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In May MDN told you about one of the oddest combinations in recent memory--the merger of Permian driller Cimarex Energy with Marcellus driller Cabot Oil & Gas (see HUGE NEWS: Permian Driller Cimarex Buying Out Cabot Oil & Gas). Given the negative reaction by stock analysts and investors, we had hoped maybe the deal would fall apart (see Markets “Baffled” by “Unexpected” Cabot Merger with Cimarex). Cimarex delivered its 2Q21 update yesterday and judging from the talk on the conference call with analysts, the deal is still very much on and will close later this year.
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