You may have seen the recent headlines around Chevron’s (CVX) purchase of Hess (HES) or Exxon’s (XOM) big merger with Pioneer (PXD). Splashy headlines, and lots of CNBC interviews, but those deals will likely take years to integrate and the CVX/HES deal in particular may take a lot longer to be profitable.
I prefer less “splash” and more immediate return, which is why I like the strategy of oil company Berry Corp (BRY) with what it calls its “enhanced shareholder return” model.
