SHE stonehorse energy limited
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US shale oil consolidation

  1. rovic0
    903 Posts.
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    24/10/23
    10:46
    Post #: 70500792
    So, less than 2 weeks after Exxon agrees to buy Pioneer for $60B, now Chevron is buying up Hess for $53B

    https://edition.cnn.com/2023/10/23/investing/chevron-hess/index.html

    both those targets are massive integrated oil & gas producers, but with a key focus on the US shale patches.

    The industry is consolidating, and becoming more concentrated. Great market for a junior producer with strong relative cashflows and low overheads (ie SHE)
    SHE Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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