What tie-ups in the U.S. oil patch could mean for players like Coterra Energy

Environment

Permian Basin rigs in 2020, when U.S. crude oil production dropped by 3 million a day as Wall Street pressure forced cuts.
Paul Ratje | Afp | Getty Images

Exxon Mobil‘s (XOM) planned deal to buy Pioneer Natural Resources (PXD) has sparked talk of more consolidation in the oil-and-gas industry. While we don’t own companies as mergers-and-acquisition plays, the potential for more tie-ups could have significant implications for our remaining oil name: Coterra Energy (CTRA).

Articles You May Like

Trump celebrates Supreme Court ruling
Fireball spotted across the sky
Jury’s note to juror about fellow ‘Diddy’ juror, explained
Zohran Mamdani responds to Eric Adams’ ‘manicured nails’ dig
Trump says he’d consider bombing Iran again