pioneer is a name you like and even scott sheffield said he is not going to drill if the price is high, only if the price doubles. to him it is a question whether they will enjoy that kind of performance. anything else you would tell our investors if they want this exposure >> no, you know, we love small caps, we love mid caps, we love quality. pioneer natural resource fits that bill. it is more of a mid cap, smaller mid cap, but definitely on the higher echelon of quality in energy we continue to view their deep inventory of high-quality drilling locations in the core of the midland basin you couple that with the strength of its balance sheet, a long-term investment framework, which in our view should get this stock rerated >> right >> you have seen a lot of the energy stocks trade at four times where historically they traded at six times. so i think the investment rationale looks very simple in our opinion. >> all right david, thank you for joining us. we will have you back on as we follow the story into early part of next year david wagner with aptus private investors. >>> facebook

. >> i don't know if you saw over the weekend, but scott sheffield, the only oil ceo i've seen at an opec meeting. >> yes. >> over the weekend telling "the financial times" that basically opec is in control the american producers don't have the ability to contro prices because they're not growing. it's all about opec, would you agree? >> opec is really the only game in town but it's about saudi arabia what country has the ability right now to surge production in order to pull this off we're talking about a handful of those countries and of those countries saudi arabia is sitting on the most barrels they could deploy to crew this off. and we know the prince thinks of himself as the central banker of oil. i think, again, if they don't put more barrels on than 400,000 i expect they will but if they don't, i know he's going to signal they're standing ready and willing to do so and closely watching market conditions he has caused this fed-like meeting structure to actually happen he wanted to have a rapid response mechanism with opec remember we used to go to vienna twice a year and they

. >> if scott sheffield speaks you have got to lip. he is the only ceo at an opec meeting.wants to understand their thinking as well i love that article he put out over the weekend russia and saudi arabia really are in control right now i also liked his comment -- i shun like it but it was interesting. he said, if we try, meaning u.s. producers, to increase production, we will be punished by our own shareholders. so think about the change that we have undergone, kelly for the better part of a decade, it was grow, grow, grow in the oil patch. now shareholders, the ones who are left by the way that are willing to invest in fossil fuel companies, which there are fewer every week, are saying, no, give us back that money it is the run of capital, not the return on capital. sheffield's comments are really really eye opening but at least today not everything is down right? big tech is down big oil is up. how about that. >> welcome to 2021. >> very real return to capital brian sullivan. >>> from oil to electric some developing stories in the world of autos and electric vehicles it