This oilman's retirement could be worth $50 billion

Plus: Be wary of Big Tech earnings [Image]( [This Oilman's Retirement Party Is Worth $50 Billion]( by Garrett {NAME} In 2016, Pioneer Natural Resources (PXD) founder Scott Sheffield retired. Shares of the company he'd created had plunged from about $280 per share in mid-2014 to around $110 by mid-2016. It was quite a drop and quite a blow to perhaps one of the most prolific Texas oilmen in history. It came after a time of immense promise - one that ultimately turned into disappointment. See, back in 2014, U.S. oil prices surged above $100. The dramatic uptick in the commodity price fueled an incredible boom around the United States. Oil companies unleashed hydraulic fracturing technology - fracking - which could pull untapped fuel from formations once untouchable. But that oil rush quickly turned into an oil bust. Overexpansion of production crushed shareholders in shale stocks, just like PXD. After three years in retirement - Sheffield returned to Pioneer. And with him, he brought a new philosophy to the shale oil industry. No longer was it focused on boosting production. Instead, it centered on boosting shareholder value and improving capital discipline. Pioneer bought back shares. It boosted its dividend. It paid down debt. Pioneer became the largest operator in the oil-rich Permian basin but, critically, didn't overdo it. The company has navigated wild swings in oil prices over the last three years. And since early 2021, the stock has jumped from about $120 per share to $215. This model has since become the standard of the entire oil industry in the United States, especially when politicians remain hostile to our oil-and-gas production and the Americans who work on those rigs. In this environment, Sheffield is retiring again... and that could help spark a land rush across the Permian. [Let me explain...](   [You Should Be Wary of Big Tech Earnings]( Shah Gilani The market's not being propped up by broad support. Instead, we've got about twenty big tech stocks that are driving the rally we've seen lately, and where all the momentum in the market is coming from. That means we're perched on a knife's edge, and any kind of slump there will kill the rally dead. [So here's how to get ready...](   You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning Investing Alerts. To remove your email from this list: [unsubscribe](. Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2022 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](