BusinessThe Street•6 hours agoWhat a Merged Sprint and T-Mobile Would Look Like
Sprint (S) Chairman Masayoshi Son has had his eye on T-Mobile (TMUS) for five years or more, and could finally realize his goal of creating a revved up competitor to AT&T (T) and Verizon (VZ) . The carrier might bear a stronger resemblance to T-Mobile than to Son's Sprint, however. "I would look at is almost as a super T-Mobile that is within striking distance of AT&T and Verizon," said Roger Entner of wireless consultancy Recon Analytics. "Knowing [T-Mobile CEO] John Legere's mantra of 'we will not stop' I don't think he would relent." T-Mobile parent Deutsche Telekcom AG reportedly aims to have control of the merged company. If it ends up with control, Entner says to expect the surviving telecom
- BusinessBloomberg•yesterday
Permian ‘Super Basin’ Holds Up to $3.3 Trillion in Untapped Oil
The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study by IHS Markit Ltd. The Permian region’s so-called recoverable resources would be enough to supply every refinery in the U.S. for 12 years and have a market value of about $3.3 trillion at current prices for West Texas Intermediate oil, the domestic benchmark. “The Permian Basin is America’s super basin in terms of its oil and gas production history and for operators it presents a significant variety of stacked targets that are profitable at today’s oil prices,” Prithiraj Chungkham, director of unconventional resources for IHS, said in the statement.
- BusinessMarketWatch•21 hours ago
Passive investing is changing the stock market in ways investors don’t realize
The massive adoption of passive products, particularly exchange-traded funds, is having a pronounced impact on the stock market, but in ways that may not be apparent to the average investor, according to Goldman Sachs. “One unintended consequence from the relentless inflow of passive is the liquidity profiles of stocks—even those with related fundamentals—now look vastly different,” wrote Goldman analysts led by options strategist Katherine Fogertey, in a note to clients. Passive products allow investors to hold all the components of an index like the Russell 2000 (:RUT), owning the same securities it does, and in the same proportions.
