SHE stonehorse energy limited
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US shale oil consolidation

  1. Value4983843
    2,484 Posts.
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    24/10/23
    16:48
    Post #: 70511151
    Copied from Rovic original thread.
    https://hotcopper.com.au/posts/70500792/single

    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: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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