DIRS.INFO The most relevant business & tech news

☆ Six bull sharks inadvertently made their home on an Australian golf course. Then they vanished
▼ + stars: | 2023-10-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

Because Carbrook in Queensland boasted a membership unlike any other golf club on the planet: six resident bull sharks. A new corridor was opened and – sometime during those three temporary windows – six bull sharks glided into uncharted waters. Carbrook Golf Club Shark in the LakeMedia interest boomed, and the club embraced its toothy tenants with vigor. Their extended residence, he argued, sheds new light on just how adaptable bull sharks are. A stay of at least 17 years in low-salinity waters — more than half a bull shark’s lifespan — was unprecedented.

Persons: –, Carbrook’s, ”, Scott Wagstaff, Wagstaff, “ It’s, ” Wagstaff, Peter Gausmann, Lucia, Gausmann, It’s, “, ” Carbrook Organizations: CNN, Courier, Lake Media, Junior Shark Academy, Ruhr University Bochum, Fishery Sciences Locations: Australia, Queensland, Logan, Brisbane, Gold, Carbrook, Lake, Germany, mullets, Africa’s Lake St

☆ Exclusive: Natgas producer Chesapeake explores buying Southwestern Energy -sources
▼ + stars: | 2023-10-17 | by ( David French | ) www.reuters.com time to read: +3 min

A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 17 (Reuters) - U.S. natural gas producer Chesapeake Energy Corp (CHK.O) has approached Southwestern Energy (SWN.N), a peer valued by the stock market at $12 billion including debt, about a potential acquisition, people familiar with the matter said. Since then, Chesapeake has been shedding oil-producing assets to focus on its competence in natural gas. U.S. natural gas prices have been sluggish in recent months, as oversupply and warmer weather erode producers' profitability. Some analysts expect prices to go up in the next few months, as a pick-up in U.S. natural gas exports creates more domestic scarcity.

Persons: Dado Ruvic, Chesapeake's, David French, Greg Roumeliotis, David Gregorio Our Organizations: Chesapeake Energy, REUTERS, Chesapeake Energy Corp, Southwestern Energy, EQT Corp, Southwestern, Chesapeake, Exxon Mobil Corp, Natural Resources, Thomson Locations: U.S, New York, Chesapeake, Southwestern, Louisiana, West Virginia, Pennsylvania

☆ Bankman-Fried needs Adderall to testify, defense requests delay in trial
▼ + stars: | 2023-10-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

"Bankman-Fried has been doing his best to remain focused during the trial for the past two weeks, despite not having his prescribed dose of Adderall during trial hours," continues the letter to the court. "Mr. Bankman-Fried has a history of Major Depressive Disorder and Attention Deficit Hyperactivity Disorder," Lerner wrote. Lerner added in his letter that Bankman-Fried had tried other antidepressants but said they were ineffective for his symptoms. Without his medication, Lerner warned the judge, "Bankman-Fried will experience a return of his depression and ADHD symptoms and will be severely negatively impacted in his ability to assist in his own defense." For nearly a year, there's been a nationwide shortage of Adderall, the popular stimulant used to treat ADHD.

Persons: Sam Bankman, District Judge Lewis Kaplan, Fried, Mark Cohen's, Judge Kaplan, Cohen, Bankman, Caroline Ellison, meds, George Lerner, Lerner, there's Organizations: U.S, District, Government, U.S . Food, Drug Administration Locations: Bahamas, U.S

☆ Will Smith responds to Jada Pinkett Smith’s ‘Worthy,’ while she says they are in a ‘beautiful’ place
▼ + stars: | 2023-10-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Will Smith has shared his thoughts on Jada Pinkett Smith’s new memoir. The pair have been the subject of multiple headlines since Pinkett Smith revealed last week that the pair have been separated since 2016. Pinkett Smith confirmed what her mother said. “During Pinkett Smith’s appearance on the “On Purpose with Jay Shetty,” which debuted Monday, Shetty read a letter he said was from Smith. “That’s why I can’t divorce that joker.”In making her original revelation that she and Smith had split, Pinkett Smith told NBC’s Hoda Kotb they are still leagally married.

Persons: Will Smith, Jada Pinkett, Pinkett Smith, It’s, “ Worthy, ”, Smith, you’ve, Adrienne Banfield Norris, Norris, “, ” Norris, ” Pinkett Smith, August Alsina, we’ve, Jay Shetty, Shetty, ” Shetty, NBC’s Hoda, leagally, haven’t, ” Smith, emojis Organizations: CNN, New York Times

☆ A Reuters journalist died after his crew was struck by Israeli artillery
▼ + stars: | 2023-10-13 | by ( Jyoti Mann | Chris Panella | ) www.businessinsider.com time to read: +4 min

Reuters journalist Issam Abdallah died in an artillery strike near the Israel-Lebanon border. The crew were struck while filming a livestream video for Reuters, which has since been removed. AdvertisementAdvertisementA Reuters journalist died following an Israeli artillery strike near the Israel-Lebanon border Friday, a horrific incident captured on video that underscores the dangers to covering the intensifying conflict. The news agency confirmed in a statement that its videographer Issam Abdallah was killed when his crew was struck, a moment seen in a livestream video by Reuters on YouTube. Reuters' journalist Issam Abdallah takes a selfie picture while working in Maras, Turkey, February 11, 2023.

Persons: Issam Abdallah, —, Journalists Thaer Al, Sudani, Maher Nazeh, Issam, QJ0TSxaNHO — Organizations: Reuters, Service, YouTube, Journalists, REUTERS, QJ0TSxaNHO — Reuters, Protect Journalists, Israeli Air Force, IDF Locations: Israel, Lebanon, Maras, Turkey, Gaza

☆ CI Games shares drop on critical reviews of 'Lords of the Fallen'
▼ + stars: | 2023-10-13 | by ( Adrianna Ebert | ) www.reuters.com time to read: +2 min

SummaryCompanies CI Games shares extend losses to hit six month lowLosses follow some critical reviews of 'Lords of the Fallen'Critical reviews may affect sales - analystGDANSK, Oct 13 (Reuters) - Shares in Polish video game producer CI Games (CIG.WA) dropped as much as 18% to a six month low on Friday, adding to heavy losses the day before, following some critical reviews of its newest game "Lords of the Fallen". At 0844 GMT, CI Games shares were down 13.6% at 3.89 zlotys. The game release for PC and PlayStation 5 is set for Friday. CI Games' most popular game series is "Sniper Ghost Warrior", which has sold over 13 million copies. The first version of "Lords of the Fallen", released in 2014, sold over three million copies.

Persons: Piotr Bogusz, Bogusz, Adrianna Ebert, Sharon Singleton, Mark Potter Organizations: Games, IGN, Erste Group, Steam, CI Games, Thomson Locations: GDANSK

That's why I'm spending Prime Day looking out for the gaming deals that are actually worth your money. I've been scouring Amazon Prime Big Deal Day's kitchen section to find Prime Day deals on kitchen items. Displays can vary a lot in performance, so figuring out which Prime Day deals on TVs are worth your money can be tricky. Some of the best Prime Day deals on printers include the Brother MFC-J1010DW, a budget multi-function unit that's less than $80. I'm also loving the Prime Day deals on Rivet furniture (read our Rivet review), including 15% off a leather sectional.

Persons: we've, I've, Zelda, I'm, — William Antonelli, that's, — Gabrielle Chase, Lily Alig, — Steven Cohen, Apple, There's, — John Lynch, Amazon Steven Cohen, James, — James Brains, Sam Crozier, — Sally Kaplan, Lash, haircare, — Kevin Webb, Les Shu, — Lauren Savoie, Anker, soundbar, wimpy, — Lisa Sabatini, Amazon Emma Kershaw, Sarah Saril, Rick Stella Organizations: Amazon Amazon, Hispanic Heritage, Amazon Antonio, Boas, Buyers, Sony WH, Amazon Apple, Apple Watches, Amazon, Samsung, Amazon The, Casper, Samsung's, Facebook, Amazon Dyson, Deal, Nvidia, Gaming, MFC, HP, Samsung Watch, Garmin, Apple, Amazon Amazon Prime, Kindle Locations: Western

☆ Analysis: Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline
▼ + stars: | 2023-10-12 | by ( Nia Williams | ) www.reuters.com time to read: +5 min

Prime Minister Justin Trudeau's Liberal government bought Trans Mountain in 2018 for C$4.5 billion to rescue the expansion project, which has struggled with years of regulatory delay and massive cost overruns. A Reuters survey of five analysts and investors valued Trans Mountain between C$15 billion and C$25 billion, based on factors including projected earnings and oil shipping tolls. Trans Mountain Corp (TMC) CEO Dawn Farrell told local media last week the sale could wrap up by early 2025, just as Canada heads into a federal election. Trans Mountain offers strategic value as it is the only pipeline taking crude from Canada's oil patch to the Pacific, and on to Asian refining markets. "It's hard to imagine...that a pipeline like Trans Mountain would ever be built again," Poscente said.

Persons: Justin Trudeau's, Ryan Bushell, Dawn Farrell, Michael Dunn, Paul Poscente, Poscente, Pembina, Scott Burrows, Enbridge, Marc Weil, Dave Szybunka, Szybunka, Rod Nickel, Steve Scherer, Denny Thomas, Marguerita Choy Organizations: Ottawa, Justin Trudeau's Liberal, Reuters, Newhaven Asset Management, Trans Mountain Corp, Mountain, Cenovus Energy, Nations, Axxcelus, Chinook, Pembina Pipeline Corp, Indigenous Pipeline, TC Energy, Keystone, TC, Canoe Financial, Thomson Locations: Canada, Alberta, Trans, Newhaven, Pembina, U.S, Gulf, Calgary, Winnipeg, Ottawa

However, the fall Prime event might have better prices for home goods. In fact, the best prices happened on days that were not key shopping event days. Regardless, the July Prime event offered a deeper discount to shoppers when compared to last year's October Prime sale and Super Saturday. The product did go on sale during last October's Prime member event and this past July's Prime sale, but the discounts were not as deep. Downloads of Amazon's shopping app have declined steadily during each subsequent Prime member shopping event since Amazon's Prime Days in July 2021, according to data intelligence platform Apptopia, which tracks mobile app usage for brands like Amazon.

Persons: Tom Williams, Nick Handrinos, Julie Ramhold, it's, Ramhold, iRobot's, Keurig, AF101, fryer, The Bissell Organizations: Washington , D.C, Cq, Inc, Getty, Adobe, Amazon Prime, Gallup, Finance, Deloitte, CNBC, Electronics, Deal, CoreSight Research, NBC, Scout, Amazon, Sony, Black, Health, Revlon, Philips, July's Locations: Washington ,, Research's U.S

Amazon's big Prime Day sales event ends at midnight tonight, which means you've got less than a day to take advantage of the massive sales we're finding. And remember that most of these deals are only available to Amazon Prime subscribers. The best Prime Day deals under $25FAQsHow do you know these are good deals? Is Prime Day a good time to shop? Although Prime Day deals often aren't the lowest of the year — you might need to wait until Black Friday for the cheapest bargains — it's still a fantastic event for frugal shoppers.

Persons: We've, it's, It's Organizations: Amazon Prime, Amazon

☆ Exxon-Pioneer mega deal adds to Permian M&A frenzy amid rush to boost reserves
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: 1 min

Oct 11 (Reuters) - Permian Basin dealmaking has got a major boost with Exxon Mobil (XOM.N) set to buy rival Pioneer Natural Resources (PXD.N) for nearly $60 billion, which will make it the biggest producer in the largest U.S. oilfield. Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has robust infrastructure and is known for high productivity and large undeveloped reserves. Below is a list of Permian deals so far this year:Reporting by Mrinalika Roy, Tanay Dhumal and Sourasis Bose in Bengaluru; Editing by Sriraj Kalluvila, Shinjini Ganguli and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Mrinalika Roy, Tanay, Sourasis Bose, Sriraj Kalluvila, Shinjini Ganguli, Vinay Dwivedi Organizations: Exxon Mobil, Natural Resources, Thomson Locations: Texas, New Mexico, Bengaluru

Dealmaking in the U.S. oil and gas patch has picked up pace as producers sought to replenish their inventory after years of under-investment. The most-prized targets for Chevron could be Coterra Energy (CTRA.N) or Devon Energy (DVN.N), he added. Others mentioned included Matador Resources (MTDR.N), Permian Resources (PR.N) and Diamondback Energy (FANG.O). Still, the Exxon deal, the industry's largest since 2016, also set off worries about stiff regulatory scrutiny over anti-competitive concerns. Exxon does not anticipate antitrust hurdles to complete the deal, expected by early 2024.

Persons: Exxon Mobil's, Gabriele Sorbara, Siebert Williams Shank, Sorbara, Dado Ruvic, Andrew Dittmar, Elizabeth Warren, Sven Del Pozzo, Mrinalika Roy, Chris Sanders, Sriraj Organizations: Exxon, Natural Resources, Co, Chevron, ConocoPhillips, ExxonMobil, Pioneer, REUTERS, Devon Energy, Matador Resources, Diamondback Energy, U.S, P, Insights, Thomson Locations: U.S, Bengaluru, Washington

And after sifting through tons of discounts, we're here with all of the best Prime Day deals on products we love. I've been scouring Amazon Prime Big Deal Day's kitchen section to find Prime Day deals on kitchen items. Displays can vary a lot in performance, so figuring out which Prime Day deals on TVs are worth your money can be tricky. I'm also loving the Prime Day deals on Rivet furniture (read our Rivet review), including 15% off a leather sectional. Be sure to check out our best Prime Day pets deals guide for all our top picks.

Persons: I'm, Lily Alig, I've, — Steven Cohen, Pei, — Samantha Crozier, we've, James, — James Brains, — William Antonelli, Sam Crozier, — Sally Kaplan, Rick Stella, — Lauren Savoie, Zelda, Anker, wimpy Organizations: Amazon Apple, Buyers, Sony WH, Amazon Amazon, Manhattan, Samsung, Amazon The, Casper, Amazon, Amazon Dyson, Amazon Amazon Prime, Garmin, Kindle, Apple Locations: Amazon's

Tens of millions in the Americas will have front-row seats for Saturday's rare “ring of fire” eclipse of the sun. It’s a prelude to the total solar eclipse that will sweep across Mexico, the eastern half of the U.S. and Canada, in six months. HOW TO PROTECT YOUR EYES DURING THE ECLIPSEBe sure to use safe, certified solar eclipse glasses, Lockwood stressed. April’s total solar eclipse will crisscross the U.S. in the opposite direction. Almost all these places missed out during the United States’ coast-to-coast total solar eclipse in 2017.

Persons: —, NASA’s Alex Lockwood, Lockwood, Judy Eychner, Eychner, It’s, ”, Madhulika Guhathakurta Organizations: Corpus Christi, ECLIPSE, NASA, Kerrville, U.S, Riddle, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Americas, U.S, Central, South America, Oregon, Brazil, Mexico, Canada, North, Nevada , Utah, New Mexico, Texas, slivers, Idaho , California, Arizona, Colorado, Gulf of Mexico, Corpus, Yucatan, Belize, Honduras, Nicaragua, Costa Rica, Panama, Colombia, Hawaii, Central America, San Antonio, Kerrville, Pacific, Oklahoma , Arkansas , Missouri , Illinois , Indiana , Ohio, Pennsylvania, New York, New England, New Brunswick, Newfoundland, States, Alaska, Antarctica

HALF MOON BAY, Calif. (AP) — A Minnesota horticulture teacher set a world record in California on Monday for the heaviest pumpkin after growing a giant jack-o'-lantern gourd weighing 2,749 pounds (1,247 kilograms). Travis Gienger of Anoka, Minnesota, won the 50th World Championship Pumpkin Weigh-Off in Half Moon Bay, California, with an enormous, lumpy, orange pumpkin that could produce at least 687 pies. The previous world record for heaviest pumpkin was set by a grower in Italy who produced a 2,702-pound (1,226-kilogram) squash in 2021, according to Guinness World Records. He first competed in Half Moon Bay's annual weigh-off in 2020 and has won three of the city's last four giant pumpkin contests. The pumpkin champ won a $30,000 prize for growing the biggest pumpkin and setting a world record.

Persons: Travis Gienger, ”, Gienger, “ Organizations: Guinness World Records, Anoka Technical College, Pumpkin Locations: Calif, Minnesota, California, Anoka , Minnesota, , California, U.S, Italy

☆ Israel, Hezbollah exchange artillery, rocket fire
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +4 min

BEIRUT, Oct 8 (Reuters) - Israel and Lebanon's powerful armed group Hezbollah exchanged artillery and rocket fire on Sunday following the deadliest attack in years by Palestinian gunmen on Israel. Hezbollah on Sunday said it had launched guided rockets and artillery onto three posts in the Shebaa Farms "in solidarity" with the Palestinian people. Israel has held the Shebaa Farms, a 15-square-mile (39-square-km) patch of land, since 1967. A Lebanese security source told Reuters that a tent set up by Hezbollah in the Shebaa Farms had been hit and that Hezbollah fighters had erected a new one. On Saturday, UNIFIL said it had enhanced its presence in southern Lebanon following developments in Israel and Gaza, including its operations to counter rocket launches.

Persons: Hashem Safieddine, Gil Eliyahu, Har Dov, Israel, Andrea Tenenti, Lebanon Joanna Wronecka, Laila Bassam, Aziz Taher, Karamallah Daher, Gebeily, Ari Rabinovitch, William Mallard, Barbara Lewis Organizations: Hezbollah, Palestinian, Twitter, Israeli Defence Forces, Patriot, REUTERS, Reuters, United Nations, Thomson Locations: BEIRUT, Israel, Iran, Dahieh, Beirut's, Lebanon, Syria, Shebaa, Kfar Shouba, Gaza, Jerusalem

☆ Israel strikes Lebanon after Hezbollah hits Shebaa Farms
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

[1/5] Smoke rises from Halta village as seen from Ibl al-Saqi village in southern Lebanon, near the border with Israel, southern Lebanon, October 8, 2023. REUTERS/Aziz Taher Acquire Licensing RightsOct 8 (Reuters) - Israel fired barrages of artillery into southern Lebanon on Sunday after Hezbollah targeted three Israeli military positions in the disputed Shebaa Farms. Israel has held the Shebaa Farms, a 15-square-mile (39-square-km) patch of land, since 1967. Both Syria and Lebanon claim the Shebaa Farms are Lebanese. The United Nations peacekeeping mission in southern Lebanon did not immediately respond to a request for comment.

Persons: Aziz Taher, Har Dov, Israel's, Ari Rabinovitch, William Mallard 私 Organizations: REUTERS, Sunday, Israel Defense Forces, United Nations Locations: Halta, Lebanon, Israel, Iran, Shebaa . Israel, Syria, Gaza, Beirut, Jerusalem

☆ Israel, Hezbollah Exchange Artillery, Rocket Fire
▼ + stars: | 2023-10-08 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

BEIRUT (Reuters) -Israel and Lebanon's powerful armed group Hezbollah exchanged artillery and rocket fire on Sunday following the deadliest attack in years by Palestinian gunmen on Israel. Hezbollah on Sunday said it had launched guided rockets and artillery onto three posts in the Shebaa Farms "in solidarity" with the Palestinian people. Israel has held the Shebaa Farms, a 15-square-mile (39-square-km) patch of land, since 1967. A Lebanese security source told Reuters that a tent set up by Hezbollah in the Shebaa Farms had been hit and that Hezbollah fighters had erected a new one. On Saturday, UNIFIL said it had enhanced its presence in southern Lebanon following developments in Israel and Gaza, including its operations to counter rocket launches.

Persons: Hashem Safieddine, Har Dov, Israel, Andrea Tenenti, Lebanon Joanna Wronecka, Laila Bassam, Aziz Taher, Karamallah Daher, Gebeily, Ari Rabinovitch, William Mallard, Barbara Lewis Organizations: Hezbollah, Palestinian, Twitter, Israeli Defence Forces, Patriot, Reuters, United Nations Locations: BEIRUT, Israel, Iran, Dahieh, Beirut's, Lebanon, Syria, Shebaa, Kfar Shouba, Gaza, Jerusalem

☆ The Oil Patch Is Primed for an Era of Megadeals
▼ + stars: | 2023-10-07 | by ( Collin Eaton | Benoît Morenne | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/the-oil-patch-is-primed-for-an-era-of-megadeals-3d775398

Persons: Dow Jones

☆ Poland will vote in a pivotal election next week. Its outcome will reverberate in Europe, Ukraine and the US
▼ + stars: | 2023-10-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

Nonetheless, Poland remains in a powerful position in Europe, and this month’s vote could dramatically flip those dynamics. “Poland is a major player in Europe; it borders Ukraine, it has a major land army, substantial military spending, and is the key hub for supporting Ukraine,” Stola said. Poland pushed European partners to send Leopard battle tanks to Ukraine earlier this year. “One likely outcome is a coalition between PiS and Confederation, and that would be very bad news for Polish-Ukrainian relations,” Kucharczyk said. “Poland has very deep interests in supporting Ukraine,” Kucharczyk added.

Persons: White, Donald Tusk, Poland’s, –, ”, Tusk, ” Jacek Kucharczyk, ” Kucharczyk, Mateusz Morawiecki, Kacper Pempel, Piotr Buras, PiS, ” Buras, ” Dariusz Stola, Poland's, Omar Marques, ” Stola, “, Wojtek Radwanski Organizations: CNN, Justice, European, Tusk’s Civic Coalition, stoke, Public, Warsaw’s Institute of Public Affairs, European Council, Foreign Relations, Communist, EU, Warsaw, Institute of Political, Polish Academy of Sciences, Getty, ”, NATO, PiS, “ Locations: Poland, Ukraine, Brussels, Berlin, Polish, Warsaw, Hungary, Europe, Germany, Russia, ” Kyiv, Washington, Kyiv, AFP, “, Ukrainian, “ Poland

☆ On a former cotton plantation in Louisiana, a Black farmers' cooperative is reclaiming the land and money their ancestors lost
▼ + stars: | 2023-10-07 | by ( Trisha Gopal | ) www.businessinsider.com time to read: +11 min

Between 1910 and 1997, Black farmers lost around 90% of their property in the US. In 1920, there were nearly 1 million Black farmers in the United States, accounting for 14% of all farmers. But between 1910 and 1997, Black farmers lost around 90% of their property, while white farmers only lost 2% during the same time period. She hopes to create a platform that addresses economic and racial equity for Black farmers, while also encouraging sustainable agriculture. In the 19th century, after the Southern Farmers' Alliance refused to admit Black farmers except in certain chapters, Black farmers started the Colored Farmers' National Alliance and Co-operative Union.

Persons: Konda Mason, Mason, I've, Mason's, collard, she's, Robert Bimba, Erica Styger, Elisabeth Keller, Keller's, Donna Isaacs, Caryl Levine, Levine, Justice Rice, Rice, Jim Crow, Linda Jones Organizations: Service, Jubilee Justice, Lotus Foods, Justice, US Department of Agriculture, USDA, Agriculture, Southern Farmers ' Alliance, Colored Farmers ' National Alliance and, Union Locations: Alabama, California, Louisiana, Inglewood, Alexandria, New York, Asia, Africa, United States, Mason, Ecuadorian

☆ What Wall St, policymakers have to say on potential Exxon-Pioneer deal
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +3 min

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. Following are the comments on the likely deal. BILL SMEAD, CHIEF INVESTMENT OFFICER OF SMEAD CAPITAL MANAGEMENT"I can't imagine any deal is going to go for less than $65 billion, considering Pioneer is currently trading around $50 billion . I mean there's no question the position of that magnitude or size would give them considerable leverage in negotiating or contracts with the service providers."

Persons: Lucas Jackson, BILL SMEAD, PETER MCNALLY, Scott Sheffield, SHELDON WHITEHOUSE, BEN COOK, HENNESSY, NEAL DINGMANN, Arunima Kumar, Sourasis Bose, Sabrina Valle, Raphael Satter, Arun Koyyur Organizations: Exxon Mobil Corporation, New York Stock Exchange, REUTERS, Exxon Mobil, Natural Resources, Mobil, RBC, RHODE, Exxon, Thomson Locations: New York, United States, Bengaluru, Houston

[1/2] The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. The acquisition would be Exxon's biggest since its $81 billion deal for Mobil in 1998 and would expand its footprint in one of the most lucrative regions of the U.S. oil patch. Pioneer, which had a market value as of Thursday of $50 billion, is the third-largest producer of oil in the Permian basin after Chevron Corp (CVX.N) and ConocoPhillips (COP.N). Exxon produced about 620,000 boed in the Permian basin in the second quarter, a record for the company. Chevron Corp (CVX.N), for example, agreed in May to acquire shale producer PDC Energy Inc in a stock-and-debt transaction worth $7.6 billion.

Persons: Angus Mordant, Bill Smead, Exxon, Scott Sheffield, Richard Dealy, David French, Anirban Sen, Sabrina Valle, Greg Roumeliotis, Lincoln, Kim Coghill Organizations: REUTERS, Exxon Mobil, Natural Resources, Mobil, Chevron Corp, ConocoPhillips, Exxon, Pioneer, Street Journal, Smead Capital Management, Energy Inc, DoublePoint Energy, Parsley Energy, Thomson Locations: Loving County , Texas, U.S, Texas, New Mexico, Ukraine, dealmaking, Dallas, New York, Houston

The jobless rate stayed at 5.5% for a third consecutive month, Statistics Canada said. Wage growth is also beating market expectations," said Michael Greenberg, a portfolio manager for Franklin Templeton Investment Solutions. "Despite the aggressive rate hikes by the Bank of Canada, clearly demand remains strong and companies continue to hire. Money markets increased bets for a rate increase later this month after the jobs figures were published. With September's robust gains, the economy is averaging 30,000 monthly employment growth this year, up from 25,000 a month earlier.

Persons: Carlos Osorio, Michael Greenberg, Greenberg, Derek Holt, Holt, haven't, they've, we're, Statscan, Ismail Shakil, Nivedita Balu, Steve Scherer, Fergal Smith, Dale Smith, Mark Porter Organizations: Queen, West, REUTERS, Rights OTTAWA, Statistics, Reuters, Franklin Templeton Investment Solutions, Bank of Canada, Scotiabank, Thomson Locations: Toronto Ontario, Canada, Statistics Canada, U.S, Ottawa

☆ Exxon-Pioneer deal talks: What Wall St, policymakers have to say
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +4 min

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. It would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. MATTHEW BERNSTEIN, SENIOR SHALE ANALYST, RYSTAD ENERGY"If Exxon Mobil is crowned the undisputed king of the Permian in the coming days, the shale sector will fundamentally become a more mature consolidated business." "A deal the size of Exxon Mobil's potential acquisition of Pioneer, however, could usher in a new 'Shale 4.0' era ... BILL SMEAD, CHIEF INVESTMENT OFFICER OF SMEAD CAPITAL MANAGEMENT"I can't imagine any deal is going to go for less than $65 billion, considering Pioneer is currently trading around $50 billion .

Persons: Lucas Jackson, MATTHEW BERNSTEIN, MARK VIVIANO, Scott Sheffield, BILL SMEAD, PETER MCNALLY, SHELDON WHITEHOUSE, BEN COOK, HENNESSY, NEAL DINGMANN, Arunima Kumar, Sourasis Bose, Sabrina Valle, Raphael Satter, David French, Sriraj Kalluvila, Arun Koyyur Organizations: Exxon Mobil Corporation, New York Stock Exchange, REUTERS, Exxon Mobil, Natural Resources, Mobil, Exxon, RBC, RHODE, Thomson Locations: New York, United States, Bengaluru, Houston

Search resuls for: "Patch"

25 mentions found