OP has insider info… called it a little early there…what’s the rest of the scoop?
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SS did not deny it….
Them admitting “informal talks” means this evaluation has been ongoing for months. This isn’t the first date imo. Already passed second base.
If SS is indeed denying this, he will have to back it up and give the employees aka his most “valuable asset” a significant retention bonus. Anything short of that - Pioneer is sold.
I just hope PXD takes care of the remaining employees again, as they previously had…
From a business stand point a buy out from Exxon would be good for both parties and share holders. Who knows though, Exxon could pick up FANG instead.
Idk why, but this one seems like the real deal. Exxon is going to or already has made an offer pioneer can’t refuse
enter an "its happening" gif
Pls nobody tell Exxon they're buying a house of cards or you'll ruin this for me!
Will they also buy out our poke bowl assets in the process?
Good luck finding another overpaid job in DFW!
Well. This isn’t great. Dust off those resumes folks!
@4uyv other companies drill billion dollar drills holes too. Granted they are under 2000 feet of seawater.
Who would buy Pioneer with all its tier 1 and 2 inventory mostly drilled?! Spraberry stacks were trash pushed by the current incompetent mid upper leadership against advise from others they forced out of the company. Now they are having to push some mythical woodford barnett tier BS as the next big thing in the IR presentations. Sell your stock in the next few years on the next big upswing.
Getting bought out since 2016.
Good
Finally.