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BEHAVIORIAL FINANCE PART 1: 300 POINTS This past week, you have been asked to read about the pending and now announced acquisition of Pioneer Resource
BEHAVIORIAL FINANCE PART 1: 300 POINTS This past week, you have been asked to read about the pending and now announced acquisition of Pioneer Resource by ExxonMobil. Based on the different readings, television coverage and your personal views, describe the acquisition from the perspective of the following stakeholders: 1. If you were a current shareholder of ExxonMobil (ticker: XOM) 2. If you were a former shareholder of Pioneer Resource (ticker: PXD) that sold their PXD shares at $70 during the year 2021. 3. As a current consumer of hydrocarbon (which include such products as gasoline, heating oil, diesel etc.) that was asked to give investment advice on whether or not to invest in ExxonMobil. This discussion should be based on what your recommendation is for the shares of Exxon Mobil post the closing of the pending deal. Your choices are: BUY, HOLD, SELL, BUY-LOWER, SELL-HIGHER
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