Jim Kramer here to share with you a sample of my take on the market from today's CNBC

Investing Club warning meeting. You know what? It's funny. These strategists are now saying,

why isn't the war? Why isn't geopolitics playing a role? And I think that that's because you need

to have some input that reaches here. And oil did not go up as much as people thought.

So, yeah, I mean, I'm not saying it's benign. I'm just saying, eh, I wish it were better. How about that? Speaking of oil, it might be good to talk again about the plan for Pioneer. Yeah, why aren't you going to that? Now that ExxonMobil is acquiring the company. Well, look, what we said yesterday remains today that we want to sell

when we are no longer restricted. It might be Monday. And good. I mean, I read the DAC

and the conference call. It's clear that Sheffield thought he's going to get $250 minimum.

But let's remember that the stock was higher at one point. You never want someone to

sell out at a lower price than the all-time price. Sure. And I think Exxon falling a few percent

yesterday kind of hit the stock price. Because really, they were surprised. I think so. Because I think

Pioneers' assets are that good.

Yeah.

Remember, it's $150,000 more barrels per day.

A billion dollars in synergies next year.

Yeah.

But look, anyway, if you want to hold on a Pioneer for the Exxon shares, just one thing to point out,

you'll still get the fixed quarterly dividend from Pioneer as you wait for the deal to complete.

Pioneer, they won't be repurchasing stock, which is customary with any transaction.

You'll get two variable dividend payments, the quarterly payments, but it'll be at a reduced figure of free cash flow.

And people once again have to recognize that we're going to take the money and run, so to speak,

not anything having to do with not liking the deal,

but our status as non-arbitish reserves has been the way since I started the Travel Trust,

...