What Wall St has to say on potential Exxon\u002DPioneer deal

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SaltWire's Atlantic regional weather forecast for October 6, 2023 | SaltWire - Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian Basin producer at about $60 billion, according to people familiar with the matter.

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.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 . . . This is the beginning of a massive consolidation in the industry.""From the Exxon Mobil perspective, U.S. production volumes have actually been negative for the past four quarters - a stretch not seen since 2018 . . .

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