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Posted

I could see it going into the 100s if near term global fears can affect short term emotions and cause immediate long term effects. But only if people act correctly like me. People are irrational.

-Rex

Posted
27 minutes ago, tx 3 putt said:

oxy selliing off their chem unit at the low in the market 

how did hollun survive over paying for anadarko ?

Don’t chem plants print money when crude prices are in the shitter?  

Posted
52 minutes ago, tx 3 putt said:

oxy selliing off their chem unit at the low in the market 

how did hollun survive over paying for anadarko ?

Putin invaded Ukraine. Oxy would have gone bankrupt without that increase in prices.

  • Haha 1
Posted (edited)
On 10/2/2025 at 1:01 PM, tx 3 putt said:

oxy selliing off their chem unit at the low in the market 

how did hollun survive over paying for anadarko ?

Lol. Berkshire tells Oxy what to do. Uncle Warren owns almost 30% of the company. 

Edited by billfromlaketravis
  • Haha 1
  • 4 weeks later...
Posted

Big merger news today for some Houston and Denver folks:

Quote

 

SM Energy and Civitas Resources announced an all-stock merger valued at about $2.8 billion in equity, or $12.8 billion including debt, creating one of the largest independent U.S. shale producers by output and acreage. 

According to Reuters, the combined firm will operate under the SM Energy name and be headquartered in Denver, overseeing roughly 823,000 net acres across the Midland, Delaware, and DJ basins. Management projects more than $1.4 billion in 2025 free cash flow and up to $300 million in annual cost synergies through consolidated drilling programs, logistics, and overhead savings.

 

Funny enough, I ran into some SM guys at a golf thing earlier today and they had just learned of it at the same time as everyone else, via press release.

Posted
2 hours ago, Storm the Field said:

Big merger news today for some Houston and Denver folks:

Funny enough, I ran into some SM guys at a golf thing earlier today and they had just learned of it at the same time as everyone else, via press release.

Permian guys love to shit on the DJ because it’s not a crude play, yet deals like this keep happening. 

Chevron bought PDC in May 2023. 

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