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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (5593)10/21/2020 11:35:30 AM
From: richardred  Read Replies (2) | Respond to of 6518
The trend of consolidation continues in the oil patch. Stock deals are still prevalent, and there's little money to be made on takeovers IMO. I had two previous deals that turned out to be takeunders. I exited all energy in my portfolio earlier in the year. I think it would take oil north of 50 for several quarters for me to get interested in quality survivors.

Pioneer Natural Resources Confirms Acquisition of Parsley Energy for $4.5 Billion
BY MT Newswires
— 9:02 AM ET 10/21/2020

ConocoPhillips in Talks to Buy Concho Resources in Big Shale Bet By
Ed Hammond
Kiel Porter
, and
Scott Deveau

October 13, 2020, 9:05 PM EDT Updated on October 14, 2020, 10:05 AM EDT