The Special Situations Report Insider Purchase at Micron & Potential Deals at Eli Lilly – The Special Situations Report Episode #50
Jan 20, 2026
Explore the potential merger between Devon Energy and Coterra, and Eli Lilly's strategic acquisitions, including a significant bid for ABVax. Hear about Veeva Systems' impressive $2 billion stock buyback and the implications for its business model. Discover the excitement around an insider purchase at Micron Technology by an ex-TSMC CEO, while also discussing the challenges faced by Under Armour amidst C-suite changes. Join in for a deep dive into market movements, insider activities, and future risks in key industries.
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Pioneer Rumor Turned Real Deal
- Asif recounts tracking a Pioneer/Exxon rumor that became a confirmed deal and paid out for rumor-to-announcement traders.
- He notes the eventual all-stock structure forced arbitrageurs to short Exxon to participate.
Why Devon Would Want Cotera
- Devon and Cotera would create a top US shale producer despite remaining smaller than peers like Diamondback.
- Cotera's gas-heavy mix may complement Devon as oil lags and gas rallies, reducing antitrust risk for a combined deal.
Lilly's Push Into Inflammation
- Eli Lilly is pursuing inflammatory-disease assets via small and potential large cross-border acquisitions.
- Cross-border political or regulatory friction could widen spreads and complicate deal execution.