Getting gas

[The beef 675] [I'm an image] "Try and tell me you wouldn’t go to a club if you heard DJ Basin was spinning on the ones and twos..." - Jeff Hey there carnivores, Markets were up on Monday, as the Nasdaq had itself a day. Today we’re discussing Chevron doing the Noble thing. Keep raging, Jeff & Jason [Image] [I'm an image] A noble act-quisition "Get in losers, we're going shopping." - Chevron's board to management Chevron has pulled out its pocketbook and will acquire Noble Energy for $5B. Including debt, the total value of the deal is $13B. This all-stock deal [is the largest in the energy sector]( since the pandemic washed ashore in the US in March, edging out Berkshire’s $4B acquisition of Domino's Piz… I mean, Dominion Energy two weeks ago. But with the oil industry suffering from weak demand and uncertainty amid these “unprecedented times” *barfs*, it sure looks like a bold strategy, Cotton. So why did Chevron pull the trigger? According to Chevron’s CEO Mike Wirth, the deal [should produce]( gradual growth for earnings, free cash flow, and returns. Diving deeper into the merger jargon dictionary, he also indicated that the new company will have resilience to the downside, continued leverage to the upside, and result in $300M of annual cost savings. Read: #synergies. Noble Energy’s presence in the Permian Basin and Colorado’s DJ Basin were also solid selling points. Mmm, I love the smell of Texas Light Sweet in the morning. Additionally, Noble has assets in Israel and West Africa and has projects in the Mediterranean that supply natural gas to Israel, Egypt, and Jordan. Oh, how exotic. The bottom line... Chevron really shook off the cobwebs with this one, making the biggest power move of 2020 in the energy space. And it only makes sense that they'd come out big and one up Buffett, after suffering [embarrassment last year]( at the hands of the wildcatting octogenarian. Anadarko, with the help of the Oracle of Omaha, acquired Occidental Petroleum for $38B right out from under Chevron. Chevron was left holding the bag, withdrawing its bid, and getting hit with a $1B termination fee. [Image] Each Day, Billions of Shares Trade Throughout 50 “Hidden Exchanges” Called Dark Pools What You Can’t See Could Ending Up Hurting [Alternate text]( Join Ben Sturgill On Thursday, July 23rd at 8:30 PM ET As He Exposes The Truth Behind Dark Pool Trading And Shows You How To Profit Off It [Register Now]( [I'm an image] ☑️ Cashing out. 17k Southwest employees are going to the big diamond-lounge in the sky (don’t worry, they didn't perish in a 737 Max disaster). The employees have signed up for either partially paid extended leaves of absences or buyouts as the airliner has looked for ways to cut its costs. As part of the roughly $25B set aside for the airline industry as part of the CARES Act, employers are not allowed to fire employees through September 30th. Employees [are weighing options]( that range from waiting for the impending fallout or taking a buyout/extended vacation that allows them to keep health-care benefits. So far 4.4k Southwest employees have opted for the buyout and some 12.5k have shown interest in the extended time-off. If only they could use the time to fly someplace nice… ☑️ Three is company. The University of Oxford has been working with AstraZeneca on a coronavirus vaccine that [showed promising results]( in early human testing this weekend. Do the Brits know how to party or what? This makes AZ the third company, along with Pfizer and Moderna, to have reported positive results in developing a coronavirus vaccine. AZ’s CEO Pascal Soriot hopes to have the vaccine ready by the end of the year. Investors, however, were not impressed. Zeneca's vaxx apparently didn't show enough promise or do enough to separate itself from the big pharma pack to translate into any investor momentum. The stock price dropped 4% on the day. ☑️ Worried about Watson. You hate to see it... IBM reported [a decrease in earnings]( amid the coronavirus pandemic which prevented companies from making investments in its products. Revenue for Q2 came in at $18.12B, or 5.4% less than the same period last year, and earnings per share dropped from $2.81 last year to $1.52. But luckily for the creator of Watson, analysts expected them to do wayyy sh*ttier this quarter. Its stock price rose 4.5% in after-hours trading. The tech company is going through a transformation as it tries to shift its focus to cloud computing and AI going forward. Join the club, pal. Its cloud unit showed promise, bringing in $6.3B in Q2, up 30% from the prior year. ☑️ Xpeng inside. Chinese EV maker, Xpeng, [just raised $500M]( as it looks to capitalize on a rebounding economy in China. The deal didn’t announce the value of the company but the move follows a $400M round in November. It comes just as the Chinese EV market is heating up. The government there has extended tax credits and policies for electric vehicles that were supposed to expire this year to 2022. EV sales dropped 33% in China during the pandemic but appear to be mounting a comeback just in time for the delivery of Xpeng's Model 3 rival, the P7. *Removes name from Nikola waitlist* RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. 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