PhiAlpha
10-23-2023, 12:32 PM
Given how much Energy M&A activity seems to be picking up, I figured it would be worth making a thread for deals involving out of state companies.
The latest announced today is one I definitely have on the Bingo card:
Chevron to buy Hess Corp for $53 billion in latest oil mega-merger
https://finance.yahoo.com/news/chevron-buy-hess-corp-53-090551430.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANN00bYv_-https://finance.yahoo.com/news/chevron-buy-hess-corp-53-090551430.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANN00bYv_-zjrQ6M94myirfDiYF2baIFbwOjYy_7ZavIv7tOwkaF_bV6Rszn LuKUPmoiBGiPi4FeDltfUNa3hVDiWWRqQ26uxgY44MupBFRWaj aBwX40KdcbWpiEOowqjgVFYJbENL4nDcUGimkIH0MZG98Ydri1 mO4gmRVDucFo
gopokes88
10-23-2023, 03:10 PM
Devon is going to make an acquisition sooner or later.
CLR probably stays put.
Gulfport gets bought or merged with Ascent.
CHK likely completes the rumored SWN deal.
Diamondback and EOG are likely purchasing someone (both maintain OKC offices).
Sandridge and Riley are somewhat irrelevant.
April in the Plaza
10-23-2023, 03:28 PM
Devon is going to make an acquisition sooner or later.
CLR probably stays put.
Gulfport gets bought or merged with Ascent.
CHK likely completes the rumored SWN deal.
Diamondback and EOG are likely purchasing someone (both maintain OKC offices).
Sandridge and Riley are somewhat irrelevant.
What about the Ovintiv?
gopokes88
10-23-2023, 03:33 PM
What about the Ovintiv?
No idea, don't interact with them too much. They're a weird one. Recently way overpaid for some Permian acreage so they're stretched thin on acquiring, but they don't have A+ assets. Not sure anyone is really beating their door down to buy them.
Plutonic Panda
10-23-2023, 04:20 PM
Given how much Energy M&A activity seems to be picking up, I figured it would be worth making a thread for deals involving out of state companies.
The latest announced today is one I definitely have on the Bingo card:
Chevron to buy Hess Corp for $53 billion in latest oil mega-merger
https://finance.yahoo.com/news/chevron-buy-hess-corp-53-090551430.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANN00bYv_-https://finance.yahoo.com/news/chevron-buy-hess-corp-53-090551430.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANN00bYv_-zjrQ6M94myirfDiYF2baIFbwOjYy_7ZavIv7tOwkaF_bV6Rszn LuKUPmoiBGiPi4FeDltfUNa3hVDiWWRqQ26uxgY44MupBFRWaj aBwX40KdcbWpiEOowqjgVFYJbENL4nDcUGimkIH0MZG98Ydri1 mO4gmRVDucFo
Was that the company Devon was rumored to buy?
chssooner
10-23-2023, 04:21 PM
Was that the company Devon was rumored to buy?
No. That's Marathon Oil.
Plutonic Panda
10-23-2023, 04:21 PM
No. That's Marathon Oil.
Got it thanks for the reply.
chssooner
10-23-2023, 05:03 PM
Got it thanks for the reply.
No worries. There is so much activity, it can easily get crossed up. Lol
PhiAlpha
10-23-2023, 05:09 PM
No idea, don't interact with them too much. They're a weird one. Recently way overpaid for some Permian acreage so they're stretched thin on acquiring, but they don't have A+ assets. Not sure anyone is really beating their door down to buy them.
Canadians....