At the end of each oil price cycle (and we are definitely in the final stage of this one) there is a lot of M&A.
In a presentation for an oil and gas conference in Fort Worth, Seaport Global Securities E&P research chief Mike Kelly placed his bet on four potential combinations: Exxon Mobil (XOM) buying Pioneer Natural Resources (PXD) , Diamondback Energy (FANG) merging with Energen (EGN) or RSP Permian (RSPP) and Callon Petroleum (CPE) marrying Clayton Williams Energy (CWEI) .
Read: https://www.thestreet.com/story/1358586 ... _ven=YAHOO
At the end of the last cycle, six of our Sweet 16 were involved in a merger.