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The US oil and gas industry is on a spending spree | Saudi Arabia plans to sell Aramco shares to raise money |
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Today's big stories

  1. ConocoPhillips agreed to buy Marathon Oil, extending the energy industry’s recent wave of consolidation
  2. It’s, ahem, “the clash” among central bankers: deciding when to cut interest rates and who goes first – Read Now
  3. Saudi Arabia is expected to sell over $10 billion in Aramco stock, with shares of the oil giant in high demand

Riding The Wave

Riding The Wave

What’s going on here?

The US energy industry’s wave of deals swelled even higher on Wednesday, as ConocoPhillips announced an agreement to buy Marathon Oil.

What does this mean?

The US oil and gas industry went on a $250 billion shopping spree last year, with big firms snapping up the country’s best-remaining resources and bringing together a once-disjointed sector. Exxon and Chevron made massive acquisitions last October, signing deals that had price tags of $60 billion and $53 billion, respectively. That sparked a succession of acquisitions, with companies like Occidental Petroleum and Diamondback Energy following suit. The latter outbid ConocoPhillips to grab Endeavour Energy – one of the most sought-after private oil producers in the US. So not wanting to be left behind, ConocoPhillips has now agreed to buy Marathon Oil in a $17 billion all-stock deal, with shareholders receiving shares instead of cash.

Why should I care?

Zooming in: Playing Monopoly.

Despite the agreement, the deal won’t be done until it gets the green light from regulators. And that might not be straightforward: they’ve been keeping a close eye on the industry to ensure too much power doesn’t rest with too few. After the string of deals, you can understand why they’re concerned. Now, just ten companies control more than half of the oil and gas coming out of the Permian Basin – the US’s biggest and most important energy-producing region.

The bigger picture: One plus one equals three.

Antitrust regulators are trying to balance the disadvantages of consolidation with its advantages – namely, improved efficiency and lower costs. After all, combining nearby land lets oil companies operate across huge areas rather than small pockets. In turn, that lets them extend their horizontal underground wells and centralize operations up top.

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Analyst Take

Central Banks’ Latest Tune: Should I Stay Or Should I Go?

Central Banks’ Latest Tune: Should I Stay Or Should I Go?

The sound check is complete, the opening act is finished, and the stage is set.

The European Central Bank and the Bank of England are ready to take the stage and shred some interest rates.

However, the lead singer – the US Federal Reserve – is out of tune and not yet keyed up for the cuts.

It’s “The Clash” that policymakers now face: if America’s central bank stays, should the others go?

That’s today’s Insight: if they go, there may be trouble – if they stay, it may be double.

Read or listen to the Insight here

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This content is for US investors only, if you are not a US investor please ignore this content. This content is a paid advertisement for Nevada Canyon Gold (OTC:NGLD) from Sideways Frequency and Finimize. This is not Finimize editorial content. Finimize received a fixed fee for producing, hosting and promoting this content on behalf of Nevada Canyon Gold (OTC:NGLD), totalling $10,000. Other than the compensation received for this service, Finimize and its principals are not affiliated with either Sideways Frequency or Nevada Canyon Gold (OTC:NGLD). Finimize and its principals have no ownership in Nevada Canyon Gold (OTC:NGLD). The content on this page should not be taken as advice, an endorsement, or a recommendation from Finimize and its principals to buy or sell any security. Finimize and its principals have not evaluated the accuracy of any claims made on this page. Finimize and its principals recommend that investors do their own independent research and consult with a qualified investment professional before buying or selling any security. Investing is inherently risky and capital is at risk. Past performance is not indicative of future results.

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Selling The Crown Jewel

Selling The Crown Jewel

What’s going on here?

Saudi Arabia is reportedly looking to raise billions of dollars by selling shares of oil giant Aramco.

What does this mean?

Aramco is the world’s most valuable oil company – and Saudi Arabia’s crown jewel. Now, the kingdom is said to be planning to sell at least $10 billion more of the company’s stock, possibly as early as this week. Aramco made a ton of noise back in 2019, when it raised nearly $30 billion with its initial public offering – the world’s biggest. But that was just a fraction of the oil giant: Saudi Arabia still holds a whopping 82% of Aramco, and its public investment fund – which invests on behalf of the government – owns another 16%.

Why should I care?

Zooming out: It’s crunch time.

Saudi Arabia has flirted with the idea of selling more Aramco stock for years, hitting pause only because of iffy economic and market conditions. But the timing now is better: global stock markets are on the up, and oil prices are hovering above $80 a barrel. Plus, Saudi Arabia needs the cash. The country’s got some ambitious projects on its to-do list, like launching a global airline and building a new city, and that could cost trillions.

The bigger picture: Taking a bite.

If history is anything to go by, the appetite for Aramco’s share sale could be huge. Just check out the numbers: in the past two years, 61 Saudi companies have gone public. And in 17 of those debuts, stock prices rose 30% above their original offering price – the maximum gain possible – on their first day of trading. What’s more, the 61 stocks have delivered an average return of 32% since their debuts. To put that into perspective, European IPOs in the same time frame have averaged a comparatively measly 5.2% return.

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💬 Quote of the day

"Mistakes are the portals of discovery."

— James Joyce (an Irish novelist, short story writer, and poet)
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Your cheat sheet for choosing a trading platform

There are nearly as many trading platforms as there are stocks nowadays.

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Our guide to finding the right trading platform details the components that you’ll want to look for, the factors that can set you up for an optimum experience, and any red flags to be aware of.

Think of it as your cheat sheet for vetting platforms, so you can streamline your search. Or if you want an even easier route, we included an overview of IG’s platform – you might just find it sticks.

Read The Guide

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