permian. endeavor has a portland in the midland basin permian basin.ian, which extends texas to new mexico. drop them off at thomas capital called some of the best real estate and best neighborhood. they have very attractive assets, which is why they are an attractive opportunity. endeavor is private, which is notable, becomes at a time where they have been able to increase output while the public companies have not, because their shelled holders -- shareholders want them to be in check for the private players are about 35% of total u.s. oil output according to braid it is a sizable number and they are a sizable player. >> have the other purchases been of private players? >> they were public. >> some of the others were private? >> was oxley buying crown castle, which was notable. they bought petroleum. there we go. >> we ask and you shall. >> all of the deals are there. exxon did not have the best acreage, but pioneer did. that is why it was an attractive target. >> and, the biggest >> exactly. not exactly in the permian, but focus on how you can diver

it will create the largest oil company in the permian basin. joining us is at the months, was covered this industry for a very long time. when you look at this deal and put it into perspective with the flurry of deals in energy we've seen the last four months, what is different if anything about this one? >> this is a very interesting transaction. surprise surprise, another megadeal in the oil patch. diamondback as agreed to pay $26 billion for endeavor energy. diamondback is going to own 60% of the combined company. endeavor shareholders will own 40%. this is more of the same, the bigger getting bigger. the permian basin is the most productive oil field in the u.s. it has been rather fragmented until now for the 20 years or so of the fracking boom. what you have is diamondback, which has bid on the sidelines, going in and buying an apron getting financial benefits of that. sonali: i'm most interested in the a going dollars of cash they're willing to spend. how many energy commies are laying around without much cash to put towards the -- energy

diamond back energy and endeavor energy resources, you agreeing to $26 billion deal, creating a permian basint. this is important because this is the area of america that has the most capacity to generate oil and natural gas production. your thoughts? >> we actually own diamond back. i think it's been a good stock. this merger gets me kind of excited. but i will he say we own canaco energy in a larger weighting than diamond back. nuclear will benefit from something we talked about, a.i. implementation. you need to have an energy grid to support all this implementation and our infrastructure kne needs a lot f new stuff. nuclear energy will be a more efficient, better way and democrats i think will be more supportive of nuclear energy to support some of the initiatives. nuclear is the greenest, most efficient energy out there. i don't know why they haven't ran with it. i would look into new clear stocks outside of just oil, -- nuclear stocks outside of just oil. maria: these two have confirmed and announced the deal this morning. we'll see if it gets any pushback from the feds. but ray, we're s

this is a permian basin play. lauren: yeah. up 10%.al to acquire endeavor energy, $26 billion cash and stock. what diamondback does here is increases its scale. it will be the third largest player in the permian when all is said and done, and that's a gold mine of oil that is in texas and oklahoma. stuart: the permian basin, by the way, is an underground lake -- i should say ocean, of oil. lauren: it's ingenuity the of american fracking that really got us to take the oil and gas out of the earth as cleanly as we possibly can. stuart: next case, expedia. lauren: up about a, what is it, 3 -- 4. 3% now. air bn airbnb's up, trip advisor up 3.5%. expedia had their price target raised at us we hanna to -- susquehanna to 145. if rates go down, customers have more money to spend. stuart: lauren, thank you. coming up, researchers say they have found a miracle material for solar panels. they claim it could revolutionize the industry. we're going to dig into that. barstool sports just signed a multiyear partnership with draftkings. dave portn if

endeavor is one of the last big closely held plays in the permian basin.ce that it is diamondback getting the deal. the target has been on the radar of bigger companies. exxon, chevron. there is a surprise and it will be seen as a shrewd move for the acquirer. in terms of regulatory hurdles, there will be the usual steps but given that we have seen larger deals progressing well, i cannot see that being an issue. tom: hey surprise, but likely to cross the line. looking to buy a controlling stake, what is the rationale? david: much like other traders they have benefited from volatility. the volatility out of the pandemic, the impact on energy prices from russia's invasion of ukraine. they are looking for acquisitions that will bolster the long-term. they have been adding refineries , networks. the deal gives them exposure to a key refinery that serves the mediterranean region. it will give them an asset in sardinia and lived refining capacity to about 800,000 barrels a day. a significant deal in another example of a company in commodities that has done well

the combined company would be the third largest oil and gas producer in the permian basin. >>> let's turn attention to the european markets. we are coming off a better week for the indices. stoxx 600 is up .20% in trading. with the exception of the ftse 100, all of these indices are trading in the green. cac 40 is up .20%. stronger day for the peripheries. ftse mib is up .80% with the news of tod's potentially going private giving that stock a boost today up 17%. within the ftse 100, i want to flag for the viewers, it is a big week in terms of data. inflation data on wednesday in the uk. retail sales on friday. of course, the employment data tomorrow. that is what we will watch. >>> in terms of currencies, we have the euro weaker down .10%. 107.70. dolla dollar/yen is higher. the pound is 126.16. looking ahead to the u.s. session with a lot of excitement on friday with the sa&p breakin to the 5,000. and the dow is weaker at 26 points lower . nasdaq is 20 points lower. the issue in the u.s. is the cpi print released tomorrow. >>> the kansas city chiefs claimed a thrilling overtime vic

there's a lot of deal making going on around the permian basin as well. to go back to what you said, though, do you think that because the u.s. has become so permanent now with its own production, it's displaced the relative importance of opec on a global scale? >> i think it's hard to say whether the u.s. is now the swing producer because perm yanlt oil. nonconventional crude flows out of north america. you know, they're not as easily adjustable. opec can come to a decision, you know. it's very flexible. that's why saudi maintains its supply buffer. but, you know, the key thing is really interesting. >> but it's only one country. >> if you look at net total oil and profits, everything, 20-plus barrels a day, it was a record, by far the world's biggest producer. you know, set in the near future to be exploring nearly 10 million barrels a day. these companies, they're not buying these assets just to sit on them and produce at the same level. they want to squeeze every last level out of the ground. the trajectory is only going to rise. what's interesting is

business model, stay tuned, chevron at the very top after fourth-quarter earnings beat on record permian basin don't go away. [coughing] copd hasn't been pretty. it's tough to breathe and tough to keep wondering if this is as good as it gets. but trelegy has shown me that there's still beauty and breath to be had. because with three medicines in one inhaler, trelegy keeps my airways open and prevents future flare-ups. and with one dose a day, trelegy improves lung function so i can breathe more freely all day and night. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. ♪ what a wonderful world ♪ ask your doctor about once-daily trelegy for copd because breathing should be beautiful. i'm so glad we did this. i'm so glad we did this. i'm so glad we

we are producing our own assets from the permian basin, for those deals to happen.r positive way, there is no impact. i don't think any of these deals that are being proposed today, create any trust issues. >> are we at some moment for and more consolidation? we are looking at more companies. is this the beginning of something that we need to do to follow more closely? >> i don't think so. the beginning was from our acquisition of the embargo. the reason you require that, is creating value for your shareholders. you are doing it in way that you are looking for assets that make your assets better. you create synergies for them. they provide you an acceleration to the value of shareholders. every company that does it, is doing it for regions. i think they will continue to do that. they have a lot of companies that won't have any difference made, in terms of the ability of smaller operators. this includes big operators, for them to change the way that they operate at all. >> we mentioned at the top, big players in oil and gas. when you look at the price of natural gas,

cheyenne of the permian basin what do you guys pay here in washington? so roughly a national average. that is how i remember at the national oil price the price is posted that price is exactly the national average measured by energy information. i don't even know what sites i can seat with the national price. we are expecting to peek out here. but again as i said a lot of risk around that. nothing does more damage the u.s. economy and higher oil prices. it undermines real income if they have to put more dollars and their gas tank then they spend on everything else. this undermines people's views about the economy in their own financial situation it jacks up inflation both by workers it gets into the wage structure but also bizarrely look at exploitation. that's also influenced by oil prices and a reason for the fed not to cut interest rates. >> is inverted still inverted, even in my expectation of the records, i don't think the curve slope with a long way above the short rates and well into 2025, therefore, thanks another non-bank's are short-term the mo

exxon in the permian basin, chevron in the back withen and guyana, and they basically want the abilityestricted in so many ways. they figure size helps. ashley: it certainly does, and i'm sure bernie sanders and elizabeth warren will be crying foul saying they're too profitable. anyway, i move on. >>> a judge dismissing disney's lawsuit against governor desantis. has disney responded to this, lauren? lauren: disney plans to appeal. the florida governor, ron desantis, says just move on. a judge dismissed disney's lawsuit against the state of florida. disney sued when florida took over that special governing district that disney had since 1967. disney called the action retaliatory because they the opposed as a company the governor's laws banning discussion of sex, gender and race in the classrooms. ashley: all right. if let's move on from disney and desantis to peloton. more bad news, i guess, although the stock is up 2.33. lauren: it hit an all-time low yesterday with. where is this turn around? i mean, two years with the ceo promising a turn around a, and it's not a happening, not even

brian, that they recently brought callan petroleum, a large provider of production company in the permian basinso much activity has been taking place. and so much of the consolidation activity in recent years has taken place. this was their first big deal in a long time. four and a half billion dollars increases their footprint, gives them more resources to deal with, i asked mr. chriesman what he sees oil prices, and he had an interesting answer that bears on the political situation in america. let's listen. >> i think we're in a world today where it's clearly an election year, historically, election years have been hard, there's a lot of battled to try to keep prices own. everything there. like i said, we think that inventory is at a pretty good place. you get to the back half of this year, we'll see some draws, we are very constructive on oil. >> a little bit constructive on oil in the long term. as he said there, which is interesting, political years tend to be hard in the oil business. hard for the oil business may mean good for the consumers of gasoline, because politicians tend to like t

endeavor is the largest privately held oil and gas producer in the permian basin.der pressure. regulators have asked the bank for changes the way it measures default risks of its trading partners and found plan to improve internal oversight to be lacking. >> vf corp rallying. engaged capital has received the support of the founding family of vf corp for board seats and faster changes at the apparel maker. the stock has come off of a quarter that was really rough. perhaps catalyst here in the agreement that was made. guys, the key economic event of the week is going to be cpi. inflation out tomorrow. then we'll get ppi later in the week. the other one to watch is retail sales because it factors into gdp and also gives us a good gauge of whether consumers continue spending as they did in december as strongly in january with the weather issues. that's what we'll be watching along with a number of big earnings tomorrow. coke and marriott and shake shack. we're trying to figure out how much the consumer is holding up amid these higher interest rates. one good chart that

. >> and that's obviously in a very active part of the world in the permian basin.alance sheet is strong, you're raising the dividend, financial position is right where it needs to be, in your view. let's talk a little bit about something i've heard you say is occi will become a carbon management company more than just an oil company. what does that mean? what will occidental look like because of that in 5, 10, 15 years? >> the way we see the world if there's 50% more co2 in the atmosphere more than pre-industrial times so it's not just enough to shut down emissions. it's not enough to stop emissions from going in the atmosphere. we have to reduce co2 out of the atmosphere. we're leveraging 50 years for using co2 for enhanced oil recovery that will help us produce net zero oil from our oil reservoirs by using co2 in those reservoirs -- >> this is carbon capture. let me ask a quick question before we are wrap. carbon capture will proos net zero oil and will allow buyers of carbon credits to describe themselves as net zero emitters. that's one way to approach sustaina

those up and watching this morning, shale producer diamondback energy saying it's going to buy permian basind stock deal valued at about $26 billion including debt, endeavor the largest user of permian tart of texas and new mexico. the new company would become third largest oil and gas producer in the region behind exxon/mobil and chevron, if it goes through. and jeff bezos. a statement filed with federal regulators indicates bezos sold merely 12 million amazon shares worth more than $2 billion last wednesday and thursday. the stock came in five blocks between about 1 and 3 million shares. >>> u.s. senate voting to move forward with a $95 billion aid package for ukraine, israel and taiwan. super bowl sunday, passed with 67 votes in favor. it is one of the last procedural hurdles behind, before a final vote. support from both sides of the aisle a good sign of final passage. although nothing is certain. even in washington. and uncertainty what the house would do with the bill. >>> get back to the browder markets. mike santoli joins us now to tell us why the bull/bear debate is trapped in the '

lisa: the largest pure play operator, in the permian basin.ncy of scale, layoffs, what is that going to look like? my second question, how much is this going to take out some of the debt and all the different energy companies you see all of these tieups. the third question, what's next? have all the big deals been done? is that the case or do we see more down the pipe? jonathan: the headquarters of both countries are literally a block apart in texas. lisa: i will let midland take that on. jonathan: another cre crisis. equities on the s&p 500, totally unchanged to -- unchanged to kick off the trading week. we are down two basis points. coming up this hour, stuard kaiser of citi. gennadiy goldberg of td securities and republican hopeful nikki haley. we begin with our top stories. stuard kaiser of citi remaining bullish. with very strong growth data as a backdrop, cpi could lead investors into either goldilocks or overheating camps. let's go straight to it. you got a clear line of sight. you've been telling us how good data is good news for stock

cheyenne of the permian basin what do you guys pay here in washington?ughly a national average. that is how i remember at the national oil price the price is posted that price is exactly the national average measured by energy information. i don't even know what sites i can seat with the national price. we are expecting to peek out here. but again as i said a lot of risk around that. nothing does more damage the u.s. economy and higher oil prices. it undermines real income if they have to put more dollars and their gas tank then they spend on everything else. this undermines people's views about the economy in their own financial situation it jacks up inflation both by workers it gets into the wage structure but also bizarrely look at exploitation. that's also influenced by oil prices and a reason for the fed not to cut interest rates. >> is inverted still inverted, even in my expectation of the records, i don't think the curve slope with a long way above the short rates and well into 2025, therefore, thanks another non-bank's are short-term the money an

but like exxon and its dominant position, seem to be dominant position in the permian, you have two other basinsminant player with an aggressive ftc reviewing it. katie: when i speak to investors and analysts about this industry, energy in general, they say this is a sector ripe for consolidation, more of these mergers of equals. do you think the ftc stance will keep some of these potential deals on the sideline? haag: i think it really depends on how aggressive they are with these two acquisitions. if the ftc comes in and really attacks these two acquisitions, as it has in a couple of other industries, you might have a wait and see attitude on the part of the industry through the november elections, to see if there is a change in an administration, more constructive ftc as it relates to m&a activity. before you see that, you need to see how the exxon-pioneer, chesapeake-southwestern transactions play out. katie: i want to talk about eog's since that is a name that you are positive on at the moment. eog's have been able to avoid m&a, unlike what is happening in shale. do you think it will have t

creating fewer players in the permian basin. how is not going to ultimately reflect in production?exxon can bring on one million barrels more oil from the acquisition in the whole patch. the other hand, there are smaller players. this is when we think about the private players and what we see happening versus those big public companies. they should be scared and worried. when we think about the service industry, x i'm companies like that can take on the biggest projects, run their ranks 20 hours a day. we have a limit of 24. they are drilling three-mile lateral wells versus two. that brings down their costs. when you look at the smaller players who cannot do that, that is a problem for them. digitalization will make drilling more efficient but the biggest players can afford to do that most relative to the smaller players. we will probably see a further widening instead of these plays. kriti: i want to ask about positioning. there has been a lot of questions. six months ago, more and more people were in the super cycle. this would be the start of an intensive 10 years for the commod