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Friday, 02/24/2023 5:36:39 PM

Friday, February 24, 2023 5:36:39 PM

Post# of 689
Here's another possibility : Pioneer Natural Resources is rumoured to be looking at smaller
natgas producer Range Resources, which means.... every other natgas producer is now
going to get the "Who's next?" treatment, including SWN. In fact, they'd be a perfect fit for
ExxonMobil, XOM has ca$h to burn, it needs more natgas in its "mix", and they wouldn't
even have to use ca$h, SWN has an "Enterprise Value" of just less than $11 billion with
1.1 Billion Shares, if XOM offered just $15 / share in XOM stock Southwestern's BoD would
have a tough time saying "No." and not getting every class-action securities law firm after them.
This Pioneer / Range rumour also confirms the bottom is in for natgas.
Bullish
Bullish
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