More Meister takeover plays: Concho Resources, Pioneer Natural

|About: Concho Resources Inc. (CXO)|By:, SA News Editor

Alongside Diamondback Energy (NASDAQ:FANG), Corvex Management's Keith Meister says Concho Resources (NYSE:CXO) and Pioneer Natural Resources (NYSE:PXD) are "must-own" takeover targets.

Meister says he'd be "shocked" if any of the trio were still independent companies in three-to-five years.

A catalyst for the M&A animal spirits, says Meister, was last week's Chevron-Anadarko deal.

FANG and Concho aren't moving much, but Pioneer is higher by 1% in morning action.

Previously: Keith Meister pitches Diamondback Energy at 13D conference (April 16)

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