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In the prolific Appalachian Basin, EQT has a strong foothold in the natural gas-rich Marcellus and Utica shale plays.
Pioneer Natural Resources (NYSE: PXD ) stock is on the rise Friday as reports spread that Exxon Mobil (NYSE: XOM ) is closing in on an acquisition deal. According to insiders close to the matter, Exxo

Pioneer shares jump on merger talks with Exxon

09:08am, Friday, 06'th Oct 2023
Shares of Pioneer Natural Resources rose 10% in premarket trading on Friday following reports that top U.S. oil and gas producer Exxon Mobil was in advanced talks to buy the shale producer in a deal v
Pioneer Natural Resources (NYSE:PXD) was up 10% in Friday's early deals amid reports of an incoming takeover by Exxon. Exxon is looking at a $60 billion deal to buy Pioneer, the third-largest US shale
Shares of Permian peers of Pioneer Natural Resources Co. PXD, -0.17% were getting a boost in premarket trading Friday, in the wake of The Wall Street Journal's report that Exxon Mobil Corp. XOM, -2.25
There's been a lot of angst about 1987 of late. In October that year, the market suffered a sharp decline that climaxed with ‘Black Monday' on the 19th, when the Dow Jones Industrial Average plunged
It has been a hellish week for energy investors. Exxon Mobil just gave them a reason to smile.
The acquisition would be its biggest since Mobil and would eclipse the 2019 merger between Occidental and Anadarko.

Exxon Said to Be Near Deal for Pioneer

12:12am, Friday, 06'th Oct 2023
Exxon Mobile Corp is said to be in talks to acquire shale-focused Pioneer Natural Resources Co., according to a person familiar with the matter. Harry Brumpton reports on Bloomberg Television.
Exxon Mobil is near a deal to buy shale giant Pioneer Natural Resources for $60 billion, The Wall Street Journal reported Thursday night.
A deal could be sealed in the coming days, assuming the talks don't hit a last-minute snag, people familiar with the matter said.
Pioneer Natural Resources (PXD) concluded the recent trading session at $214.96, signifying a -0.17% move from its prior day's close.
Devon Energy's variable dividend should start heading higher. Pioneer Natural Resources will have more cash to return to shareholders.
Pioneer Natural Resources (PXD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
It's possible to score 5% yields on CDs. So to even consider dividend paying S&P 500 stocks the yield had better be impressive.
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