to me if the CQ deal is getting looked at the others would have to be looked at as well.
MavsAg said:
Is there a logical reason why Oxy/CrownQuest would get looked at harder than FANG/Endeavor or Exxon/PXD? Seems to me if the CQ deal is getting looked at the others would have to be looked at as well.
Biden Admin seems to be concerned with showing they are against corporate mergers. However, they have been somewhat inconsistent in picking fights. Stopping Exxon from getting bigger would be a normal antitrust response. But the Biden admins history in the space suggests another selection process that isn't just looking at the biggest players. For example, their opposition to Jet Blue (5th or 6th largest airline) has been inconsistent with past practices. Makes you wonder what the selection criteria is.
Environmental justice and/or underserved communities. That's why Jetblue was hit, because it created a merger between two low fare airlines. Adversely impacted a certain segment of the community, but not the airline industry as a whole. It is the entire narrative in DC right now on policy and DOJ activity.
A few years ago XCL Resources tried to buy EP Energy in the Uinta. The government stoped it because they said it would lead to higher prices for Utah consumers. Which is insane.
Speaking of.. when will XCL get gobbled up?
And Grayson Mill too…
And Grayson Mill too…
I was ok with that.
In that case, it's likely true because there are only a few producers out there and we were never able to get rail off the ground to move that waxy crude. Probably driven entirely by the relationship with the Utes.Owen Kellogg said:
A few years ago XCL Resources tried to buy EP Energy in the Uinta. The government stoped it because they said it would lead to higher prices for Utah consumers. Which is insane.
Anyone have insight on the pending transactions - CHK/SWN, PXD/XOM, FANG/EER?
Heard some smoke that certain Congressmen were asking the FTC to block the PXD/XOM deal. That gonna happen? FANG's 30 day window for FTC approval is closing in about 5 days.
Heard some smoke that certain Congressmen were asking the FTC to block the PXD/XOM deal. That gonna happen? FANG's 30 day window for FTC approval is closing in about 5 days.
FANG/EER will close in may
XOM employees were told when XOM took the CVX/HESS to arbitration for the Guyana piece that it was all theater for the Guyanese gov and they expect the CVX/HESS merger to go through.
My source believed the execs at first but has now changed their mind and thinks XOM is going to fight hard here, but has no idea if they prevail though.
My source believed the execs at first but has now changed their mind and thinks XOM is going to fight hard here, but has no idea if they prevail though.
Why are they closing sooner than originally expected?
No idea - just what I heard in the halls over there last week.
That being said, I saw autry walk in (assisted) and the man looks like death. Sad compared to seeing him just a few years ago as an older yet agile man.
That being said, I saw autry walk in (assisted) and the man looks like death. Sad compared to seeing him just a few years ago as an older yet agile man.
TexAgs26 said:
Why are they closing sooner than originally expected?
The expectation was Q4 in anticipation of FTC baloney. If they can close sooner they absolutely will. I've heard they want to close by next Friday, but all hinges on the FTC not causing issues.
just saw an alert that CVX and Hess merger delayed 6 months
Anyone know what the large fire around Pecos was from this morning?
https://www.cbs7.com/2024/04/26/fireball-seen-near-pecos/
https://www.cbs7.com/2024/04/26/fireball-seen-near-pecos/
Still think comstock is a zero at current prices
Looks like a typical day to me.CavitationAG said:
Anyone know what the large fire around Pecos was from this morning?
https://www.cbs7.com/2024/04/26/fireball-seen-near-pecos/
txaggie_08 said:TexAgs26 said:
Why are they closing sooner than originally expected?
The expectation was Q4 in anticipation of FTC baloney. If they can close sooner they absolutely will. I've heard they want to close by next Friday, but all hinges on the FTC not causing issues.
FTC has requested secondary review of FANG/EER. Probably be 3rd/4th Quarter close now.
Where are you seeing that?
Anything on XOM / Pioneer? Still closing on Friday May 3?
Saturday in Temple - 2 killed, 1 injured. As I understand things, the crushed car was attempting to pass the tower where it shouldn't have after evading the escort vehicles. I was told it clipped the load. Still not sure how a small car pushes a 175 ton vessel off the road.
If the driver swerves to try and avoid the car or the car ends up under the wheels, all bets are off.
Natty jumping right now.
That's gonna be tough to lift back up.
Cody
Fightin Texas Aggie c/o 04
Fightin Texas Aggie c/o 04
I imagine it involves a tandem lift.dahouse said:
That's gonna be tough to lift back up.
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