October 9, 2023 @ 5:37 pm | Breaking News, Dividend Income Portfolio, Jubak Picks Portfolio, PXD |
The Wall Street Journal has reported that Exxon Mobil (XOM) is in advanced talks to buy Pioneer Natural Resources (PXD) in a deal valued at $60 billion. Pioneer currently has a market cap of $55 billion. Throw in the debt that Exxon would be buying and there’s...
June 22, 2023 @ 1:51 pm | Breaking News, COP, Dividend Income Portfolio, DVN, Jubak Picks Portfolio, PXD |
My baseline assumption is that Russia will cheat on its promises to cut oil production whenever and wherever it can. The country is crushed between the need for more oil revenue to finance the war in Ukraine and falling oil prices. The one way out of that dilemma is...
October 5, 2022 @ 7:49 pm | Breaking News, USO |
Today, Wednesday, October 5, OPEC and its allies, including Russia, approved a two million barrel-a-day cut in oil production. This is the largest cut in production since the onset of the pandemic. Here’s the key paragraph in the OPEC+ statement: “Adjust...
August 3, 2017 @ 1:49 pm | Breaking News, Volatility, You May Have Missed |
The earnings reports from U.S. oil shale producers are painting a very uniform picture so far: Production was up in the second quarter; capital spending budgets will be reduced for the remainder of 2017; and despite those capital spending cuts production is expected...
December 14, 2009 @ 1:53 pm | Breaking News, CHK, Leading Indicators |
ExxonMobil (XOM) will buy XTO Energy (XTO) for $31 billion in stock. (ExxonMobil will also assume $10 billion in XTO Energy debt.) This acquisition is just the latest example of a shift among the international energy majors from exploration and development for oil in...
December 8, 2009 @ 8:30 am | Breaking News, Leading Indicators |
Devonshire Energy’s decision to sell its expensive to develop deepwater assets in the Gulf of Mexico in order to concentrate on its onshore natural gas reserves makes perfect sense. For that company. For the oil industry and for the global economy picture, though,...
September 16, 2009 @ 1:30 pm | Sell |
When I added ExxonMobil (XOM) to Jubak’s Picks on December 23, 2008, I thought it was a reasonable way to balance risk and reward. The stock was a good way to reach for some upside return in case the global economy—and oil prices—rebounded more quickly than I expected...
August 21, 2009 @ 8:30 am | Breaking News, CHK, Leading Indicators |
Some company will eventually make a killing from today’s collapse in natural gas prices. But when? And which company? Value investors usually only need to identify a bargain and then hang on until the rest of the stock market catches up with their thinking. But the...