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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: I currently own each of these oil & gas industry stocks. Are they well positioned for any potential consolidation/takeover activity that is rumored to occur as a followup from the XOM Pioneer story? Which firms are best positioned for takeover/merger/consolidation?

Asked by David on October 11, 2023

5i Research Answer:

BIR has been up for sale in the past, so seems a more logical candidate today. We think the others are 'reasonably' well-positioned, though in our view WCP itself is more likely to be an acquiror and 'bulk up' in order to not be a candidate itself.

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