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ConocoPhillips' Permian Play Creates More Sustainable E&P Model

MarkMark
in Other Investing
Summary

° Demand destruction and low oil prices have led to more acquisitions in the oil and gas space.

° The ConocoPhillips purchase of Concho Resources is one of the biggest positive shale movements of late.

° Headwinds in the form of the coronavirus' trajectory and economic impact make deals more likely.

° The tie-up also has positive ramifications for an industry coming to terms with ESG investing demands which will only increase.

Another not so pretty outlook for the oil industry.

Jennifer Warren at SeekingAlpha
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