I just watched our CEO’s interview on Bloomberg where he says there will be only a few independent shale producers in a few years? Everything is changing very quickly and I would not be surprised if some more consolidation happens soon. After Pioneer/Parsley consolidation, I’m wondering who could be next?
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I’ve also bought XOM will at some point take over PXD. Several leases were taken over from Exxon.
Exxon —> Pioneer/parsley.
Sounds like ss is preparing mentally to sell