Motley Fool Money Netflix Has Cash
Dec 12, 2023
Nick Sciple, an investment analyst at The Motley Fool, dives into interesting discussions about recent market trends. They explore Occidental Petroleum's bold $12 billion acquisition of CrownRock and its debt strategy. The conversation shifts to Netflix, highlighting its financial strength and a surprising collaboration with Disney for content licensing. Additionally, they touch on Google's antitrust ruling and its impact on the tech landscape. Finally, insights on recent FAFSA changes round out the discussion, offering crucial advice for prospective college students.
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Occidental's CrownRock Acquisition
- Occidental Petroleum is buying CrownRock for $12 billion, consolidating their position in the Permian Basin.
- This acquisition gives Occidental access to more oil inventory and better downturn resilience.
Permian Basin's Allure
- The Permian Basin, primarily in West Texas, is attracting oil producers due to its low breakeven costs and maturing resources.
- Companies with stronger balance sheets are now positioned to acquire assets in this valuable area.
Netflix and Disney's Streaming Deal
- Netflix's deal with Disney for non-exclusive streaming rights to 14 shows signals Netflix's strength in the streaming market.
- Disney benefits financially while keeping core properties like Star Wars and Marvel within its own platforms.