joining me now is joe weisenthal and peter pollock. peter, good to have you.'ve ever spoken you before, but i like the biggest rupee of you guys. peter: good to be here. alix: this is the moment we have an waiting for? heater: is a moment. one transaction and one deal does not make a trend, but this is the first big one in the space and it has a lot of of servers asking if it is the first of many. we are about to find out in the days and weeks ahead. joe allin is the turnaround here for shale? last week numbers were up. alix: five in the muck, one in the primary an. peter: as they have come off of the bottom, companies have raised their guidance and been ine optimistic about output 2015. what it might do for oil prices is add supply. the 38% premium. what did you make of the pricing behind it? alix: their key the keys -- joe: -- reserves were in the low cost basin, obviously they are privy to adding to it for good acreage. what are some of the other companies people on looking at in light of this deal? peter: the key things to look for our good acreage and --