New IndustryCCS-Carbon Capture and Storage
May not be new to some, but it's new to me.
Yesterday evening I happened to catch a glimps of Mad Money (can't take too much of Mr. Type A),
and noticed the letters ENB on the chalkboard.
Just above was the word Denbury.
He went on to explain a little about CCS, and suggested that DEN was more of a pure play while NEM is getting into it.
This morning, I see in the news that Exxon is acquiring DEN.
What a coincidence.
Then, on CNBC I see the CEO of EXXON being interviewed regarding the synergies involved in the takeover.
This could be bigger than it appears. Exxon does not mess around with sectors that can hurt their bottom line.