Why we’re unloading our Pioneer stake before the deal with Exxon Mobil closes

An Exxon Mobil gas station in Las Vegas on July 25, 2023.

Bridgett Bennett | Bloomberg | Getty Images

Here’s our Club Mailbag email [email protected] — so you send your questions directly to Jim Cramer and his team of analysts. We can’t offer personal investing advice. We will only consider more general questions about the investment process or stocks in the portfolio or related industries.

Today’s question: Why would we not stay in Pioneer [until a deal with Exxon closes] to receive $253 per share? Selling now leaves 6% on the table. — Thanks, Duke

Source: CNBC