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VRA Letter: Major M&A Activity in Energy. Bullish Supply/Demand Story for Equities. Surge in Rates Continues. Big Earnings Week Ahead. Q3 GDP >4%.

VRA Letter: Major M&A Activity in Energy. Bullish Supply/Demand Story for Equities. Surge in Rates Continues. Big Earnings Week Ahead. Q3 GDP >4%.   October 23, 2023 Good Monday morning. Breaking news this morning as anoth ...

Posted On October 23, 20235 MIN Read
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VRA Letter: Major M&A Activity in Energy. Bullish Supply/Demand Story for Equities. Surge in Rates Continues. Big Earnings Week Ahead. Q3 GDP >4%.
 
October 23, 2023

Good Monday morning. Breaking news this morning as another major buyout takes place in the energy patch, with Chevon acquiring Hess for $53 billion. This buyout comes on the heels of Exxons recent deal to buy Pioneer Natural Resources for $60 billion. We expect the M&A boom to continue in this sector. Financial engineering, one of our Big Bribe megatrends, will move from sector to sector, as inflationary assets continue to make monster consolidations like this (across all sectors) extraordinarily attractive.

Continue to buy ERX (2 x Energy ETF) and Falcon Oil and Gas (FOLGF). I look for Falcon to be acquired in 2024/early 2025, as the gargantuan Beetaloo Basin nat gas field is developed.

Soon, as gold/silver prices continue to move higher, we’ll begin to see a wave of large buyouts among major m...

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