Depends Diaperz are half off ................... Half On .
Hess already got rid of the retail stores and that pleases Exxon. All We want is the reserves ! The end to XOM Buybacks is a clear sign that an acquisition is coming , and Hess is on the list , with a much lower cap than COP.
We are looking at 47 Billion face value , however , another sustained leg lower in crude will greatly reduce that number , and the plan is to keep the price low until capitulations .
Current longs can expect Exxon to be taking over in October , @ around 40 buckz a share.
They were all standing there , extra starch in the shirt collars , with that old familiar look ; "The Chitz In The Pantz Look " etched on Their Faces............. Boxers ? Briefs ? Depends......................
The only place for oil patch investors . Go long and stay there , collecct the Div , and ride the cycle North , with all new highs in share price , and another M & A deal to boost reserves.
The Urgent Meeting was held in the bathroom , with urgency to stand before the urinal bank , and everyone agreed that Venezuela Economy is in shambles , and no one gives a Chitz , except Russia , as They sell arms to The present Regime . The regime wants latest toys , but forced to shop at Pawn Shops , while the Citizens stand in 6 hour lines to buy a half dozen eggs , and sour milk. It is a reversal of the pleadings of Bush , when He stood before the throne of SA King , bent down and kissed the Ruby Ring , and begged for an increase in production , now , just like Bush was subjected to , the King stands up , and offers the opportunity to Sniff The Fartze out of His tufted , velvet Seatz Cushion .
Sams Chitz from Sea Drill ( SDRL ) , and they eliminated the following Q. Nothing etched in stone .
This is going to get worse , before the darkest hour arrives.
You are the only person around here who micro manages the share price.
As I said , the El Nino Affect has been the adversary to price action , and forecasted to continue rest of winter.
I plan on seeing distribution continued , and wait for better days ahead.
It was " Slashed " , not trimed ! Jack The Knife has been lurking on Wall Street for a year now , and COP should have acted sooner . Now , I predict another leg down on crude , as the Master Plan accelerates , and the only big players in the game will be CVX and XOM , who will be doing extensive M & A this summer. COP may be taken out , once Shares are in teens.