XOM-Pioneer Acq Confirmed
Re: XOM-Pioneer Acq Confirmed
XOM picked up two more upgrades today (Bernstein $140 and GS $120). XOM earnings are in ten days. The deal wont occur until the first half of 2024 pending regulatory approval. I think there maybe more to gain holding onto PXD especially through Q4 and Q1. If XOM has great numbers in those quarters, PXD will move higher.
this one slipped through the cracks
Schumer said this merger is a threat to Democracy. FTC right on it...
https://www.wsj.com/business/energy-oil/ftc-investigating-exxons-60-billion-deal-for-pioneer-e79c9d75
https://www.wsj.com/business/energy-oil/ftc-investigating-exxons-60-billion-deal-for-pioneer-e79c9d75