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Dan Pickering discusses shareholder reactions to Exxon and Chevron's megadeals on Bloomberg, explaining how these deals highlight that the era of "easy oil" is over.
Dan Pickering, Chief Investment Officer of Pickering Energy Partners, comments on shareholder concerns as Bloomberg reports that "Chevron plunged nearly 7% and Exxon closed 1.9% lower, even as oil prices gained on heightened tensions in the Middle East."
“Welcome to the oil patch,” said Pickering, the founder of Houston-based Pickering Energy Partners. Investors “don’t believe this business can be sustainable, they don’t believe the discipline of these companies. They’d rather stare at Amazon today, or maybe any day.” (Bloomberg)
Dan also explains how the technical problems Chevron and its smaller rivals are facing in the Permian are an example of the maturing of the basin.
CNBC’s “Power Lunch” team is joined by with Dan Pickering, founder and CIO of Pickering Energy Partners, to discuss the threat of tariffs on oil and energy, the potential impact on costs and more.
After two years of rapid dealmaking, U.S. oil M&A has hit pause amid volatile prices and geopolitical shocks; experts predict months before major deals revive.
Graham Conway, PhD and Director at Pickering Energy Partners, presented our June Market Analysis and Transportation in Review, highlighting a critical policy move. The EPA’s Set 2 proposal, released June 13, marks a meaningful pivot in biofuels strategy.
Shell refutes a Wall Street Journal report of early merger talks with BP, but speculation underscores BP’s vulnerability and the industry-shaking scale of any tie-up.
Dan Pickering, Founder and CIO of Pickering Energy Partners, sees supply and demand concerns returning to the forefront of the oil market with the removal of geopolitical risk from the Israel-Iran ceasefire.
Energy Aspects’ Richard Bronze and Pickering Energy Partners’ Dan Pickering, join ‘The Exchange’ to discuss the Israel-Iran conflict and how it may impact the oil sector.
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