fold so yeah i think the overpaying in the permian is now hurting some of your oil companies but whereyou do see i think positive mergers and acquisitions you're seeing things in alaska you're seeing things in in the eagle ford you're seeing things much more broadly distributed in 21000. the koran track for between $85100000000000.00 and mergers and acquisitions so the real i guess i think where you overpaid significantly was where there was a lot of speculative energy in the permian last year in the year before so as he has said that we can probably expect to see a way of america amongst the smaller players right now in the permian basin and some of the other shale regions so who are some of the right acquisition targets and who's portfolio and what they fit into. it's a good question it's a good question i think time will tell as we get into 2020 coming back to what you're saying in terms of financing i think one of the key things that is happening here at the end of the year are based loan redetermination zx and as you see these loan rates redetermined that's where you're seeing a l

me the only thing it does which is out of the ordinary is how it zooms out of view at the end all permian believes in life on other planets he says the day you declassify and this is something regarding national security could mean the u.f.o. is anything from one of the us and for series to other technology in the works i don't think every object we see should be just immediately thought of as an extraterrestrial with the race to the moon and talks of living on mars permian says there's no question our fascination with life on other planets is growing and in fact he is teaching a new course this semester called human settlements an exploration of the solar system the class explores where humans could go and eventually settle i think our solar system just presents so many possibilities for humanity to expand into the you know the possibilities are limitless the permian says with a trillion galaxies out there it's possible our idea of what life looks like is far from reality now while the department of defense acknowledges top secret briefings and video permanent counter back in 2004 a. bil

out of the permian, it's maxed out.o if you're in the permian and you do not have pipeline transportation, then you're stuck with either selling your gas for a real cheap price to somebody who does or cutting back your drilling program which no producer wants to do. or flaring >> on this question, partnerships, a lot of wealthy people watch the show. they cease to be growth. they're getting killed still >> first of all, there's some mlps that are in the right places that are doing the right things so new star, enterprise, there are some good ones however, if you look at mlp space and the good ones, they actually yield -- they have a pretty decent yield. so the distributions sort of make up for their stock appreciation issues and the naem are looking at mlps these days tend to be debt guys looking at that yield because the yield is pretty darn good, not stock appreciation guys. >> that's terrific president, principle energy consultant for rbn energy. the way i start my day every morning. i know i bug you i really apologi

and we're right in the core of the permian basin and we've been built from scratch from a shale player we started drilling in 2009 and seen the horizontal evolution unfold in front of us and we've been part of it. and we're excited to close on our acquisition today just in natural fit for parsley energy. >> were you surprised with the increases tensioned with iran that we didn't have more of a move in oil? >> well, actually, i think that we're part of the reduced impact of that. so there were not lines around the gas pumps. we were able to keep the prices low because of this resource renaissance we've been part of as the shale producers so you didn't see the huge jump in pricing. and this growth in production that we've been able to deliver has helped insolate the impacts of geopolitical tension so we're proud to be part of that. >> let's talk about the uber growth production. the jagged peak energy acquisition. because you're making a statement. and you're making a statement that your stock should be used to buy really good properties that could continue to produce a lot of oil >> wel

if you look at the energy complex, we benefit in the united states from this because we have the permian. as was pointed out in the earlier interviews you just had, this encourages people to produce a little more here west texas is up brent is up. we're still an island of stability in the global economy. if you look around the rest of the world, obviously the middle east is in tension, latin america is a mess, australia is on fire, europe is beset by a weak manufacturing sector. i think what this ultimately does is underscore the fact that the u.s. economy and the u.s. markets are the best place to be and that's a good thing for the central bank. >> i want to hit on that point with you i want you to take a listen to something that current sitting dallas fed president robert kaplan told our steve liesman, the idea that the u.s. is in a very different situation with regard to its energy profile >> i think you would have gotten a different reaction ten years ago. certainly 20 years ago and i thinking it's indicative of the united states now producing 12 million barrels a day where we rival

they also have solid permian production growth. 54%.owth rate than they had seen before. if there crown jewel of shale production is seeing growth rollover, that is a problem. romaine: hasn't this always been a problem story, is that white we have not seen performance in the stop? alix: there are so many reasons. --micals, margins have been also the big one is exxon is not doing what people want. they are focused on spending rather than cutting costs. what you got? romaine: i have reynolds. this is a big deal. this is the biggest ipo we have seen from a household goods makers. there are two interesting things. they were able to price relatively aggressively. it came in at 26. keep in mind the ipo market has been lackluster since you have the uber flop. then of course the wework debacle. there was some concern we would not have much momentum for ipo's. this is a good sign for the market. this will there be the biggest ipo for this year. then we have casper affecting the price. stuffi guess if you make it is different than here is an offi

the permian is full out.re high grading, they have the rig probably go down when we get it today from baker hughes at the same time they're getting more per rig we're just pumping like mad and the growth will be not as fast as last year, but if they, we had any demand, they would put more money >> sure. >> schlumberger cut american down by 50%. occidental is worth watching >> we'll continue to watch occidental, the efforts there to incorporate that >> vicki is getting greener. >> and the synergy numbers that were so significant and important to the success of that deal and there's a look at occi. >> not a great chart >> not great at all. >> every oil company looks terrible >> it's almost a week since we got the closing, over a week since we got the closing arguments in sprint and -mo versus the states. >> any day they said >> i think it's still most likely not going to be until let's call it a number of weeks from now >> really? they said deliberation >> judge moreira wolf, there's something i don't know i wa

does that mean the prospects are any better >> chevron is a blue chip company, great balance sheet, permian assets, so they have the better growth. i own it, it's a defensive, though, kind of energy play. i have a barbell approach to energy i have some higher beta names, and then i also have chevron i don't really floe, on a day like today will you get your head handed to you because the oil praises are down and the stocks are getting hit this is definitely on the quality side. >> it's all about the capital allocation story i think that's what he was messaging today. it's about the 3.95 different yield. if you're going to own this stock, you're basically owning this stock, because it's a replica of almost utility. the sensitivities takes you to high beta energy plays, a lot of the shale producers domestically that's where you're going to go. the large diversified names, they really don't have the significance in a portfolio that they had in prior years, other than just thinking of them as capital allocation stories, dividend yielders, as i had. >> look at january 2018, stock fell from 122 t

and bear in mind, when you hit the permian basin with all the fracking, they went after all of the sweet spots. so you're going to get a lot of depletion. the dollar isn't as strong and it may be really weakening in here, not today, of course, but it hasn't been as strong so you could see energy provide some value for the markets, some financials and i haven't liked financials, but starting to come around to them, i think energy has a place, as long as you're in the right energy areas, and again, you want to be exploration first and come around to the other names later. for income investors, a lot of the energy mlps are very inexpensive right now with some very fat yields. that's another area we're overweight >> crude is up 3% today. let's talk more about the rising tensions between the u.s. and the broader middle east. joining us now, hillary man lev leveritz, former u.s. negotiator with iran. thank you so much for joining us what's your summary in terms of what we can expect in terms of a response from iran >> i think we can expect iran to react as they say they will react. as a countr

and technology allows them to get more oil from each rig and the permian basin has been better and haveine to ship to the gulf of mexico so let me put it this way. four years ago the price of crude slipped below $30 a barrel and exxon was trading in the mid-70s and now it is at 62 even though oil is much higher. how do we explain it why is the stock so low? i've said for a while because i think exxon is in the toss ill fuel business and for money managers they are the new tobacco and they're selling stocks regardless of the prospects as they get knocked down the self fulfilling index funds night to right-size their position and getting more selling. what is incredible about the fossil fuel divestment, get used to that word, we're just at the cusp of it so far it is smaller funds but they're having a big impact on the stock. it is tough for an oil company to change its striebs. how does exon go carbon neutral. we hear these are buying opportunities. from now on, i disagree. i think the oil companies may be on the wrong side of history here especially if we're approaching some kind of rec

. >> now it's really just as much about the permitting as -- permian as anything else >> pipelines not could you imagine? we've got the renaissance of american oil and no one's making any money off that isn't that incredible? >> that's got to change, doesn't it >> eh. too many companies, too much money. >> you get the consolidation that's required and/or -- >> i've been waiting for the consolidation. i've been waiting for pipelines to come by wmb, etp has done some combining, but it just hasn't paid off i'm discouraged. >> shares of apple are still up for the year a little more than half of 1%. >> the ecosystem >> i did reference earlier ricky gervais kiddingly. he did have some rather negative things to say about the company, when he opened up the golden globes last night, with a bit of a oast, as i said, tearing in to newcomers to the hollywood scene, including of course the streaming services, such as apple. take a listen. >> apple rolled into the tv game with a morning show, a superb drama, yeah. [ cheers and applause a superb drama about the importance of dignity and doing the rig

they're playing in helping us tremendously rank up crude oil production and gas production in the permian has really put this nation in a position of being able to export crude, and disrupt the long-held norms of international trade, and related geopolitical power dynamics. so first, gti, for decades, we worked very closely with the energy industry, particularly the gas industry, focused on key problems that needed to be solved to help bring value to the end consumers and create opportunities for the industry. things like increasing the productivity of gas production, and reducing its environmental footprint, reducing methane emissions, across the value chain. enchancing safety and reliability, and of course, promoting energy efficiency, in both industrial applications, and in the home. but as technologists, we're also curious at gti about how the next wave of innovation is going to shape this energy landscape. so over the last few months, our team led by our senior vice president at gt. paul paul, bti paula gant, many of you know from her plans in washington, worked on key training exerc

jon: the other key strategic area in the world is texas, permian basin, it's amazing how we can have all of the conflict the middle east, the risk of potentially attacks in the strait of hormuz and oil prices $730 a barrel, and if this happened 10, 15 years ago we see oil easily $100. dagen: not even 15, 20, less than that because president trump's position and policy on energy production in this country has taken us because of private industry because of the shell boom but because policies taken us to number world oil producer, we are now not just a number 1 producer but the swing producer, we control market supplies and prices, we are very close to becoming a sustained net-oil exporter as soon as sometime this year. jon: if prices do go up and we see more conflict in middle east that gives incentive to drillers in the united states to drill more oil so actually becomes a win for production. dagen: you might see higher prices -- we control our own destiny. we control our oil supplies and security, we are pushing back on nations that hate us, i talked about it for 2 years. maria: san