Energy
Larry McDonald – founder of The Bear Traps Report – believes oil giant Exxon Mobil’s (XOM) reported buyout offer for Pioneer Natural Resources (PXD) is a super-bullish sign for the energy sector (from the Macrovoices podcast on April 13).
In short, McDonald says this offer likely signals the start of a massive consolidation in the sector that could reset valuations of other companies significantly higher – particularly smaller companies that are currently trading near historic lows relative to reserves. You can listen to the podcast right here. The energy discussion begins around the 22:00
Warren Buffett explains why he’s so bullish on oil today (from Dan Tsubouchi via Twitter on April 12)…
Listen to the short video clip here.