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THE PERMIAN PICKS ARE ALREADY MOVING HIGHER

Dear Reader,

On Wednesday, I outlined the five best Permian plays to make to profit on the
wave of M&A expected across the massive oil patch. Based on today’s earnings
report from Exxon Mobil Corp. (XOM) – and speculation about what the company
might do with all its cash – Permian stocks are already off to a hot start. 

All FIVE are up 2% today. And we’re just getting started. 

We’re getting close to the cutoff on new members to Flashpoint Trader – so I
want to explain what Exxon’s earnings report today means for the Permian. And
why this might be your last chance to score big on these deep-value takeover
targets. 

Let me explain…

XOM Is Leading the Pack Higher

Shares of Exxon Mobil (XOM) are getting close to the $120 level.

And it’s likely heading higher. Today’s earnings numbers easily topped
expectations. From TD Ameritrade:

Net income more than doubled to $11.43 billion, or $2.79 a share, from $5.48
billion, or $1.28 a share, in the year-ago period. Excluding non recurring
items, adjusted earnings per share of $2.83 beat the FactSet consensus of $2.60.

The company cited improved technology that helped improve margins and boost
production volume. All the while, it’s sitting on a staggering $32.7 billion in
cash. 

The company’s CEO, Darren Woods (probably one of the only qualified people in
the world to run this company… and even run for U.S. President), talked about
the impact of technology and its role in courting a company like Pioneer Natural
Resources Co. (PXD)

“We’re working real hard on opening up the value proposition of our current
acreage with technology and that will open up, potentially, opportunities for
acquisitions,” Woods said to investors. “But that’s down the road. That’s work
that we’ve got to demonstrate to ourselves, whether there is a unique value
proposition there and my view is we’ll leverage that to the fullest extent that
we can.” 

The reality is that acquisition IS the best value proposition. Sure, they could
buy back stock – and draw the ire of Washington. They could boost dividends by a
huge amount – but they’d have to consistently deliver on those payouts (even in
hard times). 

The reality is that the company’s technology is its value proposition for deal
flow. If they can purchase existing wells at a reasonable price and drive down
production costs from $40 to $45 per barrel in the Permian to $15 to $20 – they
will have turned these wells into cash churning machines REGARDLESS of the
geopolitics or existing prices on oil. 

Meanwhile, the Dallas Morning News repeated my EXACT thesis from the oil patch
this week in a deeper dive into what’s likely coming for the Permian. A buyout
boom will lead to an emphasis on the reduction of rigs… which is VERY common
after buyouts.

Why is that important? 

Because in this era of shareholder value and capital discipline – optimizing the
best wells will lead to BETTER profits, limiting production from secondary rigs,
supporting higher oil prices, and hopefully driving up the value of the
underlying reserves. 

Even if oil prices move lower due to recessionary concerns – the model of
capital discipline and enhanced shareholder value will definitely deliver
long-term value that needs to be captured RIGHT NOW.

If you’re a trader – and you want trades instead of the five stocks, we have
three that we are adding TODAY to Flashpoint Trader. But if you want in – you
need to join now.

Not this weekend… not after dinner. Now is the time.

I will see everyone today at 12:30 pm. 

Today’s Momentum Reading

WORLD’S BIGGEST INDICATORS

Broad Market: Red
S&P 500: Yellow

Recap: The World’s Biggest Indicator (Momentum) is Yellow…

Here comes the test of key resistance levels. Be careful right now. 



 

What You Missed

Back in 2021, our team here at Money Morning informed our subscribers about a
promising medical technology company, Monogram Orthopaedics Inc., which has
since made significant progress.

At the time, Monogram was a small company with plans to go public. Fast forward
to today, and that “startup” has raised over $38 million and is preparing to be
listed on NASDAQ (reserved ticker: MGRM).

Our message in 2021 was straightforward:

“By investing a small amount in this private market, you could potentially
achieve significant financial gains.”

We cautioned that venture capitalists were eager to secure this opportunity,
potentially leaving everyday investors behind. However, those who took notice
are now reaping the rewards.

With a pre-market valuation of $246 million at $7.25 per share, Monogram has
seen its value increase more than 11 times.

Revolutionizing Modern Medicine with Robotics.

Before the big players in venture capital and biotech caught on, we connected
with the company’s founder to discuss how his innovative device would transform
the medical field.

Now, I’m not writing to boast about our past success. Instead, I’m excited to
share that we’re offering another opportunity for our subscribers.

This time, we’re presenting not just one, but two companies in which you can
invest today. But act fast – this offer expires on May 1st. Click here for more
information.

Stay Liquid,

Garrett

Topics: CL, CVX, OXY, PR, PXD, XOM



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TRENDING

 * HOW TO TIME THE BOTTOM OF THE MARKET WITH ONE CHART

 * MORNING UPDATE: DON’T CALL THE BOTTOM UNTIL THESE SPECIFIC BUYERS START
   BITING

 * MORNING UPDATE: I WARNED YOU – DON’T TRUST GOLDMAN SACHS ON OIL PRICES

 * THE PERMIAN PICKS ARE ALREADY MOVING HIGHER

 * THIS OILMAN’S RETIREMENT PARTY IS WORTH $50 BILLION

Published
April 28 2023
by Garrett Baldwin
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