Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

Today is Thursday, April 18th, and we're talking Energy.

I'm your host Nick Saipel, and today I'm joined by Motley Fool contributor,

Matt Delalo via Skype. How you doing, Matt. I'm doing by Motley Fool contributor Matt Delalo by Skype.

How you doing Matt?

I'm doing great Matt.

Happy to have you on once again.

We've got a great show planned today.

We're going to talk about one of your favorite companies,

that's Kinder Morgan, just reported earnings yesterday, where we're going to talk about one of your favorite companies, that's Kinder Morgan, just reported

earnings yesterday, where we're going to preview upcoming earnings from some of our favorite oil companies.

But first, Chevron announced a $33 billion mega acquisition of Anadarko Petroleum last Friday.

Matt, as we look back a week later,

what's your reaction to that news?

My reaction is still pretty surprised.

Chevron didn't need to do any deals, and here they are you know shocking everybody with like the six biggest oil deal in history

So I was surprised by it, but the more I've looked into it. It's a really good deal for a Chevron. It makes total sense. There's a lot of overlap and

plus it adds some things to them. So I really like it from that perspective.

Yeah, so when you talk about the assets that Chevron's adding, how does this acquisition

kind of fit into their strategy and how does that reshape their portfolio as they move forward

as a business?

Yeah, so the big takeaway is this really bulks them up in the Permian Basin, which as anyone

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