What I learned from the market is that the story can change. I enjoyed reading @Tiger_story 's article about the Occidental CEO. When oil prices dropped, the narrative was that Occidental were the losers for acquiring Anadarko; and Chevron were the winners because they had not only dodged a bullet, but received a significant payment for nothing because Anadarko backed out of their agreement. Now, with oil prices recovered and the Permian pumping again, the narrative is Occidental are looking like the winners. But let's see how the story continues to unfold.
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